09.01.202605:20:59UTC+00India Shares Set for 1st Weekly Loss in Three Weeks

The BSE Sensex experienced a decline of 113 points, or 0.1%, reaching 84,068 during volatile trading on Friday morning. This marked its lowest point since November 11, as traders maintained a cautious approach ahead of a pivotal US Supreme Court decision concerning the legality of US tariffs. Additionally, there was a heightened sense of caution leading up to the release of US jobs data, expected to influence the Federal Reserve's forthcoming monetary policy decision. Anticipation also surrounded the publication of domestic inflation figures for December, set for release the following Monday. Market expectations suggest an acceleration to 1.5%, representing the highest rate in four months, yet remaining below the Reserve Bank of India's 2% lower tolerance level for the fourth consecutive month. Sectors such as banking, financial services, automotive, pharmaceuticals, and healthcare exerted significant downward pressure on the index. Notable declines were seen in ICICI Bank (-1.5%), Adani Ports (-1.0%), and Maruti Suzuki (-0.8%), while Sun Pharmaceuticals and NTPC each reported a decrease of 0.6%. Looking at the week as a whole, the index is on track for a 2.0% decline, potentially marking its first weekly decrease in three weeks.