Sensex and Nifty 50 fell over a percent each amid heavy selling across the board. Broader markets also reeled under selling pressure as the Nifty Midcap 100 and the Nifty Smallcap 100 indices declined over 2% each.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,130 level, a premium of nearly 38 points from the Nifty futures’ previous close.

The Sensex platform was painted in red. Titan, ICICI Bank, and Bajaj Finance remained the only exceptions in green. On the other hand, the major laggards included Tata Steel, Kotak Bank, and M&M.

Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season star

Even as the Indian stock market benchmark Sensex crashed over 700 points, or nearly 1%, almost 200 stocks hit their fresh one-year highs in intraday trade on the BSE on Friday, January 3. HCL Tech, Mahindra and Mahindra,

Falling IT, pharma, healthcare, and bank stocks caused the stock market to crash during the later trading hours