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Key indices continue to trade lower in morning deals
Jan-07-2026

Indian equity benchmarks continued to trade lower in morning deals, as geopolitical tensions and renewed concerns about potential US tariff hikes weighed on investor sentiments. Sustained foreign fund outflows also dragged markets lower. Foreign institutional investors offloaded equities worth Rs 107.63 crore on Tuesday, according to exchange data. However, losses remain capped as some support came with India Ratings & Research (Ind-Ra) projected Indian economy to grow at 6.9 per cent in the 2026-27 fiscal year beginning April 1 saying key reforms like GST and income tax cuts, and trade pacts will act as economic catalyst and shield economy from global turbulence. Sector-wise, banking stocks remained in watch as the RBI said Supervisory Data Quality Index score of scheduled commercial banks has improved to 90.7 in the September 2025 quarter compared to 89.9 in the April-June period.  On the global front, Asian markets are trading mixed as traders remained cautious ahead to the release of several key U.S. economic reports later in the week. 

The BSE Sensex is currently trading at 84892.44, down by 170.90 points or 0.20% after trading in a range of 84617.49 and 85075.99. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.30%, while Small cap index was up by 0.04%.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.65%, IT up by 1.26%, Healthcare up by 0.80%, TECK up by 0.53% and Metal up by 0.29%, while Utilities down by 0.63%, Telecom down by 0.55%, Auto down by 0.42%, Power down by 0.27% and PSU down by 0.27% were the top losing indices on BSE.

The top gainers on the Sensex were Titan Company up by 4.34%, Sun Pharma up by 2.08%, HCL Technologies up by 1.51%, Infosys up by 1.22% and Tech Mahindra up by 0.96%. On the flip side, Maruti Suzuki down by 1.24%, Bharti Airtel down by 1.06%, HDFC Bank down by 1.00%, Bajaj Finance down by 0.97% and Hindustan Unilever down by 0.94% were the top losers.

Meanwhile, the Federation of Automobile Dealers Associations (FADA) has said that retail vehicle sales across all categories in India rose by 7.71% to 2,81,61,228 units in 2025, up from 2,61,45,445 units in 2024, with GST 2.0 helping overcome a subdued start to the year. It stated passenger vehicle (PV) retail sales stood at 44,75,309 units in 2025 as against 40,79,532 units in 2024, a growth of 9.7 per cent.

Similarly, two-wheeler (2W) sales also grew by 7.24 per cent at 2,02,95,650 units in 2025 as compared to 1,89,24,815 units in 2024. In 2025, three-wheeler retail sales were at 13,09,953 units as compared to 12,21,886 units in 2024, up 7.21 per cent. Commercial vehicles (CV) retail also witnessed a growth of 6.71 per cent at 10,09,654 units in 2025 as against 9,46,190 units in 2024.

FADA President CS Vigneshwar said that 2025 turned out to be a tale of two halves, with the period from January to August remaining subdued despite supportive macro cues such as direct-tax relief in the Union Budget and RBI's cumulative rate easing through 2025. During this phase, customers stayed value-conscious and financier approvals remained selective in pockets, resulting in uneven conversions across markets. 

Vigneshwar said ‘The turning point came from September onwards, when the landmark GST 2.0 rate rationalisation, including meaningful reductions for mass segments like small cars, two-wheelers (up to 350cc), three-wheelers and key commercial categories, improved affordability and lifted sentiment, leading to a clear upshift through September-December.’

The CNX Nifty is currently trading at 26151.50, down by 27.20 points or 0.10% after trading in a range of 26096.65 and 26187.15. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Titan Company up by 4.52%, Sun Pharma up by 2.09%, Wipro up by 2.07%, HCL Technologies up by 1.63% and Infosys up by 1.30%. On the flip side, Cipla down by 2.10%, Tata Motors Passenger down by 1.86%, Maruti Suzuki down by 1.19%, Max Healthcare Inst down by 1.11% and Bharti Airtel down by 1.03% were the top losers.

Asian markets are trading mixed; KOSPI dropped 11.36 points or 0.25% to 4,514.12, Hang Seng declined 252.45 points or 0.95% to 26,458.00, Nikkei 225 slipped 652.08 points or 1.24% to 51,866.00 and Taiwan Weighted lost 140.31 points or 0.46% to 30,435.99.

On the flip side, Jakarta Composite gained 6.85 points or 0.08% to 8,940.46, Shanghai Composite strengthened 6.86 points or 0.17% to 4,090.53 and Straits Times rose 1.37 points or 0.03% to 4,741.34.
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