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Below the Quote on Evening Markets 09th January 2026 by Mr. Vikram Kasat, Head - Advisory, PL Capital

Deep in the Red for Fifth Straight Session; Nifty Slips Below 25,700

Indian equity benchmarks extended their losing streak on Friday, closing lower for the fifth consecutive session amid weak global cues and rising geopolitical tensions, along with persistent concerns over potential US trade tariffs.

The Sensex tumbled 605 points to settle at 83,576.24, while the Nifty 50 slipped below the crucial 25,700 mark, reflecting broad-based selling across sectors.

On the Nifty, Adani Enterprises, Shriram Finance, NTPC, ICICI Bank, and Jio Financial Services were among the major losers. In contrast, Asian Paints, ONGC, Bharat Electronics, HCL Technologies, and Eternal managed to close in the green.

Broader markets underperformed, with the BSE Midcap index declining 0.8% and the Smallcap index sliding 1.7%, highlighting continued risk aversion among investors.

Sectorally, barring IT, PSU Banks, and Oil & Gas, all other indices ended lower. Realty, Auto, FMCG, and consumer durables stocks fell between 1–2.5%, leading the decline.

Market volatility edged higher, with India VIX rising over 3% to 10.92, signalling elevated uncertainty.

Weekly Snapshot

For the week, the Nifty has slipped nearly 2.5%, with all sectoral indices ending in the red, some correcting by as much as 6%. The Nifty Bank index relatively outperformed but still declined 1.5%, while the midcap index fell over 2.5%, broadly in line with the benchmark.

Next week, Q3 earnings will take centre stage, with IT stocks in focus as major players announce results. Any commentary from the US on trade policy and deal negotiations will also be keenly watched.

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