Although the benchmark indices opened higher, they traded negatively throughout the session and ultimately closed in the red.

Indian equity benchmarks, Sensex and Nifty50, extended their rout on Friday, the fifth straight session of decline and registered the worst weekly fall since September 2025.

At the closing bell, the BSE Sensex closed lower by 604 points (down 0.7%).

Meanwhile, the NSE Nifty closed 193 points lower (down 7%).

Asian Paints, HCL Tech, Bharat Elec are among the top gainers today.

NTPC, ICICI Bank, and Bharti Airtel, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,816, lower by 154 points at the time of writing.

The BSE MidCap index ended 0.9% lower, and the BSE SmallCap index ended 1.7% lower.

Sectoral indices are trading mixed today, with stocks in the realty sector and power sector witnessing selling pressure. Meanwhile, stocks in the IT sector and the energy sector witnessed buying.

The rupee is trading at Rs 90 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 138,336 per gram.

Meanwhile, silver prices were trading 2.4% higher at Rs 249,244 per 1 kg.

Four reasons why Indian share markets are falling:

#1 Persistent FII Selling

Foreign investors continued to sell Indian equities, offloading shares worth Rs 33.6 bn on Thursday. This marked the fourth straight session of selling, adding pressure on the markets.

#2 Caution Ahead of US Tariff Ruling

Investors are cautious ahead of a US Supreme Court verdict on the legality of tariffs imposed by Donald Trump. An adverse ruling could lead to refunds and trigger market volatility globally, including in India.

#3 Renewed Tariff Concerns

Markets have fallen sharply after Trump hinted at higher tariffs on Indian goods over Russian oil purchases. Ongoing concerns around sanctions and trade tensions have kept investor sentiment weak.

#4 Rise in Crude Oil Prices

Crude oil prices moved higher, with Brent trading above USD 62 per barrel. Rising oil prices increase India's import costs and inflation worries, which tend to hurt stock markets.
 

Tata Motors Arm Acquires E-Mobility Stake

In the news from auto sector, shares of Tata Motors Ltd rose on Friday after the company announced that its wholly owned subsidiary has acquired a 26% stake in Traveltime E-Mobility Chennai Pvt Ltd (TECPL). The acquisition was made through TML Smart City Mobility Solutions Ltd and involved the purchase of 35,135 equity shares at face value, at a total cost of Rs 3,51,350.

Following the transaction, TECPL has become an associate company of Tata Motors, and the deal is expected to be completed by January 31, 2026. The investment supports Tata Motors' participation in municipal tenders, as TECPL has won the Chennai Municipal Corporation contract for operating and maintaining electric buses.

Tata Motors is India's largest commercial vehicle maker, engaged in manufacturing utility vehicles, trucks, buses and pick-ups, with a strong domestic and global presence.
 

SML Mahindra Posts Strong Production Growth

Moving on to the news from the auto sector, shares of SML Mahindra came into focus after the company announced its December production growth.

SML Mahindra reported a sharp rise in commercial vehicle production, which increased 39.1% year-on-year to 1,455 units in December 2025, compared with 1,046 units in the same month last year.

Commercial vehicle sales grew even faster, jumping 76.9% YoY to 1,019 units from 576 units a year ago. However, exports declined 50% to 25 units in December 2025, down from 50 units in December 2024.

SML Mahindra, earlier known as SML Isuzu, is mainly engaged in the manufacturing and sale of commercial vehicles and related components.

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