The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 23,620 level, a discount of nearly 38 points from the Nifty futures’ previous close.

Indian stock markets opened slightly lower on Thursday, continuing a downward trend driven by corporate earnings downgrades, higher inflation, and foreign fund outflows. Analysts suggest the downturn might persist until February,

Benchmark Indian equity indices BSE Sensex and Nifty 50 opened slightly higher on Thursday, amid mixed global cues.

The S P BSE Sensex ended 984.23 points lower at 77,690.95 at the closing bell, while the NSE Nifty50 fell 324.40 points to settle at 23,559.05.

The equity markets continued to show weakness on Wednesday as the benchmark indices closing in red, with Sensex declining 984 point to settle at 77,690 while Nifty at 23,559. However, Swiggy at its debut settled at 456,

While the headline indices will be treated in bear grip if they fall below 20% from the peak, retail investor portfolios are already reflecting signs of a bear market as more than 900 stocks above Rs 1,

The BSE Sensex was trading at 78,295.70, down 379.48 points, or 0.48 per cent. Smallcap and midcap indices fell 1.77 per cent and 1.41 per cent, respectively.