Indian equity benchmarks extended their losing streak for a fifth consecutive session on January 9, 2026, as uncertainty surrounding the US Supreme Court's verdict on Trump tariffs weighed heavily on investor sentiment. The markets opened weak amid mixed global cues and witnessed intensified selling pressure throughout the trading session.

Market Performance Overview

The benchmark indices faced significant pressure, with the Nifty slipping below the 25,850 level at opening and further declining to an intraday low of 25,623.00. The sustained selling momentum reflected broader market concerns about potential trade policy implications.

For the week, both BSE Sensex and Nifty recorded losses of 2.50% each, highlighting the sustained bearish sentiment across Indian equity markets.

Broader Market Underperformance

The broader market indices witnessed more pronounced declines compared to the benchmark indices. The underperformance was particularly evident in mid and small-cap segments, which have been facing sustained pressure.

Individual Stock Movements

The session saw mixed performance among individual stocks, with notable movements across various sectors. Major losers dominated the trading landscape, while select stocks managed to post gains despite the overall negative sentiment.

Top Gainers:

• Asian Paints: ₹2,825.50 (+₹39.00, +1.40%)
• ONGC
• Bharat Electronics
• HCL Technologies

Major Losers:

• Adani Enterprises: ₹2,153.70 (-₹60.30, -2.72%)
• Shriram Finance
• NTPC
• ICICI Bank
• Jio Financial

Sectoral Performance Analysis

Most sectoral indices ended in negative territory, with only three sectors managing to close higher. The IT sector emerged as the best performer, while auto stocks faced the maximum pressure.

The auto, FMCG, realty, and consumer durables sectors declined between 1-2%, reflecting broad-based selling pressure across key market segments.

Notable Corporate Developments

Several individual stocks witnessed significant movements due to company-specific developments:

• Elecon Engineering Company shares fell 16.00% after Q3 consolidated profit declined 33.00%
• Keystone Realtors shares dropped 2.00% as Q3 pre-sales and collections decreased marginally
• Andhra Cements shares surged 6.00% following promoter's announcement to offload stake via OFS

Market Breadth and 52-Week Lows

The session witnessed poor market breadth, with over 300 stocks hitting their 52-week lows. This extensive list included prominent names across various sectors, indicating widespread selling pressure.

Notable stocks at 52-week lows:

• Tejas Networks
• Inox Wind
• Siemens Energy
• Afcons Infrastructure
• IRCTC
• NCC
• Premier Energies
• Happiest Minds
• Jyothy Labs
• Page Industries

The sustained decline across Indian equity markets reflects ongoing concerns about global trade policies and their potential impact on domestic economic growth, with investors adopting a cautious approach amid uncertain external factors.

Indian equity markets extended their losing streak for the fifth consecutive session on Friday, January 9, 2025, as both the Sensex and Nifty 50 indices closed in negative territory. The sustained decline has resulted in a significant erosion of investor wealth, highlighting the challenging market environment.

Market Performance Overview

The benchmark indices faced continued selling pressure throughout the trading session, with market participants remaining cautious amid multiple headwinds. The fifth straight session of decline underscores the prevailing negative sentiment in the Indian equity markets.

Key Market Pressures

Several factors contributed to the sustained market decline, creating a confluence of negative sentiment drivers. The primary concerns weighing on investor minds include renewed worries about potential US tariffs, which could impact global trade dynamics and Indian exports.

Additionally, market participants are exercising caution ahead of the upcoming Q2 results season, with investors preferring to stay on the sidelines until corporate earnings provide clearer direction on company performances.

Foreign Investment Outflows

Persistent foreign institutional investor outflows have continued to pressure market sentiment. The relentless selling by foreign investors has been a significant factor contributing to the sustained decline across benchmark indices, adding to the overall negative market dynamics.

Market Outlook

The combination of international trade concerns, domestic result season anticipation, and foreign capital outflows has created a challenging environment for Indian equities. The ₹13.00 lakh crore wealth erosion reflects the magnitude of the current market correction and investor concerns about near-term market direction.