The Indian stock market benchmark indices, Senex and Nifty 50, are likely to open lower on Wednesday tracking weak global market cues.The trends on Gift Nifty also indicate a negative start for the Indian benchmark index.

The S&P BSE Sensex lost 659.08 points to 78,837.07, while the NSE Nifty50 was down 205.35 points to 23,935.95 as of 2:15 PM.

Stock Market Today: 46 out of the 50 constituent stocks ended in the red, dragged down by Britannia, BEL, NTPC, Asian Paints, and HDFC Bank

The Nifty 50 continued its downward trend for the fourth consecutive trading session, closing 1.15% lower at 23,863 points. Similarly, the Sensex ended the day in the red, shedding 1.01% to finish at 78,

Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

The Nifty 50 closed the session with a decline of 0.11%, settling at 24,122 points. The S&P BSE Sensex closed 14.16 points, or 0.02%, lower at 79,472.

Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.

Indian blue-chip indices, the Sensex and Nifty50, opened lower for the third straight session on Monday, as concerns over weak earnings and persistent foreign outflows continued to weigh on domestic equities.

Investors are closely watching the movements of Foreign Institutional Investors (FIIs) as global markets react to recent developments, including Donald Trump's victory in the US elections and China’s restrained approach to economic stimulus.