The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,093 level, a discount of nearly 167 points from the Nifty futures’ previous close.

Indian benchmark indices, Sensex and Nifty, dropped after opening in green higher on Monday, following positive signals from other Asian markets, with IT and auto stocks leading the gains. The market also saw an uptick after Friday’s data revealed India’s economy grew by 6.

After a break for Maha Shivratri on February 26, the stock market resumed trading on February 27. In the pre-opening session, the Sensex slipped 32.80 points to 74,569.32, while the Nifty 50 saw a decline of 368.15 points, trading at 22,179.40.