The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.

Infosys, Axis Bank, Shriram Finance, Kotak Mahindra Bank, M&M were among major losers on the Nifty, while gainers included BPCL, Reliance Industries, Bharat Electronics, Nestle India and Hindalco Industries.

In another rangebound session, the Indian market closed on a positive note, extending its winning streak for the third consecutive day on Thursday, driven by positive cues such as the Gaza ceasefire deal,

The BSE Sensex rose 318.74 points, or 0.42%, to 77,042.82. Likewise, Nifty 50 gained 98.60 points, or 0.42%, to 23,311.80.