The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,620 level, a discount of nearly 38 points from the Nifty futures’ previous close.

The recent downturn has seen the Nifty now losing nearly 1,000 points, or 4 percent, over six sessions including today, while the Sensex has shed 2,800 points, or 3.4 percent, as Weakness in corporate earnings for September and rising global uncertainties continue to weigh.

Indian stock markets opened slightly lower on Thursday, continuing a downward trend driven by corporate earnings downgrades, higher inflation, and foreign fund outflows. Analysts suggest the downturn might persist until February,

Eicher Motors, Grasim, Kotak Bank, HDFC Life, and Hero MotoCorp were among the top gainers on the Nifty index. BPCL, Hindustan Unilever, Tata Consumer, and Nestle India were among the top losers.