Stock market today, May 6 -- The GIFT Nifty is signalling a positive start for the Indian stock market on Wednesday. As of 8:18 AM, GIFT Nifty was trading around 24,279, at a premium of 172.7 points over the previous close of Nifty futures at 24,106.30.

In the previous session, benchmark indices BSE Sensex and Nifty 50 ended in the red, weighed down by profit booking in key banking and financial stocks.

The 30-share Sensex declined 252 points, or 0.33%, to settle at 77,017.79, while the Nifty 50 fell 87 points, or 0.36%, to close at 24,032.80.

However, broader markets outperformed, with the BSE Midcap index rising 0.15% and the BSE Smallcap index gaining 0.20%, indicating continued resilience in the broader market segment.

The Nifty 5...