The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,135 level, a premium of nearly 12 points from the Nifty futures’ previous close.

Indian benchmark indices, Sensex and Nifty, opened higher on Thursday, breaking a six-day losing streak, driven by gains in banking and financial stocks as investors responded to domestic inflation data suggesting a potential rate cut.

The domestic equity market failed to sustain early gains and ended near the day’s low, extending its losing streak to seven consecutive sessions. This marks the longest losing run in three months, as selling pressure intensified in the final hour of trade.