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 domestic IT stocks weighed heavily on domestic benchmark indices, whereas a last-hour recovery in financial stocks saw the Nifty 50 and Sensex come slightly off lows after extending early losses on Monday.

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.

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.

Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex was below 82,000, Nifty50 was below 24,750.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 24,768.30, while Sensex ended at 82,133.12. Most Asian equities were trading in a tight range in early trade today.