The BSE Sensex was trading at 1,048.90 points ( 1.36 per cent) at 76,330.01 and Nifty lost 314.15 points (1.34 per cent) to trade at 23,117.35, on Monday. Midcap and Smallcap indices plunged 4 per cent each.

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.

On Monday, the BSE Sensex was trading at 76,444.80, down 934.11 points or 1.21 per cent. Nifty at 23,104, down 327.50 points or 1.4 per cent. Midcap and Smallcap indices plunged 4 per cent each.

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.