Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in opening trade on Friday. While BSE Sensex was down oner 450 poi

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.

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.

Domestic frontlines Nifty 50 and Sensex extended their rout to the afternoon session on January 17, trading with sharp cuts as the optimism from the past three sessions waned. Investors rushed to take profits off the table following the three-day technical pullback, as the bearish sentiment held strong.

At 11.30 am, the BSE Senex was down 619.32 points or 0.80 per cent at 76,423.50. The 50-pack NSE Nifty stood at 23,155.15, down 156.65 points or 0.67 per cent.

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

Analysts recommend a cautious "sell-on-rise" approach, citing persistent uncertainties ranging from lacklustre Q3 earnings and the upcoming Union Budget to global pressures stemming from U.S. trade policies under President Trump.

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.