The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,583 level, a discount of nearly 63 points from the Nifty futures’ previous close.

The BSE Sensex was trading 161.87 points or 0.21 per cent lower at 77,458.34. Nifty stood at 23,448.55, down 77.95 points or 0.33 per cent. Midcap and smallcap indices fell up to 1.8 per cent.

Indian benchmark indices are trading lower at noon. Both Nifty and Sensex are down 0.6%. The benchmark Nifty 50 will see volatility on Thursday's weekly expiry.

The S&P BSE Sensex climbed 227.35 points to 77,847.56 by 11:39 am, while the NSE Nifty50 rose 51.20 points to 23,577.70. Despite the recovery, broader market indices remained in negative territory, reflecting persistent volatility on Dalal Street.

The Indian market closed lower on January 10 after a highly volatile session, with the Nifty falling below 23,350. The decline was driven by broad-based selling across sectors, except for IT stocks, which surged following TCS's better-than-expected Q3 results.

With today's fall, Sensex and Nifty have entered in a correction phase. From its 52-week high of 85,978.25 (touched in September 2024), Sensex has crashed 8,599.34 points or 10 per cent. Likewise, the Nifty 50 index has fallen 2,

Benchmark indices Nifty and Sensex failed to maintain their early momentum on Friday, slipping into the red for the third consecutive session as 12 out of 13 sectoral indices saw losses, primarily due to declines in public sector banks and metals.

The IT index was in the green, mostly because of Tata Consultancy Services which published its Q3 earnings, showing a net profit rise of 11.59% to ₹12,380 crore