Indian equity benchmark indices, the Sensex and Nifty, opened in red on Monday, January 12, 2026, amid weak global cues, volatile crude prices and persistent selling by Foreign Institutional Investors (FIIs). While the 30-share BSE Sensex shed 140.93 points to start the session at 83,435.31 the Nifty fell by 14.25 points to open at 25,669.05. In the last trading session, the Sensex closed at 83,576.24 and the Nifty 50 at 25,683.30. Similarly, the broader indices traded in the red in the opening session. While the BSE Midcap dipped by 90.55 points, or 0.20 per cent, in the early trading session, the BSE Smallcap index was down by 263.67 points or 0.53 per cent, to trade at 49,648.44.
From the Sensex pack, Asian Paints, Mahindra & Mahindra, ITC, Sun Pharma and HCL Tech were among the major gainers, with Asian Paints leading the pack by gaining 0.65 per cent in the early trade. On the other hand, BEL, Indigo, Eternal, Bajaj Finserv, and L&T were among the losers, with BEL shedding 1.43 per cent in the opening trade. Ahead of Q3 results, shares of TCS and HCL Tech were also in the red in the early trades,
In early trade, 454 stocks in the Nifty pack were trading in the green, while 2,235 were trading in the red. Seventy-two stocks remained unchanged.
"We are of the view that as long as the market trades below the 50-day SMA or 26,000/84900, the weak formation is likely to continue. On the downside, 25,600/83700 would act as an immediate support zone. Below this level, selling pressure is likely to accelerate. Further below, the market could slip to 25,400–25,300/83100-82800. On the upside, above 25,750/84200, we could see a quick pullback up to 25,850–25,900/84500-84700. For Bank Nifty, the 20-day SMA at 59,500 would act as a key level for traders. Below this, the correction wave is likely to continue until 58,800–58,500. Conversely, above 59,500, it could bounce back up to 59,800–59,000," said Shrikant Chouhan, Head Equity Research, Kotak Securities.
What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened with a dip of 20.5 points at 25,795.50, compared to the previous close of 25,816.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,769.31 crore on January 9, 2026, while Domestic Institutional Investors (DIIs) extended their buying streak with net purchases of Rs 5,595.84 crore.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
