Taking Stock: Bloodbath on D-Street amid HMPV fears; Nifty below 23,650, Sensex tanks 1,258 pts

Market Today

Indian equity markets witnessed bloodbath on start of the week as the benchmark indices shed 1.5 percent on January 6 amid fears about Human Metapneumovirus (HMPV) weighed on investor sentiment.

After a positive start for the day, the market witnessed profit boking in the initial hours to erase all the gains, and as the day progressed the indices extended the losses with Nifty falling below 23,600, intraday, amid selling across the sectors with PSU Bank index down nearly 4 percent after their quarterly business performance.

At close, the Sensex was down 1,258.12 points or 1.59 percent at 77,964.99, and the Nifty was down 388.70 points or 1.62 percent at 23,616.05.

Also Read - Rs 9.5 lakh crore investor wealth wiped out as Sensex, Nifty fall 1.5% each

Biggest Nifty losers included Tata Steel, Trent, Coal India, NTPC and BPCL, while gainers were Apollo Hospitals, Tata Consumer, Titan Company, HCL Technologies.

All the sectoral indices ended in the red with PSU Bank down 4 percent, while metal, realty, energy, PSU, power and oil & gas down 3 percent each.

Broader indices underperformed with BSE Midcap index fell 2.4 percent and Smallcap index down 3 percent.

More than 170 stocks touched their 52-week high on the BSE, including ITI, PTC Industries, Apar Industries, Jubilant FoodWorks, Krishna Institute of Medical Sciences, Coromandel International, Info Edge, PB Fintech, Blue Star, among others. Click here to view full list

Index	Prices	Change	Change%
Sensex	85,919.72	213.05	+0.25%
Nifty 50	26,265.40	62.45	+0.24%
Nifty Bank	60,062.00	309.30	+0.52%

Nifty 50 26,265.40 62.45 (0.24%)

Mon, Dec 01, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Kotak Mahindra	2,160.40	36.00	+1.69%

Biggest Loser	Prices	Change	Change%
ITC	401.85	-2.40	-0.59%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8593.60	79.20	+0.93%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22912.30	-86.00	-0.37%

On the other hand, more than 110 stocks touched their 52-week low on the BSE, including Network 18, Gujarat Mineral, Yes Bank, Shoppers Stop, Alok Industries, Rajesh Exports, Bandhan Bank, Indiamart Intermesh, Aarti Industries, Astral, IRCTC, NMDC Steel, Relaxo Footwear, Container Corporation, Tata Technologies, Kajaria Ceramic, Motherson Sumi Wiring India, among others. Click here to view full list

Outlook for January 7

Aditya Gaggar Director of Progressive Shares

The market opened lower due to renewed fears over the new virus, which triggered a decline in the Index. The selling pressure intensified during the second half of the session, resulting in a sharp drop of 388.70 points to conclude the session at 23,616.05. All sectors closed in the red, with PSU Banks and Energy stocks showing the largest losses. The broader market was hit particularly hard, as Mid and Small-cap stocks fell significantly, underperforming the Frontline Index.

The daily chart shows a strong bearish candlestick, indicating the Index is likely heading towards testing its previous support zone of 23,260-23,460. On the upside, resistance is seen at 23,900.

Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan

Nifty opened mildly in the green however witnessed follow through selling pressure and closed down ~389 points. On the daily charts we can observe that the Nifty could not hold on to the 200 day exponential moving average (23700) and has again closed below that. Inability to hold and sustain above it indicates signs of weakness. We expect the Nifty to consolidate within a range 23500 – 24200 from short term perspective. Daily momentum indicator has a positive crossover however price is not showing corresponding strength and hence we shall assign more weightage to the price action and trade accordingly.

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