Daily Finance Pulse India - 09 January 2026
Indian equities head into 2026-01-09 on a weak footing after a sharp sell-off on January 8, with Nifty slipping below 25,900 and ₹8 lakh crore in market value wiped out, while global markets stay choppy on trade and tariff worries; stock market ahead for India on 2026-01-09: open; overall tone: bearish.
1/10
**Slide: Indian benchmarks extend sell-off, investors dump large caps**
2026-01-08 · Indian stock markets saw a sharp sell-off on Thursday as the Nifty 50 fell for the fourth straight session, closing below its 20-day moving average of 26,000 and failing to hold 25,900, with about ₹8 lakh crore in market capitalisation wiped out and Reliance Industries the biggest drag on the index.[4]
Impact: Broad-based weakness and sustained selling in heavyweights signal heightened downside risk for Indian equities near term.
2/10
**Drop: Nifty logs worst day in a month as Sensex cracks 780 points**
2026-01-08 · The Nifty 50 ended around 25,876 and logged its worst single-day fall in a month, while the Sensex slumped about 780 points amid mixed global cues and pressure from weekly derivatives expiry, even as foreign investors remained net sellers and domestic institutions absorbed part of the supply.[2]
Impact: The combination of technical damage and persistent FII outflows raises caution for traders into the next session.
3/10
**Weakness: Sensex trades lower, Nifty hovers near 26,100 as metal stocks drag**
2026-01-08 · During Thursday’s session, the Sensex traded lower while the Nifty hovered just above 26,100 as sectoral moves turned mixed, with financials and capital goods seeing some buying but metals and IT under selling pressure, and the rupee trading near 89.8 against the US dollar.[1]
Impact: Sector rotation and currency softness underline investors’ preference for defensives while risk appetite stays muted.
4/10
**Bounce: Trident surges on heavy volumes after strategic acquisition**
2026-01-08 · In contrast to the weak broader market, Trident Limited shares jumped over 8% intraday and traded up nearly 5% around ₹27.5 by late morning, with trading volumes surging about 11 times the recent average after the company pursued a strategic acquisition to strengthen its global brand presence.[3]
Impact: Stock-specific corporate actions continue to create pockets of outperformance even during broad market corrections.
5/10
**Partnership: Infosys teams with AWS to accelerate generative AI adoption**
2026-01-07 · Infosys announced a partnership with Amazon Web Services to integrate its AI-first platform Topaz with AWS’s generative AI tools, including Amazon Q Developer, aiming to speed up enterprise deployment of generative AI and expand related services revenue.[1]
Impact: The tie-up strengthens India’s IT export story and could support valuations in large-cap IT despite short-term market volatility.
6/10
**Results: Tata Steel posts record quarterly crude steel output in India**
2026-01-08 · Tata Steel reported its best-ever quarterly crude steel production in India at 6.34 million tonnes in Q3 FY26, up 12% year-on-year and quarter-on-quarter, driven by higher output at Jamshedpur and Kalinganagar and strong performance in automotive, branded products, industrial products and value-added segments.[1]
Impact: Robust volume growth from a key steel producer supports the outlook for India’s manufacturing and infrastructure demand.
7/10
**Flows: FIIs sell while DIIs buy as volatility spikes in Indian markets**
2026-01-08 · Foreign institutional investors were net sellers of around ₹1,669 crore in Indian equities on January 7, while domestic institutional investors bought nearly ₹2,992 crore, even as the India VIX jumped about 6% alongside the Nifty’s sharp decline.[2]
Impact: Domestic buying is cushioning the market, but sustained FII outflows remain a key overhang for index stability.
8/10
**Macro: Global trade and tariff worries weigh on Indian risk sentiment**
2026-01-08 · Indian equities opened under pressure on Thursday as renewed global trade uncertainties and concerns around US tariff developments hit risk appetite, contributing to early declines of about 0.2% in the Sensex and 0.3% in the Nifty before losses deepened later in the day.[3]
Impact: India’s markets remain sensitive to external trade and policy shocks, reinforcing the importance of global headlines for local positioning.
9/10
**FX: Rupee weakens towards 90 per US dollar amid equity sell-off**
2026-01-08 · The Indian rupee traded around 89.8 against the US dollar during Thursday’s session, softening alongside the fall in domestic equities as investors reacted to global risk-off sentiment and persistent foreign fund outflows.[1]
Impact: A weaker rupee could add to imported inflation pressures and influence RBI’s policy calculus as well as foreign investor returns.
10/10
**Outlook: Fund house projects 10–12% equity returns for India in 2026**
2026-01-08 · Aditya Birla Sun Life Mutual Fund said it expects Indian equities to deliver returns of about 10–12% in 2026, underpinned by steady earnings growth for Nifty companies, even as near-term volatility stays elevated after the latest market correction.[5]
Impact: Despite the current sell-off, institutional projections of double-digit returns support a medium-term constructive view on Indian stocks.