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The Indian equity markets extended their decline for a second consecutive session on January 6, with Nifty closing below 26,200 amid selling seen in the oil & gas, media, and energy names.
At close, the Sensex was down 376.28 points or 0.44 percent at 85,063.34, and the Nifty was down 71.60 points or 0.27 percent at 26,178.70. About 1483 shares advanced, 2342 shares declined, and 144 shares were unchanged.
Among sectors, IT, pharma, PSU Bank, metal rose 0.3-1.7 percent, while Infra, media, oil &gas, and capital goods were down 0.6-1.6 percent.
Trent, Reliance Industries, ITC, Kotak Mahindra Bank, Interglobe Aviation were among the top losers on the Nifty, while gainers were Apollo Hospitals, ICICI Bank, HDFC Life, Sun Pharma, and Tata Consumer.
Among the broader market indices the BSE Midcap and smallcap indices ended lower.
STOCKS TODAY
Trent
The shares of Zudio and Westside-parent Trent tumbled almost 8.5 percent after the company released provisional results for Q3 FY26. The company reported standalone revenue from the sale of products at Rs 5,220 crore during the quarter. Analysts expect sustained weakness, advising what strategy investors should take.
NALCO
National Aluminium Company Limited (NALCO) went up 5.32 percent along with other metal company shares, as copper and aluminium prices soared amid global geopolitical tensions and supply constraints. Copper prices soared to an all-time high of $13,253.50 a ton on the LME, driven by fears of shortages and expectations that turmoil in Venezuela could accelerate the broader race to secure critical minerals.
Tata Motors
The shares of Tata Motors Passenger Vehicles dropped more than 1.3 percent on January 6 after the company released Jaguar Land Rover’s wholesale and retail sales numbers for the third quarter of the ongoing FY26. The company said that Jaguar Land Rover’s (JLR) wholesales fell 43.3 percent year-on-year to 59,200 units in Q3 FY26.
IEX
Shares of Indian Energy Exchange ended 8.8 percent higher to close at Rs 146.21 apiece on January 6 amid Electricity Appellate Tribunal’s (APTEL) favourable comments at the hearing on the market coupling norms issued by Central Electricity Regulatory Commission (CERC).
Hindustan Zinc
The shares of Hindustan Zinc rose more than 2 percent on January 6 as silver prices jumped amid geopolitical uncertainties. Silver ETFs also surged, mirroring the sharp rise in the precious and industrial metal. The sharp rise in the bullion’s prices is expected to further boost the stock.
Source – Money Control