Sensex Down By 102 Points; the Auto Index shed nearly 0.75 percent.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 7 January 2026: Today, the benchmark indices witnessed lacklustre activity. The Nifty ended 38 points lower, while the Sensex was down by 102 points. Among sectors, the IT Index rallied 1.95 percent, whereas the Auto Index shed nearly 0.75 percent. Technically, after a lower open, the market registered non-directional activity throughout the day. On the downside, it took support near 26,070/84600, while profit booking was seen near 26,200/85100.
We are of the view that the intraday market texture is non-directional; perhaps traders are waiting for either side breakout. On the higher side, 26,200/85100 would act as an immediate breakout zone for the bulls. A successful breakout of 26,200/85100 could push the market towards 26,260-26,300/85300-85500. On the flip side, below 26,070/84600, selling pressure is likely to accelerate. If it falls below this level, the market could slip to 25,950-25,900/84300-84200.
Gaurav Garg, Research Analyst Lemonn Markets Desk, reports:
Indian equity benchmarks traded with modest recovery on Wednesday after opening lower, supported by selective buying and mixed global cues. The Sensex moved off its intraday low of 84,617, while the Nifty hovered around the 26,150 level, despite ongoing concerns related to geopolitical tensions and foreign fund outflows. Gains in stocks such as Titan, Jio Financial Services and Wipro were partly offset by weakness in Cipla and Tata Motors. Lower crude oil prices offered some support by easing cost and inflation pressures for oil-importing economies, including India. Asian markets and an overnight rebound in US equities provided additional cues. Market participants remain watchful of geopolitical developments, crude price trends and forthcoming corporate earnings.
