The Indian stock market is facing a downward trend today, with the advance decline ratio across BSE500 at 0.31x. The SMLCAP and MIDCAP caps are falling by 0.9% and 1.09% respectively, while the BSE100 caps are facing a significant decline of 1.94%. This indicates a bearish sentiment in the market.

Among the top gainers in the BSE500 index are Netwrk.18 Media, TV18 Broadcast, and Rail Vikas, with gains of 9.40%, 7.78%, and 7.70% respectively. On the other hand, Indian Energy Ex, HDFC Bank, and SAIL are the top losers, with declines of 10.24%, 8.46%, and 5.36% respectively.

Small caps are trading flat today, while the top large cap gainer is ICICI Lombard with a gain of 5.86%. The top mid cap gainer is I R F C with a gain of 5.14%, and the top small cap gainer is Ganesh Housing with a significant gain of 14.19%. On the other hand, HDFC Bank, SAIL, and Indian Energy Ex are the top losers in their respective categories.

The Sensex has opened 1,129.84 points lower and has further fallen by 498.17 points to 71,500.76, which is a decline of 2.23%. The Sensex is currently 2.69% away from its 52-week high of 73,427.59. However, it is trading above its 50-day moving average (DMA), with the 50 DMA trading above the 200 DMA. This indicates a mixed sentiment in the market.

In terms of upcoming results, Poonawalla Fin, Jindal Stain., and IndusInd Bank are expected to announce their results on 18th January 2024. In terms of sector performance, only 4 sectors are advancing today while 36 sectors are declining. The top losing sector is NIFTYFINANCE with a decline of 4.28%, while the top gaining sector is NIFTYIT with a gain of 0.64%. This indicates a negative sentiment in the market, with the finance sector being the most affected. Investors should keep a close eye on the market and make informed decisions based on the current trends.