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

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

BSE Midcap and Smallcap indices ended flat. Among sectors, IT and Bank indices shed 2 percent each, while oil & gas, power, FMCG, PSU, capital goods, realty and metal indices added 1 percent each.

The BSE benchmark surged 318.74 points or 0.42 per cent to reach 77,042.82, after touching an intraday peak of 77,319.50, marking a rise of 595.42 points or 0.77 per cent.

Asian equities also dropped in early trading, influenced by uncertainty in the US market. Investors are awaiting key Chinese economic data, including fourth-quarter growth figures

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

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

The stock market plunged into the red on Friday, January 17, as IT, private banks, and auto stocks fell. At 9:20am, the benchmark BSE Sensex was down by 451 points or 0.59%, reaching 76,591.82. The broader NSE Nifty was down by 140.

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.

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.