The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,303 level, a premium of nearly 40 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.

The stock market opened in the green as trading began on Friday, January 24, with oil and gas, metal, mid and small cap financial services stocks falling the most. At 9:20am, the benchmark BSE Sensex was up by 220.