The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,932 level, a discount of nearly 180 points from the Nifty futures’ previous close.

In the next week, it is believed that Indian stocks consolidation phase is in the final stage, with resilience of large-cap stocks indicating a positive sign. Investors are guided to remain patient and adopt a accumulating strategy.

Indian equity benchmarks, BSE Sensex and Nifty50, started Friday on a positive note but erased the gains later. At 10 am, the Sensex dropped by 180.68 points, or 0.24 per cent, to 76,339.70, while the Nifty fell by 69.