Closing Bell: Market a sea of red again; Nifty below 25,700, Sensex tumbles 605 pts

Indian benchmark indices ended lower on the fourth consecutive session on January 9 with Nifty below 25,700. At close, the Sensex was down 604.72 points or 0.72 percent at 83,576.24, and the Nifty was down 193.55 points or 0.75 percent at 25,683.30.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Monday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Today, the Indian stock markets ended lower, extending the recent losing streak. The Nifty 50 fell about 0.75% to close near 25,683, while the Sensex declined 0.72% to around 83,576. Selling pressure was broad based, with more than 2,600 stocks ending in the red versus about 1,000 gainers, highlighting weak overall market sentiment and rising investor caution across sectors.

FIIs have been net sellers for four straight sessions, selling shares worth Rs 3,367 crore on January 8 alone. Total FII selling in January has already crossed Rs 5,760 crore. This persistent outflow has been driven by global concerns, especially rising geopolitical tensions and uncertainty around US-China trade relations. Reports of possible restrictions on Chinese firms participating in Indian government projects have also added to investor nervousness.

Despite the weak market, BHEL stood out as a positive. The company announced a large Rs. 5,400 crore order from Bharat Coal Gasification and Chemicals Limited for a coal gasification project in Odisha. This order is important as it marks the first commercial use of BHEL’s in-house gasification technology. Looking ahead, markets remain fragile. Investors are expected to stay cautious until FII selling eases, the rupee stabilizes, and global trade tensions reduce.

Nifty continued to slide down on Friday and closed the day lower by 193 points. After opening on a weak note, the market slipped into further weakness that continued for better part of the session. Minor recovery was seen towards the end and Nifty closed near the lows.

A long bear candle was formed on the daily chart with minor lower shadow. Technically, this market action indicates a sharp down trended movement in the market. A long bear candle was formed on the weekly chart that signals sharp reversal in the market after the consolidation movement of few weeks. This is not a good sign and indicates more weakness in the coming week.

The underlying trend of Nifty continues to be weak. A slide below the support of 25700 could open more decline down to 25400 in the coming week. Immediate resistance is placed at 25900.

Markets extended their decline on Friday, losing over half a percent in line with weak global cues. After an initial uptick, the Nifty soon came under sustained selling pressure and drifted lower through the session, eventually closing near the 25,683 level, down by around 0.75%. Selling was broad-based, with realty, financials and auto stocks emerging as key laggards.

The broader markets also remained under pressure, as the midcap and smallcap indices declined sharply in the range of 0.74% to 1.74%, reflecting heightened risk aversion and cautious participation across segments.

Market sentiment stayed subdued amid elevated geopolitical and global trade-related concerns, particularly renewed uncertainty around potential U.S. tariff actions and related Supreme Court developments. Persistent foreign institutional selling and weakness across broader risk assets further compounded the negative bias, while heavyweights also added to the downside pressure.

From a technical perspective, the decline has disrupted the short-term up move in the Nifty, with the index now retesting its medium-term support zone near the 100 DEMA around the 25,600 level. A decisive break below this could invite further pressure towards the 25,450 and 25,300 levels. On the upside, reclaiming the short-term moving average, i.e., the 20 DEMA around 26,000, may prove challenging. In the current environment, a selective approach with controlled position sizing and balanced exposure on both sides is advisable.

The Nifty has slipped further, moving lower from the 50 EMA, indicating increasing weakness. Bouts of selling pressure dragged the index to close at a several-day low. Market sentiment appears decisively negative. In the short term, the trend might remain weak, with potential downside towards 25,550–25,500. On the higher end, resistance is placed at 25,850.

After closing below its 50-day EMA in the previous session, Nifty Index drifted further lower and also confirmed a breakdown of its rising trendline on the daily chart, closing below the 25,700 level. The RSI has slipped below the 40 mark, signaling strengthening bearish momentum. Meanwhile, the DI– has crossed above DI+ on the ADX indicator, indicating that downside strength is beginning to dominate the trend. From its all-time high of 26,373 recorded on 5th January, the Nifty has now corrected about 2.62% over the last four trading sessions, highlighting the shift from consolidation to a short-term corrective phase.

On the sectoral front, Nifty Oil & Gas ended the day as the top sectoral gainer, followed by Nifty IT, which managed to close in the green. On the other hand, Nifty Realty and Nifty Auto emerged as the top two sectoral losers. With regards to stocks, Asian Paint & ONGC emerged as the top stock gainers amongst the Nifty pack while Adani Enterprises & NTPC emerged as the top two losers.

The Midcap index has slipped below its 50-day EMA and extended its weakness after forming a strong bearish candle in the previous session. The Smallcap index has corrected 3.8% over the last two sessions and has also closed below its previous swing low of 17,407, made on 30th December. This breakdown suggests that broader market participation is now turning risk-averse.

The market breadth deteriorated with the advance-decline ratio heavily skewed in the favour of bears at day’s close. A total of 414 stocks out of the Nifty 500 universe ended in the red. The selling was broad based and not just limited to few heavyweight counters.

Nifty View

Going ahead, for Nifty, the 100-day EMA zone of 25,600-25,550 will act as an immediate support. Any sustained move below the 25,550 level could lead to Index extending its weakness further down towards the 25,400 level, followed by 25,250. On the upside, the zone of 25,850-25,900, which coincides with the rising trendline zone, will act as an as immediate resistance.

Bank Nifty View

Bank Nifty closed below its 20-day EMA for the first time since 29th December, a sign that the short-term uptrend is losing steam. The RSI is trending lower, pointing to weakening momentum, while DI– is on the verge of crossing above DI+. If this crossover materializes, it would indicate that selling pressure is overtaking buying interest, increasing the risk of a deeper pullback in banking stocks.

Going ahead, for Bank Nifty, the rising trendline zone of 59,100-59,000 will act as an immediate support. Any sustained move below the 59,000 level could lead to Index extending its weakness further down towards the 58,500 level. On the upside, the zone of 59,500-59,600 will act as an as immediate resistance.

#1 Market snaps 2-week gaining streak, posts biggest weekly fall in 3 months

#2 BSE-listed companies erase market cap of more than Rs15 lakh crore this week

#3 Nifty falls nearly 2.5 percent, all Indices post losses with a cut up to 6 percent

#4 Nifty Bank posts losses but relatively outperforms, down 1.5 percent

#5 Midcap index falls in-line with benchmark, down over 2.5 percent

The Indian market remains in a consolidation phase due to weak global cues, rising global bond yields, and persistent FII outflows, all of which weigh on sentiment ahead of the positive Q3 earnings outlook. Domestic risk-off sentiment has intensified amid uncertainty surrounding US-India tariff negotiations and escalating geopolitical tensions.

Nevertheless, domestic GDP growth is expected to remain strong, and Q3 results should indicate a recovery led by midcaps, potentially stabilising investor sentiment. Despite these heightened geopolitical headwinds, the market is likely to trade within a range with a mixed bias.

Indian rupee ended lower by 14 paise at 90.16 per dollar on Friday against previous close of 90.02.

Indian benchmark indices ended lower on the fourth consecutive session on January 9 with Nifty below 25,700.

At close, the Sensex was down 604.72 points or 0.72 percent at 83,576.24, and the Nifty was down 193.55 points or 0.75 percent at 25,683.30. About 918 shares advanced, 2889 shares declined, and 131 shares unchanged.

Adani Enterprises, Shriram Finance, NTPC, ICICI Bank, Jio Financial were among major losers on the Nifty, while gainers were Asian Paints, ONGC, Bharat Electronics, HCL Technologies. Eternal.

BSE Midcap index shed 0.9%, while smallcap index fell 1.7%.

Among sectors, except IT, PSU Bank, Oil & Gas, all other indices ended lower with auto, FMCG, realty, consumer durables down 1-2 percent.

Indian Energy Exchange was quoting at Rs 138.95, down Rs 11.15, or 7.43 percent.

It has touched an intraday high of Rs 160.30 and an intraday low of Rs 137.50.

It was trading with volumes of 17,895,096 shares, compared to its five day average of 2,592,130 shares, an increase of 590.36 percent.

In the previous trading session, the share closed down 3.00 percent or Rs 4.65 at Rs 150.10.

The share touched a 52-week high of Rs 215.40 and a 52-week low of Rs 130.35 on 09 June, 2025 and 07 August, 2025, respectively.

Currently, the stock is trading 35.49 percent below its 52-week high and 6.6 percent above its 52-week low.

Market capitalisation stands at Rs 12,390.07 crore.

Glenmark Pharma was quoting at Rs 2,012.00, down Rs 66.30, or 3.19 percent.

It has touched an intraday high of Rs 2,078.90 and an intraday low of Rs 2,007.00.

It was trading with volumes of 7,968 shares, compared to its five day average of 16,245 shares, a decrease of -50.95 percent.

In the previous trading session, the share closed down 1.65 percent or Rs 34.80 at Rs 2,078.30.

The share touched a 52-week high of Rs 2,286.15 and a 52-week low of Rs 1,274.70 on 11 July, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 11.99 percent below its 52-week high and 57.84 percent above its 52-week low.

Market capitalisation stands at Rs 56,778.80 crore.

Net collections for the full calendar year 2025 have seen a dip compared to 2024. Small and Midcap schemes have seen a good traction despite muted performance during 2025. This shows more investors are now aware and are buying the dip.

Thematics have rightly seen a dip as the no. of NFOs in this space were marginal. Flexicap is now flexing it muscles with investors having faith in fund managers ability to swing between different market cap.

The collections have nearly doubled in last 1 year and also account for the largest chunk of the net collections of 2025.

#1 Wins Rs 5,400 crore coal gasification & raw syngas cleaning plant order, reaching 60 percent of FY26 orders

#2 BCGCL (JV Of CIL & BHEL) awards order for coal-to-ammonium nitrate

#3 Marking first commercial use of company’s proprietary PFBG Tech

#4 Moving from R&D to execution, 42-month execution, 60-month O&M

#5 Positive read-through post recent correction

The board of directors of the company in their board meeting held today approved the proposal for establishment of new downstream Fluorinated Chemical manufacturing facility with an installed capacity of 20,000 TPA which would be set up at the Company’s existing manufacturing facility located at Cuddalore. The total investment for the proposed plant would be around Rs.495 Crores which would be funded through a combination of equity and debt. The project is expected to be commissioned by November 2026.

Raising of funds by way of equity share capital for an amount aggregating to Rs. 500 crores in one or more tranches through Qualified Institutional Placement (QIP) or any other permitted mode or a combination, as may be deemed appropriate, subject to approval of the shareholders and statutory / regulatory approvals.

And sub-division of equity shares of the Company such that 1 Equity Share having face value of Rs 10 each to be sub-divided into 2 Equity Shares having face value of Rs 5 each, subject to Shareholders and statutory and regulatory approvals.

The Sensex was down 624.20 points or 0.74 percent at 83,556.76, and the Nifty was down 0.78 percent at 25,674.55. About 879 shares advanced, 2906 shares declined, and 129 shares unchanged.

Bharat Heavy Electricals was quoting at Rs 274.10, up Rs 1.80, or 0.66 percent.

It has touched an intraday high of Rs 285.50 and an intraday low of Rs 273.10.

It was trading with volumes of 2,918,827 shares, compared to its five day average of 1,190,480 shares, an increase of 145.18 percent.

In the previous trading session, the share closed down 10.34 percent or Rs 31.40 at Rs 272.30.

The share touched a 52-week high of Rs 305.85 and a 52-week low of Rs 176.00 on 07 January, 2026 and 03 March, 2025, respectively.

Currently, the stock is trading 10.38 percent below its 52-week high and 55.74 percent above its 52-week low.

Market capitalisation stands at Rs 95,443.36 crore.

The Board of Directors of Bata India on January 8, 2026, considered and approved introduction of a Voluntary Retirement Scheme (VRS) for all eligible workmen at the Bata Shatak Unit, Hosur.

Bata India was quoting at Rs 922.00, down Rs 5.25, or 0.57 percent.

It has touched a 52-week low of Rs 914.15.

It has touched an intraday high of Rs 934.35 and an intraday low of Rs 914.15.

Delta Pleasure Cruise Company (DPCCPL), a wholly owned subsidiary of the company, will discontinue its operations at The Zuri White Sands Goa, Resort and Casino, located at Pedda Varca Salcete, Goa, effective January 9, 2026.

Delta Corp was quoting at Rs 67.61, down Rs 0.90, or 1.31 percent.

It has touched an intraday high of Rs 68.21 and an intraday low of Rs 67.41.

It was trading with volumes of 45,199 shares, compared to its five day average of 44,916 shares, an increase of 0.63 percent.

Indian rupee erased all the opening gains and trading near day's low at 90.22 per dollar versus Thursday's previous close of 90.02.

Manappuram Finance was quoting at Rs 303.20, down Rs 6.15, or 1.99 percent.

It has touched an intraday high of Rs 312.30 and an intraday low of Rs 303.20.

It was trading with volumes of 48,033 shares, compared to its five day average of 125,360 shares, a decrease of -61.68 percent.

QIB – 0.25 times

NII - 11.60 times

Retail – 7.46 times

Employee Reserved - 0.68 times

Shareholder Portion - 7.89 times

Overall – 6.13 times

The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.

Ugro Capital was quoting at Rs 164.00, down Rs 1.10, or 0.67 percent.

It has touched an intraday high of Rs 166.45 and an intraday low of Rs 163.70.

It was trading with volumes of 4,876 shares, compared to its five day average of 15,821 shares, a decrease of -69.18 percent.

In the previous trading session, the share closed down 1.08 percent or Rs 1.80 at Rs 165.10.

The share touched a 52-week high of Rs 235.82 and a 52-week low of Rs 144.10 on 10 January, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.46 percent below its 52-week high and 13.81 percent above its 52-week low.

Market capitalisation stands at Rs 2,537.19 crore.

Siemens and Hindustan Zinc topped the Nifty 100 gainers list in intraday trade, rising about 2-2.5 percent each. Asian Paints and ABB India followed with gains of around 1-1.5 percent, while defence major Mazagon Dock Shipbuilders also traded firmly higher. Oil and gas names ONGC and IOC advanced modestly, alongside steady gains in HCL Tech, Vedanta and Bharat Electronics, lending incremental support to largecap stocks.

Asian Paints and Bharat Electronics emerged as the biggest positive contributors to the Nifty in afternoon trade, together adding significant points to the index. HCL Tech and TCS provided additional support from the IT pack, while JSW Steel aided the index from the metals space. SBI and ONGC also contributed modestly to the upside, alongside Dr Reddy’s Laboratories and Tech Mahindra, helping the benchmark recover part of its intraday losses.

Asian Paints shares led the recovery among Nifty stocks, rebounding nearly 2 percent from the intraday low. Max Healthcare and Trent followed with gains of a little over 1 percent each, while Eternal and HCL Tech also staged a modest bounce. Pharma major Dr Reddy’s Laboratories recovered close to 1 percent from the day’s trough. Bharat Electronics, Adani Ports, Hindalco and SBI saw milder pullbacks, rising around 0.6-0.7 percent from their respective lows as selective buying emerged in afternoon trade.

Sectoral performance remained under pressure in afternoon trade, with losses led by realty (down over 2 percent), FMCG, auto, energy and infrastructure indices. Metal and pharma stocks also traded in the red. IT was the lone pocket of strength, bucking the broader trend with modest gains, while PSU banks edged higher even as most other sectors stayed under selling pressure.

Broader markets continued to lag the frontline indices, with the Nifty Midcap 150 down 0.66 percent at 22,034, while the Nifty Smallcap 250 slipped a sharper 1.38 percent to 16,261, reflecting sustained selling pressure across mid- and small-cap stocks.

Indian equity benchmarks continued to trade lower in afternoon trade. The Sensex slipped more than 650 points to 83,517, while the Nifty 50 was down 0.79 percent at 25,672, as losses extended for the third straight session amid sustained selling pressure.

Venus Remedies has received marketing authorisation in Indonesia for its antibiotic combination Ceftazidime + Avibactam, granted by the relevant Indonesian drug regulatory authority.

Venus Remedies was quoting at Rs 727, up Rs 15.75, or 2.21 percent.

It has touched an intraday high of Rs 727 and an intraday low of Rs 682.

It was trading with volumes of 856 shares, compared to its five day average of 1,242 shares, a decrease of -31.08 percent.

The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST & Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

Morepen Laboratories was quoting at Rs 39.59, down Rs 0.98, or 2.42 percent.

It has touched an intraday high of Rs 40.64 and an intraday low of Rs 39.41.

It was trading with volumes of 82,079 shares, compared to its five day average of 92,116 shares, a decrease of -10.90 percent.

In the previous trading session, the share closed down 2.12 percent or Rs 0.88 at Rs 40.57.

The share touched a 52-week high of Rs 71.33 and a 52-week low of Rs 38.41 on 21 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 44.5 percent below its 52-week high and 3.07 percent above its 52-week low.

Market capitalisation stands at Rs 2,169.35 crore.

The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

#1 Believe 2026 should transform company’s size of its capacity +64 percent YoY

#2 Believe 2026 should transform visibility of 90 percent EPS growth over FY25-27

#3 2026 should solidify company’s decadal growth story

#4 Full commissioning of its 2nd largest project-Subansiri lower hydro project by Q4

#5 Award of 4 hydro projects and 1 pump storage in 2026

Waaree Energies has received an order for supply of 105 MW solar modules from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.

QIB – 0.23 times

NII - 8.62 times

Retail – 6.02 times

Employee Reserved - 0.57 times

Shareholder Portion - 5.97 times

Overall – 4.77 times

The Sensex was down 625.41 points or 0.74 percent at 83,558.37, and the Nifty was down 0.72 percent at 25,690.95. About 1048 shares advanced, 2603 shares declined, and 154 shares unchanged.

The inflows into the industry continue at a consistent pace with investors showing confidence in the long term potential of the Indian economy and the stock markets as a reflection of the underlying health of the economy. Given the stock market volatility in the last 1 year, and the extraordinary returns from gold and silver, large inflows into Multi asset funds are visible. However, we would be cautious on allocations to gold and silver at this point.

Asian equities climb for first time in three days, with Japanese stocks leading the advance. Hong Kong and mainland indexes eke out modest gains.

Flexi cap funds continue to be preferred category as they have inbuilt flexibility to manoeuvre across market caps. The valuation in large caps is reaching comfortable levels thus making Large & midcap funds a relevant choice along with FlexiCap funds. The entire industry has been rooting for asset allocation as the best strategy for anyone to navigate any kind of volatility. The result is visible in the growth of Multi Asset Allocation funds. I would reiterate that MAAF category shouldn’t be looked at from gold/silver exposures perspective but should be only for the basic asset allocation.

According to me, most of the fundamental parameters of India are scoring well along with time correction of past 1.5 years. One cannot predict geopolitics or what will happen around tariff etc and hence a systematic approach of investing will be an extremely prudent strategy.

The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka.

The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis.

The project includes a 400 kV double-circuit transmission line traversing Karnataka.

Power Grid Corporation of India was quoting at Rs 260.15, up Rs 0.65, or 0.25 percent.

It has touched an intraday high of Rs 264.20 and an intraday low of Rs 260.

It was trading with volumes of 217,000 shares, compared to its five day average of 628,462 shares, a decrease of -65.47 percent.

In the previous trading session, the share closed down 1.74 percent or Rs 4.60 at Rs 259.50.

The share touched a 52-week high of Rs 321.75 and a 52-week low of Rs 247.50 on 21 April, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 19.15 percent below its 52-week high and 5.11 percent above its 52-week low.

Market capitalisation stands at Rs 241,955.21 crore.

The company has entered into a contract agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh.

The company is scheduled to take over the fee plaza on January 23.

A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

Cuts Baila Lump Manganese Ore prices by Rs 1,000/tonnes to Rs 4,600/tonne and Fines prices by Rs 800/tonnes  to Rs 3,900/tonne.

NMDC was quoting at Rs 81.60, down Rs 0.02, or 0.02 percent.

It has touched an intraday high of Rs 82.58 and an intraday low of Rs 81.40.

It was trading with volumes of 1,096,210 shares, compared to its five day average of 2,478,817 shares, a decrease of -55.78 percent.

In the previous trading session, the share closed down 5.30 percent or Rs 4.57 at Rs 81.62.

The share touched a 52-week high of Rs 86.84 and a 52-week low of Rs 59.56 on 08 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 6.03 percent below its 52-week high and 37 percent above its 52-week low.

Market capitalisation stands at Rs 71,741.23 crore.

Indian rupee is trading lower at 90.13 per dollar versus Thursday's previous close of 90.02.

QIB – 0.02 times

NII - 5.19 times

Retail – 4.39 times

Employee Reserved - 0.42 times

Shareholder Portion - 4.22 times

Overall – 3.24 times

The company has been granted ANDA approval by United States Food and Drug Administration (U.S.FDA), for Fluconazole Tablets USP, 50 mg, 100 mg, 150 mg and 200 mg.

FDC was quoting at Rs 403.70, up Rs 0.65, or 0.16 percent.

It has touched an intraday high of Rs 405.10 and an intraday low of Rs 396.

It was trading with volumes of 1,417 shares, compared to its five day average of 2,724 shares, a decrease of -47.98 percent.

In the previous trading session, the share closed down 1.72 percent or Rs 7.05 at Rs 403.05.

The share touched a 52-week high of Rs 528.30 and a 52-week low of Rs 358.95 on 19 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 23.59 percent below its 52-week high and 12.47 percent above its 52-week low.

Market capitalisation stands at Rs 6,572.64 crore.

#1 Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore, YoY

#2 Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore, YoY

#3 Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31

Elecon Engineering Company was quoting at Rs 431.15, down Rs 71.35, or 14.20 percent.

It has touched an intraday high of Rs 456.05 and an intraday low of Rs 430.05.

It was trading with volumes of 362,599 shares, compared to its five day average of 433,355 shares, a decrease of -16.33 percent.

In the previous trading session, the share closed down 2.92 percent or Rs 15.10 at Rs 502.50.

The share touched a 52-week high of Rs 716.55 and a 52-week low of Rs 348.05 on 03 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 39.83 percent below its 52-week high and 23.88 percent above its 52-week low.

Market capitalisation stands at Rs 9,675.00 crore.

Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.

Brahmaputra Infrastructure was quoting at Rs 126.30, up Rs 0.45, or 0.36 percent.

It has touched an intraday high of Rs 126.30 and an intraday low of Rs 122.50.

It was trading with volumes of 23,894 shares, compared to its five day average of 23,385 shares, an increase of 2.18 percent.

In the previous trading session, the share closed down 1.91 percent or Rs 2.45 at Rs 125.85.

The share touched a 52-week high of Rs 135.50 and a 52-week low of Rs 36.23 on 29 December, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 6.79 percent below its 52-week high and 248.61 percent above its 52-week low.

Market capitalisation stands at Rs 366.50 crore.

The Sensex was down 211 points or 0.26 percent at 83,961.80, and the Nifty was down 0.23 percent at 25,818.30. About 1444 shares advanced, 1969 shares declined, and 166 shares unchanged.

Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.

#1 Gold ETF funds inflow at Rs 11,646.74 crore versus Rs 3,742 crore inflow, MoM

#2 ETF inflow at Rs 13,199.44 Crore versus Rs 9,721 crore inflow, MoM

#3 Large cap fund inflow at Rs 1,567.4 crore against Rs 1,640 crore inflow, MoM

#4 Small cap fund inflow at Rs 3,824 crore versus Rs 4,407 crore inflow, MoM

#5 Midcap fund inflow at Rs 4,176 crore versus Rs 4,487 crore inflow, MoM

QIB – 0.01 times

NII - 2.68 times

Retail – 2.20 times

Employee Reserved - 0.18 times

Shareholder Portion - 1.98 times

Overall – 1.71 times

#1 Wins Rs 5,400 crore coal gasification & raw syngas cleaning plant order, reaching 60 percent of FY26 orders

#2 BCGCL (JV Of CIL & BHEL) awards order for coal-to-ammonium nitrate

#3 Marking first commercial use of company’s proprietary PFBG Tech

#4 Moving from R&D to execution, 42-month execution, 60-month O&M

#5 Positive read-through post recent correction

Bharat Heavy Electricals was quoting at Rs 282.65, up Rs 10.35, or 3.80 percent.

It has touched an intraday high of Rs 285.50 and an intraday low of Rs 273.10.

It was trading with volumes of 1,849,320 shares, compared to its five day average of 1,190,480 shares, an increase of 55.34 percent.

Foreign portfolio investors (FPIs) continue to be cautious toward Indian markets at the start of 2026, just as they were in 2025. This is more to do with global and macro-level headwinds rather than domestic weaknesses.

Elevated global interest rates, particularly in the US, continue to steer capital flows toward developed markets as the lower risk returns remain attractive. Continued uncertainty around the pace of monetary easing by the FED, alongside sticky inflation in advanced economies, has reduced risk appetite for emerging markets.

Geopolitical tensions, fragile global growth, and volatility in commodity prices have kept FPIs defensive. A stronger USD and higher US bond yields have also tightened global liquidity, reducing the appeal of carry trades. Despite India’s resilient GDP growth, improving corporate earnings, and steady domestic institutional investor (DII) inflows, these factors have led to FPIs looking to place elsewhere.

A reversal in foreign flows would require a combination of global and domestic factors to change. Clear indications from the FED toward sustained rate cuts would ease yield differentials and weaken the USD, making emerging-markets more attractive. Ongoing tensions between the US and Venezuela can create short-term volatility in crude prices. If prices can stabilise this would support India’s current account dynamics and help the rupee, reducing currency risk for foreign investors.

Domestically, fiscal discipline, credible reforms, and predictable policy signals from the RBI would strengthen macro confidence. Improvements in the global growth outlook and a reduction in volatility would reduce risk aversion and this could lead to FPIs looking to reallocate toward emerging markets and India in particular, due to its strong domestic performance.

Indian equities do appear to be relatively expensive compared to other emerging markets. However, valuations alone may not turn FPIs away if earnings growth remains superior to other emerging markets. India’s strong consumer base, manufacturing capex cycle, digitalisation, and infrastructure offer long-term growth opportunities that other emerging markets cannot. FPIs may be willing to pay a slight premium, viewing India due to its stronger growth outlook rather than as a purely tactical trade.

Promoter Sagar Cements will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.

Sagar Cements was quoting at Rs 206.55, down Rs 0.50, or 0.24 percent and Andhra Cement was quoting at Rs 73.90, up Rs 4.93, or 7.15 percent.

The Tata Power Company has successfully commissioned the 400 / 220 kV Metro Depot Substation and associated transmission lines, a critical linear infrastructure project, that has enabled addition of 1,000 MVA transformation capacity to meet the growing load demand in and around Greater Noida and NCR region.

Additionally, surplus power from the system will be fed into the Northern Grid, supporting power demand across other northern states.

The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

Waaree Renewable Technologies was quoting at Rs 906.30, down Rs 22.20, or 2.39 percent.

It has touched an intraday high of Rs 927 and an intraday low of Rs 890.20.

It was trading with volumes of 23,482 shares, compared to its five day average of 24,704 shares, a decrease of -4.95 percent.

In the previous trading session, the share closed down 1.81 percent or Rs 17.10 at Rs 928.50.

The share touched a 52-week high of Rs 1,358.50 and a 52-week low of Rs 732.05 on 27 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 33.29 percent below its 52-week high and 23.8 percent above its 52-week low.

Market capitalisation stands at Rs 9,456.86 crore.

Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.

Astra Microwave Products was quoting at Rs 1,011.95, up Rs 7.60, or 0.76 percent.

It has touched an intraday high of Rs 1,028.75 and an intraday low of Rs 999.90.

It was trading with volumes of 16,382 shares, compared to its five day average of 16,465 shares, a decrease of -0.50 percent.

In the previous trading session, the share closed up 1.65 percent or Rs 16.35 at Rs 1,004.35.

The share touched a 52-week high of Rs 1,195.65 and a 52-week low of Rs 584.20 on 05 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 15.36 percent below its 52-week high and 73.22 percent above its 52-week low.

Market capitalisation stands at Rs 9,607.96 crore.

Indian Renewable Energy Development Agency was quoting at Rs 140.30, down Rs 0.85, or 0.60 percent.

It has touched an intraday high of Rs 141.25 and an intraday low of Rs 137.30.

It was trading with volumes of 286,073 shares, compared to its five day average of 2,432,534 shares, a decrease of -88.24 percent.

In the previous trading session, the share closed down 3.32 percent or Rs 4.85 at Rs 141.15.

The share touched a 52-week high of Rs 222.75 and a 52-week low of Rs 129.10 on 10 January, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 37.01 percent below its 52-week high and 8.68 percent above its 52-week low.

Market capitalisation stands at Rs 39,413.51 crore.

#1 Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units, YoY

#2 Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units, YoY

SML Mahindra was quoting at Rs 4,474.75, up Rs 0.30, or 0.01 percent.

It has touched an intraday high of Rs 4,521.95 and an intraday low of Rs 4,410.60.

It was trading with volumes of 5,899 shares, compared to its five day average of 6,348 shares, a decrease of -7.08 percent.

In the previous trading session, the share closed up 0.91 percent or Rs 40.30 at Rs 4,474.45.

The share touched a 52-week high of Rs 4,744.90 and a 52-week low of Rs 1,030.90 on 25 August, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 5.69 percent below its 52-week high and 334.06 percent above its 52-week low.

Market capitalisation stands at Rs 6,475.70 crore.

Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings & Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings & Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.

HDFC Bank was quoting at Rs 943.00, down Rs 3.60, or 0.38 percent.

It has touched an intraday high of Rs 950.35 and an intraday low of Rs 941.50.

It was trading with volumes of 106,224 shares, compared to its five day average of 4,197,588 shares, a decrease of -97.47 percent.

Eternal was quoting at Rs 291.65, up Rs 8.15, or 2.87 percent.

It has touched an intraday high of Rs 292.95 and an intraday low of Rs 281.50.

It was trading with volumes of 1,070,126 shares, compared to its five day average of 2,357,194 shares, a decrease of -54.60 percent.

In the previous trading session, the share closed up 0.91 percent or Rs 2.55 at Rs 283.50.

The share touched a 52-week high of Rs 368.40 and a 52-week low of Rs 189.60 on 16 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 20.83 percent below its 52-week high and 53.82 percent above its 52-week low.

Market capitalisation stands at Rs 281,452.48 crore.

The Sensex was up 31.75 points or 0.04 percent at 84,212.71, and the Nifty was up 16 points or 0.06 percent at 25,892.85. About 1329 shares advanced, 1870 shares declined, and 156 shares unchanged.

Indian rupee has erased early gains and trading flat at 90.01 per dollar against previous close of 90.02.

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