The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,567 level, a premium of nearly 37 points from the Nifty futures’ previous close.

What is the market’s outlook on Thursday? Find out how the markets are poised to perform after a surge in global markets.

According to the report, the proportion of stocks trading below 3x price-to-book (P/B) ratio has risen to 33 percent (or 1 in 3 stocks) in the Nifty MidSmall 400 Index. This is an increase from 25 percent in September 2024.