Indian stock markets stayed almost flat on Monday morning. This happened because IT company shares fell a lot, which balanced out good news from some businesses.
The Nifty 50 index went up a little to a new high of 26,358.25 early on. But then it lost those gains and was down 0.13% by 10:05 a.m. IST. The Sensex index also dropped 0.16% to 85,623.3 at that time.
IT shares dropped the most, down 2.5% in total. These companies make a lot of money from customers in the U.S. HCLTech fell 3.3%, and Tech Mahindra went down 2%. This came after CLSA, a research firm, lowered its ratings on them.
CLSA said there are no clear signs of a big comeback for the IT sector. Citi Research agreed, saying the recovery will be slow and not even across companies. IT firms will start sharing their quarter results from next week.
Good news came from other areas. Twelve out of 16 big sectors went up. State-run banks rose 0.9%. Punjab National Bank and Bank of Baroda led the gains after their recent business updates raised hopes for strong quarterly profits.
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Real estate company Sobha climbed 4% because its sales jumped 52.3% in the December quarter. CSB Bank shot up 7.6% to a new record high after its total deposits grew 21% in the third quarter.
Worries grew over trade issues. U.S. President Donald Trump said tariffs on India might go higher if India does not cut buys of Russian oil. The U.S. already has 50% tariffs on India. Half of that is to punish India for importing Russian crude oil. Small-cap stocks rose 0.2%, but mid-cap stocks fell 0.3%.
Experts say the market started the year well with Nifty at record highs. But the overall mood feels weak. Ashish Chaturmohta, a fund manager at JM Financial's Apex PMS, said this. Asian markets went up, and oil prices moved up and down. This was because investors watched U.S. military moves in Venezuela.
Disclaimer: This article summarizes market movements based on available reports as of January 5, 2026. Stock prices change rapidly; always verify latest data from official sources before making decisions. No investment advice is provided.