The Nifty 50 ended the session with a drop of 0.47% at 23,203 while the Sensex closed at 76,624, marking a 0.54% fall from the previous close. The Nifty Midcap 100 index rose 0.23% to 54,607, while the Nifty Smallcap 100 index concluded the day with a gain of 0.

Back in November, news of Donald Trump's return to the White House sent the Sensex soaring by over 900 points, sparking optimism across Dalal Street.

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

Nifty on the weekly chart formed a small bullish candle with minor upper and lower shadows. Technically, this weekly market action signals the formation of a type of candle pattern. Normally a doji pattern after a reasonable weakness could be an impending reversal signal post-confirmation.

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.

Markets in India are expected to open higher following a strong showing on Wall Street after a lower-than-expected core inflation reading there

Infosys, Axis Bank, Kotak Mahindra Bank, M&M and TCS were among the major losers on the Sensex, while Zomato, Reliance Industries, Nestle India, Tata Steel and Asian Paints emerged as the top gainers

The fall in IT stocks was a result of Infosys’ shares falling over 5.3% after the company reported its Q3 results yesterday. The drop, however, came as a surprise as the company raised its revenue forecast.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: