Benchmark NSE Nifty50 index ended down 162.46 points at 23526.5, while the BSE Sensex stood 528.28 points at 77620.21. Among the 50 stocks in the Nifty index, 16 ended in the gree

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.

Indian benchmark indices are trading lower at noon. Both Nifty and Sensex are down 0.6%. The benchmark Nifty 50 will see volatility on Thursday's weekly expiry.

Indian equities on the F&O expiry day opened atfer a weak close in the previous session. At the start, Nifty traded weak by 0.21 per cent or 49.65 points at 23,639.3, while the Sensex was down 0.28 per cent or 215.

TCS results will give an indication of what is in store for the IT sector. The strength of the US economy and the depreciation of rupee will be tailwinds for the IT sector.

Top losers on the Nifty included Tata Steel, Zomato, L&T, Tata Motors and Adani Ports, while gainers were Nestle India, HUL, M&M, Kotak Mahindra Bank and Asian Paints

This also comes at a time when the rupee hit an all-time low, though its drop was attributed to both volatile domestic equities and a strengthened US dollar