Indian benchmark indices are likely to open on a strong note on October 21, tracking GIFT Nifty, which was trading with a gain of 97 points at around 23,028.5 in early trade.
Track the latest updates on GIFT Nifty right here on Moneycontrol
Indian benchmark indices snapped their two-day winning streak and witnessed heavy selling on October 19, amid elevated crude oil prices, weak global cues and selling in private banking stocks following disappointing earnings.
At close, the Sensex was down 876.37 points or 1.17 percent at 73,852.90, and the Nifty was down 257.20 points or 1.11 percent at 22,888.95.
The broader markets also remained under pressure with Nifty midcap and smallcap indices fell 1 percent each.