Indian benchmark indices Nifty 50 and Sensex ended the previous trade session lower. Nifty 50 closed at 23,696.30, while Sensex ended at 78,271.28. Overnight Wall Street indices ended higher. Asian stocks too were in the green in early trade today.

In currency markets, the Indian rupee hit a fresh low of 87.5 against the dollar, as expectations of a rate cut grew ahead of the RBI's interest rate decision later this week, analysts pointed out

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.