Stock Market Today: Nifty, Sensex Extend Decline On Expiry Day; RIL, HDFC Bank Drag Most

That's all for today folks. But before we part, a tiny bit of information for you. Nifty PSU Bank that was the second sector to gain the most today has outperformed the Nifty 50 and Nifty Bank indexes through the last one year. Here is why the index stood out.

• ICICI Bank, SBI, TCS, HUL and Sun Pharma emerged as the top gainers for the day.

• On the other hand, RIL, HDFC Bank, Trent, ITC and Kotak Mahindra Bank were the worst performers of the Nifty 50 index.

• Reliance falls over 5% intraday; worst intraday fall since April 2025.

• Reliance loses over one lakh crore m-cap in a day.

• IEX jumps over 10% is last hour of trade; next hearing date Jan. 9.

• Broader indices closed lower. Nifty Midcap 150 ended 0.20% lower and Nifty Smallcap 250 closed 0.31% lower.

• Most sectoral indices rose with Nifty pharma and Nifty PSU bank leading the gains, while Nifty oil and gas and Nifty media were among the losers.

• The market breadth was skewed in the favour of sellers, as 1,735 stocks declined, 1,500 advanced and 195 remained unchanged on the BSE.

• Nifty Midcap 150 falls for the 2nd consecutive day

• Cummins India and SJVN fall the most in Nifty Midcap 150

• Nifty Oil & Gas falls over 1.5% for the day; MGL and Reliance Industries falls over 4%

• Indian equities extended decline to end lower on expiry day.

• Intraday, both Nifty and Sensex fell nearly 0.50%.

• Nifty ends 71.60 points or 0.27% lower at 26,178.70.

• Sensex ends 376.28 points or 0.44% down at 85,063.34.

Tata Consumer gets Tax Demand of Rs 269 crore including interest from Bengaluru tax body.