Stock Market Today: Sensex at 85,826, Nifty 26,357 as Infosys Slumps 3.28%

Overview:

• Sensex held near 85,826 and Nifty at 26,357 as IT stocks dragged markets.

• Infosys shares sank 3.28%, pulling Nifty IT down nearly 2% despite broader sectoral support.

• India VIX jumped 7.5% while PSU banks rose over 2% on strong growth updates.

Indian stock market showed mixed signals on January 5, 2026, as benchmark indices traded flat amid heightened volatility. Sensex traded at 85,826.27, up just 64 points or 0.07% at press time. Meanwhile, Nifty gained 29 points or 0.11% to 26,357.60. Both BSE Midcap and Smallcap indices showed limited movement.

India VIX, the market's fear gauge, jumped 7.5% during the session, pointing to increased uncertainty among traders. IT stocks pulled down the indices. On the other hand, auto, metal, and realty sectors offered support. Let’s explore how individual stocks performed in detail based on Moneycontrol Live Updates. 

Sectoral Movers: Top Losers and Gainers 

IT index fell 1.8% as major technology stocks came under pressure. Infosys share price dropped 3.28%, its steepest decline in eight months, trading at Rs. 1,586.80. TCS and Tech Mahindra also featured among the top losers, with the Nifty IT index slipping nearly 2%.

On the other hand, the realty index rose 1.4%, extending gains for the fourth consecutive session. Lodha Developers shares surged 3%, its biggest jump in five months. The auto index climbed 1.04%. Maruti Suzuki stock rose 0.62%, and Apollo Tyres gained 1.91%.

Metal stocks continued their winning streak for the fifth straight day, with BSE Metal index up 0.32%. Tata Steel share price led the gains, rising 1.72%, while Hindalco and JSW Steel also traded higher. Positive outlook from brokerage Jefferies, which raised earnings estimates for major metal companies, supported the sector.

Also Read: Investing $10,000 in 2026? Check These 2 Growth Stocks

Banking Sector: Q3 Updates Show Mixed Results

Major banks released their Q3 operational updates, providing mixed signals for the stock market today.  Nifty Bank index was trading in positive territory, up 0.17% at 60,253. HDFC Bank reported 12% year-on-year growth in gross advances to Rs. 28.44 lakh crore. However, the shares traded lower by 1.4%, making it one of the most active stocks with turnover over Rs. 992 crore.

Public sector banks showed strength, with Union Bank of India surging 2.71% after reporting 7% growth in global advances. Punjab National Bank and Bank of Baroda also gained over 2% each after announcing robust quarterly business numbers. Bajaj Finance showed 22% growth in assets under management to Rs. 4.85 lakh crore, though the stock dipped 0.83% to Rs. 982.45.

Share Market News: Key Corporate Updates 

Avenue Supermarts (DMart) reported 13% revenue growth to Rs. 17,612.6 crore for the third quarter, though the stock fell 1.78%. The company now operates 442 stores in India.

Coal India advanced 1.03% after announcing its subsidiary Bharat Coking Coal would launch a Rs. 1,071 crore IPO on January 9.

Poonawalla Fincorp's assets under management jumped 77.5% year-on-year to Rs. 55,000 crore, pushing the stock up 0.87%. Marico touched a 52-week high of Rs. 769.25 after HSBC maintained its 'buy' rating with a target price of Rs. 870.

Commodity Market: Gold Rises Again

Indian rupee traded marginally lower at 90.23 per dollar versus January 2’s close of 90.19. Currency markets remained stable despite global uncertainties.

Gold prices today surged, climbing 1.9% to $4,411 per ounce, reaching a one-week high. The precious metal gained safe-haven demand after geopolitical tensions escalated following US actions in Venezuela.

Also Read: Silver Prices Slide 14% From Peak, Experts Warn of 60% Crash Risk

Analyst Sentiments and Market Outlook

Indian stock market today reflected cautious optimism. VK Vijayakumar from Geojit Investments noted that geopolitical developments could influence markets in the near term. However, strong domestic fundamentals, including strong GDP growth and improving credit numbers in the banking sector, provide support. Analysts recommend a selective approach, focusing on quality stocks during minor corrections.

FAQs

1. Why was the stock market flat today?

Today's stock market was relatively unchanged because of strong selling pressure on information technology (IT) stocks, particularly Infosys and Tata Consultancy Services (TCS). The strength in automotive, metals and real estate stocks helped to counterbalance the losses in IT stocks, resulting in cautious and subdued trading ranges throughout the day.

2. Why did IT stocks fall sharply today?

IT stocks declined sharply today due to heightened concerns about the global economy and currency fluctuations. A large part of the drop in IT stocks was due to the sharply declining share price of Infosys, which saw the largest decline in the last eight months, triggering a significant downward move across the entire IT sector and dragging down all major benchmark stock indices.

3. Which sectors supported the market today?

The automotive, metals and real estate sectors were the main contributors supporting the stock market today. The real estate sector continued its upward movement for the fourth consecutive day, while metals and automotive also rose amid selective buying by some investors.

4. How did banking stocks perform today?

The banking sector had mixed results for trading today. Many of the larger private banks, such as HDFC Bank, saw a decline in stock prices despite strong growth. In contrast, large public sector banks saw a significant increase in stock prices after reporting strong growth in outstanding loans and other business metrics.

5. Why did gold prices rise sharply today?

Gold prices were up sharply today, as investors shifted into safe-haven assets. Increasing geopolitical instability over the weekend prompted a rush to buy gold, sending prices higher and closing at a one-week high.