Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season star

Indian equities extended their winning streak for the second consecutive session on Thursday (January 2), with the Sensex closing 1,436 points higher at 79,944 and the Nifty advancing by 446 points to 24,

Sensex’s average gains in odd years stand at a robust 26.56%, more than double the modest 11.20% average gains in even years. Similarly, the median Sensex return in odd years is 18.74%, significantly higher than the 8.

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday. While BSE Sensex went below 79,400, Nifty5

Indian stock market benchmarks, Sensex and Nifty 50, faced significant losses on January 3 due to profit booking and a strengthening US dollar. The Sensex dropped over 700 points, while the Nifty 50 fell 200 points amid selling pressure across several sectors.

Falling IT, pharma, healthcare, and bank stocks caused the stock market to crash during the later trading hours