Stock Market Today January 06: Indian stock markets witnessed a marginal decline due to a fall in oil and gas stocks. Amidst positive corporate updates that had fuelled expectations of strong quarterly earnings, concerns over potential additional tariffs from the US weighed on domestic markets. By 9:30 AM, Sensex had fallen 246 points or 0.29 percent to 85,193, and the Nifty had dropped 70 points or 0.27 percent to 26,180.
Stock Market Today January 06
The performance of the major broad-cap indices was largely in line with the benchmark indices, with the Nifty Mid-cap 100 registering a decline of 0.08 percent, while the Nifty Small-cap 100 fell by 0.02 percent.
Expert on Stock Market
According to market analysts, immediate support is in the 26,100-26,150 range, while resistance is located in the 26,400-26,450 range. US markets rallied overnight, shrugging off the Venezuelan crisis. Analysts say that crude oil prices have fallen due to increased supply from Venezuela, leading the market to believe that the Venezuelan crisis will prove positive in the medium to long term.
Mid-cap and Small-cap Shares Today
In the broader market, mixed trends were observed on the NSE. Mid-cap and small-cap stocks were trading in the green, while the Nifty 100 index was in the red, indicating selling pressure in large-cap stocks. Sectorally, the Nifty IT and Oil & Gas indices opened lower. Other sectors saw gains, including Nifty Auto (0.10%), FMCG (0.18%), PSU Bank (0.25%), Nifty Realty (0.30%), and Nifty Metal (0.37%).
Asian Market Today
Asian defence stocks surged for a second consecutive session despite mixed trading across the region as investors assessed geopolitical risks following the US attack. In Asian markets, China’s Shanghai index rose 1.14%, the Shenzhen index gained 0.79%, Japan’s Nikkei index advanced 0.69%, while Hong Kong’s Hang Seng index saw a modest gain of 1.68%, and South Korea’s Kospi index fell 3.99%.
