The broader markets were not spared from the bearish sentiment, as both the Nifty Smallcap100 and Nifty Midcap100 indices closed lower. The Nifty Smallcap100 slipped by 0.93 per cent, reflecting selling pressure in smaller companies,

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.

Benchmark equity indices Sensex and Nifty witnessed a sharp decline of 1.6% on Monday, driven by a broad-based selloff. Investor sentiment was dampened by concerns over slow third-quarter earnings growth and a continued outflow of foreign capital,