"Nifty witnessed consolidation near the 25,800 zone after the two sessions of losing streak with a Doji candle formation on the daily chart and can expect for a pullback in the coming session," said Vaishali Parekh, Vice President, Technical Research, PL Capital Group.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 26,000 level, a premium of nearly 10 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session lower. Nifty 50 ended at 25,810.85, while Sensex closed at 84,299.78. Overnight, Wall Street indices Dow Jones, S&P 500 and Nasdaq posted their first positive September since 2019.

Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in trade on Monday driven by global cues. This crash was influenced by mixed signals from regional markets and driven by losses in index heavyweights such as Reliance Industries,