The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,715 level, a premium of nearly 25 points from the Nifty futures’ previous close.

As long as the Nifty 50 stays above 23,600, the upward journey toward the 23,800-24,000 zone is likely. However, below 23,600, consolidation may be seen, with support at 23,400, experts said.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures’ previous close.

Current weakness for the Nifty 50 Index could end around 23500-23450 levels in the short term and one may expect upside bounce from the lows soon, said experts

The 30-share BSE Sensex fell 213.12 points or 0.27 per cent to end the session at 78,058.16. The NSE Nifty 50 index fell 68.35 points or 0.39 per cent finishing the day at 23,627.95.

Indian benchmark indices, Sensex and Nifty, opened slightly higher on Thursday as optimism for an upcoming rate cut outweighed concerns over escalating global trade tensions. IT and oil & gas stocks supported the Nifty 50,