The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,093 level, a discount of nearly 167 points from the Nifty futures’ previous close.

Sensex and Nifty indices dropped following weak global market trends, FII outflows, and U.S. tariff concerns. The BSE Sensex declined, with major stocks like Nestle India lagging, while others like State Bank of India gained.

The 30-share BSE Sensex opened below the 73,000 mark at 72,817.34, down 268.6 points from the previous session’s closing. The broader Nifty 50 index opened at 21,974.45