The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,620 level, a discount of nearly 38 points from the Nifty futures’ previous close.

Indian stock markets are likely to open lower today, with Sensex and Nifty50 expected to see a flat to slightly negative start amid mixed global signals. GIFT Nifty opened at 23,640, down 0.18%, hinti

On the 30-share Sensex platform, NTPC, Tata Motors and Infosys dominated in green. On the other side, Tata Steel, M&M, Adani Ports, SBI and JSW Steel emerged among the losers for the day

Market texture is weak but oversold and experts say that for the traders now, 200 day SMA (Simple Moving Average) or 23500 for Nifty -50 index and 77500 for Sensex would act as a sacrosanct support zo