January 9, 2026: Markets Trade Lower in Afternoon Session as Nifty 50 Slides Below 25,700; Banking and Financial Stocks Drag

Indian equity markets remained under pressure in afternoon trade on Friday, January 9, 2026, as sustained selling in banking, financial, and infrastructure stocks weighed on benchmark indices. While selective buying was seen in FMCG, energy, and IT stocks, broader market sentiment stayed weak amid continued risk aversion.

As of 1:47 PM IST, all major indices were trading in the red, reflecting a cautious and defensive market mood.

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

Benchmark Indices Performance

The Nifty 50 declined 199.70 points or 0.77% to trade at 25,677.15. The index opened at 25,840.40, touched an intraday high of 25,940.60, but remained under selling pressure for most of the session, slipping to a low of 25,665.15.

Other key indices also traded lower:

• Nifty Next 50 fell 620.55 points (-0.90%) to 68,575.55, indicating weakness in broader markets.

• Nifty Financial Services dropped 288.75 points (-1.04%) to 27,383.85.

• Nifty Bank declined 445.80 points (-0.75%) to 59,240.70, dragged down by losses in major private lenders and financial stocks.

Top Gainers: FMCG, Energy and IT Stocks Provide Limited Support

Despite overall market weakness, select stocks from FMCG, energy, and IT sectors managed to post gains, offering limited support to the indices.

• Asian Paints rose 1.75% to ₹2,835.30, emerging as the top gainer amid buying interest in consumption-oriented stocks.

• ONGC gained 0.97% to ₹233.66, supported by strength in energy stocks.

• HCL Technologies advanced 0.95% to ₹1,662.30, outperforming the broader IT sector.

• JSW Steel added 0.46% to ₹1,161.20, showing mild recovery in metal stocks.

• Bharat Electronics Ltd (BEL) edged up 0.43% to ₹417.45, backed by strong trading volumes.

Top Losers: Banking, Infrastructure and Auto Stocks Under Pressure

Selling pressure was prominent in banking, infrastructure, and auto stocks, which featured among the top losers of the session.

• NTPC declined 2.87% to ₹334.50, leading losses among power stocks.

• Adani Enterprises fell 2.43% to ₹2,160.30, reflecting weakness in infrastructure-related counters.

• ICICI Bank slipped 2.06% to ₹1,405.40, dragging the banking index lower.

• Bajaj Auto dropped 1.78% to ₹9,587.00, weighing on the auto sector.

• Shriram Finance declined 1.75% to ₹975.55, adding to pressure on financial stocks.

Market Outlook

Market participants remain cautious amid continued selling in financials and lack of broad-based buying support. Analysts expect near-term volatility to persist, with stock-specific cues, global developments, and sectoral trends likely to guide market direction in the remainder of the trading session.

Conclusion: January 9, 2026

Indian equity markets traded lower in afternoon trade on January 9, with the Nifty 50 slipping below the 25,700 mark. While selective gains in FMCG, energy, and IT stocks provided limited support, sustained weakness in banking and financial stocks continued to weigh on overall market sentiment.