As per early indications, the Gift Nifty is pointing towards a gap-down start, trading around 22,460, nearly 140 points lower than the previous close of Nifty futures.
Indian benchmark indices touched all time high during the trading session on Monday. The Nifty touched all time high of 22,697.30 and Sensex also reached at the level of 74,869.30 points. Both the indices set new highs in the Indian equity market.
It is humanely impossible to track the entire market on a real-time basis. So, how does the exchanges keep a tab on movement of scrips and indices and contracts so that undesirable practices, if any, can be stopped?
The Sensex, India's key equity index, opened down by 131.51 points, or 0.18 per cent, at 73,883.04, while the Nifty, another major index, started the session lower by 23.25 points, or 0.1 per cent, at 22,438.75.
Simultaneously, the BSE Sensex followed suit, leaping by 317.27 points or 0.43 per cent, commencing at 73,968.62. This enthusiastic start set a promising tone for the day's trading activities.
Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level.
In tandem with this announcement, the Bombay Stock Exchange (BSE) has released a list of 25 stocks eligible for trading under the T+0 basis, effective from March 28 on Beta.