The GIFT Nifty was trading above 24,400 in early trade on Wednesday. Share prices of Kaynes Technology India Ltd., NTPC Ltd. and Welspun Enterprises Ltd. are likely to react during today’s session due to the news flow and earnings numbers.

The GIFT Nifty was trading flat at 24,450 at 6:30 am.

The NSE Nifty 50 and BSE Sensex ended higher for a second day to recover losses recorded last week. Bank stocks led the rally in benchmark indices. The Nifty 50 settled 0.52 per cent or 127.7 points higher at 24,466.85, while the BSE Sensex gained 0.45 per cent or 363.99 points to close at 80,369.03.

“We expect markets to remain range-bound amid uncertainty over the US elections taking place next week. However, we may continue to see sector and stock specific action as more and more companies announce their quarterly results,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.