The performance comes ahead of the Budget 2025 announcement, with Q3 earnings, foreign investors flow and global trends emerging as key triggers currently. On January 14, 2025, the market is open despite the public holiday in many states due to the celebration of Makar Sankranti 2025.

Zomato led the Sensex losers, falling 1.75 per cent to Rs 238.75. Mahindra & Mahindra, Adani Ports, HDFC Bank, Axis Paints, Tech Mahindra, Tata Steel and ITC fell over 1 per cent each.

Adani Enterprises, Trent, and BPCL among others fell up to 6 per cent on NSE. Nifty Realty, Metal, Consumer Durables bled among sectors falling up to 6 per cent. The BSE MidCap index plunged 4.18 per cent, while the BSE SmallCap index dropped 4.03 per cent.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,330 level, a discount of nearly 170 points from the Nifty futures’ previous close.

The Indian market closed lower on January 10 after a highly volatile session, with the Nifty falling below 23,350. The decline was driven by broad-based selling across sectors, except for IT stocks, which surged following TCS's better-than-expected Q3 results.

With today's fall, Sensex and Nifty have entered in a correction phase. From its 52-week high of 85,978.25 (touched in September 2024), Sensex has crashed 8,599.34 points or 10 per cent. Likewise, the Nifty 50 index has fallen 2,

Indian stock market benchmarks Sensex and Nifty 50 fell 0.80% in intraday trade on January 9, marking the second consecutive session of decline due to weak global cues and rising US dollar and bond yields.