The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 25,925 level, a discount of nearly 20 points from the Nifty futures’ previous close.

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green after hitting fresh record highs. Nifty 50 closed at 25,939.05, while Sensex ended at 84,928.61. Nifty 50 is also around 60 points away from 26,