Liquide Market Summary 6th January 2026
The Indian equity markets extended their decline for the second consecutive session on January 6, amid selling pressure in oil & gas stocks.
Indian Stock Market Today: The Indian equity markets extended their decline for the second consecutive session on January 6, amid selling pressure in oil & gas stocks. The session began on a negative note, with Nifty falling below 26,200. Despite a brief recovery in the first hour, renewed tensions between the US and Venezuela, along with concerns over US tariffs on India, pulled Nifty down, leading to a close near the day’s low.
Also Read: Is India Safe from the US-Venezuela Tensions?
Among the broader indices, the BSE Midcap index slipped 0.2%, while the BSE Smallcap index fell 0.4%. On the sectoral front, IT, Pharma and PSU Banks rose by 0.5-1.7%, while Infra, Media and Oil & Gas sectors saw a decline of over 1%.
NIFTY: The index opened 60.60 points lower at 26,189.70, reached a high of 26,273.95 and closed at 26,178.70. Nifty formed a small red candle with upper and lower shadows on the daily chart, resembling a Doji-like candlestick pattern. Its immediate resistance level is now placed at 26,250 while immediate support is at 26,100.
BANK NIFTY: The index opened 86.40 points lower at 59,957.80, reached a high of 60,305 and closed at 60,118.40. Bank Nifty formed a bullish candle with upper and lower shadows. Its immediate resistance level is now placed at 60,300 while immediate support is around 59,800.
Stocks in News
- IEX: Stock surged over 10% after the Central Electricity Regulatory Commission (CERC) informed the Electricity Appellate Tribunal that they are open to withdrawing the July 23, 2025 market coupling order, which previously caused a 30% drop in IEX shares.
- KSH International: Stock rose over 3% after Q2 net profit jumped 129% to ₹29.6 crore, with a 51% YoY revenue increase to ₹712.1 crore.
- Bajaj Auto: Stock hit a 52-week high as December sales rose 14% YoY to 3.6 lakh units, aligning with expectations.
Other News
- Asian and European stocks extended their rally on Tuesday, following Wall Street's lead, where gains in oil companies and financials pushed the Dow Jones Industrial Average to an all-time high.
- Oil prices saw a modest rise on Tuesday as the market balanced expectations of ample global supply this year with uncertainty surrounding Venezuelan crude output following the U.S. capture of President Nicolás Maduro.
- Gold prices also edged higher, reaching a one-week peak, driven by safe-haven demand amidst escalating geopolitical tensions triggered by the U.S. capture of Maduro.
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