Indian Market Wrap: Nifty Slips Below 25,700 as Global Trade Risks Weigh

On: Friday, January 9, 2026 6:57 PM

By: Nodel

Nodel

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Indian equities extended losses for a fifth straight session on Friday, January 9, 2026, amid heightened global trade uncertainty and sustained foreign fund outflows. The Nifty 50 declined 193.6 points to close at 25,683.3, while the Sensex fell 604.7 points to 83,576.2.

Sentiment remained fragile due to concerns over potential punitive U.S. tariffs on countries importing Russian oil and uncertainty surrounding an impending U.S. Supreme Court ruling on key trade measures.

The rupee weakened by 26 paise to 90.16 per dollar, pressured by FII selling and a firm U.S. dollar. In commodities, Brent crude rose 0.6% to $62.36 per barrel, adding to inflationary and fiscal concerns.

Technically, analysts see immediate support near 25,600, with resistance around 26,150, as the index trades decisively below the 26,000 mark.

 

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