The Nifty 50 tumbled 255 points from the day’s high to end the session 0.49% lower at 23,092, concluding the week with a drop of 0.48%. Likewise, Sensex wrapped up the session with a drop of 0.43%, plummeting 795 points to end at 76,

The stock market opened in the green as trading began on Friday, January 24, with oil and gas, metal, mid and small cap financial services stocks falling the most. At 9:20am, the benchmark BSE Sensex was up by 220.

In the next week, it is believed that Indian stocks consolidation phase is in the final stage, with resilience of large-cap stocks indicating a positive sign. Investors are guided to remain patient and adopt a accumulating strategy.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,137 level, a discount of nearly 60 points from the Nifty futures’ previous close.

The Sensex rose 115 points to close at 76,520, while the Nifty added 50 points to end at 23,205, supported by gains in stocks like UltraTech Cement, M&M, and Sun Pharma. Broader markets outperformed,

Indian benchmark indices extended the selloff on Tuesdays and are poised to close at the lowest level since the June crash. Selloff in Oil and Gas stocks and banks led the declines in the benchmark index. Nifty 50 index fell below 23,000 for the first time since June 7, 2024, and Sensex fell nearly 1,300 points on Tuesday.

Indian stock market witnessed huge buying sentiment on Friday, taking Sensex higher by 466 points to even near 77,000 mark. Its counterpart Nifty 50 also jumped by nearly 142 points to near 23,350 levels.