Stock Markets Fall in Early Trade on Tuesday Amid Selling in Reliance, HDFC Bank

Bombay Stock Exchange sees early losses as Reliance and HDFC Bank drag indices down amid tariff concerns from the U.S.

The benchmark indices Yamuna and Nifty began with a losses on Tuesday, January 6, 2026, when considerable selling of large-cap stocks like Reliance Industries and HDFC Bank won over mistrust among the investors. Furthermore, the market was already nervous due to the concerns regarding a potential increase in U.S. tariffs on India..


Market Performance

  • BSE Sensex: Fell 431.95 points to 85,007.67
  • NSE Nifty 50: Dropped 105.6 points to 26,144.70

In the group of Sensex stocks, the price of Trent dropped more than seven percent although the company revealed a 17 percent increase in its standalone revenue which reached the amount of ₹5,220 crore in the quarter ended December. Besides, the other major losing stocks in the market were Reliance Industries, Tata Motors Passenger Vehicles, Eternal, HDFC Bank, and Adani Ports.

The gainers at the opening of the trade were ICICI Bank, Bajaj Finserv, Asian Paints, and Tata Steel, who gave the market limited assistance.


Institutional Activity

  • Foreign Institutional Investors (FIIs): Sold equities worth ₹36.25 crore on Monday
  • Domestic Institutional Investors (DIIs): Bought stocks worth ₹1,764.07 crore

Ponmudi R, CEO of Enrich Money, said:
“Even though wider sentiment has not changed and stays on the safe side because of political events and tariffs, the support has persistence coming from strong macroeconomic fundamentals and constant institutional involvement.”


Global Factors

U.S. President Donald Trump warned that tariffs on India could be increased quickly over concerns about India’s purchases of Russian oil. His comments, made aboard Air Force One, added pressure on the market.

The Asian scenario was favorable for the stock markets worldwide: the indexes of Korea, Japan, Hong Kong, and China (Kospi, Nikkei 225, Hang Seng, and Shanghai SSE Composite, respectively) were all up. The U.S. stocks ended the day on Monday with an increase.

The sentiment surrounding energy was dimmed as the price of Brent crude, a global oil benchmark, fell by 0.24% to $61.61 per barrel.


Previous Session Recap

On Monday, January 5, 2026:

  • Sensex: Fell 322.39 points (0.38%) to 85,439.62
  • Nifty 50: Dropped 78.25 points (0.30%) to 26,250.30, failing to sustain record intra-day highs

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