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Key gauges fall for 5th straight day amid foreign fund outflows
Jan-09-2026

Indian equity benchmarks buckled under selling pressure for the fifth straight session on Friday, falling more than half percent, as investors turned cautious due to growing concerns over potential US tariff hikes amid lingering geopolitical worries. Persistent foreign fund outflows and caution ahead of key December-quarter results kept investors wary.

Some of the important factors in trade:

Securitisation volumes grow 5% to Rs 1.87 lakh crore in nine months of FY26: A report released by rating agency Crisil ratings has showed that the first nine months of financial year 2025-26 (9MFY26) saw a continued steady momentum in securitisation volumes aided by sustained originations by non-banking financial companies (NBFCs). 

Indian economy likely to grow at 7.5% in 2025-26 with upward bias: A research report from State Bank of India’s (SBI’s) Economic Research Department has estimated that Indian economy likely to grow at 7.5% in 2025-26 with upward bias. This projection is marginally higher from NSO’ estimate.

Rupee falls against US Dollar: Indian rupee declined against the US dollar, weighed down by elevated global crude oil prices and persistent foreign fund outflows amid rising geopolitical tensions.

Textile stocks in watch: 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. 

Global front: European markets were trading higher as investor sentiment was underpinned 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 settled mostly higher as investors eyed U.S. jobs data and a U.S. Supreme Court ruling on the legality of President Donald Trump's sweeping tariffs.

Finally, the BSE Sensex fell 604.72 points or 0.72% to 83,576.24 and the CNX Nifty was down by 193.55 points or 0.75% to 25,683.30.        

The BSE Sensex touched high and low of 84,406.22 and 83,402.28 respectively. There were 9 stocks advancing against 21 stocks declining on the index.

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

The top 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.

The top gainers on the Sensex were Asian Paints up by 1.36%, HCL Technologies up by 0.86%, Bharat Electronics up by 0.77%, Reliance Industries up by 0.34% and Eternal up by 0.32%. On the flip side, NTPC down by 2.34%, ICICI Bank down by 2.22%, Adani Ports &SEZ down by 1.98%, Bharti Airtel down by 1.89% and Sun Pharma down by 1.40% were the top losers.

Meanwhile, days after release of first advance estimated by National Statistics Office (NSO), a research report from State Bank of India’s (SBI’s) Economic Research Department has estimated that Indian economy likely to grow at 7.5% in 2025-26 with upward bias. This projection is marginally higher from NSO’ estimate. The National Statistics Office (NSO) put GDP growth in 2025-26 at 7.4% as compared to 6.5% in the previous fiscal. The RBI had projected the growth rate at 7.3%. 

The report said historically, the difference between Reserve Bank's estimate and NSO’s estimate is 20-30 basis points and hence the 7.4% estimate is quite expected and reasonable. On fiscal deficit, it said that at the end of November 2025 it stood at Rs 9.8 lakh crore or 62.3 per cent of budget estimate. It said ‘We believe that even though the tax revenue is likely to be lower than that budgeted for FY26, non-tax revenue will be on the higher side thereby not impacting the overall receipts much’.

It noted that total expenditure is also expected to be lower, leading to fiscal deficit of Rs 15.85 lakh crore compared to the budgeted Rs 15.69 lakh crore. With the new GDP figure, fiscal deficit as percentage of GDP is likely to remain unchanged at 4.4 per cent. Meanwhile, the second advance estimates, incorporating additional data and revisions, are scheduled to be released on February 27, 2026. So, the report said all these numbers are expected to change with the base revision to 2022-23.

CNX Nifty touched high and low of 25,940.60 and 25,623.00 respectively. There were 15 stocks advancing against 35 stocks declining on the index.      

The top gainers on Nifty were Asian Paints up by 1.88%, ONGC up by 1.16%, HCL Technologies up by 0.94%, Bharat Electronics up by 0.55% and Dr. Reddy's Laboratories up by 0.50%. On the flip side, Adani Enterprises down by 2.59%, NTPC down by 2.29%, Adani Ports &SEZ down by 2.10%, ICICI Bank down by 2.09% and JIO Financial Services down by 2.04% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 47.11 points or 0.47% to 10,091.80, France’s CAC rose 57.63 points or 0.7% to 8,301.10 and Germany’s DAX gained 101.84 points or 0.41% to 25,229.30. 

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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