The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,425 level, a discount of nearly 50 points from the Nifty futures’ previous close.

Stock Market LIVE Updates | The blue-chip indices Sensex and Nifty50 erased day’s gains to drop over 700 points; Nifty 50 slips below 25,150. The blue-chip indices traded lower for the fifth consecutive session on Friday,

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025.

All the sectoral indices, barring the metals ended in the red. Nifty Auto, Nifty FMCG, Nifty Realty, Nifty Private Bank fell the most, with cuts exceeding up to 4.5%. The stock market crash today resulted in the decline in market capitalisation of all listed companies on BSE by around ₹10 lakh cr.

Concerns over the escalating conflict in the Middle East have raised fears of potential disruptions to crude supplies from the top oil-producing region, pushing prices higher—a situation that impacts net importers like India.

Nifty is trading at 21.5 times its one-year forward earnings, which is above its historical average of 20.4 times. India is being perceived as relatively expensive market compared with other emerging market peers.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 25,720 level, a discount of nearly 255 points from the Nifty futures’ previous close.

India stocks were lower after the close on Thursday, as losses in the Real Estate, Capital Goods and Auto sectors led shares lower. At the close in NSE, the Nifty 50 fell 2.12%, while the BSE Sensex 30 index lost 2.