The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,370 level, a premium of nearly 90 points from the Nifty futures’ previous close.

Currently, Nifty 50's price-to-earnings ratio on a trailing 12-month basis is at 19.7 times, down from the 40.3 times seen in March 2021, according to NSE data.

Indian stock markets ended flat on Monday, with the Nifty extending its losing streak to the ninth day amid the uncertain global situation. At the end of the trading, the Sensex stood at 73,085.94, down 112.