Nifty, Sensex in red; ONGC shares up by more than 2%

Indian equity markets remain in red in early trade today. At 10: 20 a.m. IST, 9^th January, 2026, Nifty 50 is down by 17.70 points or 0.068%. Sensex is down by 55.13 points or 0.065%. Market sentiments got a jolt yesterday after US President Donald Trump supported a bill that gives the President power to increase tariffs to up to 500% on countries that purchase oil from Russia.

Nifty PSU bank index top gainer among sectoral indices

Among broad market indices, only Nifty Smallcap 250 and Nifty Microcap 250 indices are in red at this time. Rest of the broad market indices are in green now. Among sectoral indices, Nifty Realty Index is the top loser at this time. It is down by 1.27%. Nifty Private Bank index is down by 0.52%. Nifty PSU Bank index is the top gainer among sectoral indices at this time. It is up by 1.33%.  Nifty IT index is up by 0.72%.

Top gainers & losers

Top gainers at Nifty 50 at this time are Eternal, ONGC and BEL. Top 3 losers are ICICI Bank, Adani Ports, and Adani Enterprises. ONGC shares are up by 2.03% at this time, trading at Rs 236.12. This after the risk to oil supply disruptions suddenly increased. Widespread protests in Iran against the government may result in disruption in supply of Iranian crude. Iraq’s cabinet has approved the nationalization of West Qurna 2 oilfield. This may also cause some disruption in global crude oil supply. US President Trump’s support for a bill that may increase tariffs up to 500% on countries that buy Russian oil will result in almost complete reduction in Russian crude oil supply to the world market. All these factors may push up global crude oil prices.

Market breadth sharply negative at this time

Market breadth is sharply negative at this time. At NSE 1291 stocks are gaining at this time. 1501 stocks are declining.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE