The trends on Gift Nifty also indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 22,467 level, a premium of nearly 26 points from the Nifty futures’ previous close.

Currently, Nifty 50's price-to-earnings ratio on a trailing 12-month basis is at 19.7 times, down from the 40.3 times seen in March 2021, according to NSE data.

India's benchmark Nifty 50 index may open a tad higher on Wednesday, after logging the longest losing run in its three-decade history in the last session, aided by gains in Asian peers as the U.S. Commerce chief hinted at some relief on Canada and Mexico tariffs.