The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,750 level, a discount of nearly 90 points from the Nifty futures’ previous close.

China's mainline CSI 300, Shanghai, and Hong Kong's Heng Seng were down over 1 per cent in trade as the housing policy briefing in China failed to excite investors and property stocks slumped.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. NIfty 50 closed at 24,749.85, while Sensex ended at 81,006.61. Overnight, Wall Street indices Dow Jones closed at a new record high,

Metals made a comeback, with the Nifty Metal index snapping a four-session losing streak and gaining nearly 2 percent led by Tata Steel and Hindalco.

Indian benchmark indices Sensex and Nifty 50 rebounded from early losses on Friday, closing higher due to gains in banking and metal stocks. The Sensex rose 218 points to 81,224, while the Nifty climbed 104 points to 24,

The 30-share BSE Sensex pack climbed more than 250 points to trade above 81,280 level, while the broader NSE Nifty index moved over 100 points to top 24,850. Buying interest in stocks Axis Bank, Tata Consultancy Services (TCS),