The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,500 level, a discount of nearly 100 points from the Nifty futures’ previous close.

Amar Ambani of YES Securities expects Nifty to settle between 22,200 to 23,000 on a closing basis. Value buying from domestic investors will emerge, followed by FII inflows, he said.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty closed at 23,532.70, while Sensex ended at 77,580.31. Nifty 50 has corrected more than 10% from the record high it hit in September 2024.

The Nifty opened on a positive tone, but continuous selling pressure dampened sentiments, and the index settled the day on a negative note at 23,454 levels. The volatility index India VIX surged by 2.

The Bears bandwagon has continued in the market for the seventh consecutive day. Among the key reasons for the decline are downgrades in major stocks for FY25, coupled with consistent foreign investor outflow,

Indian stock markets opened higher on Monday, showing a positive trend after last week's losses. The BSE Sensex gained 282 points or 0.36 per cent in the pre-open session, reaching 77,862. Similarly,

The Sensex was up 283 points or 0.37 percent at 77,864, and the Nifty was up 70.9 points or 0.3 percent at 23,603.60. Stock Market Last Week Benchmark Sensex declined by 110 points in a see-saw trade on Thursday,