Indian markets declined for the second consecutive session, ending the week on a negative note on Friday. The 30-share Sensex slipped 241.30 points or 0.31 per cent

The BSE Sensex was trading 161.87 points or 0.21 per cent lower at 77,458.34. Nifty stood at 23,448.55, down 77.95 points or 0.33 per cent. Midcap and smallcap indices fell up to 1.8 per cent.

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 Sensex fell 51 points to close at 78,149, while the Nifty slipped 19 points to settle at 23,689. However, broader market indices underperformed significantly, with the midcap index tumbling 599 points to 56,

HDFC Bank Ltd shares were down 1.56 per cent at Rs 1,722 after the Q3 update. December was the third consequent quarter of sequential corporate loan decline as the banks continued to choose profitability over balance sheet growth.

The S&P BSE Sensex climbed 227.35 points to 77,847.56 by 11:39 am, while the NSE Nifty50 rose 51.20 points to 23,577.70. Despite the recovery, broader market indices remained in negative territory, reflecting persistent volatility on Dalal Street.

Sensex’s average gains in odd years stand at a robust 26.56%, more than double the modest 11.20% average gains in even years. Similarly, the median Sensex return in odd years is 18.74%, significantly higher than the 8.

Except Nifty IT, all the sectoral gauges on the National Stock Exchange fell, with the Nifty Media, Realty and PSU Bank falling the most. The broader markets underperformed the benchmark indices as the BSE MidCap and SmallCap ended 2.13% and 2.4% down respectively.

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.

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.