The Budget for FY26 will be presented on February 1, and Rahul Ghose, CEO of Hedged.in in an interview with GoodReturns.In said that the market will exhibit heightened volatility in the weeks leading up to the announcement.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,583 level, a discount of nearly 63 points from the Nifty futures’ previous close.

The Indian stock market opened flat on Friday as buying was seen in the IT sector after strong Q3 results of Tata Consultancy Services (TCS), which saw its stock jumping 3.7 per cent at Rs 4,186 apiece in early trade.

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 the dawn of the Q3 FY25 results, the Indian stock market opened lower on Thursday as selling was seen in the auto, IT, PSU bank and financial service sectors.

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,

The Nifty 50 ended the session with a drop of 0.54%, settling at 23,442 points, while the Sensex wrapped up the session with a drop of 0.40%, at the 77,312 level. It was the mid- and small-cap stocks that continued to be hammered by investors sharply in Friday's session.

Benchmark indices Nifty and Sensex failed to maintain their early momentum on Friday, slipping into the red for the third consecutive session as 12 out of 13 sectoral indices saw losses, primarily due to declines in public sector banks and metals.