BSE Sensex and Nifty50, the Indian equity benchmark indices, resumed their downtrend on Thursday. While BSE Sensex was below 76,500, Nifty50 was near 23,150.

ITC Ltd's hotel arm, ITC Hotels, is set to list on the bourses today. ITC decided to demerge its hotel business into a separate listed entity to unlock shareholder value

Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent

Zomato, Tata Motors, Infosys, Ultratech Cement and Tech M were the top gainers on the Sensex. On the other hand, ITC Hotels, Bharti Airtel, Maruti Suzuki, Asian Paints, and ITC were the biggest losers

The stock market opened in the red as trading began on Thursday, January 30, 2025, with consumer durables, auto, and IT stocks falling the most. At 9:20 am IST, the benchmark BSE Sensex was down by 75.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,150 level, a premium of nearly 2 points from the Nifty futures’ previous close.

Indian benchmark indices opened flat on Thursday, tracking the subdued movement of Asian markets, as the US Federal Reserve kept interest rates unchanged and offered little insight into future rate cuts.

The Indian stock market closed Wednesday's trading session on a positive note with benchmark indices rallying ahead of the monthly expiry and the upcoming Union Budget session. The stock market had seen a positive movement on Tuesday also.