Nifty and Sensex Close Lower
The Nifty and Sensex closed down on January 5, 2026, falling from record highs due to IT weakness and profit booking. The Sensex sank 322 points to 85,440, while the Nifty dropped 78 points to 26,250, with banking showing strength.
MARKET NEWS
1/5/20261 min read
The Indian benchmark indices Nifty 50 and Sensex finished lower on 5 January 2026, falling from recent record highs due to profit booking and sector-specific pressures. The Sensex sank 322 points, or 0.38%, to 85,440, while the Nifty dropped 78 points, or 0.30%, to 26,250, capping a multi-session surge.
Market Performance Overview
Benchmark indices lost early gains after reaching new intraday highs, while broader markets remained unsettled. Midcaps fell 0.16% as investors awaited third-quarter reports and global cues such as US tariff concerns.
Key Gainers and Losers
Top performers included Nestlé India and HDFC Bank, which led increases in FMCG and banking due to selective buying.
IT stocks dragged the indices down, along with profit-taking in recent outperformers such as auto and metals.
Sector Highlights
Auto, PSU Bank, financial services, and pharmaceuticals all performed well in early trading but closed mixed.
FMCG saw pressure, while electricity and banking remained resilient despite the overall decline.
Outlook and Factors
Markets opened strongly, with the Gift Nifty up 81 points on Asia-Pacific gains, but then reversed due to IT weakness and trade worries. Analysts remain bullish about 2026, citing profitability recovery and policy support.