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.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session flat after hitting fresh record highs. Nifty 50 ended at 25,940.40, while Sensex ended at 84,914.04. Overnight, Wall Street indices Dow Jones and S&P 500 continued to post record highs.

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.