The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,750 level, a discount of nearly 90 points from the Nifty futures’ previous close.

India stocks were higher after the close on Friday, as gains in the Banking, Metals and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 added 0.42%, while the BSE Sensex 30 index

Indian stock markets poised for a positive start on Monday, driven by global gains and strong sector performance. Sensex and Nifty 50 set for modest gains.

BSE Sensex ended the day with the decline of 494 points to 81,006 and Nifty fell 221 points to 24,749 on. Nifty Bank fell by 512 points to 51,288 and Nifty Midcap slipped 985 points to 58,465 on. IT stocks witnessed rally in trade today.

Experts are anticipating the reason behind the lower opening of Indian equity markets is the selling by foreign investors recently. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Markets,

GIFT Nifty traded down by 139.50 points or 0.56% at 24,720.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Shares in the Asia-Pacific region are trading in mixed territory on Friday morning.

Indian blue-chip equity indices, Sensex and Nifty50, traded lower for the third consecutive day, with most sectoral indices down except for IT. Bajaj Auto shares dropped over 8% on missed earnings, while Mphasis saw a surge.