The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 25,025 level, a discount of nearly 10 points from the Nifty futures’ previous close.

Indian stock markets poised for a positive start on Monday, driven by global gains and strong sector performance. Sensex and Nifty 50 set for modest gains.

Infosys, Coforge, and TCS dragged the Nifty IT index lower, while concerns around the subdued demand environment weighed on the sector. The Sensex and Nifty closed in the red on October 16, weighed down by sharp declines in IT and auto stocks,

The Nifty 50 finished lower and closed below the 25,000 level on Wednesday, as the heavy selling pressure in the information technology and auto sectors outweighed the gains in Reliance Industries and HDFC Bank.

The market failed to hold onto the opening gains to end on a negative note on Tueday. Nifty finished below 25,100 dragged by auto, metal and pharma. At close, Sensex was down 152.93 points or 0.19% at 81,

Within the Nifty index, Wipro, Tech Mahindra, HDFC Bank, and HDFC Life were among the top gainers. On the other hand, ONGC, Maruti, Tata Steel, and Bajaj Finance were among the top losers.