The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Markets in Indian are poised to open with an upside, amid firm global cues, as investors track the start of the Budget session with the presentation of the Economic Survey today

India's benchmark indices, Sensex and Nifty, rallied on Friday, with Sensex gaining over 450 points and Nifty surpassing 23,400. L&T surged by 4.4 per cent after announcing record new orders, contributing significantly to the rise.

Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent

Bharti Airtel, Power Grid, Bajaj Finance, Nestle India and M&M were the top gainers on the BSE Sensex, while ITC Hotels, Bajaj Finserv, Adani Ports and Zomato were among the top losers

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,150 level, a premium of nearly 2 points from the Nifty futures’ previous close.