Indian stocks have been slipping for five straight sessions, and investors are nervous about possible U.S. tariffs on Russian oil.
Why the market is falling
President Donald Trump is considering very high tariffs—up to 500%—on countries that keep buying oil from Russia. India could face an extra 25% duty on top of an existing 25% tariff because it still imports Russian crude.
The U.S. Supreme Court is set to give its ruling on these “Liberation Day” tariffs on January 9. If the court says the tariffs are illegal, the Indian market could bounce back, but until the decision is out many investors are staying on the sidelines.
Recent market numbers
- Sensex fell more than 670 points on the day, taking the five‑day loss to over 2,200 points (about 2.6%).
- Nifty 50 is down about 2.5% over the same period.
Nifty outlook for the week
Technical analyst Nagaraj Shetti says the short‑term trend is weak, although the medium‑term trend remains positive.
- Support at 26,100 has been broken; the next support level to watch is around 25,850.
- Immediate resistance is near 26,150.
Two stock picks to watch
Shetti recommends two stocks that could perform well over the next week.
- Dabur: Buy at ₹525, target ₹550, stop‑loss ₹510.
- Inox Wind: Buy at ₹120, target ₹114, stop‑loss ₹124.
Disclaimer
This article is for educational purposes only. The views expressed are those of the analysts quoted, not of this platform. Always do your own research or consult a certified financial advisor before making any investment decisions.