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Indices trade marginally lower in late morning deals
Jan-07-2026

Domestic equity indices remained volatile and were trading marginally lower in late morning deals amid geopolitical, tariff concerns. Selling in Maruti Suzuki, HDFC Bank, Power Grid and Interglobe Aviation companies’ stocks weighed on the markets. However, losses remained capped as Indian rupee appreciated 25 paise to 89.93 against the dollar at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks. On the BSE sectoral front, traders were seen piling up positions in IT, Consumer Durables, TECK, Healthcare and Consumer Disc, while selling was witnessed in Utilities, Telecom, Auto Power and Oil & Gas. 

On the global front, Asian markets were trading mostly in red as investors continued to assess geopolitical risks after the U.S. attack on Venezuela and renewed rhetoric over Greenland. Back home, in the stock specific development, Meesho dropped as its one-month shareholder lock-in period came to an end.

The BSE Sensex is currently trading at 84965.06, down by 98.28 points or 0.12% after trading in a range of 84617.49 and 85075.99. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.29%, while Small cap index up by 0.04%.

The top gaining sectoral indices on the BSE were IT up by 1.59%, Consumer Durables up by 1.43%, TECK up by 0.70%, Healthcare up by 0.43% and Consumer Disc up by 0.11%, while Utilities down by 0.80%, Telecom down by 0.78%, Auto down by 0.48%, Power down by 0.38% and Oil & Gas down by 0.33% were the top losing indices on BSE.

The top gainers on the Sensex were Titan up by 4.36%, HCL Technologies up by 1.72%, Eternal up by 1.65%, Tech Mahindra up by 1.51% and Infosys up by 1.33%. On the flip side, Maruti Suzuki down by 1.43%, HDFC Bank down by 1.24%, Power Grid down by 1.21%, Interglobe Aviation down by 1.17% and Tata Steel down by 1.10% were the top losers. 

Meanwhile, Crisil Intelligence in its latest report has said that the share of loans to micro, small and medium enterprises has nearly doubled during January to October 2025 period, aided by public sector banks’ (PSBs) lending. During the period, the share of incremental credit towards MSME loans increased to 32.5% from 17.7% in the year-ago period. Further, the proportion of MSMEs in outstanding credit rose by 1.74%.

However, echoing findings in the Reserve Bank's financial stability report, Crisil has flagged signs of stress in small-ticket, unsecured micro, small and medium enterprises (MSMEs) loans within the overall MSME credit. It noted that PSBs have significant exposures to subprime MSME borrowers. It highlighted that 12.6% of bank credit is exposed to US tariffs, with over 43% of that exposure contributed by the textiles sector alone. During the period, the share of retail secured credit grew to 31.3% of the incremental credit from 24.5% in the year-ago period.

Crisil noted that share of unsecured retail personal loans in incremental credit decreased to 9.7% in October 2025, compared with 11% in the previous year, in line with the regulatory expectations. Further, the retail unsecured loan growth slowed to 9.8% on-year in October 2025 from 11.7% in October 2024. Moreover, the share of incremental credit in rural and semi-urban regions combined increased to 26.3% as of September 2025 from 23.7% as of September 2024, amid a recovery in rural demand. Meanwhile, it pointed out that the share of metropolitan areas declined to 51.6% from 56.2% during this period. Besides, Sluggish private capital expenditure led to a contraction in high-ticket industrial loans for banks during the period.

The CNX Nifty is currently trading at 26142.40, down by 36.30 points or 0.14% after trading in a range of 26096.65 and 26187.15. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Titan up by 4.35%, JIO Financial up by 2.26%, HCL Technologies up by 1.80%, Wipro up by 1.71% and Eternal up by 1.65%. On the flip side, Cipla down by 3.99%, Tata MotorsPassenger down by 2.02%, Max Healthcare Inst down by 1.71%, Maruti Suzuki down by 1.41% and Power Grid down by 1.23% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 507.08 points or 0.97% to 52,011.00, Taiwan Weighted lost 197.71 points or 0.65% to 30,378.59, Shanghai Composite weakened 11.22 points or 0.27% to 4,072.45, KOSPI dropped 4.38 points or 0.1% to 4,521.10 and Hang Seng declined 355.45 points or 1.33% to 26,355.00. However, Straits Times rose 9.28 points or 0.2% to 4,749.25 and Jakarta Composite gained 12.64 points or 0.14% to 8,946.25.
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