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Markets trade under pressure in late morning deals
Jan-09-2026

Indian equity markets added more losses in late morning deals on account of selling in ICICI Bank, Adani Ports, NTPC, Maruti Suzuki and Ultratech Cement companies’ stocks. Rising crude oil prices in international market weighed on the domestic sentiments. Oil prices climbed as investors assessed developments in Venezuela and worried about supplies from Russia, Iraq and Iran. Further, traders were cautious ahead of a U.S. Supreme Court ruling on the legality of U.S. tariffs, which have weighed on markets in recent sessions.  On the BSE sectoral front, traders were seen piling up positions in Oil & Gas, IT, PSU, TECK and Energy, while selling was witnessed in Realty, Power, Utilities, FMCG and Capital Goods.

On the global front, Asian markets were trading mostly in green following mostly positive cues from the US markets overnight. Back home, Highway Infrastructure surged on winning an order worth Rs 328 crore from the National Highways Authority of India.

The BSE Sensex is currently trading at 83966.54, down by 214.42 points or 0.25% after trading in a range of 83888.33 and 84406.22. There were 13 stocks advancing against 17 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.10%, while Small cap index down by 0.60%.

The top gaining sectoral indices on the BSE were Oil & Gas up by 0.67%, IT up by 0.52%, PSU up by 0.41%, TECK up by 0.39% and Energy up by 0.37%, while Realty down by 1.85%, Power down by 0.95%, Utilities down by 0.64%, FMCG down by 0.38% and Capital Goods down by 0.38% were the top losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.69%, Asian Paints up by 1.36%, HCL Technologies up by 1.19%, Bharat Electronics up by 1.01% and Tech Mahindra up by 0.91%. On the flip side, ICICI Bank down by 2.22%, Adani Ports down by 1.40%, NTPC down by 1.26%, Maruti Suzuki down by 0.96% and Ultratech Cement down by 0.86% were the top losers.

Meanwhile, India’s Ambassador to ASEAN Srinivas Gotru has said that the ASEAN-India trade pact is being comprehensively reviewed to make it more trade- facilitating, balanced, and responsive framework aligned with current economic realities. He said the Department of Commerce is leading the talks to modernise the pact and expressed hope that the review would conclude at the earliest.

He noted that if a conclusion happens this year, it could unlock significant value and improve market access for both economies from the ASEAN-India Trade in Goods Agreement (AITIGA). He said the idea is to make this agreement more responsive to current economic realities, adding that the government is urging ASEAN partners to conclude it swiftly. Emphasising the depth of the relationship, he said trade between India and ASEAN stood at around $123 billion in FY25, making the regional bloc one of India’s most important economic partners. He added that cumulative Indian foreign investment into the region has reached nearly $30 billion over the past two decades. Moreover, he noted the region attracts about $200 billion in annual foreign direct investment, making it one of the most vibrant economic zones globally.

Beyond traditional trade, he urged Indian businesses to closely follow the ASEAN Vision 2045 and the proposed Digital Economic Framework Agreement (DEFA). The DEFA, currently in the final stages of negotiation, aims to create an integrated digital marketplace by enabling cross-border data flows and interoperable digital payments. Besides, he said ASEAN is not a short-term opportunity but a long-term strategy for India, and identified manufacturing, pharmaceuticals, information technology, renewable energy and logistics as key sectors for Indian companies.

The CNX Nifty is currently trading at 25804.50, down by 72.35 points or 0.28% after trading in a range of 25790.95 and 25940.60. There were 21 stocks advancing against 29 stocks declining on the index.

The top gainers on Nifty were Eternal up by 1.62%, Asian Paints up by 1.38%, ONGC up by 1.29%, HCL Technologies up by 1.25% and Bharat Electronics up by 1.09%. On the flip side, ICICI Bank down by 2.22%, Adani Enterprises down by 1.54%, Adani Ports down by 1.45%, NTPC down by 1.31% and Max Healthcare down by 1.15% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 777.74 points or 1.52% to 51,895.00, Jakarta Composite gained 34.76 points or 0.39% to 8,960.23, Shanghai Composite strengthened 26.77 points or 0.66% to 4,109.75, KOSPI increased 17.38 points or 0.38% to 4,569.75, Hang Seng advanced 4.69 points or 0.02% to 26,154.00 and Straits Times rose 0.91 points or 0.02% to 4,739.98. However, Taiwan Weighted lost 47.65 points or 0.16% to 30,312.90.
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