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.

Stock Market LIVE today, Stock Market Today, Jan 9, 2025: The stock markets today are expected to open lower amid weakness in global markets. At 6:55 AM, GIFT Nifty index was trading around 66 points down at 23,714 level.

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.

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,

HSBC has downgraded Indian equities to ’Neutral’ due to high valuations and slowing growth, adjusting its Sensex target for 2025 to 85,990. Despite robust structural factors, earnings growth forecasts have been cut significantly,

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

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,