The trends on Gift Nifty indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 23,480 level, a premium of nearly 20 points from the Nifty futures’ previous close.

The stock market plunged into the red upon opening as trading began on Monday, February 10, 2025, dragged down by metal and healthcare stocks. At 9:20 am IST, the benchmark BSE Sensex was down by 302.

Indian equity markets started the week on a weaker note, with key indices slipping in early trade. The NSE Nifty 50 opened at 23,522.45, falling 37.50 points or 0.16 %, while the BSE Sensex dropped 250.62 points or 0.32% to 77,609.57.

Despite a 25-basis-point repo rate cut by the Reserve Bank of India, the market closed largely in the red. However, midcap stocks continued to outperform, with the midcap index closing in positive territory.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.

The Indian equity markets began the trading week on a negative sentiment. On Monday morning, the benchmark indices, Sensex and Nifty, started the session in red as investors remained wary of more tariffs from US President Donald Trump’s administration.