
Stock recommendations for 12 January from MarketSmith India
Subscribe to enjoy similar stories. Stock markets recap: Frontline indices, the Sensex and the Nifty 50, ended in negative territory for the fifth consecutive session on Friday, 9 January, as renewed concerns over US tariffs, caution ahead of the Q2 results season, and relentless foreign capital outflow continued to pressurise market sentiment. The Sensex crashed 605 points, or 0.72%, to end at 83,576.24, while the Nifty 50 declined 194 points, or 0.75%, to close at 25,683.30.
The BSE Midcap index dropped 0.90% while the Smallcap index plunged 1.74%. Five sessions of sell-off have dragged the Sensex down by 2,186 points, or 2.5%. The Nifty 50 has also suffered a cumulative loss of 2.5% over the past five days.
Investors have lost over ₹13 trillion in five days as the overall market capitalisation of BSE-listed firms dropped to below ₹468 trillion from over ₹481 lakh crore on 2 January. On January 9 alone, investors' wealth was eroded by more than ₹4 trillion. Indian equities closed lower on Friday, weighed down by broad-based selling across sectors amid weak market breadth.
Nifty 50 declined 0.75% to end at 25,683, after trading in a volatile range of 25,623–25,941, while Sensex closed in the red, reflecting sustained intraday pressure. Market sentiment remained fragile as the advance-decline ratio was sharply negative, with 747 stocks advancing against 2,395 declines, underscoring the risk-off tone across the broader market. On the sectoral front, defensives offered limited support, with Nifty IT and Oil & Gas ending marginally higher.
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