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Bourses extend losses in early afternoon session
Jan-08-2026

Indian markets extended their losses in early afternoon session following weak cues from other Asian markets. As for broader indices, the BSE Mid cap index and Small cap index traded with hefty losses. Huge selling in metal sector stocks kept markets lower. Besides, investors turned their focused towards Q3 earnings season. Traders ignored External Affairs Minister S Jaishankar’s statement that India is strengthening its relationship with Europe and both sides can bring greater stability to the international economy and global politics. After holding talks with French Foreign Minister Jean-Noel Barrot in Paris, his remarks came in the face of a factitious geopolitical environment, including global concerns over the way the United States has carried out a military operation in Venezuela to capture President Nicolas Maduro.

On the global front, Asian markets were trading mostly in red as Japan's consumer sentiment decreased slightly in December from a 19-month high in the previous month. The seasonally adjusted consumer confidence index weakened to 37.2 in December from 37.5 in November. Meanwhile, the street had forecast the index to rise to 37.8. 

The BSE Sensex is currently trading at 84352.23, down by 608.91 points or 0.72% after trading in a range of 84230.95 and 84965.27. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 1.40%, while Small cap index was down by 1.46%.

The top losing sectoral indices on the BSE were Metal down by 3.08%, Oil & Gas down by 2.61%, Energy down by 2.14%, Basic Materials down by 2.09%, PSU down by 1.64%, while there were no gaining sectoral indices on the BSE. 

The top gainers on the Sensex were Bharat Electronics up by 0.61%, Eternal up by 0.52%, Hindustan Unilever up by 0.39%, Adani Ports up by 0.34% and ICICI Bank up by 0.33%. On the flip side, TCS down by 2.42%, Tech Mahindra down by 2.33%, Tata Steel down by 2.10%, Bajaj Finserv down by 2.02% and NTPC down by 1.76% were the top losers.

Meanwhile, Indian External Affairs Minister S Jaishankar has held talks with his French counterpart Jean-Noel Barrot in Paris. The two ministers largely focused on preparing ground for French President Emmanuel Macron’s visit to India next month to participate in the AI Summit. Meanwhile, Jaishankar’s visit to France comes against the backdrop of growing global concerns over the US’ capture of Venezuela’s President Nicolas Maduro and his wife in a military operation. 

Jaishankar noted that ‘India and France working together has become important to stabilise global politics’. Further, emphasizing the importance of the talks, he mentioned the larger context of ‘considerable global uncertainty’, and said it is natural for strategic partners to consult ‘very closely’ in such a situation. He has highlighted that the two nations committed to multi-polarity with India chairing the BRICS and France helming the G7 this year, meanwhile, both countries being part of the G20 grouping.

he emphasized that the France is amongst Indian oldest strategic partners and the first in Europe and said that ‘continuous conversation is an important part of nurturing that relationship’. Besides, the minister mentioned about Macron’s upcoming visit to India. Last year in February Prime Minister Narendra Modi had co-chaired the AI Summit along with Macron in Paris.

The CNX Nifty is currently trading at 25923.30, down by 217.45 points or 0.83% after trading in a range of 25884.15 and 26133.20. There were 9 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 0.97%, Eternal up by 0.75%, ICICI Bank up by 0.50%, SBI Life up by 0.50% and Adani Ports up by 0.49%. On the flip side, Hindalco down by 3.84%, ONGC down by 2.67%, JIO Financial down by 2.39%, Wipro down by 2.29% and JSW Steel down by 2.28% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 683.98 points or 1.33% to 51,278.00, Hang Seng declined 389.95 points or 1.47% to 26,069.00, Taiwan Weighted lost 74.92 points or 0.25% to 30,360.55, Straits Times fell 18.5 points or 0.39% to 4,729.12 and Shanghai Composite was down by 2.79 points or 0.07% to 4,082.98. On the flip side, KOSPI increased 1.31 points or 0.03% to 4,552.37 and Jakarta Composite was up by 12.72 points or 0.14% to 8,957.53.
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