Citigroup Inc. is anticipating a 10th straight year of gains for India’s $5 trillion stock market, driven by a recovery in economic growth as well as robust corporate earnings.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,770 level, a discount of nearly 25 points from the Nifty futures’ previous close.

Nifty Smallcap 100 index ending the session with a deep cut of 1.65% at 18,365, while the Nifty Midcap 100 index finished the session with a drop of 1.05%, closing at 56,270 level

Stock Market LIVE Updates | Indian stocks experienced heavy selling due to worries about the HMP Virus outbreak and a significant decline in banking stocks following disappointing quarterly results.

Despite the shocks of the HMPV virus dulling, the Indian stock market continued to trade volatile this week, with Sensex and Nifty falling by nearly a per cent on.

Indian benchmark indices Nifty and Sensex staged a modest recovery on Wednesday, closing slightly in the negative as a rebound in IT stocks provided support. Gains in Reliance Industries lifted the oil and gas sector,

Zomato Ltd led the Sensex fall, declining 2.42 per cent to Rs 246.40. The BSE m-cap declined3.33 lakh crore to Rs 4,38,41,831 crore against Rs 4,41,75,150 crore on Tuesday.

In 2024, the Indian stock market saw the BSE Sensex rise 8.17% and NSE Nifty50 climb 8.8%, despite challenges like foreign investor selling and geopolitical tensions. Strong macroeconomic stability and earnings growth are expected to support market performance in the coming years.

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.