Stock markets fall for second day as selling in Reliance Industries, HDFC Bank dents sentiment

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Image utilized  for representational purposes only. File

Image utilized for representational purposes only. File | Photo Credit: Reuters

Benchmark indices Sensex and Nifty ended little for the 2nd time successful a enactment connected Tuesday (January 6, 2026), dragged by dense selling successful blue-chip stocks Reliance Industries, HDFC Bank, and worries implicit a caller informing from the U.S. to further rise tariffs against India.

The 30-share BSE Sensex dropped 376.28 points, oregon 0.445%, to settee astatine 85,063.34. During the day, it tanked 539.52 points, oregon 0.63%, to 84,900.10.

The 50-share NSE Nifty declined 71.60 points, oregon 0.275, to extremity astatine 26,178.70. From the 30-Sensex firms, Trent tumbled 8.62% aft the Tata group's retail firm's gross maturation successful the December 4th failed to cheer investors.

Reliance Industries cracked 4.42%, portion ITC, Kotak Mahindra Bank, InterGlobe Aviation, and HDFC Bank were besides among the laggards. However, ICICI Bank, Sun Pharma, Hindustan Unilever, and State Bank of India were among the gainers.

Foreign organization investors offloaded equities worthy ₹36.25 crore connected Monday (January 5, 2026) aft a day's breather, according to speech data. Domestic organization investors, however, bought stocks worthy ₹1,764.07 crore.

U.S. President Donald Trump has said Prime Minister Narendra Modi knew "I was not happy" with India's purchases of Russian lipid and that Washington could rise tariffs connected New Delhi "very quickly".

Mr. Trump made the remarks portion talking to reporters connected Sunday (January 4, 2026) aboard Air Force One en way to Washington DC from Florida.

Meanwhile, India's services assemblage maturation moderated successful December, arsenic the rates of enlargement successful incoming caller enactment and output eased to the slowest successful 11 months, and companies refrained from recruiting further staff, a monthly survey said connected Tuesday (January 6).

The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.8 successful November to 58.0 successful December, indicating the slowest complaint of enlargement since January. In the Purchasing Managers' Index (PMI) parlance, a people supra 50 means expansion, portion a people beneath 50 denotes contraction.

Firms remained upbeat towards maturation prospects, but wide sentiment fell to its lowest level successful astir three-and-a-half years, the survey said.

In Asian markets, South Korea's Kospi index, Japan's Nikkei 225 index, Shanghai's SSE Composite index, and Hong Kong's Hang Seng scale ended importantly higher. Markets successful Europe were trading connected a mixed note. US markets ended higher connected Monday (January 5).

Brent crude, the planetary lipid benchmark, climbed 0.28% to $61.93 per barrel. On Monday (January 5), the Sensex dropped 322.39 points, oregon 0.38%, to settee astatine 85,439.62. After hitting a grounds intra-day precocious of 26,373.20, the Nifty failed to transportation guardant the momentum and declined 78.25 points oregon 0.30% to extremity astatine 26,250.30.

Published - January 06, 2026 05:34 p.m. IST

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