The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,187 level, a premium of nearly 35 points from the Nifty futures’ previous close.

The turmoil in the Indian equity market shows no signs of relief, as it extended its losing streak to a sixth consecutive session, with small and midcap stocks bearing the brunt of the decline. The continuous selling pressure over the past two months has pushed the broader market into bear territory,