Sensex falls over 100 points, Nifty below 26,200, Tata Group stock Trent drops 7%

Indian equity benchmark indices opened lower on Tuesday, January 6, 2026, despite positive global cues following a Wall Street rally and rising crude and oil company stocks after the US capture of Venezuelan President Nicolás Maduro over the weekend.

The 30-share BSE Sensex fell 108.48 points to 85,331.14, while the Nifty 50 dropped 60.6 points to open at 26,189.70. In the previous session, the Sensex had closed at 85,439.62 and the Nifty at 26,250.30. Broader indices traded mixed, with the BSE Midcap dipping 0.01% to 30,456.78 and the BSE Smallcap gaining 0.07% to 51,992.09.

Sector movers
From the Sensex pack, Tech Mahindra, Kotak Bank, Axis Bank, Tata Steel, and Asian Paints led early gains, with Tech Mahindra up 1.71%. Lagging stocks included Trent, HDFC Bank, Reliance, Adani Ports, and L&T, with Trent falling 7.16% in early trade.

On the Nifty, 1,053 stocks were trading higher, 1,510 lower, and 92 unchanged.

Market outlook
Shrikant Chouhan, Head of Equity Research at Kotak Securities, said: “We believe 26,150/85,200 and 26,100/85,000 remain key support zones. As long as the market trades above these levels, bullish sentiment is likely to continue. On the upside, 26,350/85,700 and 26,400/85,850 are immediate resistance zones. Below 26,050/84,900, the uptrend could weaken. Strategy should be to buy between 26,250 and 26,150, with a final stop loss at 26,050.”

Futures and foreign flows
Gift Nifty, an early indicator for Nifty 50, opened higher by 99 points at 26,419. Foreign Institutional Investors (FIIs) sold equities worth ₹36.25 crore on January 5, while Domestic Institutional Investors (DIIs) continued buying with net purchases of ₹1,764.07 crore.

Asian markets
Asian indices traded mostly higher, with Japan’s Nikkei 225 up 462.20 points (0.89%) to 52,296, Hong Kong’s Hang Seng rising 508.76 points, South Korea’s Kospi gaining 12.55 points, and Shanghai’s SSE Composite up 1.07% at 4,330.95.

The overall market sentiment remains cautious, with key domestic support and resistance levels closely watched by traders amid global and domestic cues.