January 9, 2026: Markets Trade Mixed in Mid-Morning Session as Nifty 50 Slips Below 25,850; Select Energy and IT Stocks Gain

Indian equity markets traded on a mixed note during mid-morning trade on Friday, January 9, 2026, as selective buying in energy, defence, and IT stocks was offset by weakness in banking and heavyweights. Investor sentiment remained cautious amid continued sectoral rotation and lack of broad-based participation.

As of 10:53 AM IST, benchmark indices reflected subdued momentum, with frontline indices showing marginal losses.

Also Read: January 8, 2026: Markets End Sharply Lower as Nifty 50 Closes Below 25,920; Metals, IT and Energy Stocks Drag Benchmarks

Benchmark Indices Performance

The Nifty 50 was trading at 25,833.70, down 43.15 points or 0.17%. The index opened at 25,840.40, moved higher to an intraday high of 25,940.60, but failed to sustain gains and slipped to a low of 25,818.35.

Other key indices showed a mixed trend:

• Nifty Next 50 gained 118.90 points (0.17%) to 69,315.00, outperforming frontline indices.

• Nifty Financial Services declined 101.85 points (-0.37%) to 27,570.75.

• Nifty Bank slipped 229.60 points (-0.38%) to 59,456.90, dragged down by losses in private banking stocks.

Top Gainers: Energy, Defence and IT Stocks Lead

Buying interest was visible in select energy, defence, and IT counters, which featured among the top gainers of the session.

• Eternal rose 1.78% to ₹288.60, supported by strong volumes of 268.83 lakh shares, making it one of the most actively traded stocks.

• ONGC gained 1.62% to ₹235.16, reflecting strength in energy stocks.

• Bharat Electronics Ltd (BEL) advanced 1.60% to ₹422.30, backed by healthy turnover.

• Asian Paints climbed 1.52% to ₹2,828.90, indicating buying interest in consumption-linked stocks.

• HCL Technologies moved up 1.29% to ₹1,667.90, outperforming the broader IT sector.

Top Losers: Banking, Infrastructure and Auto Stocks Under Pressure

Selling pressure was seen in select banking, infrastructure, and auto stocks, which emerged as key drags on the benchmark indices.

• ICICI Bank declined 2.21% to ₹1,403.30, leading losses in the banking space.

• Adani Enterprises slipped 1.31% to ₹2,185.10, reflecting weakness in infrastructure-related stocks.

• Adani Ports fell 0.98% to ₹1,450.90, despite steady volumes.

• NTPC eased 0.93% to ₹341.20, tracking mild weakness in power stocks.

• Maruti Suzuki declined 0.82% to ₹16,528.00, weighing on the auto sector.

Market Outlook

Market participants remain selective as sectoral rotation continues to dominate trading activity. Analysts expect near-term volatility to persist, with stock-specific cues, global developments, and sector-wise performance guiding market direction through the remainder of the session.

Conclusion: January 9, 2026

Indian equity markets traded mixed in mid-morning trade on January 9, with the Nifty 50 hovering below the 25,850 mark. While gains in energy, defence, and IT stocks offered limited support, weakness in banking and select heavyweights continued to cap upside momentum.