Stock market today: Nifty 50, Sensex slide for 3rd day amid concerns over earnings slowdown in Q3
The sell-off in Indian markets has extended to a third consecutive trading session on Friday, January 10, as it appeared bears took full control of the market, leaving little room for bulls to push the indices higher.
Both the Nifty 50 and Sensex ended in the red. While there was some support from the entire pack, the weak contribution from the financials and other heavyweights dragged the markets lower, also pushing the indices to record their worst weekly performance in 2025.
The Nifty 50 ended the session with a drop of 0.40%, settling at 23,431 points, while the Sensex wrapped up the session with a drop of 0.31%, at the 77,378 level. It was the mid- and small-cap stocks that continued to be hammered by investors sharply in Friday’s session.
Meanwhile, recent data showed that every time the frontline indices make a comeback, closing with over 0.5% gains, it is followed by a session of strong selling, which indicates that investors appear to be booking profits at higher levels.
On January 2, the Nifty 50 and Sensex both closed with gains of nearly 2%, but in the following session, the momentum quickly worsened as they finished 5 out of 6 trading sessions in the red, losing nearly 3% each.
In earlier instances, too, the indices behaved similarly. For instance, on December 13, they both gained nearly 1% but ended the following 4 out of 5 sessions in the red.
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