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Sensex Prediction for Monday, Jan 12: The Indian equity benchmarks – Sensex and Nifty - closed this week down around 2.5 per cent, continuing decline for five
sessions amid persistent cautiousness among investors due to uncertainty over potential US-India tariff talks and escalating geopolitical worries. Profit-booking in autos, metals, and oil and gas weighed on indices during the week, while selective buying in consumer durables, on hopes of a demand revival, offered a brief respite, reported IANS. This week, Nifty dipped 2.45 per cent while Sensex was down 2.55 per cent.
Sensex, Nifty on Friday
Following a brief rebound in early trade, the 30-share BSE Sensex failed to carry forward the momentum and plummeted 604.72 points, or 0.72 per cent, to sink below the 84,000-level and settle at 83,576.24. During the day, the benchmark dropped 778.68 points, or 0.92 per cent, to 83,402.28.
The 50-share NSE Nifty was down 193.55 points or 0.75% at 25,683.30.
In the past five trading sessions, the BSE benchmark declined 2,185.77 points, or 2.54 per cent, and the Nifty tumbled 645.25 points, or 2.45 per cent.
Among the sectors, PSU Banks, Oil & Gas, IT, PSE, and Metals remained strong-footed, while weakness was seen in Realty, Private Banks, Financial Services, FMCG, and Consumer Durables.
Sensex gainers and losers on Friday
From the 30-share Sensex pack, NTPC, ICICI Bank, Adani Ports, Bharti Airtel, Sun Pharma and Bajaj Finance were among the biggest laggards.
In contrast, Asian Paints, HCL Tech, Bharat Electronics and Reliance Industries were among the gainers.
Sensex Prediction for Monday, January 12 (next week)
According to Aakash Shah, Research Analyst at Choice Equity Broking, the Sensex extended losses on January 9, marking another cautious trading session as broader markets remained weak and investors stayed risk-averse amid global uncertainties and tariff concerns.He further stated that the benchmarks witnessed volatile swings with bearish pressure dominating most of the day. “Sentiment was fragile throughout the session, with early attempts at recovery later giving way to selling, reflecting a lack of conviction to sustain upside,” he said.
Sensex Prediction: Technical outlook for Monday, January 12
According to Shah, the Sensex is currently in a "near-term corrective phase." While the index has faced persistent bearish pressure, Monday’s session will be a litmus test for the "bulls" to defend psychological floors.
“Technical momentum remains under pressure after multiple sessions of declines, suggesting a near-term corrective phase in play,” Shah said.
“On a broader level, defence and select PSU names showed relative strength during parts of the session, with defence stocks outperforming amid weak overall breadth. Key laggards were clustered in IT, metal, and realty sectors, which continued to weigh on the Sensex and dragged performance lower,” Shah further said.
Sensex Prediction for Monday, January 12: Key support, resistance levels
From a technical perspective, immediate resistance is placed at 84,100, followed by 84,400, where supply is expected to intensify, Shah believes.
“On the downside, the 83,100–83,000 zone is seen as a crucial support and potential accumulation area for positional traders,” he further said.
“The Sensex displayed weak intraday momentum with a bearish tilt on 09th Jan 2026, facing resistance at key levels and showing signs of short-term consolidation. While support near the current zone could offer buying interest, sustaining upside will require reclaiming immediate resistance zones to shift sentiment back in favour of bulls,” the analysts further said.
Stock market outlook next week: Key triggers
Investors are keeping an eye on key Q3 FY26 IT earnings scheduled for release next week.
Meanwhile, the court is expected to rule on US President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose broad global tariffs, including a 10 per cent base levy and higher reciprocal duties on key trading partners.
Volatility is likely to persist in the near term, particularly in US-exposed companies and sectors such as metals and oil and gas, according to analysts.
Overall, markets are expected to stay range-bound with a mixed bias, maintaining a balance between external risks and domestic fundamentals, analysts noted.
