Nifty 50 closed at 26,178.70, down by 71.6 points (0.27%)
Sensex ended at 85,063.34, a drop of 376.28 points (0.44%)
Broader market indices also felt the heat, with the NSE Nifty Midcap 100 index falling by 0.19% and the NSE Nifty Smallcap 100 dropping by 0.22%. This highlights the widespread impact on the market, as even smaller stocks were unable to stay in the green.
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Impact on the stock market
Sector-wise performance
Sectoral indices presented a mixed picture on Tuesday. While some sectors struggled, others managed to stay afloat amidst the turmoil.
- Nifty Oil and Gas was the worst performer, shedding 1.75% on the back of declines in heavyweight stocks like RIL.
- Nifty Media and Nifty Chemicals also lagged, adding to the market weakness.
On the positive side, Nifty Healthcare and Nifty Pharma ended in the green, reflecting defensive sector strength. These sectors showed resilience as the market digested broader macroeconomic concerns.
| Sector/Index | Performance |
| IT & BPM sector | 0.55% |
| Healthcare sector | 1.85% |
| Oil & Gas sector | -1.75% |
| Real estate sector | -0.33% |
| PSU Bank in India | 0.59% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Apollo Hospital | 7,348.00 | 3.74 |
| ICICI Bank | 1,411.20 | 2.89 |
| HDFC Life | 777.85 | 2.44 |
| TATA Cons. Products | 1,210.40 | 2.39 |
| Sun Pharma | 1,760.20 | 1.81 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Trent | 4,047.60 | -8.63 |
| Reliance | 1,507.60 | -4.47 |
| ITC | 342.45 | -2.07 |
| Kotak Mahindra | 2,146.40 | -2.03 |
| Interglobe Aviation | 5,002.50 | -1.96 |
Market aftermath: Impact on stocks
Trent: A Rough Day for Zudio-Parent as Growth Slows
Shares of Trent faced a sharp decline of 9% on January 6, marking the company’s worst-performing session in a while. This drop followed a weaker-than-expected update for the third quarter of FY26. The company posted revenue of ₹5,220 crore, reflecting a 17% YoY growth — still solid, but below market expectations.
Despite steady revenue growth, Trent’s stock fell as the market adjusted its outlook. Analysts warned of a slowdown in growth momentum and lowered their price targets. With a P/E ratio over 103, the stock is highly sensitive to market corrections, especially in light of weak consumer demand signals.
Technical analysts also noted that Trent’s stock has been trading below its key moving averages, confirming sustained weakness. As one analyst put it, the stock is transitioning from “growth extrapolation to growth verification.”
Bajaj Auto: Riding high on strong exports
On a brighter note, Bajaj Auto showed resilience, rising 3% to hit a fresh 52-week high after Emkay Global upgraded the stock to ‘Buy’ and raised its target price by 17% to ₹11,100. The brokerage cited strong export growth, particularly in Latin America and Asia, as a major catalyst for the upgrade.
Bajaj Auto also reported strong growth in its electric three-wheeler segment, surpassing Mahindra & Mahindra in market share as of December 2025. This solid performance in international markets, coupled with strong domestic demand, has led to improved earnings expectations for the coming quarters.
Tata Motors: Cyberattack and JLR sales drag stock lower
In contrast, Tata Motors Passenger Vehicles saw a significant 4% drop on January 6, following a poor update from its Jaguar Land Rover (JLR) division. JLR’s wholesale sales fell by 43% YoY in Q3 FY26, with retail sales down by 25% YoY. The drop was attributed to a cyberattack that disrupted production and delayed deliveries. However, the company is optimistic that production levels will return to normal by mid-November.
Despite a strong recovery in recent months, JLR’s recent struggles are weighing heavily on Tata Motors’ overall performance. The stock has been volatile, dropping 12% in the past six months and 39.5% from its pre-open price in October 2025.
Crude oil: Prices dip amid US plans for Venezuelan oil boost
Crude oil futures traded lower on Tuesday, reflecting uncertainty around the future of Venezuelan oil production. Brent crude futures for March were down 0.31%, trading at $61.57, while WTI crude futures fell 0.39% to $58.09.
Reports emerged that the US administration is planning meetings with US oil companies to discuss boosting production in Venezuela, which could have a significant impact on global oil supply. If US companies invest in Venezuela’s oil sector, it could lead to an increase in production and impact oil prices in the long term.
On the MCX, January crude oil futures were trading at ₹5,245, a decrease of 0.47%. Given the geopolitical uncertainty surrounding Venezuela, oil prices are likely to remain volatile in the short term.
Conclusion: Mixed sentiment, volatility continues
Tuesday’s market action reflects the ongoing uncertainty across both global and domestic fronts. Heavy selling in large-cap stocks, particularly Reliance Industries and Trent, caused broader market indices to slide. However, there were also pockets of strength, such as Bajaj Auto, which rose on the back of strong exports and new product launches.
In the coming weeks, volatility is expected to continue as investors digest earnings updates, geopolitical news, and changes in global oil dynamics. For now, it remains to be seen whether the current market dip is just a short-term correction or a sign of deeper uncertainty ahead.
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