Indian stock market, Jan. 9 -- Both market indices - Sensex and Nifty - are likely to open on a cautious note on Friday, following a sharp sell-off in the stock market on the previous day.

Early signs from the Gift Nifty suggested a slightly positive opening, with the index trading at 26,002.5, up around 35 points or 0.13% from its previous close.

On Thursday, the benchmark indices Sensex and Nifty experienced sharp, broad-based declines, following weak global market trends. The Sensex recorded its steepest single-day percentage drop in over four months, while the Nifty 50 fell below the 25,900 level.

Heavy selling pushed the 30-share Sensex down 780 points, or 0.92%, closing at 84,180.96. According to Capitalmarket data, this was the ...