The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 21,135 level as compared to the Nifty futures’ previous close of 21,169. The Indian stock market indices, Sensex and Nifty 50, are expected to open lower on Thursday tracking weak global cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 21,135 level as compared to the Nifty futures’ previous close of 21,169. The domestic indices witnessed a sharp sell-off on Wednesday with the Nifty 50 registering its biggest one-day fall in a year. On December 20, the Sensex slumped 930.88 points to end at 70,506.31, while the Nifty 50 ended 302.95 points, or 1.41%, lower at 21,150.15. Nifty 50 formed an engulfing pattern at the highs suggesting a possible downward reversal. The candle of December 20 engulfed the candles of the previous three sessions and filled the upgap formed on December 15. Source - Mint