The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,495 level, a discount of nearly 44 points from the Nifty futures’ previous close.

IBD 50 stock Atour Lifestyle Holdings ATAT jumped 5.5% and broke out of a newly formed flat base with a 34.23 buy point. Shares are in the buy zone up to 35.94. The China-based hotel stock reached a record high on the stock market today.