The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,715 level, a premium of nearly 25 points from the Nifty futures’ previous close.

The GIFT Nifty implied that the markets would open on a higher note. It was up 68 points, or 0.28%, at 23,840. During the pre-open session, the Nifty 50 was up 62.50 points, or 0.26%, at 23,801.75, while the Sensex was up 120.79 points, or 0.15%, at 78,704.60.

The Indian benchmark indices, Sensex and Nifty opened flat on Friday, as investors awaited the Reserve Bank of India’s (RBI) monetary policy decision. With economic growth slowing and the government having already cut personal income tax to boost consumption,