The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,932 level, a discount of nearly 180 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,155.35, while Sensex ended at 76,404.99. Overnight, Wall Street indices ended higher. Asian stocks were mixed in early trade today.

In the next week, it is believed that Indian stocks consolidation phase is in the final stage, with resilience of large-cap stocks indicating a positive sign. Investors are guided to remain patient and adopt a accumulating strategy.