Liquide Market Summary 9th January 2026
Indian equity benchmarks extended their losing streak to a fifth consecutive session on January 9, 2026, primarily driven by uncertainty surrounding the US Supreme Court's upcoming verdict on the legality of Trump tariffs, expected later today.
Indian Stock Market Today: Indian equity benchmarks extended their losing streak to a fifth consecutive session on January 9, 2026, primarily driven by uncertainty surrounding the US Supreme Court's upcoming verdict on the legality of Trump tariffs, expected later today.
The markets opened on a weak note amid mixed global cues, with the Nifty slipping below 25,850. As the session progressed, selling pressure intensified, pushing the index to an intraday low of 25,623.
Broader indices continued to underperform, with the BSE Midcap index falling 0.9% and the BSE Smallcap index losing 1.7%. Among sectors, only IT, PSU Bank and Oil & Gas closed higher, while Auto, FMCG, Realty and Consumer Durables ended down by 1-2%.
NIFTY: The index opened 36.45 points lower at 25,840.40, reached a high of 25,940.60 and closed at 25,683.30. Nifty formed a long bearish candle for the second straight session. Its immediate resistance level is now placed at 25,760 while immediate support is at 25,620.
BANK NIFTY: The index opened 128.35 points lower at 59,558.15, reached a high of 59,739.65 and closed at 59,251.55. Bank Nifty formed a bearish candle with minor upper and lower shadows on the daily chart. Its immediate resistance level is now placed at 59,600 while immediate support is around 58,900.
Stocks in News
- Elecon Engineering: Stock slumped nearly 16% after the company reported a 33% decline in standalone net profit for the December 2025 quarter at Rs 61.89 crore.
- Indian Energy Exchange: Stock fell nearly 8% after the Electricity Appellate Tribunal (APTEL) scheduled January 19 as the next hearing date for the market coupling case.
- Manappuram Finance: Stock plunged over 7% after a Reuters report said Reserve Bank of India has raised objections to Bain Capital's plan to acquire a controlling stake in the NBFC.
Other News
- Asian equities finished the day broadly higher, with notable strength seen in South Korea and Japan. The rally was driven by strong performances in key sectors, particularly defence and technology.
- European shares reached an all-time high on Friday, buoyed by a significant 8% surge in Glencore, pushing the STOXX 600 index towards its longest winning streak since May.
- Oil prices stabilized on Friday as concerns about potential disruptions to Iranian output were counterbalanced by expectations of increased supply from Venezuela.
- Gold prices held steady, as cautious sentiment ahead of key U.S. employment data kept investors on the sidelines, while a stronger dollar capped any significant upside.
This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as
i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or
ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or
iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.
With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.