Stock market today, May 27 -- The Indian stock market is likely to open on a subdued note on Wednesday, with the Gift Nifty indicating cautious sentiment. As of 7:50 AM, the Gift Nifty was trading near 23,882, around 97 points below the previous close of Nifty futures at 23,978.90.

The muted indication follows benchmark indices ending lower on Tuesday, snapping a two-day winning streak amid profit-taking, weak global cues, and a rebound in crude oil prices. The BSE Sensex fell 479 points, or 0.63%, to 76,009.70, while the Nifty 50 declined 118 points, or 0.49%, to 23,913.70.

Broader markets, however, continued to outperform. The BSE 150 Midcap Index gained 0.33%, while the BSE 250 Smallcap Index advanced 0.21%, reflecting sustained inve...