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Bears take full control over Dalal Street in late trade
Jan-09-2026

Indian equity markets extended losses during late trade amid fears of additional US tariffs. US President Donald Trump has greenlit a sanctions bill that could impose 500% tariffs on countries buying Russian oil. Besides, persistent selling by foreign institutional investors (FIIs) has made traders nervous. The FIIs were the net sellers of equities worth Rs 3,367.12 crore on Thursday’s trade. Moreover, market participants awaited for U.S. Supreme Court ruling on the legality of President Donald Trump's sweeping tariffs.

On the global front, Asian equity markets were mostly in green as investors eyed U.S. jobs data. All European equity markets were trading higher after data showed Germany's industrial output unexpectedly rose for a third straight month in November.

The BSE Sensex is currently trading at 83503.18, down by 677.78 points or 0.81% after trading in a range of 83476.35 and 84406.22. There were 6 stocks advancing against 24 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 1.12%, while Small cap index was down by 1.77%.

The gaining sectoral indices on the BSE were Oil & Gas up by 0.30% while, Realty down by 2.73%, Power down by 2.05%, Utilities down by 2.02%, Telecom down by 1.53%, Consumer Disc down by 1.24% were the losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 1.41%, Bharat Electronics up by 0.72%, HCL Tech. up by 0.47%, Reliance Industries up by 0.20% and Tech Mahindra up by 0.16%. On the flip side, NTPC down by 2.51%, ICICI Bank down by 2.11%, Bharti Airtel down by 2.05%, Adani Ports &Special down by 1.90% and Sun Pharma Inds. down by 1.88% were the top losers.

Meanwhile, with India’s steady rise in global science and innovation indicators, Secretary of Department of Science and Technology (DST) Abhay Karandikar has highlighted India’s ranking among the top three countries globally in science and engineering publications and PhD production. He also added that the country has reached sixth position worldwide in patent filings by resident Indians. 

Karandikar also emphasized improved position of India in the Global Innovation Index which reached from 90th to 30th over the last decade, reflecting sustained efforts to strengthen the research and innovation ecosystem. Apart from this, DST Secretary listed key sectoral missions which are helping to shape India’s future technology landscape, such as the National Quantum Mission, development of sovereign AI models for Indian languages and public-sector applications, and bio-manufacturing initiatives under the Bio-E3 policy, citing early successes in indigenous quantum technologies and India-specific AI models. 

The Secretary further said that enhancing industry-academia collaboration and increasing private sector participation in R&D are essential to bridge the gap between laboratory research and societal and economic impact. He also highlighted initiatives such as the Anusandhan National Research Foundation (ANRF) and the Rs 1 lakh crore Research, Development and Innovation (RDI) fund to support deep-tech and high-impact projects.

The CNX Nifty is currently trading at 25661.25, down by 215.60 points or 0.83% after trading in a range of 25648.40 and 25940.60. There were 10 stocks advancing against 40 stocks declining on the index.

The top gainers on Nifty were Asian Paints up by 1.49%, ONGC up by 1.11%, Bharat Electronics up by 0.87%, HCL Tech. up by 0.56% and Cipla up by 0.31%. On the flip side, Adani Enterprises down by 2.94%, Shriram Finance down by 2.63%, NTPC down by 2.61%, Bajaj Auto down by 2.07% and ICICI Bank down by 2.06% were the top losers.

Asian equity markets were mostly in green; Nikkei 225 surged 847.74 points or 1.63% to 51,965.00, Hang Seng advanced 50.69 points or 0.19% to 26,200.00, KOSPI increased 33.95 points or 0.74% to 4,586.32, Straits Times rose 4.82 points or 0.1% to 4,743.89, Shanghai Composite strengthened 37.45 points or 0.91% to 4,120.43 and Jakarta Composite gained 4.63 points or 0.05% to 8,930.10, while Taiwan Weighted lost 71.59 points or 0.24% to 30,288.96.

European equity markets were trading higher; UK’s FTSE 100 increased 43.4 points or 0.43% to 10,088.09, France’s CAC rose 47.23 points or 0.57% to 8,290.70 and Germany’s DAX gained 102.84 points or 0.41% to 25,230.30.
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