The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,235 level, a premium of nearly 10 points from the Nifty futures’ previous close.

In the previous trading session, the Indian stock market closed in negative territory.The Nifty 50 recorded a minor decline of 0.03%, finishing at 24,141 points, while the BSE Sensex slipped by 52.51 points,

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The bulls have seen inability to sustain higher levels though sharp downside momentum was also absent on Monday. Nifty 50 Index is moving in a broader high low range of 24300/24600-23800 levels, said

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 24,213.30, while Sensex ended at 79,476.63. Overnight, Wall Street indices ended higher ahead of the US election 2024 outcome.

The Nifty-50 index has important support near 24000 zone failing which it can retest the crucial zone of the 200 period moving average at 23500 levels, said experts

Indian blue-chip indices, the Sensex and Nifty50, opened lower for the third straight session on Monday, as concerns over weak earnings and persistent foreign outflows continued to weigh on domestic equities.

Investors are closely watching the movements of Foreign Institutional Investors (FIIs) as global markets react to recent developments, including Donald Trump's victory in the US elections and China’s restrained approach to economic stimulus.

Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.