The bulls have seen inability to sustain higher levels though sharp downside momentum was also absent on Monday. Nifty 50 Index is moving in a broader high low range of 24300/24600-23800 levels, said

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 24,213.30, while Sensex ended at 79,476.63. Overnight, Wall Street indices ended higher ahead of the US election 2024 outcome.

Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday

The Nifty 50 closed the session with a decline of 0.11%, settling at 24,122 points. The S&P BSE Sensex closed 14.16 points, or 0.02%, lower at 79,472.

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The Benchmark Nifty-50 index has been finding resistance at 24,500 and is hovering around crucial support zone of 24,200. Sustaining this is crucial for keeping the trend intact, experts said.

Indian blue-chip indices, the Sensex and Nifty50, opened lower for the third straight session on Monday, as concerns over weak earnings and persistent foreign outflows continued to weigh on domestic equities.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,130 level, a discount of nearly 90 points from the Nifty futures’ previous close.

Investors are closely watching the movements of Foreign Institutional Investors (FIIs) as global markets react to recent developments, including Donald Trump's victory in the US elections and China’s restrained approach to economic stimulus.