Gift Nifty was trading around 23,775 level, a premium of nearly 55 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

Broad-based buying across sectors kept the market breadth firmly in favour of advances, with midcap stocks outperforming their larger counterparts. The Nifty added 92 points to close at 23,708, while the midcap index gained 502 points to end at 56,

Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

On January 7, the Indian stock market benchmarks, Sensex and Nifty 50, gained over half a per cent in intraday trade even as HMPV virus fears persist.

Stock Market LIVE Updates | After a three-day rally, the markets paused on Friday, dropping more than half a percent. Analysts noted that this pullback seemed like a typical breather following the recent rebound and could continue until the Nifty surpasses the next resistance level at 24,