Quote on Markets Commentary for 09th January 2026 by Ashika Institutional Equities
Below the Quote on Markets Commentary for 09th January 2026 by Ashika Institutional Equities
Profit Booking Drags Nifty Lower; Markets Turn Cautious on Macro and Global Cues
Indian equity markets on Friday witnessed selling pressure from the day’s high. The benchmark Nifty index opened at 25,840, touched an intraday high of 25,940, and subsequently faced profit booking, slipping to an intraday low of 25,648. Sector-wise, strength was observed in PSU Banks, Oil & Gas, IT, PSE, and Metals, while weakness was seen in Realty, Private Banks, Financial Services, FMCG, and Consumer Durables. On the macro front, market participants remained cautious ahead of the domestic inflation data for December, scheduled to be released on Monday. On global front Market participants stayed on the sidelines amid caution ahead of a US Supreme Court decision on the validity of American tariffs. Sentiment was further dented after US Commerce Secretary Howard Lutnick indicated on Friday that the India–US trade agreement had been delayed. On the derivatives front, market breadth remained negative with 36 advancing stocks against 176 declining stocks. The highest open interest addition was witnessed in POWERINDIA, BHEL, IEX, BIOCON, and CGPOWER. In the Nifty options segment, the 26,000 and 26,100 strike prices hold the highest Call open interest, while the 25,700 and 25,600 strikes have the highest Put open interest. The Nifty Put-Call Ratio (PCR) currently stands at 0.52.
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