Stock Market Live Updates: Nifty and Sensex opened on a weak note on Thursady. Earlier, Gift Nifty indicated a weak opening of the benchmark indices.

On Wednesday, the benchmark indices witnessed a sharp decline in their valuation with IT, FMCG stocks taking the hit. Auto anciliary stocks remained strong.
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Stock Market Live: Gift Nifty Indicates Weak Start of The Indian Benchmark Indices
"Indian equities extended its losing streak for the fourth consecutive session, with Nifty 50 declining by 113 points to close at 25,057 (down 1.4% in the last 4 days). Market sentiments were weighed down by continued concerns over U.S. visa policy changes and persistent FII selling. The weakness was broad-based, with Nifty Midcap100 and Smallcap100 falling by 1% and 0.7% respectively. Sectorally, Realty was the biggest laggard, down 2.5%. Nifty Auto declined by 1.2% on profit booking, while IT, banking and financial services were down between 0.6-1% each. Meanwhile, Nifty FMCG was the sole index ending in the green, up 0.2%. Shares of ship-building companies were in focus as the Union Cabinet approved Rs69,725 crore plan to revitalise India's shipbuilding and maritime sector," noted Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
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