Indian stock indices, BSE Sensex and Nifty50 declined approximately 1 per cent intraday on Thursday as major companies like HDFC Bank, TCS and Reliance faced substantial selling pressure.

Top losers on the Nifty included Tata Steel, Zomato, L&T, Tata Motors and Adani Ports, while gainers were Nestle India, HUL, M&M, Kotak Mahindra Bank and Asian Paints

Stock Market LIVE today, Stock Market Today, Jan 9, 2025: The stock markets today are expected to open lower amid weakness in global markets. At 6:55 AM, GIFT Nifty index was trading around 66 points down at 23,714 level.

The S P BSE Sensex tanked 528.28 points to close at 77,620.21, while the NSE Nifty50 lost 162.45 points to end at 23,526.50.

The BSE Sensex and Nifty50, India’s key equity benchmarks, opened lower on Thursday. The BSE Sensex traded below the 78,000 mark, while the Nifty50 was under 23,650. At 10 am, the Sensex dropped by 235.

The S&P BSE Sensex tumbled 245.54 points to 77,902.95, while the NSE Nifty50 was down by 76.35 points to 23,612.60 as of 9:30 AM.

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Equity benchmark Sensex crashed over 600 points in intraday trade, while the Nifty 50 came closer to 23,500 on the downside.

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar

Indian benchmark indices Nifty and Sensex staged a modest recovery on Wednesday, closing slightly in the negative as a rebound in IT stocks provided support. Gains in Reliance Industries lifted the oil and gas sector,

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,721 level, a discount of nearly 60 points from the Nifty futures’ previous close.