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.

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.

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.

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

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.

Motital Oswal Financial Services remains optimistic about India's growth story in the medium to long run. It remains biased towards large-caps with a 76% allocation. Add Shriram finance: To capitalize on its diversified AUM mix, enhanced cross-selling opportunities

Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

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.

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

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.

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,