The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 22,960 level, a discount of nearly 12 points from the Nifty futures’ previous close.

The benchmarks, Nifty and Sensex, saw wild swings during the session, as attempts at recovery faced selling pressure.

The Nifty 50 and Sensex indices extended their losing streak on February 17, marking the ninth consecutive session of declines.