India's shares opened higher on Friday, driven by gains in financial stocks, as markets showed modest upward movement amid a lack of significant catalysts toward the year-end. By 9:16 am, the Nifty 50 index had risen to 23,

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.

The benchmark stock indices resumed its declining trajectory on Tuesday after a one-day rise. The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.