Indian equity benchmarks extended their losing streak for a fifth straight session on January 9, 2026, primarily due to uncertainty surrounding the US Supreme Court's verdict on the legality of Trump tariffs, which was expected later the day.
Amid mixed global cues, the markets opened on a weak note, with the Nifty slipping below 25,850. As the session progressed, selling pressure intensified, dragging the index down to an intraday low of 25,623.
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.
For the week, BSE Sensex and Nifty lost 2.5 percent each.
Broader indices underperformance continued with BSE Midcap index falling 0.9%, and smallcap index losing 1.7%.
Also Read: UN projects India’s GDP growth to moderate to 6.6% in 2026
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.
Among sectors, except IT, PSU Bank, Oil & Gas, all other indices ended lower with auto, FMCG, realty, consumer durables down 1-2 percent.
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 74,563.92 | -1,470.50 | -1.93% |
| Nifty 50 | 23,151.10 | -488.05 | -2.06% |
| Nifty Bank | 53,757.85 | -1,343.10 | -2.44% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| TATA Cons. Prod | 1,083.60 | 25.80 | +2.44% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| Larsen | 3,439.00 | -280.50 | -7.54% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty FMCG | 47924.15 | -265.00 | -0.55% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Metal | 11292.50 | -571.40 | -4.82% |
Also Read - Volatile markets slow sovereign funds, global central banks investments in India during 2025
In stocks, Elecon Engineering Company shares fell 16% after Q3 consolidated profit shed 33%, Keystone Realtors shares fell 2% as Q3 pre-sales, collection down marginally, Andhra Cements shares jumped 6% as promoter to offload stake via OFS.
Also Read - Trump's new tariff threat isn't a market killer, but OMCs could be vulnerable, say experts
More than 300 stocks hit 52-week low including Tejas Networks, Inox Wind, Siemens Energy, Afcons Infra, IRCTC, NCC, Premier Energies, Blue Jet, Happiest Minds, Jyothy Labs, Kaynes Technologies, Cohance Life, Vedant Fashions, PCBL Chemical, Page Industries, BASF, among others. Click to View More
Outlook for January 12
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities
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.
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.
Rupak De, Senior Technical Analyst at LKP Securities
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.
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.
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