The five-day losing streak ended on Monday, with Nifty rising 107 points to close at 25790, while Sensex closed 301 points higher at 83878. Strong recovery was seen in the market today. Nifty had slipped below 25500 during intraday trading but saw a good recovery of 300 points from lower levels. The credit for this recovery goes to the positive update regarding the trade deal between America and India.
US Ambassador to India Sergio Gore said that talks on trade deal between India and America will resume tomorrow, January 13. This statement has come at a time when President Trump is making aggressive statements regarding tariffs. Recently, he warned India about buying oil from Russia, saying 500% tariffs could be imposed. This was the reason why last week Nifty fell by 2.5% and closed at 25683.
Which stocks rose and which fell?
If we look at the performance of the Indian market on Monday, out of the top 30 Sensex stocks, 25 closed in the green, while 5 closed in the red. Tata Steel, Asian Paints, Trent and SBI were among the top Sensex gainers, rising up to 2.75%. Infosys and Bajaj Finance were the top losers, falling up to one percent each.
How did the market open?
This morning Nifty opened 14 points down at 25669, while Sensex opened 140 points down at 83435. If we look at the sectoral index, all the sectors including auto, media, pharma, realty and IT were trading in the red. At that time not a single sector was trading in the green. Of the top 30 Sensex stocks, only 3 were trading in the green, while the remaining 27 were trading in the red. Shares of HUL, ITC and Axis Bank were trading in the green. Eternal, Bharat Electronics and LT are the top losers at this time.
Factors affecting the market:
Trump’s increasing tariffs
Increased selling by FIIs
Results of IT companies start from today
Huge jump in crude oil prices
Rupee weakened again
Next support at 25318
HDFC Securities analyst Devarsh Vakil said that last week the Indian market saw pressure from profit booking and global tariffs. Meanwhile, US markets closed at new all-time highs. After breaking the level of 25619, the next support for Nifty is at 25318, which is the swing low of November 2025. The results and guidance of IT companies will be important for the market.