New Delhi, Aug. 26 -- Indian equities are set for a firm start on Wednesday, with GIFT Nifty signalling a higher opening after the benchmark indices delivered their strongest close since the introduction of the Closing Auction Session (CAS). The improvement in technical momentum is being reinforced by a more supportive global backdrop, led by easing crude oil prices and a resilient US stock market, providing investors with a stronger foundation than in recent weeks.

The Gift Nifty live chart is trading more than 200 points higher than Tuesday's spot Nifty 50 close of 24,334. The index is trading more than 50 points above its previous close as well.

Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher, believes the...