Taking Stock: Market fall extends to 3rd day; Nifty below 26,150, Sensex falls 102 pts

Market Today

• Sensex fell 102 points, Nifty dropped 38 points amid volatility and FII selling
• Titan Company hit a 52-week high, Senco Gold surged 12% on strong Q3 results
• Nearly 140 stocks hit 52-week highs, while over 100 stocks touched 52-week lows

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The Indian benchmark indices continued their fall on third straight session on January 7 with Nifty closing below 26,150 amid volatility led by concerns over rising geopolitical risks, FII selling and weak Asian markets.

At close, the Sensex was down 102.20 points or 0.12 percent at 84,961.14, and the Nifty was down 37.95 points or 0.14 percent at 26,140.75. BSE Midcap index added 0.5%, while smallcap index rose 0.12%.

Also Read: Indian economy to grow at 6.8% in FY27; fiscal consolidation to continue: Goldman Sachs

Titan Company, Tech Mahindra, HCL Technologies, Wipro, Jio Financial were among major gainers on the Nifty, while losers were Cipla, Maruti Suzuki, Max Healthcare, Tata Motors Passenger Vehicles, Power Grid.

Consumer durables, IT, pharma gained 0.5-1.8%, while auto, oil & gas, realty, telecom shed 0.5 each.

Also Read - Why Wall Street’s surge isn’t good news for India anymore

In stocks, Titan Company shares jumped 4% to fresh 52-week high on strong Q3 business, Senco Gold shares added 12% after Q3 revenue jumps 51%, Indian Hotels Company shares slipped 1% after Morgan Stanley downgrades to ‘equal-weight’, Bliss GVS Pharma shares climbed 3% after 13.26 lakh shares traded in a block, Meesho shares fell 5% after one-month lock-in period ended.

Also Read - Domestic institutions ramp up MF, insurance, AIF and pension investments in 2025; FIIs lag

Index	Prices	Change	Change%
Sensex	76,034.42	-829.29	-1.08%
Nifty 50	23,639.15	-227.70	-0.95%
Nifty Bank	55,100.95	-634.80	-1.14%

Nifty 50 23,639.15 -227.70 (-0.95%)

Thu, Mar 12, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Coal India	470.10	23.35	+5.23%

Biggest Loser	Prices	Change	Change%
M&M	3,031.20	-137.00	-4.32%

Best Sector	Prices	Change	Change%
Nifty Energy	36834.35	695.85	+1.93%

Worst Sector	Prices	Change	Change%
Nifty Auto	25098.00	-828.00	-3.19%

Nearly 140 stocks touched 52-week high, including Torrent Pharma, Titan Company, JB Chemicals, NMDC, MCX India, BHEL, NALCO, Polycab, Emcure Pharma, Laurus Labs, KEI Industries, Eicher Motors, Granules India, Vedanta, Phoenix Mills, Nestle, SBI Life Insurance, Jindal Stainless, among others. Click to View More

On the other hand, more than 100 stocks hit 52-week low including Vedant Fashions, Premier Energies, Mahanagar Gas, Whirlpool, AWL Agri, Dixon Technologies, Cohance Life, Afcons Infra, Kaynes Tech, among others. Click to View More

Outlook for January 8

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained volatile during the session, though the real range stayed relatively small. On the lower end, it found support at the 21 EMA before closing higher.

In the near term, the trend is likely to remain sluggish, with the range placed between 26000 and 26300. Any decisive fall below 26000 may trigger further weakness. On the other hand, a decisive move above 26300 would require for a directional upmove in the Nifty.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Nifty began the session on a weak note and attempted a recovery but faced strong resistance twice near the 26,180–26,190 zone, leading to a gradual decline. The index staged a steady recovery in the second half from the day’s low of 26,069 but eventually ended the day 0.14% lower at 26,140. Since hitting an all-time high of 26,373 on 5th January, Nifty has posted consecutive doji candles on the daily chart. However, despite intraday choppiness, Index managed to close above its 20-day EMA, indicating underlying support remains intact.

Going ahead, for Nifty, the 50-day EMA zone of 25,950-25,900 will act as an immediate support. Any sustained move below the 25,900 level could lead to Index extending its weakness further down towards the 25,800 level, followed by 25,700. On the upside, the zone of 26,200-26,250 will act as an as immediate resistance and move above 26,250 could lead to continuation of up move in the Index.

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