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.

Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68% to finish at 77,620.21.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,721 level, a discount of nearly 60 points from the Nifty futures’ previous close.

The Indian equity market continued its losses from the previous session on Thursday, with the Nifty closing below 23,550 due to broad-based selling, except in the FMCG sector. Despite mixed global cues,

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar

On January 8, strong backing from Reliance Industries prevented major indices from significant declines. Oil and gas stocks surged due to rising crude prices, while support from the IT sector and ITC share rebounds helped the indices recover to end the session flat.

The Indian stock market began 2025 on a mixed note, with the benchmark indices Sensex and Nifty oscillating between gains and sharp losses during the first week. From a promising rally on January 2 to a dramatic plunge on January 6,