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2h ago

Sensex, Nifty Extend Slide on FPI Selling and Tariff Uncertainty

Caution deepens on US–Iran tariff threats overshadowing a soft earnings start.

People exit the New York Stock Exchange (NYSE) on Wall Street in New York City, U.S., January 6, 2026. REUTERS/Brendan McDermid
Stock market open higher in early trade
Image
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 13, 2026.

Overview

  • After a volatile session on Jan. 13, the Sensex closed at 83,627.69 (down 250 points) and the Nifty at 25,732.30 (down 58 points), with Jan. 14 trade hovering near the 25,700 mark.
  • Foreign portfolio investors sold Rs 1,499.8 crore on Tuesday, taking 2026 outflows to Rs 18,585 crore, while domestic institutions bought Rs 1,181.78 crore, exchange data showed.
  • President Donald Trump said the US will impose a 25% tariff on countries "doing business" with Iran, raising concerns for India’s exports and projects such as Chabahar.
  • TCS posted a 13.91% year-on-year profit decline for the December quarter, and losses in Reliance, L&T, Bharti Airtel, ITC and Trent weighed on the indices.
  • Analysts highlighted Nifty support at 25,650–25,600 and resistance near 25,900–26,000, pointing to a range-bound market as traders watch US–India trade talks and incoming results.