The Indian benchmark indices posted strong gains in early trade on Thursday, after US President Donald Trump walked back on his tariff threats against eight European countries over Greenland ownership. As of 9.25 am, the Sensex added 568 points, or 0.69 per cent to reach 82,477 and the Nifty advanced 160 points, or 0.64 per cent to 25,317. Main broadcap indices overperformed the benchmark indices, with the Nifty Midcap 100 adding 0.94 per cent, and the Nifty Smallcap 100 advancing 1.01 per cent. All sectoral indices were trading in the green, with Nifty auto, PSU bank, media and IT being the notable gainers — up 1.05 per cent, 0.89 per cent, 1 per cent and 0.80 per cent, respectively. Immediate support lies at 25,000 zone, while resistance is now anchored near 25,250–25,300 zone, market watchers said. Asia-Pacific markets rebounded after Trump informed that tariffs won't be imposed on European countries over Greenland. At the World Economic Forum (WEF) in Davos, Trump said that force would not be used to acquire the Arctic island, adding that he had “formed the framework of a future deal with respect to Greenland,” with NATO Secretary General Mark Rutte. Analysts said that Trump's message that the US would “refrain from imposing tariffs on Europe” retracts threat of a US-Europe trade war which was dragging the markets down. The consequent relief rally in the market could be significant since two lakh short contracts are lying in the market, with the market construct appropriate for a short-covering, they said. Though the Q3 profitability of companies was negatively impacted by higher provision for the new labour code commitments, the market will shrug it off as a one time factor, an analyst added. In Asian markets, China's Shanghai index lost 0.12 per cent, and Shenzhen eased 0.12 per cent, Japan's Nikkei added 1.87 per cent, while Hong Kong's Hang Seng Index dropped 0.08 per cent. South Korea's Kospi added 1.97 per cent. The US markets ended in the green in the last trading session as Nasdaq advanced 1.18 per cent. The S&P 500 gained 1.16 per cent, and the Dow added 1.21 per cent. On January 20, foreign institutional investors (FIIs) in India sold net equities worth Rs 1,788 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 4,520 crore. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
22 January,2026 12:29 PM IST | Mumbai | IANSQKX EXCHANGE Seeks Additional International Regulatory Frameworks to Support Global Market Expansion QKX EXCHANGE has announced that it is actively pursuing additional international regulatory frameworks as part of its long-term strategy to expand its presence across global markets. This initiative reflects the company’s focus on building a structured, compliant, and sustainable foundation for international growth. As digital asset markets continue to evolve, regulatory clarity and compliance awareness have become increasingly important for platform development and cross-border operations. QKX EXCHANGE recognizes that operating within diverse regulatory environments requires a proactive and region-specific approach. By engaging with multiple international regulatory frameworks, the company aims to strengthen its operational resilience and support orderly market expansion. The ongoing regulatory efforts are intended to align QKX EXCHANGE’s internal governance, risk management processes, and operational standards with recognized international practices. This includes enhancing internal compliance procedures, strengthening reporting mechanisms, and improving coordination between operational and compliance-related functions across different regions. QKX EXCHANGE views regulatory engagement not only as a compliance requirement but also as a strategic component of long-term platform credibility. By working toward broader regulatory alignment, the company aims to provide users and partners with greater transparency and confidence while operating in a rapidly changing global environment. As part of this initiative, QKX EXCHANGE continues to assess regulatory requirements across multiple jurisdictions and engage with professional advisors and compliance specialists to support its expansion plans. The company emphasizes that regulatory engagement will be conducted in a measured and phased manner, allowing QKX EXCHANGE to adapt to local frameworks while maintaining consistent internal standards. These efforts are closely aligned with QKX EXCHANGE’s broader international growth roadmap, which includes expanding regional operations, strengthening localized partnerships, and enhancing platform infrastructure. By integrating regulatory considerations into its global strategy, QKX EXCHANGE aims to support sustainable development rather than short-term market entry. Looking ahead, QKX EXCHANGE believes that a strong compliance-oriented approach will be essential to supporting its global ambitions. Through ongoing engagement with international regulatory environments, the company aims to build a more resilient operational structure and contribute to the development of a more transparent and orderly digital asset ecosystem. About QKX EXCHANGE QKX EXCHANGE is a global digital asset trading platform committed to providing secure, efficient, and technology-driven trading services. The company focuses on strengthening governance frameworks, enhancing operational transparency, and expanding its global footprint through sustainable growth strategies. By continuously investing in technology, compliance awareness, and international market development, QKX EXCHANGE aims to meet the evolving needs of users and partners worldwide.
22 January,2026 11:25 AM IST | Mumbai | IANSShares of United Spirits Ltd fell more than 3 per cent on the bourses on Wednesday after Diageo-controlled liquor maker's revenue growth in the third quarter ended December 2025 failed to cheer investors. The scrip of the company dipped by 3.07 per cent to Rs 1,278 apiece on the BSE. On the NSE, United Spirits Ltd's (USL) shares slipped by 3.06 per cent to Rs 1,278.20 per piece. The markets are trading in the negative territory, with the 30-share BSE Sensex declining by 196.92 points, or 0.24 per cent, to quote at 81,983.55. The broader NSE Nifty slipped by 40.05 points, or 0.16 per cent, to 25,192.45. On Tuesday, United Spirits Ltd (USL) reported a 24.77 per cent rise in its consolidated net profit to Rs 418 crore for the December quarter of FY26. The company had posted a net profit of Rs 335 crore in the October-December quarter a year ago, according to a regulatory filing by USL. Its revenue from operations rose 2.71 per cent to Rs 7,942 crore in the December quarter under review. It was Rs 7,732 crore in the corresponding period of the previous fiscal. USL's total expenses stood at Rs 7,442 crore, up 2.56 per cent in the December quarter, it added. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
21 January,2026 06:58 PM IST | New Delhi | PTIAsian shares mostly extended their losses on Wednesday and gold prices hit a record high as concerns over US President Donald Trump's tariff threats on Greenland fuelled unease among investors. US futures rose after steep losses Tuesday on Wall Street. The future for the S&P 500 was up 0.3 per cent and that for the Dow Jones Industrial Average rose 0.2 per cent. Gold prices crossed the USD 4,800 mark for the first time, gaining 1.7 per cent as money flowed into assets considered to be safe havens at times of uncertainty.Traders were waiting for Trump's planned speech at the World Economic Forum in Davos, Switzerland, attended by world leaders, elites and billionaires. Trump told reporters he planned to highlight his administration's accomplishments during his address. Trump's Air Force One returned to Washington after its crew identified "a minor electrical issue" while he was on his way to Davos. He was to board another aircraft and resume his trip. Asain-Australian markets In Asian trading, Tokyo's Nikkei 225 slipped 0.7 per cent to 52,603.44. Markets in Japan have been riled both by geopolitical uncertainty and by domestic issues. Japanese Prime Minister Sanae Takaichi has called a snap election for February 8, sending yields of long-term government bonds to record levels. The assumption is that Takaichi, who is capitalising on strong public support ratings to try to consolidate a majority for her Liberal Democratic Party, will cut taxes and boost spending, adding to the challenges Japan faces in handling its massive government debt. The yield on the 40-year Japanese government bond was trading at 4.095 per cent early Wednesday, down from the all-time high of 4.22 per cent that it hit on Tuesday. South Korea's Kospi shed 0.5 per cent to 4,862.17.Hong Kong's Hang Seng slipped 0.2 per cent to 26,435.20. The Shanghai Composite index edged 0.2 per cent higher, to 4,120.10. In Australia, the S&P/ASX 200 gave back 0.4 per cent to 8,781.70.Taiwan's Taiex fell 0.9 per cent, and India's Sensex edged up 0.1 per cent. European Union Trump has said he will impose 10 per cent tariffs on Denmark, Norway, Sweden, Germany, France, the United Kingdom, the Netherlands and Finland beginning in February. That would be on top of a 15 per cent tariff specified by a trade agreement with the European Union that has yet to be ratified. European leaders have hit back as Washington's relations with its Western allies sour, considering countermeasures, including perhaps slow-walking ratification of the trade agreement or ordering retaliatory tariffs, analysts say. The US president had linked his position on Greenland to him not being awarded the Nobel Peace Prize last year, as he told Norway's prime minister he no longer felt "an obligation to think purely of Peace." Wall Street slumps On Tuesday, the S&P 500 fell 2.1 per cent to 6,796.86, the steepest drop for the benchmark index since October. The Dow Jones Industrial Average dropped 1.8 per cent to 48,488.59. The Nasdaq composite fell 2.4 per cent to 22,954.32. Nvidia, one of the world's most valuable companies, fell 4.4 per cent. Apple dropped 3.5 per cent. Retailers, banks and industrial companies also suffered steep losses. Lowe's fell 3.3 per cent, JPMorgan Chase fell 3.1 per cent, and Caterpillar lost 2.5 per cent. The Federal Reserve is set to meet next week for its policy meeting, and Wall Street is betting it will hold steady its benchmark interest rate. Japan's central bank will wrap up its first monetary policy meeting on Friday. In other dealings early Wednesday, US benchmark crude oil lost 56 cents to USD 59.80 per barrel. Brent crude, the international standard, shed 70 cents to USD 64.22 per barrel. The US dollar dropped to 158.08 Japanese yen from 158.16 yen. The euro was nearly unchanged at USD 1.1719 This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
21 January,2026 12:23 PM IST | Hongkong | APBenchmark equity indices Sensex and Nifty drifted lower in early trade on Wednesday as heightened geopolitical tensions, weak global markets and persistent foreign fund outflows rattled investors' sentiment. The 30-share BSE Sensex dropped 385.82 points to 81,794.65 in opening trade. The 50-share NSE Nifty declined 91.5 points to 25,141. From the 30-Sensex firms, Bharat Electronics, ICICI Bank, Trent, Larsen & Toubro, HCL Tech and Infosys were among the laggards. However, Eternal, Sun Pharma, InterGlobe Aviation and Tata Steel were among the gainers. Foreign institutional investors offloaded equities worth Rs 2,938.33 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,665.69 crore, according to exchange data. In Asian markets, South Korea's Kospi index, Japan's Nikkei 225 index and Hong Kong's Hang Seng index quoted lower, while Shanghai's SSE Composite index traded marginally higher. US markets ended sharply lower on Tuesday. The Nasdaq Composite index tumbled 2.39 per cent, S&P 500 dropped by 2.06 per cent and Dow Jones Industrial Average tanked 1.76 per cent. "US equity markets closed sharply lower overnight, with the S&P 500 slipping 2 per cent and the Nasdaq plunging close to 2.5 per cent, marking the worst single-day fall since October. The global sell-off was triggered by renewed trade-war concerns after President Trump escalated tariff threats on select European nations opposing US control over Greenland, with proposed duties rising from 10 per cent in February to 25 per cent by June," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Renewed US tariff threats, coupled with persistent foreign investor selling, continue to weigh heavily on market sentiment, he added.Brent crude, the global oil benchmark, dropped 1.11 per cent to USD 64.19 per barrel. On Tuesday, the 30-share BSE Sensex tumbled 1,065.71 points or 1.28 per cent to settle at 82,180.47. The Nifty tanked 353 points or 1.38 per cent to end at 25,232.50. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
21 January,2026 10:55 AM IST | Mumbai | PTIStock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as relentless foreign fund outflows and geopolitical tensions weighed on investors' sentiment. The 30-share BSE Sensex declined 311.33 points to 82,934.85 in early trade. The 50-share NSE Nifty dropped 99.5 points to 25,486. From the 30-Sensex firms, Eternal, Bajaj Finance, Asian Paints, InterGlobe Aviation, Trent and Bajaj Finserv were among the laggards. However, Kotak Mahindra Bank, State Bank of India, UltraTech Cement and ITC were among the gainers. Foreign institutional investors offloaded equities worth Rs 3,262.82 crore on Monday, while Domestic Institutional Investors (DIIs) remained buyers as they bought stocks worth Rs 4,234.30 crore, according to exchange data. "Heightened geopolitical tensions, along with persistent foreign investor selling and continued weakness in the rupee, are weighing on confidence and likely to cap any meaningful upside in domestic equities even during short-term recoveries. Steady buying by domestic institutional investors continues to act as a key stabiliser, absorbing selling pressure and helping prevent deeper drawdowns in the market," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. In Asian markets, South Korea's Kospi index traded higher, while Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted lower. US markets were closed on Monday for a holiday. Brent crude, the global oil benchmark, went up by 0.11 per cent to USD 64.01 per barrel. On Monday, the Sensex declined 324.17 points or 0.39 per cent to settle at 83,246.18. The Nifty dropped 108.85 points or 0.42 per cent to 25,585.50. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
20 January,2026 10:57 AM IST | Mumbai | PTIEquity benchmark indices Sensex and Nifty declined in early trade on Monday dragged by blue-chips Reliance Industries and ICICI Bank, while sustained foreign fund outflows and global tariff uncertainties also dented investors' sentiment. The 30-share BSE Sensex declined 320.69 points to 83,249.66 in early trade. The 50-share NSE Nifty went down by 124.60 points to 25,573.40. From the 30-Sensex firms, ICICI Bank dropped 3 per cent after its consolidated profit for the December quarter declined 2.68 percent to Rs 12,537.98 crore, hit by an RBI-mandated Rs 1,283-crore provision for agricultural loans wrongly classified as priority sector advances. On a standalone basis, the country's second-largest lender reported an over 4 percent decline in the October-December profit at Rs 12,883 crore. Reliance Industries dipped over 2 percent after the company on Friday reported almost a flat net profit of Rs 18,645 crore for the third quarter, as a decline in gas production and weakness in its retail business offset gains in other segments. Sun Pharma, Infosys, Adani Ports and Bharti Airtel were also among the laggards. However, Tech Mahindra, InterGlobe Aviation, Axis Bank and Hindustan Unilever were among the gainers. Foreign institutional investors offloaded equities worth Rs 4,346.13 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 3,935.31 crore, according to exchange data. "Upside is expected to remain capped by persistent FII outflows, global tariff uncertainties and geopolitical concerns, keeping overall risk appetite cautious," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. In Asian markets, South Korea's Kospi index and Shanghai's SSE Composite index traded higher, while Japan's Nikkei 225 index and Hong Kong's Hang Seng index quoted lower. US markets ended marginally lower on Friday. "President Trump's announcement of fresh tariffs on several European nations, with rates set to rise from 10 per cent to 25 percent by June unless a Greenland deal is reached, added to global jitters," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Brent crude, the global oil benchmark, climbed 0.16 percent to USD 64.23 per barrel. On Friday, the Sensex climbed 187.64 points or 0.23 percent to settle at 83,570.35. The Nifty rose 28.75 points or 0.11 percent to 25,694.35. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
19 January,2026 10:30 AM IST | mumbai | PTIBenchmark indices Sensex and Nifty declined in early trade on Monday as persistent foreign fund outflows, concerns over further US tariffs on Indian exports and geopolitical overhangs dent investors' sentiment. The 30-share BSE Sensex dropped 455.35 points to 83,120.89 in early trade. The 50-share NSE Nifty tanked 135.35 points to 25,547.95. From the 30-Sensex firms, Bharat Electronics, Larsen & Toubro, Eternal, Power Grid, Adani Ports, Infosys, Reliance Industries and Bajaj Finance were among the biggest laggards. However, Hindustan Unilever, Asian Paints, Axis Bank and State Bank of India were among the gainers. Foreign institutional investors offloaded equities worth Rs 3,769.31 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 5,595.84 crore, according to exchange data. "Indian equity markets begin the week on a cautious footing as risk appetite remains restrained amid lingering global uncertainty, continued FII outflows, and geopolitical overhangs. Recent profit-booking across sectors has added to near-term pressure, keeping sentiment defensive," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. In the past five trading days, the BSE benchmark declined 2,185.77 points or 2.54 per cent, and the Nifty tumbled 645.25 points or 2.45 per cent. In Asian markets, South Korea's Kospi index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index traded higher. US markets ended in positive territory on Friday. "The market has turned distinctly weak, weighed down by a series of India-specific and global geopolitical events. Geopolitical developments in Venezuela, the crisis in Iran and Trump's threats regarding Greenland are also being viewed by the markets with concern," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said. Brent crude, the global oil benchmark, climbed 0.24 per cent to USD 63.49 per barrel. On Friday, the Sensex tumbled 604.72 points or 0.72 per cent to sink below the 84,000-level and settle at 83,576.24. The Nifty dropped 193.55 points or 0.75 per cent to 25,683.30. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
12 January,2026 10:32 AM IST | Mumbai | PTIThe Indian benchmark indices posted mild losses early on Friday amid rising geopolitical tensions and renewed threats of 500 per cent US tariffs on Indian goods under the provisions of the Russia Sanctioning Act. As of 9.29 am, Sensex slipped 107 points, or 0.13 per cent to 84,073 and Nifty eased 26 points, or 0.10 per cent to 26,850. Main broad cap indices posted stronger losses compared to benchmark indices, with the Nifty Midcap 100 down 0.29 per cent, while the Nifty Smallcap 100 lost 0.84 per cent. ONGC and Bharat Electronics were among top gainers on the Nifty pack. Nifty realty and media were the top losers, down 2.14 per cent and 1.34 per cent, respectively. All sectoral indices were trading in red, except IT and PSU Bank. Immediate support lies at 25,700–25,750 zone, and resistance placed at 26,150–26,200 zone, market watchers said. After the sharp correction on Thursday triggered by the possibility of about a 500 per cent tariff on India under the provisions of the Russia Sanctioning Act approved by US President Donald Trump, the market will be focused on the verdict, expected from the US Supreme Court on the legality of Trump tariffs, analysts said. On Thursday, Nifty extended its losing streak for a fourth consecutive session, falling 263 points to close at 25,876. Asia-Pacific markets traded mixed in the morning session as investors parsed China's inflation data which accelerated in December to the fastest pace in nearly three years. In Asian markets, China's Shanghai index gained 0.3 per cent, and Shenzhen added 0.57 per cent, Japan's Nikkei advanced 1.14 per cent, while Hong Kong's Hang Seng Index dipped 0.07 per cent. South Korea's Kospi advanced 0.69 per cent. The US markets were mostly in the green zone overnight even as Nasdaq lost 0.44 per cent. The S&P 500 gained 0.01 per cent, and the Dow moved up 0.55 per cent. On January 8, foreign institutional investors (FIIs) sold net equities worth Rs 3,367 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 3,701 crore. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
09 January,2026 10:43 AM IST | Mumbai | IANSEquity benchmark indices Sensex and Nifty declined in early trade on Thursday amid persistent foreign fund outflows and concerns about potential US tariff hikes. The 30-share BSE Sensex declined 255.86 points to 84,705.28 in early trade. The 50-share NSE Nifty went down by 65.9 points to 26,074.85. From the 30-Sensex firms, Tata Consultancy Services, Asian Paints, Maruti, Tech Mahindra, Infosys and UltraTech Cement were among the biggest laggards. However, ICICI Bank, Adani Ports, Bharat Electronics and Hindustan Unilever were among the gainers. Foreign institutional investors offloaded equities worth Rs 1,527.71 crore on Wednesday, while domestic institutional investors bought stocks worth Rs 2,889.32 crore, according to exchange data. "From the fundamental perspective, there is good news for the economy and markets. Advanced estimates project the FY26 GDP growth at an impressive 7.4%. This reflects the underlying resilience of the economy despite Trump tariffs. "However, this strong fundamental is unlikely to reflect in the market very soon since the much-awaited US-India trade deal, which is critical for India's sustained growth and macro-economic stability, is not happening. This and the continuing FII selling are impacting the market," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. The Indian economy is expected to grow by 7.4 per cent in the current fiscal, maintaining its status as the world's fastest-growing major economy despite punitive US tariffs and geopolitical tensions. The First Advance Estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday put GDP growth in 2025-26 (April 2025 to March 2026 fiscal year) at better than 7.3 per cent forecast by the RBI and the government's initial projection of 6.3-6.8 per cent. "With both the Nifty and Bank Nifty holding key support levels but encountering stiff overhead resistance, market sentiment remains cautious amid elevated geopolitical tensions, renewed tariff-related concerns, and continued foreign portfolio outflows," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. In Asian markets, South Korea's Kospi index and Shanghai's SSE Composite index traded higher, while Japan's Nikkei 225 index and Hong Kong's Hang Seng index quoted lower. US markets ended mostly lower on Wednesday. Brent crude, the global oil benchmark, climbed 0.40 per cent to USD 60.20 per barrel. On Wednesday, the Sensex declined 102.20 points or 0.12 per cent to settle at 84,961.14. The Nifty went down by 37.95 points or 0.14 per cent to 26,140.75. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
08 January,2026 11:00 AM IST | Mumbai | PTIThe Indian benchmark indices posted mild losses early on Wednesday amid rising geopolitical tensions and fresh tariff-related concerns, tracking mixed cues from Asian markets. As of 9.30 am, Sensex slipped 156 points, or 0.18 per cent to 84,907 and Nifty eased 54 points, or 0.21 per cent to 26,124. Main broad-cap indices showed clear divergence with benchmark indices, with the Nifty Midcap 100 up 0.22 per cent, while the Nifty Smallcap 100 gained 0.25 per cent. Sectorally, Nifty Auto was the top loser down 0.49 per cent. Sectors such as consumer durables, IT and metal gained 1.15 per cent, 0.91 per cent and 0.53 per cent, respectively. Immediate support lies at 26,000–26,050 zone, and resistance placed at 26,300–26,350 zone, market watchers said. Analysts said that recent market movements have been devoid of any trend and clear direction with few mega stocks disproportionately affecting the market. Despite positive institutional buying, Nifty fell 71 points yesterday due to sharp declines in two stocks, they said. These two stocks' large derivative and cash market volumes indicated settlement day activity, which were technical rather than fundamental, they added. Events and news may cause high volatility in the future with US President Donald Trump's tweet or action remaining a key watch point. Investors also closely watch the US Supreme Court verdict on Trump tariffs. If the verdict goes against the reciprocal tariffs, it will create huge volatility in stock markets, market watchers said. Asian region traded mixed with defence stocks snapping the two-day winning streak. Investors weighed in geopolitical risks after the US attack on Venezuela and renewed rhetoric over Greenland. In Asian markets, China's Shanghai index added 0.29 per cent, and Shenzhen gained 0.35 per cent, Japan's Nikkei lost 0.64 per cent, while Hong Kong's Hang Seng Index shed 1.01 per cent. South Korea's Kospi advanced 1.18 per cent. The US markets were in the green zone overnight as Nasdaq added 0.65 per cent. The S&P 500 gained 0.62 per cent, and the Dow moved up 0.99 per cent. On January 6, foreign institutional investors (FIIs) sold net equities worth Rs 106 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 1,749 crore. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
07 January,2026 10:04 AM IST | Mumbai | IANSADVERTISEMENT
-1769056803682_d.png?tr=w-436,h-271 "Representational Image")
-1768986838222_d.png "USL profit rises and shares decline on weak revenue growth. Representational Pic")
-1768977715827_d.png "Representational Image")
-1768971661085_d.png "Representational Image")
-1768885968708_d.png "Representational Image")
-1768798346551_d.png "Representational Image")
