Synopsis : Indian equity markets remained volatile on Friday as lingering U.S. tariff concerns kept investors cautious after the worst sell-off in a month. Realty, banking and pharma stocks dragged benchmarks, even as selective IT buying offered limited support.
Indian equity markets witnessed choppy trade on Friday, struggling to find direction a day after suffering their sharpest fall in over a month amid renewed concerns around potential U.S. tariffs. Early gains quickly fizzled out as selling pressure resurfaced in rate-sensitive and defensive sectors.
The BSE Sensex, which opened marginally higher, slipped into the red to trade at 84,167, down 14 points or 0.02%. The NSE Nifty50 also erased its early gains to hover at 25,867, lower by 9 points or 0.04%.
Despite the subdued benchmarks, several heavyweight stocks traded higher. Eternal, HCL Technologies, Tech Mahindra, Asian Paints, Power Grid, BEL, Bajaj Finance, Infosys, Bharti Airtel, SBI, and TCS emerged as the only Sensex gainers, rising between 0.05% and 2.5%.
On the downside, ICICI Bank, Adani Ports, NTPC, UltraTech Cement, ITC, Sun Pharma, and Kotak Mahindra Bank slipped up to 1%, weighing on market sentiment and capping any meaningful recovery.
Broader Market & Sectoral Trend
In the broader market, performance remained mixed. The Nifty MidCap index managed to gain 0.21%, while the Nifty SmallCap index slipped 0.12%, highlighting selective buying amid cautious sentiment.
Sectorally, losses were led by:
Nifty Realty: down 2.5%
Nifty Pharma: down 1%
Nifty Private Bank: down 0.5%
In contrast, the Nifty IT index stood out as the lone gainer, rising 0.3%, as investors selectively accumulated technology stocks after recent declines.
IPO Watch
Adding to market activity, the Bharat Coking Coal IPO, a subsidiary of Coal India, opened for subscription today, January 9, 2026. The company aims to raise ₹1,071.11 crore through an offer for sale of 465.7 million shares, drawing investor attention amid volatile market conditions.
Overall, market sentiment remained cautious, with investors closely tracking global trade developments and waiting for clearer signals before taking fresh positions.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to risks. Readers are advised to consult a certified financial advisor before making any investment decisions.
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