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

Indian equity benchmarks, Sensex and Nifty50, extended losses on Friday to end the session lower, weighed down by Adani Group stocks, Eternal, and IndiGo.

Pls note that the markets will remain closed on 26 January 2026, Monday, on account of Republic Day.

At the closing bell, the BSE Sensex closed lower by 770 points (down 0.9%).

Meanwhile, the NSE Nifty closed 241 points lower (down 0.9%).

HUL, Tech Mahindra, Infosys among the top gainers today

Eternal, Axis Bank, and Power Grid Corp, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,090, lower by 269 points at the time of writing.

The BSE MidCap index ended 1.3% higher, and the BSE SmallCap index ended 1.1% higher.

Sectoral indices are trading negatively today, with stocks in the realty sector and power sector witnessing selling pressure.

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

Gold prices for the latest contract on MCX are trading 0.2% higher at Rs 156,700 per gram.

Meanwhile, silver prices were trading 1.6% higher at Rs 332,600 per 1 kg.

Five reasons why Indian share markets are falling:

#1 FII Outflows

Foreign investors continued selling Indian shares, offloading equities worth Rs 2,549.8 crore on Thursday. This marks the 13th straight session of net selling in January, with FIIs only buying on January 2 so far.

#2 Tepid Quarterly Earning

Weak Q3 results from major companies like ICICI Bank and HCL Technologies dampened investor sentiment. Disappointing earnings from these index heavyweights added pressure on the overall market.

#3 Crude Rises

Brent crude rose 0.8% to USD 64.57 per barrel, limiting gains in Indian equities. Higher oil prices can widen India's trade deficit and push up inflation, which worries investors.

#4 Geopolitical Concerns

Markets recovered slightly on Thursday, ending a three-day losing streak after US President Donald Trump eased tensions on tariffs and ruled out military action in Greenland. However, indices remain down nearly 1.5% for the week as investors worry about longer-term geopolitical risks.

#5 Rupee Hits Record Low

The rupee fell 41 paise to a record low of 91.99 against the US dollar due to continued foreign fund outflows and geopolitical uncertainty. Although RBI intervention helped curb volatility, the currency remains under pressure until trade deals and geopolitical risks ease.
 

Alivus Life Sciences Q3 Results

In the news from pharma sector, shares of Alivus Life Sciences came into focus after the company reported its Q3 FY26 results.

In Q3, Alivus Life Sciences Limited reported a profit after tax (PAT) of Rs 1.50 billion (bn), up 9.7% from Rs 1.37 billion a year ago. Its revenue from operations rose to Rs 6.73 billion from Rs 6.42 billion in the same period last year.

The company's EBITDA came in at Rs 2.45 bn, compared to Rs 2.01 bn a year ago, with EBITDA margin improving to 36.4% from 31.3%.

The Generic API business grew 11.1% quarter-on-quarter and 1.7% year-on-year. The CDMO (Contract Development and Manufacturing) business showed strong recovery, with revenues doubling quarter-on-quarter and rising 85.3% year-on-year, driven by both ongoing projects and new launches.

Alivus Life Sciences (formerly Glenmark Life Sciences) develops and manufactures high-value, non-commoditised APIs in chronic therapies like cardiovascular, CNS, pain management, and diabetes
 

Ideaforge Technology Q3 Results

Moving on to the news from defence sector, shares of Ideaforge Technology came into focus after the company reported its Q3 FY26 results.

Revenue from the operation stood at Rs 315.4 million (m), 40% surge compared to Rs 176.1 m in the same period last year.

The company reported a higher net loss in Q3FY26.

The company's net loss jumped 107.3% year-on-year to Rs 339 m, compared with a loss of Rs 240 million in the same quarter last year.

The loss widened as the company's total expenses rose 65.7% year-on-year to Rs 709 m from Rs 428 m a year ago, putting pressure on its bottom line.

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