Market Outlook for 12 January 2026

The NIFTY 50 closed lower by 193.55 points (-0.75%) at 25,683.30, as sustained selling pressure weighed on the index. ASIANPAINT (+1.88%), ONGC (+1.16%), and HCLTECH (+0.94%) were the top gainers, providing limited support, while heavy losses in ADANIENT (-2.59%), NTPC (-2.29%), ADANIPORTS (-2.10%), and ICICIBANK (-2.09%) dragged the index lower. Other decliners included JIOFIN (-2.04%), BAJAJ-AUTO (-1.86%), BHARTIARTL (-1.70%), SHRIRAMFIN (-1.57%), TATACONSUM (-1.55%), APOLLOHOSP (-1.49%), and SUNPHARMA (-1.35%). Market breadth remained weak with 15 advances and 35 declines.

The NIFTY 50 opened at 25,840.40, touched a low of 25,623.00, hit a high of 25,940.60, and closed at 25,683.30, down 193.55 points (-0.75%). Against the backdrop of weak global cues, FII outflows and geopolitical concerns, the market extended losses for the fifth consecutive session as selling pressure in heavyweight stocks persisted. The index had breached the 50-day EMA yesterday and slipped further today, indicating a weakening near-term structure. The RSI has fallen below 40, signalling strong bearish momentum. Near-term support levels are at 25,507/25,397, and resistance levels are at 25,861/25,970.

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Nifty Bearish Run Extends to the Fifth Day

Bank Nifty Commentary for 12 January 2026

The NIFTY BANK closed lower by 434.95 points (-0.73%) at 59,251.55, as selling pressure in heavyweight lenders weighed on the index. Heavyweight stocks ICICIBANK (-2.09%), HDFCBANK (-0.81%), and AXISBANK (-0.96%) dragged the index lower, while KOTAKBANK (-0.24%) and INDUSINDBK (-0.16%) also remained under pressure. On the positive side, AUBANK (+0.90%), UNIONBANK (+0.71%), YESBANK (+0.53%), BANKBARODA (+0.32%), and SBIN (+0.21%) saw mild gains, offering limited support. Market breadth remained neutral with 7 advances and 7 declines.

The NIFTY BANK opened at 59,558.15, touched a low of 59,154.20, hit a high of 59,739.65, and closed at 59,251.55, down 434.95 points (-0.73%). The index has breached the 20-day EMA, placing the near-term trend at a crucial support zone, while the RSI has slipped below 50, indicating weakening momentum. Near-term support levels are at 58,850/58,602, and resistance levels are at 59,653/59,901.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES ended lower by 290.50 points (-1.05%) at 27,382.10, as sustained weakness across financials kept sentiment subdued. Selling pressure was seen in ICICIBANK (-2.09%), BAJFINANCE (-1.08%), BAJAJFINSV (-0.99%), AXISBANK (-0.96%), and HDFCBANK (-0.81%), which collectively weighed on the index. Additional drag came from RECLTD (-2.10%), JIOFIN (-2.04%), CHOLAFIN (-1.82%), and SHRIRAMFIN (-1.57%). Meanwhile, select stocks, including ICICIPRULI (+0.83%), LICHSGFIN (+0.49%), and SBIN (+0.21%), lent mild support to the index. Market breadth remained decisively negative with 3 advances against 17 declines. Near-term support levels are at 27,207/27,091, and resistance levels are at 27,581/27,697.

The BSE SENSEX closed lower by 604.72 points (-0.72%) at 83,576.24, as broad-based selling in heavyweight stocks weighed on market sentiment. Sharp declines in NTPC (-2.34%), ICICIBANK (-2.22%), ADANIPORTS (-1.98%), BHARTIARTL (-1.89%), and SUNPHARMA (-1.40%) exerted significant pressure on the index, while weakness in BAJFINANCE (-1.16%), AXISBANK (-1.15%), TITAN (-1.15%), and ITC (-1.11%) added to the losses. Notably, select stocks such as ASIANPAINT (+1.36%), HCLTECH (+0.80%), BEL (+0.77%), RELIANCE (+0.34%), and SBIN (+0.22%) provided limited support. Market breadth remained negative with 9 advances and 21 declines. Near-term support levels are at 82,986/82,624, and resistance levels are at 84,157/84,519.

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: