Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in opening trade on Friday. While BSE Sensex was down oner 450 poi

Asian equities also dropped in early trading, influenced by uncertainty in the US market. Investors are awaiting key Chinese economic data, including fourth-quarter growth figures

BSE Midcap and Smallcap indices ended flat. Among sectors, IT and Bank indices shed 2 percent each, while oil & gas, power, FMCG, PSU, capital goods, realty and metal indices added 1 percent each.

The BSE benchmark surged 318.74 points or 0.42 per cent to reach 77,042.82, after touching an intraday peak of 77,319.50, marking a rise of 595.42 points or 0.77 per cent.

The fall in IT stocks was a result of Infosys’ shares falling over 5.3% after the company reported its Q3 results yesterday. The drop, however, came as a surprise as the company raised its revenue forecast.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.

Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in opening trade on Friday. While BSE Sensex was down oner 450 points, Nifty50 was below 23,200.

In another rangebound session, the Indian market closed on a positive note, extending its winning streak for the third consecutive day on Thursday, driven by positive cues such as the Gaza ceasefire deal,