The Nifty 50 index needs to sustain above the 23,800 level and thereafter, the significant 200 period MA of 23,920 level to improve the bias, says expert.

Indian benchmark indices Nifty and Sensex started the trading session on a weak note on Wednesday, impacted by a sharp decline in IT and metal stocks. However, gains in pharma and energy stocks helped offset the losses to some extent.

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.

TCS, Reliance Industries, ITC, Asian Paints and HCL Tech were the top gainers on the BSE Sensex. Major laggards were Adani Ports, Ultratech Cement, L&T, Sun Pharma and HDFC Bank

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 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,

The stock market ended trading on Tuesday in green, managing to recover some of the losses taken in the last trading session. The key equity benchmarks, Sensex and Nifty, closed the session higher. The BSE Sensex settled for the day more than 200 points higher at 78,

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.