Mumbai, India — January 7, 2026
Indian equity benchmarks opened lower on Wednesday, January 7, 2026, extending losses in early trade after weak signals from GIFT Nifty. Selling pressure in heavyweight stocks dragged the broader market into negative territory.
As of morning trade, the Sensex was down nearly 376 points, or 0.44%, trading at 85,063.34. The Nifty 50 slipped 71 points, or 0.27%, to 26,178.70.
In contrast, the Nifty Bank index showed relative resilience, edging up 0.12% to trade around 60,118, supported by selective buying in banking stocks.
Top Gainers and Losers
| Top Gainers | Change | Top Losers | Change |
|---|---|---|---|
| Apollo Hospitals | +3.74% | Trent | -8.63% |
| ICICI Bank | +2.89% | Reliance Industries | -4.47% |
| HDFC Life | +2.44% | ITC | -2.07% |
| Tata Steel | +1.30% | Kotak Mahindra Bank | -2.00% |
Why the Market Is Falling
The early decline is largely attributed to profit booking after recent record highs, with investors trimming positions in heavyweight stocks such as Reliance Industries and select financials.
Cautious sentiment also prevailed due to uncertain global macroeconomic signals and trade-related concerns, prompting investors to adopt a risk-off approach.
On the sectoral front, infrastructure, media, and oil & gas stocks witnessed selling pressure, with sectoral indices declining between 0.6% and 1.6%.
Other Key Market Updates
Rupee: The Indian rupee opened largely flat against the US dollar at 90.17–90.18.
Stocks to Watch: Shares of Titan, Godrej Consumer Products, Yes Bank, and Coal India remain in focus. Coal India is drawing attention amid developments related to the BCCL IPO.
Market participants are expected to track global cues, currency movement, and sector-specific developments for further direction during the session.
