Nifty 50 set to open higher; foreign outflows may limit gains

India's benchmark Nifty 50 is likely to open higher on Wednesday after four sessions of losses, although worries over foreign fund outflows could cap the advance. The Gift Nifty futures were trading at 26,116 points, as of 7:40 am IST, indicating that the Nifty 50 would open above Tuesday's close of 25,938.85.