In another volatile session, the Indian equity market ended lower on January 13, with the Nifty slipping below 25,750 amid selling pressure in auto, consumer durables, pharma and realty stocks.
Amid positive global cues, domestic indices opened on a strong note, extending the previous session’s sharp recovery. However, the benchmarks failed to sustain early gains and remained largely rangebound through the day, eventually closing with modest losses.
At close, the Sensex was down 250.48 points or 0.30 percent at 83,627.69, and the Nifty was down 57.95 points or 0.22 percent at 25,732.30.
Mixed performance was seen among the broader indices, with the BSE Midcap index declining 0.2 percent, while the Smallcap index rose 0.5 percent.
Also Read: MidCap, SmallCap inflows in 2025 hit record high despite scheme delivers muted returns
Trent, L&T, Dr Reddy's Labs, Reliance Industries and Interglobe Aviation were among major losers on the Nifty, while gainers were ONGC, Tech Mahindra, Eternal, ICICI Bank, Hindalco Industries.
On the sectoral front, IT, media, PSU Bank, metal ended in the green, while FMCG, capital goods, consumer durables, pharma, realty fell between 0.3-0.5 percent.
Also Read - Vodafone Idea AGR relief puts Indus Towers back in dividend frame
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 74,617.66 | -2,086.47 | -2.72% |
| Nifty 50 | 23,125.70 | -652.10 | -2.74% |
| Nifty Bank | 53,741.05 | -1,585.00 | -2.86% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| ONGC | 267.95 | 2.95 | +1.11% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Shriram Finance | 955.40 | -66.20 | -6.48% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Energy | 35743.00 | -398.95 | -1.10% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 24570.00 | -1028.85 | -4.02% |
In stocks, Sical Logistics shares jumped 5% on LoA from South Eastern Coalfields, L&T shares shed 3% despite order win GTPL Hathway share price shed 8% on better Q3 earnings, VA Tech shares added 1% on large order win from BPCL.
More than 220 stocks hit 52-week low including Dixon Technologies, Cohance Life, Trent, Godrej Properties, BASF, Whirlpool, ITC, Happiest Minds, IRCTC, Cera Sanitaryware, SignatureGlobal India among others. Click to View More
Outlook for January 14
Ajit Mishra – SVP, Research, Religare Broking
Markets remained volatile on the weekly expiry day and ended marginally lower amid mixed cues. After an initial uptick, the Nifty 50 drifted lower for most of the session, though a rebound in the final hour trimmed some losses and helped it settle at 25,732.30. Sectoral trends were mixed, keeping participants engaged, with IT and metal stocks among the gainers, while realty and pharma remained subdued and closed in the red. The midcap and smallcap segments witnessed selective participation, with smallcaps showing modest resilience even as overall market breadth stayed moderate.
Market action reflects the interplay between earnings-related reactions and global uncertainty. Early optimism was supported by encouraging IT earnings and signs of progress in India–U.S. trade discussions, which lifted sentiment in the first half. However, the lack of follow-through and fresh selling in heavyweights across sectors capped the upside. Ongoing geopolitical and global trade concerns also continued to weigh on risk appetite, keeping trading largely stock-specific.
We maintain a cautious view on the Nifty and suggest continuing with a sell-on-rise approach until the index decisively reclaims the 26,000 level. A decisive breach of medium-term 100-day EMA, placed near 25,600, could accelerate the decline toward the 25,400 zone. Given the earnings season and fluctuating global cues, it is prudent to stay light and wait for clearer confirmation of the next directional move. Participants should focus on stock-specific opportunities and prefer a hedged approach amid the prevailing choppiness.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
After witnessing an excellent upside recovery from the lows on Monday, Nifty slipped into weakness from the highs on Tuesday and closed the day's lower amidst recovery note. After opening on an upside gap, Nifty failed to sustain the highs and slipped into weakness in the early-mid part of the session. Smart recovery has emerged from near the lows of 25600 and Nifty finally closed off the lows. The opening upside gap has been filled completely.
A long bear candle was formed on the daily chart with long lower shadow. Technically, this market action indicates presence of crucial overhead resistance around 25900-26000 levels. But the buying has started to emerge from near the lower supports. This is positive signal and hints at the possibility of eventual breakout in the short term.
The underlying short-term trend of Nifty remains positive. The formation of higher bottom reversal pattern on intraday chart (60 min) indicates that the market could move up from here and surpass the hurdle of 25900-26000 levels in the next few sessions. Immediate support is placed at 25600 levels.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
