The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,800 level, a premium of nearly 30 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,

The Nifty 50 closed 0.11% lower, settling at 23,727, while the Sensex ended with a minor 0.09% drop at 78,472.