Mon Jan 05 04:10:00 UTC 2026: ## Indian Markets Open Flat Amid Geopolitical Uncertainty, Sectoral Performance Mixed

Mumbai, January 5, 2026 – Indian stock markets opened on a flat note today, January 5, 2026, amidst prevailing global geopolitical uncertainties. As of 13:13 IST, the Sensex traded flat, with the IT sector experiencing a decline of 1.4%, while media, consumer durables, realty, auto, and metal sectors showed gains ranging from 0.5-1.5%. BSE Midcap and smallcap indices remained largely unchanged.

Key Highlights:

  • Dixon Technologies: Subsidiary receives government approval under the Electronics Component Manufacturing Scheme, manufacturing of Camera Module Sub-assemblies and Optical Transceiver-SFPs, respectively. Stock traded up marginally by 0.10%
  • RBL Bank: Incred retains a “hold” rating, but noted a moderation in gross loan growth.
  • NIBE: Secures a significant supply contract worth ₹292.69 crore with the Indian Army for universal rocket launcher systems, causing the stock to surge nearly 5%.
  • Tata Motors CV: Incred initiates an “add” rating on Tata Motors Commercial Vehicles, citing a cyclical demand turnaround. However, the stock saw a dip of over 3%.
  • Oil Prices: Remained stable despite geopolitical shock, as markets see limited impact on global supply, WTI slipped below $57/bbl
  • Rupee: Traded at a day’s low of 90.27 per dollar.
  • Amber Enterprises India: Subsidiaries receive formal approval under the Electronics Components Manufacturing Scheme (ECMS), leading to a 4.22% surge in the stock.
  • Adani Enterprises: Launches its third public issue of non-convertible debentures (NCDs) worth ₹1,000 crore, offering up to 8.90% per annum. The company’s subsidiary, Adani Road Transport, is set to acquire a 49% stake in Sree Vishwa Varadhi.
  • Citi: Downgrades ITC to “sell” from “buy” with a target price of ₹320.
  • HDFC Bank: Q3 gross advances rise 12%.
  • Gold Prices: Surge amid escalating geopolitical tensions following the US capture of the Venezuelan president.
  • Coal India: Plans to launch the IPO of Bharat Coking Coal (BCCL) on January 9.
  • Avenue Supermarts: Q3 revenue is up 13%, but Q3 revenue is down at 1.78%.

Global Factors:

Analysts attribute the flat opening to geopolitical uncertainties arising from the situation in Venezuela. However, limited impact on global crude supplies and optimism in the banking sector have provided some support to the market.

Expert Views:

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that geopolitical developments could have profound consequences, influencing market trends. A positive outcome of the Venezuelan crisis for India is that the long-term impact is bearish for crude. Prashanth Tapse, Senior VP (Research) at Mehta Equities, said that Q3 updates fueled buying.

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