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Markets end near day’s low points on feeble global cues
Jan-08-2026

Continuing their weak trade for the fourth straight session, Indian equity benchmarks ended Thursday’s session near their day’s low points, due to renewed concerns over potential US tariff hikes amid widespread selling pressure in global markets. Deep losses in Metal, Oil & Gas and Power stocks amid unabated foreign fund outflows further added to the negative bias. 

Some of the important factors in trade:

India-Europe partnership can bring stability into global economy and politics: External Affairs Minister S Jaishankar has said that India is strengthening its relationship with Europe and both sides can bring greater stability to the international economy and global politics. 

India needs to cut imports, focus on increasing exports to become 3rd-largest economy: 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.  

Rupee falls slightly against US Dollar: Indian rupee fell marginally against the US dollar, weighed down by a host of factors, including higher crude oil prices, foreign fund outflows, and a stronger greenback.

Auto stocks in focus: The Federation of Automobile Dealers' Association (FADA) in its latest data has showed that electric vehicle (EV) retail sales grew by 16.37 per cent to 22,70,107 units in 2025 as compared to 19,50,727 units in 2024, driven by a 77 per cent jump in electric passenger car sales. 

Global front: European markets were trading mostly in red as investors monitored the latest U.S.-Venezuela developments and awaited upcoming U.S. labor market data for additional clues on the Federal Reserve's trajectory. Asian markets settled mostly down amid escalating China-Japan tensions and ahead of key U.S. jobs data due this week that could influence the Federal Reserve's rate trajectory.

Finally, the BSE Sensex fell 780.18 points or 0.92% to 84,180.96 and the CNX Nifty was down by 263.90 points or 1.01% to 25,876.85.        

The BSE Sensex touched high and low of 84,965.27 and 84,110.10 respectively. There were 4 stocks advancing against 26 stocks declining on the index.

The broader indices ended in red; the BSE Mid cap index fell 1.99%, while Small cap index was down by 1.97%.

The top losing sectoral indices on the BSE were Metal down by 3.34%, Oil & Gas down by 3.15%, Power down by 2.92%, Energy down by 2.64% and Basic Materials down by 2.36%, while there were no gaining sectoral indices on the BSE.

The top gainers on the Sensex were Eternal up by 0.91%, ICICI Bank up by 0.48%, Bajaj Finance up by 0.29% and Bharat Electronics up by 0.01%. On the flip side, Larsen & Toubro down by 3.35%, Tech Mahindra down by 2.94%, TCS down by 2.74%, Reliance Industries down by 2.25% and Tata Steel down by 1.93% were the top losers.

Meanwhile, the 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.

CNX Nifty touched high and low of 26,133.20 and 25,858.45 respectively. There were 4 stocks advancing against 45 stocks declining, while 1 stock remained unchanged on the index.     

The top gainers on Nifty were Eternal up by 0.78%, SBI Life Insurance up by 0.53%, ICICI Bank up by 0.50%, Bajaj Finance up by 0.33% and Bharat Electronics up by 0.13%. On the flip side, Hindalco down by 3.78%, JIO Financial Services down by 3.57%, ONGC down by 3.29%, Wipro down by 3.29% and Tech Mahindra down by 3.03% were the top losers. 

European markets were trading mostly in red; UK’s FTSE 100 decreased 27.71 points or 0.28% to 10,020.50 and France’s CAC fell 23.12 points or 0.28% to 8,210.80, while Germany’s DAX gained 30.74 points or 0.12% to 25,153.00.

Asian markets settled mostly down on Thursday ahead of key US jobs data due this week that could influence the Federal Reserve's rate trajectory. Japanese shares tumbled amid profit-taking in the AI sector and as trade tensions heat up with China by launching an anti-dumping investigation into dichlorosilane, a critical chemical gas used in the manufacture of semiconductors and solar panels. Meanwhile, Japan's real wages in November dropped 2.8% from a year earlier, falling for the 11th straight month and at the fastest pace since last January. Although, South Korea's Kospi index ended nearly flat after hitting a fresh all-time high earlier in the session, driven by strong demand for semiconductor shares and robust earnings forecasts from companies like Samsung Electronics.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,082.98

-2.79

-0.07

Hang Seng

26,149.31

-309.64

-1.17

Jakarta Composite

8,925.47

-19.34

-0.22

KLSE Composite

1,669.57

-7.26

-0.43

Nikkei 225

51,117.26

-844.72

-1.63

Straits Times

4,739.07

-8.55

-0.18

KOSPI Composite

4,552.37

1.31

0.03

Taiwan Weighted

30,360.55

-74.92

-0.25
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