5th day of selling drags Nifty below 25,700, Sensex falls 605 pts

The Indian share market indices slipped for a fifth consecutive session on Friday, as investors stayed cautious ahead of the US Supreme Court’s ruling on the legality of Trump-era tariffs due later in the day.At close, the Sensex was down 604.72 points or 0.72 percent at 83,576.24, and the Nifty was down 193.55 points or 0.75 percent at 25,683.30.
Asian Paints, ONGC, Bharat Electronics, HCL Technologies,Eternal were the top gainers on the Nifty, while losers included Adani Enterprises, Shriram Finance, NTPC, ICICI Bank, Jio Financial.On the sectoral front except IT, PSU Bank, Oil & Gas, all other indices ended lower with auto, FMCG, realty, consumer durables down 1-2 percent.Broader indices underperformance continued with BSE Midcap index falling 0.9%, and smallcap index losing 1.7%. For the week, BSE Sensex and Nifty lost 2.5 percent each.
Rupee Close:
On 9 Jan'26,the Indian rupee declined 26 paise to settle at 90.16 against the US dollar on Friday, weighed down by elevated global crude oil prices and persistent foreign fund outflows amid rising geopolitical tensions.A stronger greenback and weak sentiment in domestic equity markets are putting further pressure on the local unit, according to forex traders.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the Indian market remains in a consolidation phase due to weak global cues, rising global bond yields, and persistent FII outflows, all of which weigh on sentiment ahead of the positive Q3 earnings outlook. Domestic risk-off sentiment has intensified amid uncertainty surrounding US-India tariff negotiations and escalating geopolitical tensions.Nevertheless, domestic GDP growth is expected to remain strong, and Q3 results should indicate a recovery led by midcaps, potentially stabilising investor sentiment. Despite these heightened geopolitical headwinds, the market is likely to trade within a range with a mixed bias.
Market experts recommended five shares to buy on Friday INOX India, Ramco Cements Limited, Netweb Technologies India, Sobha, and Onesource Specialty Pharma.

(Business Correspondent)