The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 23,924 level, a premium of nearly 5 points from the Nifty futures’ previous close.

The Nifty 50 and Sensex ended up slightly on Thursday after paring most of their gains seen during the open as trading remained lacklustre in a holiday-truncated week. Market movements were seen as "dull" and "lacklustre" by analysts,

Indian stock markets opened flat but with an upward movement trend on the hopes of a year-end rally. The Nifty 50 index opened at 23,801.40 with a gain of 51.20 points or 0.22 per cent, while the BSE Sensex index gained 135 points or 0.