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Informist, Friday, Jan. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices may open tad up, seen in range Fri amid tariff concerns

 

MUMBAI--0833 IST--Benchmark equity indices may open marginally higher, taking positive cues from Asian markets. They are seen in a range on Friday, after falling sharply Thursday. The Nifty 50 index fell 1% Thursday after US President Donald Trump supported a bill that may give powers to impose tariffs of up to 500% on countries buying Russian oil, including India and China. The market may react to a hearing on the legality of these tariffs in the US Supreme Court Friday, according to media reports.

 

At 0830 IST, the GIFT Nifty's January contract was at 26001.50 points, over 124 points higher than the Nifty 50's close of 25876.85 points on Thursday. The Nifty 50 will face resistance at 26000 points and find support at 25700-25500 points, Sundar Kewat, technical and derivatives analyst at Ashika Group, said. On Thursday, the BSE Sensex closed at 84180.96 points, down 780.18 points or 0.9%.

 

Some analysts expect the market to be volatile owing to geopolitical uncertainty and tariff tensions. On Thursday, India VIX, the market's fear gauge, closed 6.5% higher at 10.60. "Overall, the setup looks uncomfortable for the bulls," Rupak De, senior technical analyst at LKP Securities, said in a note. "Selling pressure is likely to persist in the near term unless the Nifty (50) moves back above 26,000," he said.

 

US indices ended mixed, with the S&P 500 closing flat Thursday. The Dow Jones Industrial Average ended the session 0.6% higher while the Nasdaq Composite fell 0.4%. According to a Reuters report, Nvidia and other technology stocks dipped, weighing on the tech-heavy Nasdaq Composite, while defence companies advanced after Trump called for a $1.5 trillion military budget. Most of the Asian indices were higher in early trade Friday, with the FTSE Singapore Straits Times being the sole loser.  (Arundathi A R)

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Equity Alert: S&P, Dow Jones end higher Thu, defence stocks rise

 

MUMBAI--0750 IST--Most benchmark equity indices in the US ended higher on Thursday, barring the tech-laden Nasdaq Composite. Shares of information technology companies fell while those of defence companies rose during the session.

 

Shares of artificial intelligence company NVIDIA Corp. fell more than 2% during the session, and shares of Oracle were down nearly 2% as well. Shares of Apple Inc. recorded losses for seven sessions, according to a report by CNBC. Shares of Apple fell 0.5% during the session. Defence stocks rose after US President Donald Trump proposed a defence budget of $1.5 trillion for 2027, a substantial increase from the budget of $901 billion approved by Congress for 2026, CNBC said. Shares of Northrop Grumman gained over 2% and those of Lockheed Martin rose over 4%. Shares of Kratos Defense & Security Solutions jumped nearly 14% and those of RTX Corp. rose nearly 1%, according to CNBC.

 

Technology and AI stocks will remain an important theme in 2026, with the status of trade to remain a key upside driver, which will be dependent on whether use cases start to rise and the sectors in which they do, Rob Haworth, senior investment strategy director at US Bank Asset Management said, according to CNBC. "We're seeing early signs of that in health care," he said. "When we think about robotics, insurance, diagnostics, all these types of companies are going to be early beneficiaries. That's where we think the growth story is," Haworth was quoted as saying by CNBC. 

 

Worker productivity grew at its fastest pace in two years in the December quarter, according to data from the Labour Department, Reuters said in a report. The number of people applying for unemployment benefits rose moderately due to a low number of layoffs even though demand for labour remained slow, Reuters said. 

 

US data for employment in December will be key, Reuters said. Investors are pricing in two rate cuts in 2026 even though the US central bank indicated only one cut in 2026 in December. The Federal Reserve Bank is expected to keep rates steady at its meeting this month, according to Reuters. 

 

Following are the closing levels of US indices Thursday:  

 

Index	Level	Change in %
S&P 500	6921.46	0.01
NASDAQ Composite	23480.016	(-)0.44
Dow Jones Industrial Average	49266.11	0.55

 

(Akshat Saksena)

 

US$1 = INR 90.02

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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