Indian equity markets are expected to remain stock-specific on Friday, January 9, as global geopolitical developments, institutional flows, and corporate announcements drive action across select counters.
Markets Overnight:
Domestic benchmarks ended lower in the previous session. The BSE Sensex fell 780 points to close at 84,810, while the Nifty slipped 263 points to 25,876. Broader markets underperformed, with the Midcap index down 948 points and the Smallcap index falling 1,023 points. The India VIX rose 6.53% to 10.60, indicating elevated volatility.
Foreign institutional investors (FIIs) continued to remain net sellers, offloading shares worth ₹3,367.12 crore, while domestic institutional investors (DIIs) provided support with net buying of ₹3,701.17 crore. On a month-to-date basis, FIIs have sold ₹8,017.51 crore, whereas DIIs have bought ₹12,307.18 crore.
Global Cue:
Overnight, global defence stocks rallied after US President Donald Trump said he would seek a nearly 50% increase in the US military budget, reinforcing expectations of higher defence spending amid rising geopolitical tensions.
Hot Stocks in Focus Today:
Reliance Industries – Shares remain in focus amid ongoing portfolio and business-related developments.
Bharat Forge – Defence-linked stocks are being watched closely following the global rally in weaponry makers.
Bajaj Finserv – Investor attention remains on financial stocks amid volatile market conditions.
Indian Energy Exchange (IEX) – Power market-related developments keep the stock in focus.
Bartronics – The stock remains active amid speculative interest.
Prestige Estates – Realty stocks are being tracked closely amid mixed broader market sentiment.
Sundaram Clayton – Auto ancillary stocks are under watch amid sector-specific cues.
Power Mech Projects – Infrastructure and EPC stocks remain active.
UPL – Agrochemical stocks continue to see selective buying and selling interest.
Eureka Forbes – Consumer durable stocks are in focus amid company-specific developments.
Groww – Financial services and fintech-linked names remain on investors’ radar.
Stocks at 52-Week Lows:
As many as 32 stocks closed below their previous 52-week lows, including Bata, Whirlpool, Page Industries, Jubilant Foodworks, United Breweries, Colgate Palmolive, V-Mart Retail, and Sapphire Foods, reflecting continued pressure in select consumption and midcap names.
Corporate News:
Larsen & Toubro announced that it has secured an order from the Indian Army’s Corps of Electronics and Mechanical Engineers for the overhaul, upgrade, and obsolescence management of indigenous Pinaka multi-rocket launcher systems. The project will focus on upgrading critical sub-systems and providing long-term technical support to enhance operational readiness.
