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Investor confidence in the banking sector remains fragile as the ECB highlights the need for greater regulatory scrutiny following recent volatility, which saw European banks weaken slightly. Bank stocks in the US, however, rose slightly, overall financial stability remaining on a solid footing despite event-triggered banking fears

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On March 12, the conglomerate stated that it had repaid $2.15 billion of loans that were taken by pledging promoter shares.

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The Dow Jones Industrial Average rose 2.77 points. The S&P 500 opened lower 0.09%, at 3,974.13.

​​"The Exchange has sought clarification from Adani Enterprises Limited with respect to a recent news item captioned The Adani Group wants you to believe it has repaid all its loans against promoters. The response from the company is awaited," NSE said.

Nifty indices, including Nifty 50 ETF, Nifty Bank, and Nifty Next50, are due to undergo their semi-annual rebalance on March 29. According to Nuvama Institutional Research, RIL, Infosys, ICICI Bank, and HDFC Bank are the stocks expected to see the biggest outflows. Meanwhile, Page Industries, Canara Bank, SBI, Axis Bank, and Coal India are predicted to see maximum net inflows. The changes could lead to some weight reduction in non-F&O members such as Adani Total Gas, Adani Transmission, Adani Green, DMart, Bajaj Holdings and Investments, Nykaa, LIC, P&G, and Zomato.

India VIX was down 2.20% from 15.44 to 15.10 levels. Volatility is expected to be high tomorrow due to the expiry of weekly and monthly derivatives.

"Spot gold prices in the Delhi markets traded at Rs 58,750 per 10 grams, down Rs 230 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

On Tuesday, benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends.