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Informist, Thursday, Jan. 8, 2026

 

By Arundathi A R

 

MUMBAI – Analysts expect market to move in a range in the coming session due to tariff-related uncertainties. The Nifty 50 index fell 1% lower Thursday as reports said that US President Donald Trump has supported a bill, which may give powers to put tariffs of up to 500% on countries buying Russian oil, including India and China. Further, the US Supreme Court is expected to issue rulings on the legality of tariffs Friday, media reports said.

 

However, analysts expect better December quarter earnings to guide the market direction. Market participants will also watch out for the combined consumer price index for December scheduled to be out on Monday. 

 

"Returns are expected at 14–15% from the Nifty 50 (in 2026)," head of equities strategy at a top broking firm said. However, he expects better returns from the broader market than from the Nifty 50, with earnings revival as the primary factor.

 

The analyst raised concern about lack of clarity over futures of tariffs and expects export-related stocks to underperform due to this. Metal stocks will also face pressure due to tariff uncertainties.

 

On Thursday, the Nifty 50 index ended at 25876.85 points, down 263.90 points. The BSE Sensex closed at 84180.96 points, down 780.18 points or 0.9%. Analysts pegged resistance for the Nifty 50 at 26200 points and support at 25750 points.

 

Motilal Oswal Financial Services sees the bottom line of the Nifty 50 companies in the December quarter rising 8% on year, the broking firm said in its India Strategy report. The brokerage expects an 11% on-year growth in the revenue of these companies. According to Motilal Oswal, it is optimistic that the earnings cycle will look more reasonable, given a favourable backdrop. The brokerage has also cut the estimate for earnings per share of Nifty 50 companies by 2.2% for 2025–26 (Apr-Mar) and by 1.1% for FY27. It expects the metric to rise 9% on year in FY26 and 15% on year in FY27.

 

While Motilal Oswal gave a positive outlook over the upcoming earnings season, Nuvama Wealth Management had a bleak commentary on Wednesday. Nuvama said it expects only 1% growth in the net profit of Nifty 50 companies during the quarter. 

 

India's GDP growth is estimated to rise to 7.4% in the current financial year ending March, according to the first advance estimate released by the statistics ministry Wednesday. The GDP had risen 6.5% in FY25.  End

 

Edited by Akul Nishant Akhoury

 

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