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Equity benchmark indices Sensex and Nifty fell sharply by astir 1% connected Thursday (January 8, 2026), continuing their anemic momentum for the 4th consecutive session, owed to renewed concerns implicit imaginable U.S. tariff hikes amid wide selling unit successful planetary markets.
Deep losses successful metal, lipid & gas, and commodity stocks amid unabated overseas money outflows added to the pressure, analysts said.
The 30-share BSE Sensex tanked 780.18 points, oregon 0.92%, to settee astatine 84,180.96. During the day, it plummeted 851.04 points, oregon 1%, to 84,110.10.
The 50-share NSE Nifty tumbled 263.90 points oregon 1.01% to 25,876.85.
From the 30-Sensex firms, Larsen & Toubro, Tech Mahindra, Tata Consultancy Services, Reliance Industries, Tata Steel, and Trent were among the biggest laggards.
On the different hand, Eternal, ICICI Bank, Bajaj Finance and Bharat Electronics were the gainers.
U.S. President Donald Trump has backed a sanctions measure that could enforce 500% tariffs connected countries buying Russian oil, giving the White House leverage against countries similar China and India to halt them from purchasing inexpensive lipid from Moscow.
U.S. Senator Lindsey Graham connected Wednesday (January 7, 2026) said the authorities would springiness the White House "tremendous leverage" against countries similar China, India and Brazil to incentivise them to halt buying inexpensive lipid from Russia.
"Domestic markets extended losses arsenic sentiment turned cautious amid renewed concerns implicit U.S. tariffs and persistent Foreign Institutional Investor (FII) outflows, overshadowing optimism astir net growth," Vinod Nair, Head of Research, Geojit Investments Limited said.
In Asian markets, South Korea's Kospi scale was higher, portion Japan's Nikkei 225 index, Shanghai's SSE Composite scale and Hong Kong's Hang Seng scale ended lower.
Markets successful Europe were trading marginally lower. U.S. markets ended mostly little connected Wednesday (January 7).
Brent crude, the planetary lipid benchmark, roseate 0.75% to $60.42 per barrel.
On Wednesday (January 7), the Sensex declined 102.20 points, oregon 0.12%, to settee astatine 84,961.14. The Nifty went down by 37.95 points oregon 0.14% to 26,140.75.
