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Post Session: Quick Review
Jan-09-2026

Indian equity benchmarks extended losses for the fifth straight session on Friday amid broad-based selling and concerns over US tariffs. Markets made a cautious start and traded near flat lines due to continued foreign fund outflows from foreign institutional investors (FIIs). Indices slipped into the red in late morning trade and closed lower, as investors stayed cautious ahead of a US Supreme Court verdict on the legality of the levies expected later in the day. 

Some of the important factors in trade:

Relentless foreign fund outflows: Sentiments remained downbeat as Foreign institutional investors offloaded equities worth Rs 3,367.12 crore on Thursday, according to exchange data.

India’s GDP to grow by 7.5% in FY26: Traders overlooked State Bank of India report said that India's economy is expected to grow at 7.5 per cent in 2025-26 with upward bias, marginally higher from NSO's estimate of 7.4 per cent.

2026 to see upswing in India-EU relationship: Traders took note of the External Affairs Minister S Jaishankar’s statement that he can fairly confidently predict that 2026 will see an upswing in India's ties with Europe and Luxembourg can give the support to ramp up New Delhi's relationship with the European Union. 

Global front: European markets were trading in green after data showed Germany's industrial output unexpectedly rose for a third straight month in November, helped by a rebound in car production. Asian markets ended mostly in green as investors eyed U.S. jobs data and a U.S. Supreme Court ruling on the legality of President Donald Trump's sweeping tariffs.

The BSE Sensex ended at 83576.24, down by 604.72 points or 0.72% after trading in a range of 83402.28 and 84406.22. There were 9 stocks advancing against 21 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.90%, while Small cap index down by 1.74%. (Provisional)

The few gaining sectoral indices on the BSE were Oil & Gas up by 0.52%, Energy up by 0.09%, and IT up by 0.03%, while Realty down by 2.22%, Utilities down by 1.82%, Power down by 1.79%, Telecom down by 1.41% and Auto down by 1.22% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Asian Paints up by 1.91%, HCL Technologies up by 0.80%, Bharat Electronics up by 0.55%, Eternal up by 0.48% and Reliance Industries up by 0.45%. On the flip side, NTPC down by 2.35%, Adani Ports and Special Economic Zone down by 2.23%, ICICI Bank down by 2.11%, Bharti Airtel down by 1.71% and Sun Pharma Inds. down by 1.40% were the top losers. (Provisional)

Meanwhile, in order to create a robust operational framework to strengthen the textile data systems, the Union Textile Ministry has signed Memorandum of Understandings (MoUs) with 15 states, marking a transformative step toward evidence-based policymaking. This MoUs were signed under the Textiles-focused Research, Assessment, Monitoring, Planning And Start-Up (Tex-RAMPS) scheme, which aims to improve the comprehensiveness, quality, commitment, and reliability of textile-related products and research. 

The Ministry is providing financial assistance through an annual grant of Rs 12 lakh to each State or Union Territory (UT) under Tex-RAMPS scheme. Furthermore, recognizing that the industry’s core strength resides in its regional clusters, the initiative extends its reach to the grassroots level. This includes an extra grant of Rs 1 lakh per year provided for each district, which will be distributed based on the development and execution of specific district action plans.

The Ministry stated that these MoUs embody the spirit of cooperative federalism. By strengthening the Textiles Statistical System, the government aims to bridge existing data gaps and ensure that the roadmap toward a $350 billion industry is backed by robust, real-time insights.

The CNX Nifty ended at 25683.30, down by 193.55 points or 0.75% after trading in a range of 25623.00 and 25940.60. There were 14 stocks advancing against 36 stocks declining on the index. (Provisional)

The top gainers on Nifty were Asian Paints up by 1.40%, ONGC up by 1.15%, HCL Technologies up by 0.94%, Bharat Electronics up by 0.53% and Eternal up by 0.41%. On the flip side, Adani Enterprises down by 2.59%, NTPC down by 2.44%, JIO Financial Services down by 2.15%, Adani Ports and Special Economic Zone down by 2.13% and ICICI Bank down by 2.09% were the top losers. (Provisional)

European markets were trading higher; France’s CAC rose 43.03 points or 0.52% to 8,286.50, UK’s FTSE 100 increased 39.71 points or 0.4% to 10,084.40, while Germany’s DAX gained 76.84 points or 0.31% to 25,204.30.

Asian markets settled mostly higher on Friday kindled by strong corporate earnings results and buying in technological sector stocks. Better than expected Chinese inflation data for December, and strong exports with the weaker local currencies buoyed the local indices. Positive signals from US markets and Fed policy also boosted the sentiments. Japan's Nikkie soared the most among Asian indices, with specific rallies in chip-related firms.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,120.43

37.45

0.92

Hang Seng

26,231.79

82.48

0.32

Jakarta Composite

8,936.75

11.28

0.13

KLSE Composite

1,686.54

16.97

1.02

Nikkei 225

51,939.89

822.63

1.61

Straits Times

4,744.66

5.59

0.12

KOSPI Composite

4,586.32

33.95

0.75

Taiwan Weighted

30,288.96

-71.59

-0.24
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