The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,932 level, a discount of nearly 180 points from the Nifty futures’ previous close.

Indian equity indices opened Monday’s trading session gap-down. The NSE Nifty 50 opened 171 points, or 0.74%, lower at 22,921.20, while the BSE Sensex fell 490.03 points, or 0.64%, to open at 75,700.43.

The Nifty 50 tumbled 255 points from the day’s high to end the session 0.49% lower at 23,092, concluding the week with a drop of 0.48%. Likewise, Sensex wrapped up the session with a drop of 0.43%, plummeting 795 points to end at 76,