Weekly market update, Jan 09, 2026

Indian equity indices ended the week in the red amid weak global cues and heightened uncertainty. A major overhang for the markets remains escalating US-India tariff concerns. Key benchmark indices BSE SENSEX and Nifty 50 lost 2.55% and 2.45% respectively. The broader market indices, BSE Midcap and BSE Smallcap lost 2.60% and 3.87%, respectively. On the sectoral front, most sectoral indices declined. Consumer durables emerged as the sole outlier rising 2.4% during the week. In contrast, oil and gas plunged 5.4%, followed by power and capital goods, which fell 4.4% and 2.5%, respectively.

Looking ahead, markets will focus on the December-quarter earnings season, which kicks off next week with IT heavyweights, TCS and HCL Technologies reporting numbers on Monday. Nearly 40 Nifty 500 companies will announce Q3FY26 results, with Infosys, Wipro, and Reliance Industries expected to set the broader market tone. Globally, markets will keenly watch developments around the US Supreme Court verdict on the legality of Trump-era tariffs, which could act as a key sentiment driver.

Please click here to read the detailed report: https://lnkd.in/gm8Dz4dB