The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,860 level, a discount of nearly 80 points from the Nifty futures’ previous close.

The Nifty 50 closed below the 22,800 mark for the first time since June 5, 2024, settling at 22,796, down 117 points. The Sensex also slipped 425 points to 75,311, while the Nifty Bank dropped 353 points to 48,

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

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.