Indian stock markets opened on a positive note on Wednesday, supported by optimism surrounding a potential India-US trade deal.

The Nifty 50 index opened at 25,588.30 points, gaining 46.50 points or 0.18 per cent, while the BSE Sensex opened at 83,790.72, up by 93.43 points or 0.11 per cent.

Market experts noted that despite the opening gains, Indian equities are likely to remain range-bound in the near term due to persistent foreign portfolio investor (FPI) outflows. However, they also believe that the upcoming corporate earnings season will determine the next direction for the markets.