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.

The BSE Sensex fell 423.49 points or 0.55 per cent, closing at 76,619.33, after dropping as low as 76,263.29 during the trading session. The NSE Nifty ended lower by 108.60 points or 0.47 per cent at 23,

Stock Market LIVE Updates | On Thursday, benchmark indices remained in positive territory, fueled by optimistic investor sentiment after the release of mild US inflation data, which sparked hopes of a possible rate cut by the Fed.

The Indian stock market snapped its three consecutive sessions winning streak on Friday, with Sensex and Nifty registering a 1% decline each. The performance turned sour because of extreme selling pressure in banking stocks.

The S P BSE Sensex ended 423.49 points lower at the closing bell, whil the NSE Nifty50 settled 108.60 points lower at 23,203.20.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 23,311.80, while Sensex ended at 77,042.82. Overnight, Wall Street indices ended lower. Asian stocks were also in the red in early trade today.

The Infosys stock plunged 5.71 per cent to hit a low of Rs 1816.10 on BSE. The stock is up 10 per cent in the past one year. Axis Bank shares fell 5.31 per cent to Rs 985.

The Indian market ended lower, breaking a three-day winning streak, with the Nifty closing around 23,200. This decline was driven by selling in IT and banking stocks, despite strong quarterly results from sector heavyweights Infosys and Axis Bank for the December quarter.

The Sensex slipped 423.49 points, or 0.55%, to close at 76,619.33. Likewise, Nifty 50 declined 108.60 points, or 0.47%, to end at 23.203.20.