The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures’ previous close.

The stock market was trading almost flat early on Thursday, as investors wait for the outcome of the RBI's monetary policy committee (MPC) meeting, which is slated for Friday.

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 trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.

The stock market opened flat as trading began on Wednesday. It had rallied right around its previous close. At 9:20 am, the benchmark BSE Sensex was down by 12.50 points or 0.02%, reaching 78,571.31.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.