Mumbai, Jan 12, 2026, 16:25 IST — Market closed
India’s stock market closed higher on Monday, with the Sensex and Nifty 50 snapping a five-day losing run after a late-session rebound pulled benchmarks off early lows. The Sensex rose 0.36% and the Nifty gained 0.42%.
The relief move masked strain underneath. Broader shares lagged, and more than 360 stocks hit 52-week lows — the lowest level in a year — even as the benchmarks finished in the green.
The turn came after Washington’s new ambassador to New Delhi, Sergio Gor, said India and the U.S. would discuss trade issues in a call scheduled for Tuesday, easing fresh tariff jitters. “It needs to be seen if the recovery sustains,” said Dharmesh Kant, head of equity research at Cholamandalam Securities. Reuters
The Sensex had been down more than 700 points at one stage, touching 82,861 in the first half, before reversing to end up 302 points. The Nifty also clawed back from its trough to finish near the day’s high.
Metals led the rebound, with buying also returning to select banks and defensives, while pockets like pharma, media and realty stayed heavy. Coal India and Tata Steel were among the stronger Nifty names, while Infosys and Bajaj Finance lagged.
After the close, Tata Consultancy Services reported December-quarter revenue of 670.87 billion rupees, beating analysts’ estimate, as demand for artificial-intelligence work helped in a seasonally soft period. Net profit fell 14% on restructuring costs, and the company said, “AI services now generate $1.8 billion in annualized revenue,” while its order book — a gauge of contracted work — slipped to $9.3 billion. Reuters
Macro data also landed late in the session. Government figures showed December retail inflation rose to 1.33% year-on-year from 0.71% in November, coming in below a Reuters poll forecast of 1.5%.
Still, the “but” for equities is flows and the currency. Foreign portfolio investors — overseas funds — have net sold more than $1 billion of Indian stocks so far this month after nearly $19 billion of outflows in 2025, and the rupee ended little changed at 90.1525 per dollar as companies kept buying dollars to hedge. Reuters
Next up, traders will watch Tuesday’s U.S. consumer inflation data and India’s wholesale inflation print due on Jan. 14, while tracking RBI liquidity actions and any follow-through from the India–U.S. trade call.
