The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,990 level, a discount of nearly 2 points from the Nifty futures’ previous close.

The BSE Sensex lost 450.94 points or 0.57% to close at 78,248.13. Likewise, Nifty slipped 168.50 points or 0.71% to 23,644.90.

On Sensex, Adani Ports, Zomato, UltraTech Cement, and Axis Bank emerged among the gainers. On the other hand, HCL Tech, Infosys, M&M, Maruti, and Titan remained among the laggards for the day

Highlights: In the broader markets Nifty Midcap100 index ended higher by 0.37 per cent, while Nifty Smallcap100 index settled down by 0.62 per cent

The Nifty Pharma index closed 1.01 per cent at 23241.15. Benchmark NSE Nifty50 index ended down 168.5 points at 23644.9, while the BSE Sensex stood 450.94 points at 78248.13. Amon

The Indian stock market opened lower on Monday as selling was seen in the auto, IT, PSU bank, financial service, FMCG, media, energy and metal sectors on Nifty in early trade.

The Sensex closed unchanged at 78,472, while the Nifty edged 23 points higher to settle at 23,750. This marks the third consecutive series of losses for the markets, the first such instance in 21 months,

January typically tends to be a slower month according to the past decade’s seasonality, with Nifty often closing in the red 70 per cent of the time.

AM(IST)on Monday in an upbeat market. Balkrishna Industries Ltd.(up 0.36 per cent), Eicher Motors Ltd.(up 0.32 per cent) and Ashok Leyland Ltd.(up 0.07 per cent) were among the top gainers. TVS Motor Company Ltd.