The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 24,775 level, a discount of nearly 50 points from the Nifty futures’ previous close.

The 20-day exponential moving average at 24,400 bolsters the support. The daily relative strength index has climbed above the 60 mark for the first time in a month, underscoring a revival in bullish momentum, according to Dhupesh Dhameja, derivatives analyst at Samco Securities.

The BSE Sensex fell 534.40 points, or 0.65 per cent to 81,598.72. Nifty stood at 24,605.95, down 162.35 points or 0.66 per cent. Titan Company Ltd fell 2.05 per cent to Rs 3,437.05 and was the worst Sensex performer.

The Nifty index is finding resistance near the 24,850 zone. The bias and sentiment for the index improved at the end of the week, experts say.

The Sensex and Nifty began trading on Monday on a weaker note. Weak global indicators and worries regarding the upcoming WPI inflation data set to be revealed in the day weighed down the key benchmark indices.

Benchmark stock market indices opened lower on Monday, dragged by a decline in IT stocks after having witnessed a very volatile session on Friday when it recovered after having lost nearly 1,200 points.

Sensex Surges 918 Points, Nifty Gains 219 Points Amid Volatile Trading On Friday On Friday, the Indian equity markets ended a highly volatile session on a strong note, with the Sensex jumping 918.13 points (+1.

The Indian equity market opened on a subdued note on December 16, with benchmark indices trading in negative territory during the pre-opening session. The BSE Sensex fell by 122.06 points, or 0.15%, to settle at 82,