The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,860 level, a discount of nearly 80 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,913.15, while Sensex ended at 75,735.96. Overnight, Wall Street indices ended lower. Asian stocks were trading in a tight range in early trade today.

The stock market fell into the red for the fourth consecutive time this week after opening on Thursday, February 20, 2025.

For Nifty 50 Index 22950 level is crucial to watch. If the market moves above 22950, it could rally to the 23050-23100 range. Conversely, a breach of 22800 could potentially leading it retest 22725-22650 levels,