Nifty 50, Sensex today: What to expect from the Indian stock market in trade on Tuesday — 6 January 2026

The Sensex declined 322 points, or 0.38%, to settle at 85,439.62, while the Nifty 50 slipped 78 points, or 0.30%, to close at 26,250.30.

Trade Set-up for January 6:

The Indian stock market indexes –Sensex and Nifty – are likely to open mixed to positive on Tuesday, January 6, tracking gains in Asian markets.

The trends on Gift Nifty indicated a positive start for the Indian benchmark index. The Gift Nifty was trading at 26,392, up by 76 points or 0.28% from the Nifty futures’ previous close.

In the previous session, the benchmark indices Sensex and Nifty 50, ended on a lower note on Monday, January 5, despite positive global cues, as investors locked in profits in select heavyweight stocks amid heightened geopolitical concerns following reports of a US military action in Venezuela that led to the capture of President Nicolas Maduro and his wife.

The Sensex declined 322 points, or 0.38%, to settle at 85,439.62, while the Nifty 50 slid 78 points, or 0.30%, to close at 26,250.30. Broader markets fared better, with the BSE Midcap index edging up 0.05% and the Smallcap index gaining 0.07%.

Here’s what to expect from Sensex, Nifty 50, and Bank Nifty today:

Sensex Prediction
The Sensex finished the day at 85,439.62, declining by 322.39 points (0.38%), on Monday, January 5.

Sharing his technical view, Mayank Jain, Market Analyst, Share.Market, said, “After testing highs near 85,800, the index failed to sustain its momentum as HDFC Bank and IT majors like Infosys faced selling pressure. Technically, the 85,000-85,200 zone is now critical immediate support; a breach below this could lead the index towards the 100-day SMA near 83,500. On the flip side, the 85,800–86,000 range remains a formidable supply zone.

From an OI perspective, the 85,500 strike has seen an increase in Call buildup, turning it into a resistance ceiling for tomorrow. Conversely, the 85,000 strike continues to hold the highest Put concentration, suggesting that traders are betting on this level to hold. “Market participants are likely to remain cautious ahead of US labor market data and the start of the Q3 earnings season.”

Nifty OI Data

Nifty Data for the January 6 expiration shows that bulls and bears are struggling for control. The 26,300 strike has seen aggressive call writing, which will now act as stiff immediate resistance, the market expert said.

“Significant Put Open Interest (OI) remains at the 26,200 and 26,000 levels, which are expected to provide a strong safety net.” The Put-Call Ratio (PCR) has cooled slightly to 0.96, suggesting that while immediate momentum has slowed down, the sentiment remains balanced,” Jain added.

Nifty 50 Prediction

On Monday, the Nifty 50 opened strong and climbed a fresh all-time high of 26,373 but failed to sustain these levels due to increased selling pressure, sliding to an intraday low of 26,210.

Offering a constructive outlook, Aakash Shah, Research Analyst, Choice Equity Broking, said, “It breached the key support of 26,300 and eventually closed near 26,244, indicating a short-term bearish bias. Immediate resistance for the index is placed in the 26,400–26,450 zone, while support is seen at 26,200–26,150. The RSI eased to 58.09, signaling weakening momentum, while the volatility picked up and heavy call writing at the 26,300 strike emerged as a crucial pivot level. Despite the near-term weakness, the broader buy-on-dips strategy remains intact as long as the index holds above 26,200.”(Edited)Restore original

Bank Nifty

The Bank Nifty also opened on a strong note and touched a fresh all-time high of 60,437 before witnessing profit booking at elevated levels, slipping below the psychological 60,000 mark to an intraday low of 59,859, on 5 January.

Shah further added, “The index recovered in the latter half of the session to close at 60,044, reflecting buying interest on declines. This price action suggests a phase of consolidation within an overall bullish trend. Resistance for Bank Nifty is placed at 60,300-60,400, while support is seen at 59,700-59,800. The RSI eased to 65.05, indicating mild cooling in momentum without any major breakdown signals.”

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Axis Bank has posted strong provisional metrics as of December 31, 2025. Gross advances (end balance) reached ₹ 11,70,500 crore, growing 3.7 percent quarter-over-quarter (QoQ) from ₹ 11,28,400 crore and 14.1 percent year-over-year (YoY) from ₹ 10,25,900 crore. Total deposits (end balance) climbed to ₹12,60,800 crore, up 4.8 per cent QoQ from ₹12,03,500 crore and 15 per cent YoY from ₹10,95,900 crore.

US President Donald Trump said Prime Minister Narendra Modi was aware of his displeasure and threatened to increase tariffs on India if New Delhi continues importing Russian oil. Speaking on Air Force One, Trump reiterated that “it’s important to keep him happy” regarding the matter. While New Delhi defends its purchases for energy security, the warning coincides with the increased US scrutiny of India’s energy trade with Russia. In the midst of ongoing talks to end the US-India trade standoff, the remarks came after a recent Trump-Modi phone conversation about trade relations and tariff tensions.

he Indian stock market closed in the red on Monday, January 5, despite supportive global signals, as investors engaged in profit-taking in selected heavyweight stocks amid heightened geopolitical concerns following a US military strike on Venezuela and the capture of President Nicolas Maduro and his wife.

The Sensex declined 322 points, or 0.38%, to settle at 85,439.62, while the Nifty 50 slipped 78 points, or 0.30%, to close at 26,250.30. Broader markets fared better, with the BSE midcap index edging up 0.05% and the smallcap index gaining 0.07%

Nifty 50

The Nifty 50 opened on a strong positive note and recorded a fresh all-time high of 26,373; however, it failed to sustain at higher levels and slid to an intraday low of 26,210, indicating selling pressure at elevated levels, on Monday, January 5.

On the Nifty outlook, Sumeet Bagadia, Executive Director at Choice Broking, said, “The index briefly breached the key support at 26,300 and confirmed a breakdown below it, closing at 26,244, which reinforces a short-term bearish undertone. Immediate resistance is placed in the 26,400–26,450 zone, while crucial support is located at 26,200–26,150.”

The daily RSI stands at 58.09 and is trending lower, reflecting the loss of bullish momentum. Volatility remained elevated, with India VIX rising 6.06 percent to 10.02. Derivatives data highlights heavy call writing at the 26,300 strike, establishing it as a critical pivot level. As long as the index sustains above 26,200, a selective buy-on-dips strategy remains favorable, with strict stop-loss maintained at 26,150.”

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