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Key gauges continue to trade flat in morning deals
Jan-09-2026

Indian equity benchmarks continued to trade flat in morning deals amid relentless foreign fund outflows and renewed concerns over potential US tariff hikes. Foreign institutional investors offloaded equities worth Rs 3,367.12 crore on Thursday, according to exchange data. However, traders took some support with the United Nations stated that India is projected to grow at 6.6 per cent in 2026, registering an exceptionally high growth in a challenging global environment, with resilient private consumption and strong public investment largely offsetting the impact of high US tariffs. Sector-wise, textile industry stocks remained in watch as the Union Textile Ministry has signed Memorandum of Understandings (MoUs) with 15 states to create a robust operational framework to strengthen the textile data systems. On the global front, Asian markets were trading higher after a two-day stutter as traders look ahead to the release of crucial US jobs data and a possible Supreme Court ruling on Donald Trump's sweeping global tariffs.

The BSE Sensex is currently trading at 84114.56, down by 66.40 points or 0.08% after trading in a range of 84019.50 and 84406.22. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.06%, while Small cap index was down by 0.35%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 0.92%, PSU up by 0.68%, Telecom up by 0.60%, Energy up by 0.57% and Consumer Durables up by 0.51%, while Realty down by 1.64%, Utilities down by 0.39%, Power down by 0.38%, Healthcare down by 0.35% and Consumer discretionary down by 0.07% were the losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.61%, Asian Paints up by 1.41%, Bharat Electronics up by 1.14%, HCL Technologies up by 1.10% and Bajaj Finance up by 0.95%. On the flip side, ICICI Bank down by 1.54%, Adani Ports &SEZ down by 1.29%, NTPC down by 1.02%, Sun Pharma down by 0.71% and Interglobe Aviation down by 0.68% were the top losers.

Meanwhile, in order to create a robust operational framework to strengthen the textile data systems, the Union Textile Ministry has signed Memorandum of Understandings (MoUs) with 15 states, marking a transformative step toward evidence-based policymaking. This MoUs were signed under the Textiles-focused Research, Assessment, Monitoring, Planning And Start-Up (Tex-RAMPS) scheme, which aims to improve the comprehensiveness, quality, commitment, and reliability of textile-related products and research. 

The Ministry is providing financial assistance through an annual grant of Rs 12 lakh to each State or Union Territory (UT) under Tex-RAMPS scheme. Furthermore, recognizing that the industry’s core strength resides in its regional clusters, the initiative extends its reach to the grassroots level. This includes an extra grant of Rs 1 lakh per year provided for each district, which will be distributed based on the development and execution of specific district action plans.

The Ministry stated that these MoUs embody the spirit of cooperative federalism. By strengthening the Textiles Statistical System, the government aims to bridge existing data gaps and ensure that the roadmap toward a $350 billion industry is backed by robust, real-time insights.

The CNX Nifty is currently trading at 25856.60, down by 20.25 points or 0.08% after trading in a range of 25818.35 and 25940.60. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.65%, ONGC up by 1.89%, Asian Paints up by 1.53%, Bharat Electronics up by 1.20% and HCL Tech. up by 1.11%. On the flip side, Adani Enterprises down by 1.69%, ICICI Bank down by 1.54%, Adani Ports &Special down by 1.32%, NTPC down by 1.06% and Interglobe Aviation down by 0.93% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 704.74 points or 1.38% to 51,822.00, Taiwan Weighted added 11.94 points or 0.04% to 30,372.49, Jakarta Composite gained 34.76 points or 0.39% to 8,960.23, Shanghai Composite strengthened 12.35 points or 0.3% to 4,095.33, KOSPI increased 21.77 points or 0.48% to 4,574.14, Hang Seng advanced 4.69 points or 0.02% to 26,154.00 and Straits Times rose 4.74 points or 0.1% to 4,743.81. 
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