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Sensex, Nifty trade lower in early deals amid rising geopolitical tensions
Jan-08-2026

Indian equity benchmarks extended previous session’s losses with negative start on Thursday amid mixed global cues. Sensex and Nifty were trading lower in early deals amid rising geopolitical tensions and trade uncertainties. Foreign fund outflows also dented sentiments. On January 07, foreign institutional investors (FIIs) sold net equities worth Rs 1,527.71 crore. However, downside remained capped as the government data showed that India’s Gross Domestic Product (GDP) is likely to grow at a faster pace of 7.4 per cent during 2025-26, compared to 6.5 per cent in the previous year, driven by a strong performance in the services and manufacturing sectors, thus retaining its position as the world's fastest growing major economy.

On the global front, Asian markets were trading mixed with Seoul stocks outperforming after tech giant Samsung Electronics surpassed 20 trillion won (approximately $13.8 billion) in quarterly operating profit for the first time in the fourth quarter of last year. However, Japan's Nikkei index dropped amid the brewing China-Japan tensions. Chemical manufactures declined as China started an anti-dumping probe into dichlorosilane imports from Japan, escalating a dispute between Asia's largest economies.

The BSE Sensex is currently trading at 84829.17, down by 131.97 points or 0.16% after trading in a range of 84678.85 and 84965.27. There were 9 stocks advancing against 21 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index fell 0.58%, while Small cap index was down by 0.17%.

The few gaining sectoral indices on the BSE were Realty up by 0.67%, Capital Goods up by 0.26% and Industrials up by 0.03%, while Metal down by 2.12%, Basic Materials down by 1.25%, Oil & Gas down by 1.17%, Energy down by 0.92% and IT down by 0.89% were the top losing indices on BSE.

The top gainers on the Sensex were Adani Ports & SEZ up by 0.99%, Eternal up by 0.71%, ICICI Bank up by 0.66%, Bharat Electronics up by 0.63% and Titan Company up by 0.44%. On the flip side, TCS down by 1.77%, Ultratech Cement down by 0.89%, Tata Steel down by 0.87%, Asian Paints down by 0.87% and Sun Pharma down by 0.68% were the top losers.

Meanwhile, suggesting measures to achieve India’s goal to become third-largest economy in the world, Union Minister Nitin Gadkari has said that the country, which is the fourth largest economy in the world, needs to cut its imports and have to more focus on increasing exports. He highlighted how agricultural waste can be converted into a valuable national resource and help in reducing the country's crude imports. He also noted that the use of bio-bitumen, a petroleum-free component, in road construction is a transformative step towards the vision of Viksit Bharat 2047.

He added that the country can save nearly $4,500 crore in foreign exchange with 15 per cent blending, and substantially reduce its dependence on imported crude oil. He further said that the country is the first in the world to commercially produce bio-bitumen. This innovation will empower farmers, generate rural livelihoods, and boost the rural economy. He said bio-bitumen truly reflects the government's commitment to sustainable development, self-reliance, and environmentally responsible growth, paving the way for a cleaner and greener future.

He also suggested that agriculture and construction equipment manufacturers should promote vehicles that run on alternative fuels and are powered by flex-engines. He said the government has identified 10 highway stretches in different parts of the country for plying green hydrogen-powered trucks with an aim to reduce vehicular pollution. He emphasised that India should become an exporter of energy, not an importer. He noted the country is spending Rs 22 lakh crore for importing fossil fuels, and because of the import of fossil fuels, the country is facing the problem of pollution.

The CNX Nifty is currently trading at 26082.20, down by 58.55 points or 0.22% after trading in a range of 26049.85 and 26133.20. There were 14 stocks advancing against 35 stocks declining, while 1 stock remained unchanged on the index.

The top gainers on Nifty were Eternal up by 1.73%, Adani Ports & SEZ up by 1.30%, SBI Life Insurance up by 0.83%, ICICI Bank up by 0.79% and Bajaj Finance up by 0.66%. On the flip side, Hindalco down by 2.34%, TCS down by 1.94%, JSW Steel down by 1.77%, Wipro down by 1.53% and HDFC Life Insurance down by 1.34% were the top losers.

Asian markets were trading mixed; Nikkei 225 slipped 607.98 points or 1.17% to 51,354.00, Hang Seng declined 315.95 points or 1.21% to 26,143.00, Taiwan Weighted lost 13.25 points or 0.04% to 30,422.22 and Straits Times fell 6.03 points or 0.13% to 4,741.59. On the other hand, KOSPI increased 29.09 points or 0.64% to 4,580.15, Jakarta Composite gained 26.02 points or 0.29% to 8,970.83 and Shanghai Composite was up by 3.68 points or 0.09% to 4,089.45.
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