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Stock Market Live Updates | Gift Nifty Signals Weak Open, Nifty in Range
By Bajaj Broking Team
January 08, 2026
8 mins read
Market News
Synopsis:
Today’s share market’s key developments include: Gift Nifty indicates a negative start, with Nifty likely to consolidate between 25,970 and 26,300. GlandPharma receives FDA approval, Angel One plans a stock split meet, Balaji Amines secures incentives, while FIIs sold ₹1,527.71 crore and DIIs bought ₹2,889.32 crore.
4:00 PM IST
Closing Bell | Sensex sinks 780 points | Nifty closes below 25,900
Indian equity markets closed sharply lower, with the Sensex sliding 780 points and the Nifty falling below 25,900 amid broad-based selling. The rupee weakened to ₹90.0175 against the U.S. dollar, ending 0.15% lower. Realty and technology stocks saw selective gains, led by Embassy Developments and Sobha. Heavy selling pressure hit PSU and mid-cap names, with BHEL, Avanti Feeds, DSJ Keep Learning, and MOIL emerging as major laggards during the session.
2:40 PM IST
Stock Market LIVE Update | Sensex slides nearly 600 points | Nifty trades below 25,950
Indian equities remained under pressure as the Sensex slipped nearly 600 points, while the Nifty traded below the 25,950 mark. Banking and metal stocks led the decline, with YES Bank, NMDC, Hindustan Copper, and Tata Steel among the key laggards. Select stocks such as Trident and IDFC First Bank showed resilience. Separately, Granules India announced that its US subsidiary received tentative USFDA approval for generic amphetamine extended-release tablets for ADHD, along with eligibility for 180-day market exclusivity.
1:30 PM IST
Stock Market LIVE Update | Sensex slides 650 points | Nifty slips below 25,950
Indian markets saw a steep sell-off with the Sensex sliding 650 points and the Nifty moving below 25,950. BHEL commenced supply of traction converters for the Vande Bharat Sleeper train. Gujarat Pipavav Port reported mixed Q3 volumes, with container traffic down 1.7% year on year, while dry bulk rose 20.8%. In Asia, Japan’s Nikkei fell for a second session as investors booked profits in AI and chemical stocks amid rising trade tensions. Market breadth remained weak across indices regionally.
12:30 PM IST
Stock Market LIVE Update | Sensex falls nearly 600 points | Nifty slips below 25,950
Indian equities saw sharp losses as the Sensex slipped nearly 600 points and the Nifty moved below 25,950. Trident, Embassy Developments, Future Lifestyle Fashions, AIA Engineering and One Mobikwik Systems led gains in early trade. Oil and gas stocks extended losses for the fourth straight session, with the sector index down over 5 percent this week. HPCL, BPCL, Petronet LNG, IOC, ONGC and Oil India traded lower amid sector-wide pressure.
11:50 AM IST
Stock Market LIVE Update | Sensex falls 550 points | Nifty slips below 25,950
Indian equities saw sharp losses as the Sensex dropped 550 points and the Nifty slipped below 25,950 amid broad-based selling. Lemon Tree Hotels shares declined about 1 percent after the company rejected reports of a stake acquisition by Warburg Pincus. Kalyan Jewellers shares also fell nearly 1 percent despite reporting a 42 percent year-on-year revenue rise in its Q3 update. Global risk sentiment remained weak, with cryptocurrencies under pressure ahead of key global developments.
11:00 AM IST
Stock Market LIVE Update | Sensex falls over 300 points | Nifty slips below 26,050
Indian equities weakened as the Sensex slipped over 300 points and the Nifty traded below 26,050. Gold prices stayed firm across key cities, with 22-carat rates near ₹1.04 lakh per 8 grams and 24-carat close to ₹1.12 lakh. Amagi Media Labs announced its ₹1,788-crore IPO opening on January 13, priced at ₹343–361 per share. Meanwhile, Thangamayil Jewellery shares surged 28 percent in three sessions amid positive Q3 updates.
10:10 AM IST
Stock Market LIVE Update | Sensex slips over 200 points | Nifty trades below 26,100
Indian equities opened lower, with the Sensex slipping over 200 points and the Nifty trading below 26,100. Nifty valuations have remained largely unchanged for nearly a year, with the upcoming Q3 earnings season seen as a key trigger. Torrent Pharmaceuticals plans to raise up to ₹125 billion via bonds to fund an acquisition, while the RBI intervened again to support the rupee, which recovered to 89.8550 per U.S. dollar. Several frontline stocks declined at the open.
9:20 AM IST
Stock Market LIVE Update | Sensex falls 100 points | Nifty slips below 26,150
Indian equities opened lower as the Sensex slipped 100 points and the Nifty traded below 26,150, while the rupee weakened by 8 paise to 89.95 against the US dollar. Aditya Birla Sun Life Mutual Fund expects equity returns of 10–12 percent in 2026, supported by steady earnings growth. Jewellery stocks advanced on strong Q3 sales and rising gold demand. Tata Steel drew attention after reporting record Q3 crude steel output and deliveries, up 12 percent year-on-year.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty singnals a negative opening for the Indian market. Nifty spot in today's session in likely to extend consolidation in the range of 25,970-26,300.
INDIA VIX: 9.95 | -0.068 (0.67%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
The yield on the US 10-year Treasury was down more than 3 basis points to 4.142%.
Currency:
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.04% and is currently placed around 98.50 levels.
Commodities:
Gold prices fell around 1% on Wednesday as investors booked profits after a recent rally. Among other metals, spot silver lost 4.1% to $77.93 per ounce.
Brent crude futures fell 1.22%, to close at $59.96 a barrel.
Asian Markets
General Trends:
Asia-Pacific markets opened mixed on Thursday after Wall Street closed in the red on growing geopolitical tensions and comments from U.S. President Donald Trump.
Sector-Specific Indicators:
Japan’s benchmark Nikkei 225 index opened 0.46% lower, while the Topix index retreated 0.27%.
South Korea’s Kospi added 0.12%, while the small-cap Kosdaq climbed 0.1%.
India Market Outlook
Market in the Previous Session:
Indian equity markets ended lower for the third consecutive session on January 7, as persistent selling and cautious sentiment kept investors on the sidelines.
Rising geopolitical tensions and renewed tariff concerns further weighed on risk appetite.
At the close, the Sensex slipped 102.20 points, or 0.12 percent, to 84,961.14, while the Nifty declined 37.95 points, or 0.14 percent, to settle at 26,140.75.
On the sectoral front, consumer durables, IT, and pharmaceutical stocks led the gains, rising between 0.5 and 1.85 percent. Meanwhile, auto, oil & gas, realty, and telecom stocks witnessed mild selling pressure, falling in the range of 0.5–0.8 percent.
The broader market outperformed, with the midcap gaining 0.45 percent, while the small-cap index ended higher by 0.39 percent.
TRADE SETUP FOR JAN 08
Nifty Short-Term Outlook:
The index has formed a doji candle with a lower high and a lower low signalling extension of the consolidation with corrective bias for the third session in a row after last week strong up move.
We believe overall structure remain positive and the current breather should be used to accumulate quality large and mid-cap stocks from short term perspective. Nifty has key support around 26,000-25,900 being the confluence of the 50 days EMA and the rising demand line joining the last four months lows.
In the coming sessions index is likely to extend consolidation in the range of 26,000-26,370. Within the consolidation a move above Wednesday high (26,187) will open upside towards the upper band of the range placed around 26350 levels.
Overall, we expect the index to hold above the support area of 26,000-25,900 and gradually head higher towards 26,500 initially followed by 26,800 levels from a short-term perspective.
Intraday Levels:
Nifty: Intraday resistance is at 26,190, followed by 26,300 levels. Conversely, downside support is located at 26,060, followed by 25,970.
Bank Nifty: Intraday resistance is positioned at 60,230, followed by 60,440, while downside support is found at 59,760, followed by 59,550.
Derivative Market Analysis
Nifty:
The highest call OI at 26,500 marks a strong supply zone, while the highest put OI at 25,500 continues to act as a broader base.
Call writers were aggressive above 26,000, with the highest addition at 26,200, signalling stiff overhead resistance.
On the downside, put writers remained active below 26,200, with maximum additions at 26,100, making this a crucial short-term support.
A sustained move above 26,200, supported by call writer unwinding, would signal a resumption of the uptrend. Until then, the pullback appears corrective and should be used to add to positions.
Bank Nifty:
Bank Nifty shows the highest call and put OI at 59,500, followed by 60,000, marking key pivot levels.
Put writers unwound positions between 60,000–60,400, indicating weakening near-term support, while call writers remained active at 60,000, 60,500, 61,000, and 61,500, highlighting overhead resistance.
Although the option chain currently looks bearish, the decline appears driven by profit booking.
The broader undertone remains bullish, and further dips should be used as buying opportunities for positional traders.
US Share Market News
Performance Overview:
The S&P 500 closed lower after reacting lower from fresh all-time intraday highs on Wednesday, as a climb in Alphabet wasn’t enough to offset losses in the chip stocks as investors appeared take profit after recent gains.
Sector-specific indicator:
The blue-chip Dow Jones Industrial Average fell 0.9%, benchmark S&P slipped 0.3% after earlier hitting an all-time intrady high of 6,965.69, and the tech-heavy Nasdaq Composite rose 0.2%.
U.S. private employers added fewer jobs than anticipated in December, although the figure was a reversal from a steep decline in the preceding month. Private payrolls rose by 41,000 in the last month of 2025, compared to a dip of 29,000 in November, according to monthly figures from ADP. Economists had anticipated a reading of 49,000.
Economic indicator:
Investors this week are awaiting the Supreme Court’s opinions on the legality of tariffs imposed by Trump expected Friday, which could lead to some potential market volatility.
On Economic data Investor around the world will keep a close watch at the U.S. December jobs report due on Friday.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Published Date :
08 Jan 2026
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