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Indian Indices - Live Markets

MARKET HIGHLIGHTS
Jan 09, 16:12 IST

Ajit Mishra – SVP, Research, Religare Broking

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.

Jan 09, 16:02 IST

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.

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.

Jan 09, 12:41 IST
Jan 09, 10:45 IST

Ross Maxwell, Global Strategy Operations Lead, VT Markets

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.

  • Advances 13
  • Declines 37
  • Unchanged 0

Live Markets

Name LTP Chg %Chg Open High Low 52 Week High 52 Week Low Technical Rating
Key Indices

NIFTY 50

25,683.30 -193.55 -0.75 25,840.40 25,940.60 25,623.00 26,373.20 21,743.65 Technical Rating

NIFTY BANK

59,251.55 -434.95 -0.73 59,558.15 59,739.65 59,154.20 60,437.35 47,702.90 Technical Rating

NIFTY Midcap 100

59,748.15 -474.40 -0.79 60,194.05 60,562.35 59,500.55 61,548.85 46,865.70 Technical Rating

NIFTY NEXT 50

68,492.20 -703.90 -1.02 69,059.20 69,530.70 68,258.75 70,833.65 56,192.45 Technical Rating

NIFTY 100

26,252.95 -209.65 -0.79 26,422.80 26,536.45 26,187.00 26,975.15 22,177.35 Technical Rating

Nifty 200

14,306.95 -114.10 -0.79 14,402.10 14,468.75 14,266.90 14,700.95 11,941.45 Technical Rating

NIFTY 500

23,467.35 -212.75 -0.90 23,646.75 23,741.75 23,407.70 24,144.20 19,519.85 Technical Rating

NIFTY Smallcap 100

17,282.65 -318.40 -1.81 17,572.50 17,637.90 17,252.95 19,224.95 14,084.30 Technical Rating

NIFTY MIDCAP 50

17,096.50 -118.95 -0.69 17,209.60 17,311.00 17,031.80 17,572.45 13,269.65 Technical Rating

NIFTY SMLCAP 50

8,435.05 -170.05 -1.98 8,593.20 8,621.55 8,420.70 9,282.70 6,776.05 Technical Rating

India VIX

10.92 0.32 3.02 10.60 11.03 10.21 23.18 8.72 Technical Rating

NIFTY 750 TOTAL MKT

13,161.10 -123.45 -0.93 13,265.40 13,317.05 13,129.00 13,317.05 0.00 Technical Rating
Sectoral Indices

NIFTY Auto

28,087.65 -327.30 -1.15 28,380.00 28,516.00 28,034.85 29,179.10 19,316.65 Technical Rating

NIFTY IT

38,027.20 106.90 0.28 37,861.25 38,244.55 37,861.15 44,798.65 30,918.95 Technical Rating

NIFTY PSU Bank

8,601.05 15.70 0.18 8,578.95 8,729.55 8,557.40 8,856.85 5,530.35 Technical Rating

NIFTY Fin Service

27,382.10 -290.50 -1.05 27,614.80 27,689.05 27,302.50 28,065.50 22,320.85 Technical Rating

NIFTY Pharma

22,761.00 -201.55 -0.88 22,961.10 22,989.85 22,696.45 23,492.55 19,121.10 Technical Rating

NIFTY FMCG

52,438.15 -572.00 -1.08 52,918.25 53,083.50 52,332.65 59,302.55 50,199.35 Technical Rating

NIFTY Metal

11,094.80 -37.20 -0.33 11,110.65 11,208.10 11,036.55 11,652.70 7,690.20 Technical Rating

NIFTY Realty

874.00 -20.25 -2.26 891.75 893.15 868.95 1,049.70 765.80 Technical Rating

NIFTY Media

1,425.30 -12.10 -0.84 1,436.40 1,438.85 1,415.75 1,849.65 1,344.40 Technical Rating

NIFTY Energy

34,409.30 -320.35 -0.92 34,736.40 34,951.75 34,284.20 36,938.90 29,313.20 Technical Rating

Nifty Pvt Bank

28,500.65 -274.25 -0.95 28,714.15 28,786.00 28,460.80 29,059.00 23,508.05 Technical Rating

NIFTY Infra

9,303.30 -80.05 -0.85 9,384.10 9,432.55 9,278.80 9,792.60 7,589.95 Technical Rating

NIFTY Commodities

9,367.10 -70.15 -0.74 9,422.05 9,477.05 9,332.70 9,786.80 7,502.95 Technical Rating

NIFTY Consumption

12,027.80 -128.80 -1.06 12,145.60 12,191.55 12,003.30 12,716.20 10,090.65 Technical Rating

NIFTY PSE

9,771.10 -59.70 -0.61 9,834.95 9,936.05 9,738.35 10,225.55 7,956.45 Technical Rating

NIFTY Services

33,310.85 -313.15 -0.93 33,567.50 33,683.80 33,228.95 34,216.65 29,070.85 Technical Rating

Nifty FinSrv25/50

30,060.75 -357.85 -1.18 30,345.95 30,418.90 29,974.05 30,418.90 0.00 Technical Rating

Nifty Cons Durbl

37,602.95 -434.65 -1.14 37,918.30 38,221.70 37,438.60 42,661.90 32,205.30 Technical Rating

Nifty Healthcare

14,672.05 -136.50 -0.92 14,799.80 14,819.45 14,629.75 15,144.95 12,561.70 Technical Rating

Nifty Oil & Gas

11,628.75 46.40 0.40 11,564.45 11,706.35 11,563.50 12,445.70 9,327.50 Technical Rating

NIFTY India Mfg

15,283.25 -111.05 -0.72 15,376.30 15,462.15 15,237.70 15,462.15 0.00 Technical Rating

Nifty India Defence

7,891.65 -29.75 -0.38 7,927.85 8,079.95 7,866.80 8,079.95 0.00 Technical Rating
Other Indices

NIFTY MIDCAP 150

21,985.90 -194.65 -0.88 22,162.15 22,274.25 21,912.90 22,650.05 17,269.50 Technical Rating

NIFTY MIDSML 400

19,846.50 -232.25 -1.16 20,055.00 20,141.50 19,794.20 20,668.15 15,832.85 Technical Rating

NIFTY SMLCAP 250

16,209.45 -279.60 -1.70 16,458.30 16,505.95 16,187.45 18,077.35 13,314.70 Technical Rating

NIFTY MNC

30,322.40 -194.75 -0.64 30,471.50 30,621.40 30,243.90 31,140.00 23,981.05 Technical Rating

NIFTY AlphaLowVol 30

26,989.15 -219.10 -0.81 27,187.95 27,286.55 26,928.10 27,286.55 0.00 Technical Rating

Nifty200 Momentum 30

30,928.50 -252.90 -0.81 31,155.75 31,354.40 30,826.90 31,354.40 0.00 Technical Rating

Nifty LargeMid250

16,607.05 -139.85 -0.84 16,727.40 16,802.40 16,558.80 17,077.75 13,526.30 Technical Rating

Nifty500 Mul50:25:25

16,179.10 -169.85 -1.04 16,325.65 16,383.05 16,140.10 16,681.75 13,318.60 Technical Rating

NIFTY CPSE

6,434.45 -35.20 -0.54 6,478.75 6,543.60 6,416.25 6,681.80 5,284.25 Technical Rating

NIFTY MID SELECT

13,676.70 -82.90 -0.60 13,775.75 13,843.45 13,619.15 14,118.40 10,382.55 Technical Rating

NIFTY IND DIGITAL

9,314.90 -34.25 -0.37 9,355.70 9,423.90 9,284.20 9,723.25 7,334.40 Technical Rating

NIFTY M150 QLTY50

23,706.00 -202.25 -0.85 23,858.95 23,975.70 23,641.20 23,975.70 0.00 Technical Rating

Nifty Microcap 250

21,890.30 -387.70 -1.74 22,227.55 22,301.05 21,868.30 22,301.05 0.00 Technical Rating

Nifty Capital Market

4,573.25 -95.45 -2.04 4,657.70 4,694.45 4,549.45 4,694.45 0.00 Technical Rating
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