The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 26,340 level, a premium of nearly 30 points from the Nifty futures’ previous close.

Trent Limited shares surged over 4% to RS 7,939 in morning trade on September 26, marking a bullish start on the bourses. The stock’s rise followed Citi’s initiation of coverage with a ‘buy’ recommendation, citing strong growth triggers ahead for the company.

Following a two-day decline, the Nifty FMCG index bounced back, increasing by 0.5 per cent. ITC, Nestle, and Tata Consumer led the recovery, each advancing by about 1 per cent