The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,721 level, a discount of nearly 60 points from the Nifty futures’ previous close.

The Indian stock market is likely to open on a cautious note as indicated by the GIFT Nifty, which is down by 20 points in early trade currently at 23,703. The muted sentiment comes amid a broader sell-off across Asian markets,

On January 7, the Indian stock market benchmarks, Sensex and Nifty 50, gained even as HMPV virus fears persist.

India's domestic benchmark indices closed flat on Wednesday amid muted global cues, as selling was seen in auto, PSU Bank, financial service, pharma, metal and realty sectors.

Indian stock indices ended Tuesday marginally higher, recovering from Monday's losses sparked by HMPV concerns. Sensex rose 234.12 points and Nifty climbed 91.85 points. Market sentiment remains cautious with upcoming corporate earnings and the Union Budget in focus,

Benchmark equity indices Sensex and Nifty witnessed a sharp decline of 1.6% on Monday, driven by a broad-based selloff. Investor sentiment was dampened by concerns over slow third-quarter earnings growth and a continued outflow of foreign capital,