The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,370 level, a premium of nearly 90 points from the Nifty futures’ previous close.

The Indian stock market turned volatile with Sensex erasing its 73,000 mark and Nifty 50 struggling to hold 22,000 levels. Although, the benchmarks opened in green, however, were toppled by bears on broad-based selling with oil & gas,

IT and financial stocks, where foreign investors hold significant stakes, accounted for half of Nifty 50’s losses.