The GIFT Nifty futures were trading at 23,809.5 as of 08:03 a.m, indicating the benchmark Nifty 50 will open above Friday’s close of 23,587.5. Other Asian shares rallied after data on Friday showed personal consumption expenditures (PCE) price index rose 0.1% in November after an unrevised 0.2% gain in October. The MSCI Asia ex-Japan index was up 1.1%.