Nifty Trades Down at 26,298 After Early Gains on January 5, 2026

Indian equity benchmarks traded with mild losses during the morning session on Monday, January 5, 2026. 

After moving close to a fresh record high earlier in the day, the Nifty 50 pared its gains and slipped below key levels by 10:00 AM.

Sectoral performance remained mixed, with banking stocks showing resilience, while IT stocks weighed on the broader market.

Nifty 50 at 10:00 AM on Jan 5, 2026

As of 10:00 AM on January 5, 2026, the Nifty 50 was trading around 26,298, down approximately 30 points or 0.12%. 

The index gave up most of its early gains after approaching record-high levels, indicating cautious sentiment among market participants.

Performance of Key Indices

While the Nifty 50 and Sensex traded marginally lower, the Nifty Bank index outperformed the broader market. 

Banking stocks helped the index trade higher by close to 100 points, providing some support to overall market sentiment during the session.

IT Stocks Weigh on the Market

Information technology stocks were among the notable laggards in morning trade. Heavyweights such as Infosys, Wipro, HCL Technologies, TCS, and Tech Mahindra were trading in negative territory, contributing to the weakness in the headline indices. 

Selling pressure in IT stocks appeared to offset gains seen in select other sectors.

Stocks in Focus: Gainers

Some individual stocks managed to trade higher despite the subdued broader market:

• Bharat Electronics Ltd (BEL): The stock was trading higher by nearly 3%, supported by strong buying interest and higher volumes.
• Tata Steel: Shares gained close to 2%, reflecting positive sentiment in the metal space during the session.

Stocks in Focus: Losers

On the downside, IT majors featured among the top decliners:

• Infosys: Shares were down over 3%, extending weakness seen across the IT sector.
• HCL Technologies: The stock declined by more than 3%, tracking broader selling pressure in technology stocks.

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Conclusion

Market movements on January 5, 2026 reflected a mixed trend, with early gains giving way to mild declines in benchmark indices. Sectoral divergence remained evident, as banking stocks provided support while IT stocks dragged the market lower.

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