The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,195 level, a premium of nearly 87 points from the Nifty futures’ previous close.

Foreign outflows have surged, exceeding $10 billion so far this year, with no signs of easing. Though domestic inflows have provided some support, they have been insufficient to counter the broad-based decline in share prices.

Although the new deals between India - US comes as a positive factor, the Indian stock market witnessed yet another intense bearish trend on5. Sensex dropped by more than 600 points, while Nifty 50 shed over 216 points.