Today Stock Market Update 08 JAN 2026

By APNEWSHUB Team
Published: January 08, 2026, 10:07 PM IST

Today Stock Market Update 08 JAN 2026 :-Indian equity markets closed sharply lower on January 8, 2026, extending losses for the fourth straight session amid widespread selling pressure. The BSE Sensex plunged 780 points to settle at 84,181, while the Nifty 50 dropped 264 points below 25,900 at 25,877. Bears dominated Dalal Street as profit-booking and global uncertainties weighed on investor sentiment.

This Today Stock Market Update breaks down the key movements, sector performances, top gainers and losers, and what lies ahead for traders.

Market Overview of Today Stock Market Update 08 JAN 2026

Benchmark indices faced heavy selling from the opening bell, with Sensex opening lower at around 84,900 before sliding further. Nifty breached the crucial 26,000 level intraday, dipping to 25,850, forming a long bearish candle on daily charts. Broader markets underperformed, with midcap and smallcap indices each falling about 2%.

All sectoral indices ended in the red, led by metal stocks down over 3%. IT, oil & gas, PSU banks, and energy sectors shed 2-3%, reflecting caution ahead of Q3 earnings and global cues. India VIX surged 6.5% to 10.6, signaling rising volatility.

Foreign institutional investors continued outflows, adding to the downward pressure alongside concerns over potential US tariffs under President Trump and geopolitical tensions. Domestic buying provided limited support in select pockets like private banks.

Top Gainers and Losers of Today Stock Market Update 08 JAN 2026

Top Nifty Gainers	Change %
Eternal Ltd	+0.93%
SBI Life Insurance	+0.58%
ICICI Bank	+0.51%
Bajaj Finance	+0.33%
Adani Ports	+0.20%

Top Nifty Losers	Change %
Hindalco Industries	-3.78%
Jio Financial Services	-3.57%
Wipro	-3.29%
ONGC	-3.29%
Tech Mahindra	-3.03%

Eternal Ltd led gains amid stock-specific buying, while SBI Life and ICICI Bank bucked the trend in insurance and banking. Heavyweights like L&T and TCS dragged the indices, with metals and IT facing maximum pain.

Sector-Wise Performance

Metal sector plunged 3.4%, with Hindalco, Tata Steel, and JSW Steel among biggest drags due to retreating global prices. Oil & gas fell 2.8% as ONGC and HPCL tumbled on weak crude cues.

IT stocks slipped nearly 2% ahead of earnings, with TechM, TCS, and Wipro down sharply despite some consolidation hopes. PSU banks lost 2%, while pharma declined 1.4%. Realty and energy also posted losses.

Private banks showed resilience, with ICICI and Bajaj Finance posting modest gains. Midcaps like BHEL crashed 10% on policy news, highlighting broader weakness.

Key Drivers and Global Cues

Persistent FII selling and profit-booking at elevated levels fueled the slide, with market cap eroding significantly. Trump’s tariff threats and US defense comments rattled export-oriented stocks.

Asian markets traded mixed, with US indices closing lower after a rally pause. Gift Nifty hinted at a weak open, but support levels at 25,800 for Nifty offer some cushion. Bank Nifty held better, closing at 59,687.

Corporate updates like Balaji Amines surging 14% on subsidies and Panacea Biotec up 12% on vaccine trials provided bright spots. BHEL plunged on China bid policy relaxation reports.

Technical Outlook

Nifty’s bearish candle places immediate resistance at 25,950 and support at 25,800-25,850. A break below could target 25,500. Bank Nifty resists 59,900 with support at 59,500.

High call writing at 26,100 and low PCR of 0.5 indicate weak upside momentum. Investors eye US data and IT earnings for direction.

What to Watch Tomorrow

Focus shifts to Q3 results from IT majors and global trade data. Holding key supports could trigger a bounce, but tariff risks linger. Long-term, FY26 GDP at 7.4% supports resilience.

FAQ

What caused the market drop on 08 Jan 2026?

Profit-booking, FII outflows, US tariff fears, and geopolitical tensions drove the sell-off across sectors.

Will Nifty recover soon?

Support at 25,800 holds key; a bounce possible if IT earnings surprise positively, but volatility persists.

Which sectors to avoid now?

Metals, oil & gas, and IT face headwinds; stick to select banks for stability.

This Today Stock Market Update 08 JAN 2026 highlights a cautious phase, but opportunities emerge in resilient pockets. Stay tuned to APNEWSHUB for live insights. (Word count: 1,050)