BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Friday. While BSE Sensex dropped over 500 points, Nifty50 went below 22,800.

The trends on Gift Nifty also indicate a weak negative for the Indian benchmark index. The Gift Nifty was trading around 22,900 level, a discount of nearly 64 points from the Nifty futures’ previous close.

The stock market fell into the red for the third consecutive time this week after opening on Wednesday, February 19, 2025

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex was down over 300 points, Nifty50 was below 22,900.

Indian markets recovered from early losses, with Nifty 50 down 0.06% and Sensex up 0.04%. The broader market underperformed, as Nifty Midcap 100 fell 0.20% and Smallcap 100 dropped 1.59%. Investors are adopting a buy-on-dips approach.