Navia Weekly Roundup (Jan 05 – 09 2026)

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• Week in the Review
• Indices Analysis
• Interactive Zone!
• Sector Spotlight
• Top Gainers and Losers
• Currency Chronicles
• Commodity Corner
• Top Blogs of the Week!
• N Coins Rewards

Week in the Review

Indian equity indices experienced a severe downturn during the week ending January 9, 2026, marking their worst weekly performance in over three months. The benchmark Nifty 50 and Sensex fell for five consecutive sessions, erasing approximately Rs 13.49 lakh crore in investor wealth.

Indices Analysis

BSE Sensex index decrease 2.41 percent at 83,576, while Nifty50 index lose 2.5 percent at 25,683.

The BSE Large-cap Index declined 2.5 percent over the week, weighed down by losses in Waaree Energies, IDBI Bank, Trent, Swiggy, and Adani Energy Solutions. On the other hand, stocks such as Solar Industries India, Bharat Electronics, Titan Company, ICICI Bank, Lupin, Divi’s Laboratories, and Union Bank of India ended the week in the green.

The BSE Mid-cap Index declined 2.6 percent during the week, weighed down by losses in Premier Energies, Mahindra & Mahindra Financial Services, Jindal Stainless, Suzlon Energy, Hindustan Petroleum Corporation, and Rail Vikas Nigam. Meanwhile, select stocks such as Ipca Laboratories, Emcure Pharmaceuticals, Tata Elxsi, CRISIL, and National Aluminium Company bucked the broader trend to end higher.

The BSE Small-cap index declined nearly 4 percent during the week, with heavy selling seen across several stocks. Shares of Systematix Corporate Services, Balu Forge Industries, Worth Investment & Trading, VTM, Kiri Industries, Sai Silks Kalamandir, Indian Metals & Ferro Alloys, Transformers and Rectifiers India, Stallion India Fluorochemicals, Wardwizard Innovations and Mobility, Baazar Style Retail, Elecon Engineering Company, Kitex Garments, Faze Three, and Sandur Manganese and Iron Ores tumbled between 15 and 23 percent.

Foreign Institutional Investors (FIIs) continued to remain net sellers during the week, offloading equities worth Rs 9,209.90 crore. In contrast, Domestic Institutional Investors (DIIs) provided support to the market, purchasing equities worth Rs 17,594.58 crore.

Interactive Zone!

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Sector Spotlight

Sectorally, Nifty Oil & Gas, and Nifty Energy indices declined 5-6 percent during the week. Nifty Metal, Realty, and Auto indices also remained under pressure, each slipping more than 2 percent. In contrast, the Nifty Defence index gained 1.1 percent, while the Nifty Consumer Durables index rose near 1 percent.

Top Gainers and Losers

Currency Chronicles

USD/INR:

The USD/INR rate closed at ₹90.21 per dollar, gaining 0.26% during the week, reflecting a bullish market sentiment.

EUR/INR:

The EUR/INR rate closed at ₹104.97 per euro, losing 0.27% during the week, reflecting a bearish market sentiment.

JPY/INR:

The JPY/INR rate closed at ₹0.57 per yen, losing 0.2% during the week, reflecting a bearish market sentiment.

Stay tuned for more currency insights next week!

Commodity Corner

Crude Oil Futures continue to trade in a short-term corrective structure within a broader sideways-to-bearish range on the 1H timeframe. Price is currently moving below a declining trendline resistance, indicating selling pressure on rallies. The recent bounce from the lower support zone near 5010–5050 appears corrective and has struggled to sustain above the intermediate resistance area around 5180–5200. As long as price remains below 5300, the near-term bias stays weak, with sellers likely to defend higher levels. A sustained move below 5100 would reinforce bearish momentum and could drag prices toward 5010 again. On the upside, only a decisive breakout above 5300 would negate the bearish structure and open scope for a move toward 5430. Until then, Crude Oil is expected to remain volatile with a sell-on-rise bias.

Gold Futures continue to trade within a broader rising channel, indicating that the higher-timeframe trend remains bullish. However, recent price action shows a phase of consolidation and supply interaction near the upper resistance band around 140000–141000, where selling pressure has emerged. Price has pulled back sharply from this supply zone and is now stabilizing above the key structural support near 133500, which previously acted as a strong breakout base. The current movement appears to be a healthy corrective consolidation within the broader uptrend rather than a trend reversal. As long as prices sustain above 133500, the bullish structure remains intact, and a gradual recovery toward 138500–140000 can be expected. A decisive breakout above 141000 would open the door for further upside extension toward 143000–145000. On the downside, a breakdown below 133500 would weaken the bullish bias and expose deeper retracement levels toward 129000, where higher-timeframe demand is placed. Overall, trend bias remains cautiously bullish with near-term direction dependent on price behavior around the 133500–135000 support zone.

Natural Gas Futures remain under sustained selling pressure on the 1H timeframe and are trading within a well-defined descending channel, indicating a strong bearish short-term structure. Price has repeatedly failed near lower highs and is currently hovering close to a key demand zone around 305–300, which has acted as interim support in recent sessions. The broader trend remains negative as long as prices stay below the declining trendline resistance near 330–335. Any bounce from the current zone is likely to remain corrective unless accompanied by strong follow-through buying. A decisive breakdown below 300 would confirm continuation of the bearish trend and open further downside toward 280–255, where the next major demand zones are placed. On the upside, only a sustained move above 335 would weaken the bearish bias and allow a recovery toward 350–370. Overall, trend bias remains bearish, with rallies expected to face selling pressure.

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Top Blogs of the Week!

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