Stock markets decline in early trade dragged by IT firms

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A antheral   looks astatine  a surface  extracurricular  the Bombay Stock Exchange (BSE) successful  Mumbai.

A antheral looks astatine a surface extracurricular the Bombay Stock Exchange (BSE) successful Mumbai. | Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty declined successful aboriginal commercialized connected Monday (January 5, 2026), dragged by blue-chip IT stocks.

The 30-share BSE Sensex dropped 125.96 points to 85,636.05 during aboriginal trade. The 50-share NSE Nifty dipped 30.95 points to 26,297.60.

From the 30-Sensex firms, HCL Tech, Infosys, Tech Mahindra, HDFC Bank, Tata Consultancy Services, and NTPC were among the biggest laggards.

However, Bharat Electronics, Tata Steel, Axis Bank, and Reliance Industries were among the gainers.

Foreign Institutional Investors (FIIs) bought equities worthy ₹289.80 crore connected Friday (January 2, 2026), according to speech data. Domestic organization investors (DIIs) besides bought stocks worthy ₹677.38 crore.

"The twelvemonth 2026 has begun with large geopolitical developments which tin person profound consequences. The U.S. enactment successful Venezuela has the imaginable to further destabilise planetary geopolitics," V.K. Vijayakumar, main concern strategist, Geojit Investments Ltd, said.

In Asian markets, South Korea's Kospi index, Japan's Nikkei 225 scale and Shanghai's SSE Composite scale were trading importantly higher, portion Hong Kong's Hang Seng scale quoted marginally lower.

U.S. markets ended mostly successful affirmative territory connected Friday.

Brent crude, the planetary lipid benchmark, dipped 0.08% to $60.70 per barrel.

On Friday, the Sensex climbed 573.41 points, oregon 0.67%, to settee astatine 85,762.01. The Nifty went up by 182 points, oregon 0.70%, to 26,328.55.

Published - January 05, 2026 10:05 americium IST

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