HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Indices trade flat in late morning deals
Jan-05-2026

Indian equity markets traded near neutral lines with negative bias in late morning deals on rising geopolitical risk. The U.S. said it had attacked Venezuela and captured President Nicolas Maduro over the weekend. Selling in Infosys, HCL Technologies, HDFC Bank, Tech Mahindra and Eternal companies’ stocks weighed on the markets. Further, traders were cautious as American President Donald Trump said that the United States could raise tariffs on Indian goods if New Delhi does not help on concerns related to Russian oil. On the BSE sectoral front, traders were seen piling up positions in Realty, Consumer Durables, Auto, FMCG and Consumer Disc, while selling was witnessed in IT, TECK, Oil & Gas, Telecom and Utilities.   

On the global front, Asian markets were trading in green despite China's services activity expanded at its slowest pace in six months in December, as growth in new business softened and foreign demand declined. The RatingDog China General Services PMI, compiled by S&P Global, edged down to 52.0 in December from 52.1 the previous month, marking the weakest reading since June. The 50-point mark separates expansion from contraction. Back home, in the stock specific development, Mini Diamonds (India) surged as the company has received export order valued at $1.85 million (around Rs 16.65 crore) for supply of lab-grown diamonds to a prominent overseas client from Hong Kong on January 05, 2026.

The BSE Sensex is currently trading at 85705.54, down by 56.47 points or 0.07% after trading in a range of 85516.75 and 85883.50. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.05%, while Small cap index up by 0.01%.

The top gaining sectoral indices on the BSE were Realty up by 1.59%, Consumer Durables up by 1.21%, Auto up by 0.72%, FMCG up by 0.55% and Consumer Disc up by 0.38%, while IT down by 1.46%, TECK down by 1.19%, Oil & Gas down by 0.55%, Telecom down by 0.47% and Utilities down by 0.39% were the top losing indices on BSE.

The top gainers on the Sensex were Bharat Electronics up by 2.46%, Maruti Suzuki up by 2.13%, Asian Paints up by 1.86%, Hindustan Unilever up by 1.83% and ICICI Bank up by 1.44%. On the flip side, Infosys down by 2.50%, HCL Technologies down by 2.31%, HDFC Bank down by 1.48%, Tech Mahindra down by 1.21% and Eternal down by 0.99% were the top losers.

Meanwhile, Union minister Ashwini Vaishnaw has asserted confidence about India being among top-four semiconductor manufacturing nations by 2032 and becoming the best by 2035, driven by the talent the country has. He added that four chip companies will start commercial production this year, and almost all the top automobile and telecom companies will source semiconductors from them. Besides, the government has approved 22 projects with investments worth Rs 41,863 crore under the Electronics Components Manufacturing Scheme (ECMS).

Further, under the Semicon India Programme, the government has approved 10 manufacturing units, with an investment of Rs 1.6 lakh crore so far. The projects include 2 fabs (fabrication units) and 8 chip assembly, test and packaging projects. He noted that the Kaynes and CG Semi had started pilot production last year and will get into commercial production soon. Besides, Micron has started pilot production very recently and will go into commercial production next month. Tata plant in Assam will also start pilot production by middle of the year, and will start the commercial production by the end of the year. 

Moreover, under the Design Linked Incentive (DLI) scheme, 24 chip design projects are supported through start-ups, representing Rs 920 crore in project value. Further, emphasizing the country’s talent and focus on silicon, he said that there are now 298 universities in the country, where students are designing chips that are getting validated.

The CNX Nifty is currently trading at 26326.65, down by 1.90 points or 0.01% after trading in a range of 26263.60 and 26373.20. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Nestle up by 2.64%, Bharat Electronics up by 2.32%, Maruti Suzuki up by 1.85%, Hindustan Unilever up by 1.83% and Eicher Motors up by 1.65%. On the flip side, Infosys down by 2.46%, HCL Technologies down by 2.32%, ONGC down by 1.87%, Wipro down by 1.86% and HDFC Bank down by 1.60% were the top losers. 

All Asian markets were trading higher; Nikkei 225 surged 1650.52 points or 3.28% to 51,990.00, Taiwan Weighted added 730.72 points or 2.49% to 30,080.53, Jakarta Composite gained 56.71 points or 0.64% to 8,804.84, Shanghai Composite strengthened 43.37 points or 1.09% to 4,012.21, KOSPI increased 138.79 points or 3.22% to 4,448.42, Hang Seng advanced 14.53 points or 0.06% to 26,353.00 and Straits Times rose 29.05 points or 0.62% to 4,685.17.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.