The trends on Gift Nifty indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,215 level, a discount of nearly 80 points from the Nifty futures’ previous close.

India stocks were higher after the close on Wednesday, as gains in the Technology, Oil & Gas and Capital Goods sectors led shares higher. At the close in NSE, the Nifty 50 added 1.16%, while the BSE Sensex 30 index gained 1.

The next key event is the US election scheduled on. Owing to deep correction, the key support level for Sensex and Nifty 50 is around 78500 and 23800 respectively.

Indian stock markets continued their downward trend after opening lower on Monday, weighed down by mixed signals from global markets. Both the BSE Sensex and Nifty 50 showed weakness as investors adopted a cautious stance.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,315 level, a discount of nearly 70 points from the Nifty futures’ previous close.