NSE:HDFCBANK 18 December 2025 - 21 January 2026

Indian shares fell for a fifth straight session on Friday, with the Nifty 50 closing down 0.75% at 25,683.3 and the Sensex off 0.72% at 83,576.24. Both benchmarks lost about 2.5% for the week, their worst in over three months, while small- and mid-cap indexes slid 3.1% and 2.6%. Oil and gas stocks led declines and Reliance Industries sank 7.4% for the week after it said it does not expect Russian crude deliveries in January; Ashika Global Family Office Services co-founder Amit Jain said extreme tariffs would “increase risk pricing” across assets. The slide matters because the market is trying to price a legal and political coin toss in the United States. The U.S. Supreme Court is poised to rule on the legality of Donald Trump’s sweeping tariffs, and traders are also watching his talk of levies as high as 500% on countries buying Russian oil. Foreign investors have sold about $900 million of Indian shares so far in January after record sales of $19 billion in 2025, and “markets are not comfortable with the uncertainty,” Anita Gandhi, head of institutional business at Arihant Capital Markets, said.