The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,370 level, a premium of nearly 90 points from the Nifty futures’ previous close.

Indian benchmark indices, Sensex and Nifty, dropped after opening in green higher on Monday, following positive signals from other Asian markets, with IT and auto stocks leading the gains. The market also saw an uptick after Friday’s data revealed India’s economy grew by 6.

Currently, Nifty 50's price-to-earnings ratio on a trailing 12-month basis is at 19.7 times, down from the 40.3 times seen in March 2021, according to NSE data.

The Nifty 50 ended the session with a slight decline of 0.02%, closing at 22,120, while the Sensex fell 0.08% to finish at 73,139 compared to Friday's close. The broader market ended mixed, with the Nifty Midcap 100 index gaining 0.

The Indian stock market turned volatile with Sensex erasing its 73,000 mark and Nifty 50 struggling to hold 22,000 levels. Although, the benchmarks opened in green, however, were toppled by bears on broad-based selling with oil & gas,

On Monday, March 03, the 30-share BSE benchmark Sensex lost 112.16 points or 0.15 per cent to close at 73085.94. The NSE Nifty went u by 5.40 points or 0.02 per cent to close at 22119.30.

The stock market went into the red despite early trade showing positive signs. Mid and small cap IT, telecom, and financial services stocks, along with media stocks fell the most. At 10:50 am IST, the benchmark BSE Sensex fell by 208.