For the fourth consecutive session, India's equity markets retreated on January 8, 2026, as the Nifty 50 and BSE Sensex absorbed the weight of global uncertainty, US tariff anxieties, and geopolitical unease that have made emerging markets uneasy ground. Yet within this broader withdrawal, analysts continue to find pockets of resilience — in sectors projecting double-digit earnings growth and in individual stocks whose technical patterns suggest that patient, selective capital may yet find its footing. Markets, as ever, hold both the story of fear and the quieter story of opportunity within th
Indian markets extend losses; analysts flag eight stocks to buy amid tariff concerns
The market will likely remain under pressure in the near term
Mark
So the market dropped for four days straight. That's the headline. But what's actually driving it—is this a correction or something more serious?
Mimi
It's a combination of things. Global weakness is real, geopolitical tensions are real, but the tariff concern is the one that's keeping people up at night. That's the uncertainty that's hard to price.
Luke
Right, but here's what we don't know: how much of this is priced in already? The analysts are saying earnings will be strong—25% growth in Oil & Gas, 26% in NBFC lending. If those numbers hold, this could be a buying opportunity. But if tariffs actually hit, those earnings forecasts might be too optimistic.
Mark
So the analysts are recommending eight stocks to buy right now. Are they saying the market has overshot downward?
Mimi
That's the bet they're making. They're looking at technical patterns—support levels, moving averages, RSI indicators—and saying these eight stocks have found their footing. They're not saying the market is done falling. They're saying these particular names have set up well for a bounce.
Luke
But I want to be careful here. These are technical recommendations, not fundamental calls. The analysts are saying "the chart looks good," not "the company is worth more than the market thinks." That's different. And the earnings forecasts—those are sector-level projections, not company-specific. We don't know if Infosys or Dr. Reddy's will actually hit those growth rates.
Mark
What about the commodities? Gold and silver both fell. Is that a sign of risk-off sentiment?
Mimi
Gold fell slightly, but it's being driven by index rebalancing, not panic. Silver had a bigger intraday drop—over 5%—but closed down less than 1%. That's volatility, not a crash. The real driver ahead is going to be US employment data and payroll numbers.
Luke
Exactly. These are macro events we can't predict. The analysts are saying volatility will increase, which means these stop-losses matter. If you're buying at these levels, you need to respect the risk management they're laying out. A stop-loss at ₹3,930 on AIA Engineering isn't optional—it's the price of admission.
Il Polso
- Indian equities fell for a fourth straight day, with the Nifty 50 shedding over 1% and the Sensex dropping nearly 0.92%, reflecting a market increasingly worn down by external pressures.
- Concerns over potential US tariffs and persistent geopolitical tensions are eroding investor confidence across emerging markets, keeping institutional appetite subdued.
- Commodities offered no refuge — silver swung violently intraday, plunging over 5% before partially recovering, while gold slipped modestly amid index rebalancing pressure expected to intensify in coming days.
- Analysts at Motilal Oswal see earnings growth ahead in Oil & Gas, NBFCs, Telecom, and Cement, but caution that near-term market pressure is unlikely to ease quickly.
- Eight stocks — spanning engineering, pharmaceuticals, IT, and fertilizers — have been flagged by broking analysts as technical buy opportunities, each with defined targets and stop-losses for traders willing to act amid the uncertainty.
For the fourth consecutive session, India's equity markets retreated on January 8, 2026, as the Nifty 50 and BSE Sensex absorbed the weight of global uncertainty, US tariff anxieties, and geopolitical unease that have made emerging markets uneasy ground. Yet within this broader withdrawal, analysts continue to find pockets of resilience — in sectors projecting double-digit earnings growth and in individual stocks whose technical patterns suggest that patient, selective capital may yet find its footing. Markets, as ever, hold both the story of fear and the quieter story of opportunity within the same moment.
India's stock markets closed lower for the fourth consecutive session on January 8, 2026, with the Nifty 50 finishing at 25,876.85 points — a decline of 1.01% — and the BSE Sensex settling at 84,180.96 points, down 0.92%. The selloff was driven by a familiar combination: weak global cues, mounting fears over potential US tariffs, and geopolitical tensions that have kept emerging market investors on edge.
Despite the gloom, Siddhartha Khemka of Motilal Oswal Financial Services offered a more measured view of the medium-term landscape. He projected broad-based earnings growth across key sectors — Oil and Gas at 25%, NBFCs at 26%, Cement at a striking 66%, and Telecom at nearly 2.6 times current profit levels. Still, he acknowledged that near-term sentiment will likely remain fragile as tariff concerns and international weakness continue to weigh on the market.
In commodities, gold edged down marginally on the MCX, closing at ₹137,700 per 10 grams, with analysts attributing the dip to annual commodity index rebalancing expected to generate significant selling pressure over the coming days. Silver was far more turbulent, plunging over 5% intraday to a low of ₹236,044 per kilogram before closing at ₹242,631 — a sharp retreat from its prior close of ₹250,605.
Against this backdrop, analysts from three broking firms identified eight stocks as tactical buying opportunities. Sumeet Bagadia of Choice Broking highlighted AIA Engineering — trading at ₹4,075 with a target of ₹4,365 — and India Cements near ₹471, targeting ₹503, both showing strong upward momentum and RSI readings signaling growing buying interest. Ganesh Dongre of Anand Rathi recommended Dr. Reddy's Laboratories, Infosys, and Kfin Technologies, each exhibiting bullish technical patterns recovering from key support levels. Shiju Kuthupalakkal of Prabhudas Lilladher rounded out the list with Netweb Technologies, Fertilizers and Chemicals Travancore, and Zensar Technologies — all showing signs of recovery on rising volume. All recommendations carried the standard advisory that investors consult certified professionals before acting.
The Indian stock market extended its losing streak on Thursday, January 8th, closing lower for the fourth consecutive trading session. The Nifty 50 index fell 1.01% to finish at 25,876.85 points, down from 26,140.75 points the previous day. The BSE Sensex declined 0.92%, closing at 84,180.96 points compared to 84,961.14 points at the prior close. The selloff reflected a broader retreat by investors responding to weak global market signals, mounting concerns over potential US tariffs, and ongoing geopolitical tensions that have rattled confidence across emerging markets.
Despite the near-term headwinds, market analysts see reason for selective optimism in specific sectors and individual stocks. According to Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, earnings growth is expected to be broad-based across multiple industries. Oil and Gas companies are projected to post 25% year-over-year profit growth, while NBFC lending is anticipated to jump 26%. Automobiles, Metals, Capital Goods, and Cement are all forecast to deliver double-digit gains—with Cement showing particularly strong momentum at 66% expected growth. Telecom stands out with a projected 2.6-fold jump in profits. Yet Khemka cautioned that the market will likely remain under pressure in the near term, weighed down by tariff anxieties, geopolitical risks, and weak international cues that continue to dampen investor appetite.
In the commodities space, gold prices edged lower on the Multi-Commodity Exchange, closing down 0.03% or ₹42 per 10 grams at ₹137,700 per 10 grams. Jatin Trivedi, VP Research Analyst at LKP Securities, attributed the pullback to annual rebalancing of major commodity indexes, a process expected to trigger billions of dollars in selling pressure over the coming days. Macro events including ADP non-farm employment data and non-farm payroll figures are likely to add volatility and shape gold's near-term direction. Silver prices proved more volatile, closing down 0.28% or ₹693 per kilogram at ₹242,631 per kilogram. During afternoon trading, silver plummeted over 5%, hitting an intraday low of ₹236,044 per kilogram, a sharp drop from the previous close of ₹250,605 per kilogram.
With broader market sentiment fragile, several broking analysts have identified eight stocks they believe offer buying opportunities for traders willing to take calculated positions. Sumeet Bagadia at Choice Broking recommended AIA Engineering and India Cements. AIA Engineering, trading at ₹4,075, is suggested as a buy with a target price of ₹4,365 and a stop-loss at ₹3,930. The stock has formed a pattern of higher highs and higher lows, recently reaching a 52-week high of ₹4,168.70. Its 20, 50, 100, and 200-day exponential moving averages are all trending upward, with price trading above all major moving averages. The Relative Strength Index stands at 61.03 and is climbing, signaling growing buying momentum.
India Cements, trading near ₹471, carries a buy recommendation with a target of ₹503 and a stop-loss at ₹455. The stock has recently broken out from a prolonged consolidation phase and marked a fresh all-time high near ₹485.80. It trades comfortably above all key moving averages, which are aligned upward. The RSI is at 72.39 and rising, reflecting strong momentum. Ganesh Dongre at Anand Rathi recommended three additional stocks: Dr. Reddy's Laboratories at ₹1,206 targeting ₹1,260 with a stop-loss at ₹1,590; Infosys at ₹1,612 targeting ₹1,660 with a stop-loss at ₹1,580; and Kfin Technologies at ₹1,065 targeting ₹1,110 with a stop-loss at ₹1,050. All three are described as exhibiting strong bullish patterns with renewed strength from key support levels.
Shiju Kuthupalakkal at Prabhudas Lilladher identified three additional opportunities. Netweb Technologies India, trading at ₹3,397, is recommended for purchase targeting ₹3,550 with a stop-loss at ₹3,330. The stock has recovered from a low near ₹3,000 and moved past its 50-day exponential moving average at ₹3,260 on significant volume. Fertilizers and Chemicals Travancore, at ₹891, targets ₹945 with a stop-loss at ₹872, having formed a higher bottom near ₹866 and cleared its 50-day moving average at ₹884. Zensar Technologies, at ₹718.45, targets ₹760 with a stop-loss at ₹702, having held support near ₹690 and showing positive candle formations with rising volume. All eight recommendations come with the caveat that market conditions remain uncertain and investors should consult certified advisors before committing capital.
Citazioni salienti
Earnings growth is likely to be broad-based, led by Oil & Gas, NBFC Lending, Automobiles, Metals, Telecom, Capital Goods, and Cement. Overall, the market is expected to remain under pressure in the near term, dragged by concerns over US tariffs, ongoing geopolitical tensions and weak global market cues.— Siddhartha Khemka, Head of Research, Motilal Oswal Financial Services
The pullback in gold prices is due to global factors such as annual rebalancing of major commodity indexes. Macro triggers, including ADP non-farm employment and non-farm payrolls, are likely to add volatility and provide direction to gold prices going ahead.— Jatin Trivedi, VP Research Analyst, LKP Securities
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