The BSE Sensex fell 423.49 points or 0.55 per cent, closing at 76,619.33, after dropping as low as 76,263.29 during the trading session. The NSE Nifty ended lower by 108.60 points or 0.47 per cent at 23,

Asian equities also dropped in early trading, influenced by uncertainty in the US market. Investors are awaiting key Chinese economic data, including fourth-quarter growth figures

Stock Market in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results

BSE Midcap and Smallcap indices ended flat. Among sectors, IT and Bank indices shed 2 percent each, while oil & gas, power, FMCG, PSU, capital goods, realty and metal indices added 1 percent each.

The S&P BSE Sensex was down 430.02 points to 76,612.80, while the NSE Nifty50 tumbled 121.05 points to 23,190.75 as of 9:22 AM.

The biggest Sensex gainers included Adani Ports, SBI, Bajaj Finserv, Airtel and Tata Motors while losers were HCL Tech, Nestle Infosys, HUL and ITC

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

The fall in IT stocks was a result of Infosys’ shares falling over 5.3% after the company reported its Q3 results yesterday. The drop, however, came as a surprise as the company raised its revenue forecast.

Highlights:Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively

The stock market plunged into the red on Friday, January 17, as IT, private banks, and auto stocks fell. At 9:20am, the benchmark BSE Sensex was down by 451 points or 0.59%, reaching 76,591.82. The broader NSE Nifty was down by 140.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.