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WEEKLY REPORT
Indian equity indices experienced a severe downturn during the week ending January 9, 2026, marking their worst weekly performance in over three months. The benchmark Nifty 50 and Sensex fell for five consecutive sessions, erasing approximately Rs 13.49 lakh crore in investor wealth.
BSE Sensex lost lost -2110.95 points or -2.46% to finish at 83,576.24 and the Nifty50 slipped -193.55 points or 1-0.75% to finish at 25,683.30.
During the week, Reliance Industries lost the most in terms of market value, followed by HDFC Bank, Bharti Airtel, and Larsen & Toubro. On the other hand, ICICI Bank, Titan Company, Bharat Electronics, added most of their market-cap.
Sectorally, Nifty Oil & Gas, Nifty Energy, and Nifty Infra indices declined 4–5 percent during the week. Nifty Metal, Realty, Media, and Auto indices also remained under pressure, each slipping more than 2 percent. In contrast, the Nifty Defence index gained 1.3 percent, while the Nifty Consumer Durables index rose 1 percent.
Among the broader market indices, the BSE Large-cap, BSE Mid-cap index and the Small-cap indices lost -2.5, -2.6 and -4.00 percent respectively this week.
Foreign Institutional Investors (FIIs) continued to remain net sellers during the week, offloading equities worth Rs 9,209.90 crore. In contrast, Domestic Institutional Investors (DIIs) provided support to the market, purchasing equities worth Rs 17,594.58 crore.
The Indian rupee witnessed a range-bound action during the week as it traded between 89.73 and 90.29. The INR ended almost flat at 90.16 per dollar on January 9, against January 2, closing at 90.19.
ECONOMY
Venezuela Bondholders Seek Authorization to Start Debt Talks
A key group of Venezuelan bondholders is seeking authorization to begin debt-restructuring negotiations, a step toward resolving the South American country’s long-standing financial crisis. The move signifies a potential shift in efforts to address Venezuela’s unsustainable debt burden, which has hampered economic recovery and foreign investment. Under the proposal, holders of Venezuela’s bonds would aim to negotiate terms that could ease repayment pressures and provide a framework for future financing.
India Likely to Retain Its 4% Inflation Target
India is likely to retain the existing inflation target for its central bank when it is reviewed in March 2026. The flexible inflation targeting in India mandates a 4% headline inflation target within a tolerance band of 2% to 6% has generally kept inflation stable about 75% of the time over the past decade. Stakeholders broadly support continuing with the same framework, signalling policy continuity for price stability.
STOCKS TODAY
Trent
The shares of Zudio and Westside-parent Trent tumbled 9.15 percent this week 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.
PC Jeweller
Shares of PC Jeweller rose over 5 percent over the week after the company reported a strong business update for the third quarter ended December 31, where the company reported a 37 percent growth in standalone revenue for the December quarter of FY26, driven by healthy consumer demand during the ongoing festival and wedding season.
BHEL
Bharat Heavy Electricals Limited (BHEL) shares ended the week almost 9.5 percent lower after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts. The Finance Ministry may lift restrictions on Chinese bidders for government contracts.
Apex Frozen Foods
Shares of the export company went down over 10 percent over the week, along with other export firms, ahead of a key ruling by the US Supreme Court on President Donald Trump’s use of emergency powers to impose tariffs. Analysts said export-linked stocks could see a rally if the court strikes down the tariffs, though they cautioned that alternative policy measures could limit the upside.
Meesho
The shares went down over 5 percent this week after the firm’s one-month shareholder lock-in period expired. The company announced that Megha Agarwal, General Manager – Business and a Senior Management Personnel of Meesho, on January 7, has tendered her resignation. Subsequently, Milan Partani, General Manager – User Growth and Content Commerce and Senior Management Personnel, will assume the role of General Manager – Commerce
Source – Moneycontrol, Reuters