On Wednesday, the Indian stock market closed in the red. Nifty 50 opened at 25,141.00, reaching a high of 25,300.95 and closing at 25,157.50, down by 0.30%. Similarly, the BSE Sensex opened at 81,794.65, reached a high of 82,407.05, and ended at 81,909.63, down by 0.33%.Reasons for the negative sentimentThe following are the reasons for the negative sentiment:Negative cues from the global markets amid ongoing geopolitical tensions and tariff concerns.Foreign investors remained the net sellers in the Indian markets.The rupee depreciated by 31 paise to an all-time low of 91.28 against the U.S dollar.Major Indices Today IndicesLTPPrev closeChangeNifty 5025,157.5025,232.50-0.30%BSE Sensex81,909.6382,180.47-0.33%Next 5066,864.4567,110.90-0.37%Bank Nifty58,800.3059,404.20-1.02%Fin Nifty26,963.5027,200.60-0.87% Nifty and Sensex traded in the red, dragged down by the Banking, IT, and FMCG stocks.Nifty Next 50 traded in red, dragged down by Defence, IT, and FMCG stocks.Nifty Bank traded in the red amid cautious sentiment, following a review meeting on January 30 by the Finance Ministry with heads of public sector banks and chairpersons of Regional Rural Banks (RRBs) to assess their performance after amalgamation.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT37,992.3038,101.05-0.29%Nifty Auto26,871.2526,948.10-0.29%Nifty FMCG51,402.5051,713.00-0.60%Nifty Pharma21,584.4021,714.30-0.60%Nifty Healthcare13,910.3013,993.65-0.60%Nifty Oil & Gas11,402.7011,372.250.27% Nifty IT traded in the red amid selling pressure in stocks like Persistent Systems following a sequential drop in net profit in its quarterly earnings.Nifty Auto and Nifty FMCG traded in red amid broader market sentiment.Nifty Pharma traded in the red due to cautious investor sentiment ahead of Dr Reddy’s quarterly earnings today.Nifty Oil and Gas traded in green, after Bharat Petroleum Corporation finalised two import tenders for Iraq’s Basrah oil and Oman crude covering April 2026–March 2027.Market Movers Today Highway Infrastructure shares rose by 1% after the company was appointed as the user-fee collection agency at the Mundka Fee Plaza, located on the strategically significant Urban Extension Road-11 (UER-11) corridor connecting Delhi and Haryana.Eternal shares rose by 6% as the company is set to announce its December quarter (Q3FY26) results today.SRF shares dropped by 6% after management said during its post-earnings conference call that it is facing persistent pressure from Chinese competitors across some of its core product categories.Hexaware Technologies shares dropped by 3.1% after the company’s president and global head of banking, Chinmoy Banerjee, resigned.Top Gainers Company NameLTPPrev CloseChangeEternal283.50269.605.16%Swiggy334.55326.102.59%Dabur India516.20505.102.20%Info Edge1,332.901,304.602.17%Hindustan Zinc697.55680.752.47% Top Losers Company NameLTPPrev CloseChangeKalyan Jewellers396.55451.45-12.16%SRF2,676.902,883.20-7.16%Laurus Labs987.901,035.50-4.60%One 97 Communications1,235.901,296.80-4.70%UPL691.70723.45-4.39% 52W High Stocks Company NameLTP52W highChangeMuthoot Finance3,906.604,028.30-0.61%Sri Adhikari Bros. Tele Network2,079.302,247.00-5.00%AG Universal69.6571.002.43%Avana Electrosystems76.3083.60-4.98%Milton Industries45.0045.202.04% 52W Low Stocks Company NameLTP52W lowChangeITC324.75324.35-0.48%Trent3,764.403,693.10-1.87%ABB4,707.504,637.500.34%Lodha Developers980.20961.300.09%Indian Hotels Company653.60637.551.25% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea10.1210.13-0.10%Yes Bank21.6621.70-0.18%Tata Steel184.41183.560.46%Suzlon Energy45.5346.34-1.75%HDFC Bank920.35931.20-1.17% IPOsShadowfax Technologies' IPO is open and will close on 22nd January 2026. The price band is set at ₹118 to ₹124 per share.Listed todayAmagi Media Labs shares were listed at a 12% discount to the IPO price on the BSE at ₹317 and at ₹318 on the NSE. The price band was set at ₹343-361 per share.Market AnnouncementsPersistent Systems shares dropped by 4% after the company reported a net profit of ₹439.45 crore, down by 7% QoQ.Shoppers Stop shares dropped by 12.39% after the company’s consolidated net profit fell by 74% YoY to ₹12.61 crore in Q3FY26.