January 9, 2026: Markets End Lower for Second Straight Session as Nifty 50 Closes Near Day’s Low at 25,683

Indian equity markets closed lower on Friday, January 9, 2026, extending losses for the second consecutive session amid sustained selling pressure in banking, financial services, and infrastructure stocks. Despite selective buying in FMCG, energy, and IT counters, broader market sentiment remained weak, keeping benchmark indices under pressure through the session.

At the close, markets ended near the day’s lows, reflecting a cautious undertone among investors.

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

Benchmark Indices Performance

The Nifty 50 closed at 25,683.30, down 193.55 points or 0.75%. The index opened at 25,840.40, moved to an intraday high of 25,940.60, but failed to hold gains and slipped to a low of 25,623.00 before settling lower.

Other key indices also ended in negative territory:

• Nifty Next 50 declined 703.90 points (-1.02%) to 68,492.20, underperforming the frontline index.

• Nifty Financial Services fell 290.50 points (-1.05%) to 27,382.10, dragged down by sustained selling in financial stocks.

• Nifty Bank slipped 434.95 points (-0.73%) to 59,251.55, weighed down by losses in major private sector banks.

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

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

• Asian Paints gained 1.88% to close at ₹2,838.90, emerging as the top gainer of the session amid buying interest in consumption-driven stocks.

• ONGC rose 1.16% to ₹234.10, supported by strength in energy counters.

• HCL Technologies added 0.94% to ₹1,662.10, outperforming the broader IT sector.

• Bharat Electronics Ltd (BEL) advanced 0.55% to ₹417.95, backed by strong trading volumes.

• Dr Reddy’s Laboratories edged up 0.50% to ₹1,212.90, offering defensive support.

Top Losers: Banking, Infrastructure and Financial Stocks Drag

Selling pressure remained pronounced in banking, infrastructure, and financial stocks, which dominated the list of top losers.

• Adani Enterprises fell 2.59% to ₹2,156.60, leading losses amid weakness in infrastructure-linked stocks.

• NTPC declined 2.29% to ₹336.50, reflecting pressure in power sector stocks.

• Adani Ports slipped 2.10% to ₹1,434.40, adding to sectoral drag.

• ICICI Bank dropped 2.09% to ₹1,405.00, weighing heavily on the banking index.

• Jio Financial Services declined 2.04% to ₹287.55, extending losses in financial stocks.

Market Outlook

Market sentiment remains cautious amid persistent selling in financials and broader markets. Analysts expect near-term volatility to continue, with global cues, earnings updates, and sectoral rotation likely to influence market direction in the coming sessions.

Conclusion: January 9, 2026

Indian equity markets ended lower on January 9, with the Nifty 50 closing near the day’s low at 25,683. While selective gains in FMCG, energy, and IT stocks offered limited support, sustained weakness in banking and financial stocks continued to weigh on overall market sentiment.