The trends on Gift Nifty also indicate a higher start for the Indian benchmark index. The Gift Nifty was trading around 23,290 level, a premium of nearly 23 points from the Nifty futures’ previous close.

LIVE: Markets in India are likely to remain cautious ahead of President-elect Donald Trump's inauguration on Monday, even as investors keep an eye on companies reporting results

Stock Market LIVE Updates | The markets remained in a consolidation phase, dropping almost one percent as the corrective trend continued last week. Ongoing selling by FIIs, mixed corporate earnings, and a significant increase in crude oil prices negatively affected investor sentiment.

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.

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

The Sensex hit an intraday low of 76,535.24 during the trading session, and was down 744.23 points to 76,634.67 at around 1:01 pm. At the same time, the Nifty50 was trading 246.80 points lower at 23,184.

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 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.

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.

Indian equity benchmarks, BSE Sensex and Nifty50, saw a sharp decline in opening trade on Friday. BSE Sensex fell over 450 points, while Nifty50 dropped below 23,200. At 10 am, the Sensex dropped by 363.