Stock market news, Jan. 21 -- The domestic benchmark indices, Nifty 50 and Sensex are set to open higher on Wednesday following a sharp selloff in the previous session that dropped them to their lowest levels in over three months. Factors such as global trade issues, geopolitical tensions, mixed earnings reports, and ongoing foreign outflows contributed to this decline.

As of 8:01 IST, Gift Nifty futures were trading at 25,265.5 points, suggesting that the Nifty 50 might begin the session slightly above Tuesday's closing figure of 25,232.50.

On Tuesday, the Nifty 50 and Sensex experienced declines of approximately 1.4% and 1.3%, respectively, marking their largest single-day percentage loss in over eight months and resulting in their lo...