The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,841 level, a discount of nearly 20 points from the Nifty futures’ previous close.

The Nifty 50 remained below short-term moving averages (10- and 20-day EMAs) and below the midline of the Bollinger Bands (24,700). Hence, the index needs to reclaim and sustain above 24,700 for a move toward the 24,

Nifty futures on the NSE International Exchange traded 13.90 points, or 0.06 per cent, lower at 24,847.50, hinting at a flat start for the domestic market on Friday.