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Markets add more losses; Reliance Industries slides over 4.50%
Jan-06-2026

Indian equity markets added more losses in late morning deals on account of hectic selling in Trent, Reliance Industries, HDFC Bank and Interglobe Aviation companies’ stocks. Meanwhile, the broader markets were also trading in red; the BSE mid-cap index declined by 0.39 per cent and the small-cap index was down 0.42 per cent. Traders were cautious after India's services sector expansion slowed to its weakest pace in ‍11 months in December as new business growth eased and hiring stalled. The seasonally adjusted HSBC India Services PMI Business Activity Index slowed down to 58.0 in December from 59.8 in November. On the BSE sectoral front, traders were seen piling up positions in Metal, Healthcare, TECK, IT and Bankex, while selling was witnessed in Energy, Oil & Gas, Utilities, Consumer Disc and Realty.

On the global front, Asian markets were trading higher following the broadly positive cues from US markets overnight. Back home, in the stock specific development, Deep Industries slipped on reporting gas leak at a unit in Andhra Pradesh. 

The BSE Sensex is currently trading at 84984.07, down by 455.55 points or 0.53% after trading in a range of 84958.27 and 85397.78. There were 16 stocks advancing against 14 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.39%, while Small cap index down by 0.42%.

The top gaining sectoral indices on the BSE were Metal up by 0.90%, Healthcare up by 0.71%, TECK up by 0.36%, IT up by 0.28% and Bankex up by 0.16%, while Energy down by 2.24%, Oil & Gas down by 1.92%, Utilities down by 0.70%, Consumer Disc down by 0.63% and Realty down by 0.62% were the top losing indices on BSE.

The top gainers on the Sensex were ICICI Bank up by 2.62%, SBI up by 1.13%, Bajaj Finserv up by 0.93%, Sun Pharma up by 0.77% and Tata Steel up by 0.65%. On the flip side, Trent down by 7.55%, Reliance Industries down by 4.77%, HDFC Bank down by 1.69%, Interglobe Aviation down by 1.18% and Power Grid down by 0.98% were the top losers.

Meanwhile, the Reserve Bank of India’s (RBI's) governor Sanjay Malhotra has emphasized the need for sound underwriting standards and close monitoring of asset quality of non-banking financial Companies (NBFCs) in a meeting held with top official of NBFCs. Further, he has highlighted the important role of NBFCs and Housing Finance Companies (HFCs) in facilitating credit flow.

He also pointed out the criticality of customer-centricity, ethical conduct and responsible lending along with prompt grievance redressal for preserving confidence in the sector and supporting its orderly and sustainable development.

As part of the RBI's ongoing engagement with regulated entities, the Governor held a meeting with the managing directors and chief executive officers (MDs and CEOs) of select NBFCs, including government NBFCs, HFCs and microfinance institutions.

The CNX Nifty is currently trading at 26154.85, down by 95.45 points or 0.36% after trading in a range of 26141.05 and 26273.95. There were 29 stocks advancing against 21 stocks declining on the index.

The top gainers on Nifty were Apollo Hospital up by 2.89%, Hindalco up by 2.81%, ICICI Bank up by 2.65%, Bajaj Auto up by 2.54% and HDFC Life up by 1.43%. On the flip side, Trent down by 7.61%, Reliance Industries down by 4.59%, Tata MotorsPassenger down by 1.86%, HDFC Bank down by 1.71% and Interglobe Aviation down by 1.15% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 558.2 points or 1.08% to 52,391.00, Taiwan Weighted added 341.98 points or 1.12% to 30,447.02, Jakarta Composite gained 23.25 points or 0.26% to 8,882.44, Shanghai Composite strengthened 33.82 points or 0.84% to 4,057.24, KOSPI increased 42.59 points or 0.95% to 4,500.11, Hang Seng advanced 404.76 points or 1.54% to 26,752.00 and Straits Times rose 56.26 points or 1.2% to 4,736.76.
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