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Sensex, Nifty trade flat amid persistent foreign fund outflows
Jan-23-2026

Indian equity benchmarks made flat-to-positive start on Friday tracking gains across globe. But, soon markets turned volatile and were struggling for direction. Sensex and Nifty were trading flat in early deals amid persistent foreign fund outflows. Foreign institutional investors (FIIs) net sold equities worth nearly Rs 2,549.80 crore on Thursday. Also, traders remained on sidelines and avoided risky assets ahead of long weekend holiday and Q3 earnings from some blue-chip companies. However, downside remained capped as traders took note of report that External Affairs Minister S Jaishankar has said that stronger relationship between India and the European Union can de-risk the world economy. 

On the global front, Asian markets were trading mostly higher after U.S. stocks advanced for a second consecutive session on easing geopolitical and trade tensions between the United States and Europe.

The BSE Sensex is currently trading at 82297.05, down by 10.32 points or 0.01% after trading in a range of 82191.83 and 82516.27. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index rose 0.24%, while Small cap index was down by 0.16%.

The top gaining sectoral indices on the BSE were Metal up by 1.12%, Consumer Durables up by 0.58%, Basic Materials up by 0.56%, IT up by 0.47% and TECK up by 0.41%, while Realty down by 0.94%, Utilities down by 0.41%, Consumer Discretionary down by 0.30%, Power down by 0.24% and Capital Goods down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 1.26%, TCS up by 1.01%, Tech Mahindra up by 0.95%, Hindustan Unilever up by 0.88% and HCL Technologies up by 0.66%. On the flip side, Eternal down by 2.10%, Interglobe Aviation down by 1.51%, Adani Ports & SEZ down by 1.23%, Power Grid down by 1.08% and Axis Bank down by 0.70% were the top losers.

Meanwhile, amid concerns over US’ tariff on Indian exports, Union Minister of State (Mos) for External Affairs Kirti Vardhan Singh has said India is unlikely to suffer much even if the US imposes higher tariffs, as the strength of the Indian economy has now been realised globally, including by US President Donald Trump. He said that Trump, who had earlier spoken about imposing heavy tariffs on India, has now understood that such measures would not cause significant damage to the country because of its robust economy.

Regarding the perceived softening of Trump's tone towards India, the minister said that currently the entire African continent, the European Union and several other countries across the world are comfortable engaging in imports and exports with India. He said ‘Due to its vast population, India is a large market. No country, especially the US, should think that India's economy depends only on a few nations’.

Singh said that the world has begun to acknowledge the India’s growing power as the country is strong both economically and militarily. He noted that this realisation is gradually becoming clear to everyone. He also said that international agreements are not finalised in a single day and require multiple rounds of discussions at various levels.

The CNX Nifty is currently trading at 25300.25, up by 10.35 points or 0.04% after trading in a range of 25249.10 and 25347.95. There were 28 stocks advancing against 22 stocks declining on the index.

The top gainers on Nifty were Dr. Reddy's Lab up by 1.99%, Asian Paints up by 1.45%, Hindalco up by 1.14%, TCS up by 1.10% and Tech Mahindra up by 1.00%. On the flip side, Eternal down by 2.27%, Adani Ports & SEZ down by 1.30%, Interglobe Aviation down by 1.14%, SBI Life Insurance down by 1.13% and Power Grid down by 1.02% were the top losers.

Asian markets were trading mostly in green; Taiwan Weighted surged 246.21 points or 0.78% to 31,992.29, Nikkei 225 strengthened 109.11 points or 0.20% to 53,798.00, Hang Seng advanced 109.04 points or 0.41% to 26,739.00, Straits Times rose 56.18 points or 1.16% to 4,884.50, KOSPI increased 32.76 points or 0.66% to 4,985.29 and Shanghai Composite was up by 11 points or 0.27% to 4,133.58, while Jakarta Composite declined 106.19 points or 1.18% to 8,885.99.
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