Reliance Signals Potential Venezuelan Oil Purchases; Nifty Oil & Gas Leads & More – Paper by Pocketful
Market Recap: 09th January, 2026
Top Gainers & Losers (Nifty 50)
🗞 Stock News Highlights
Rail Vikas Nigam Limited (-3.02%): Stock slips despite RVNL securing ₹201 crore East Coast Railway order for wagon POH workshop in Odisha, completion targeted within 18 months.
Manappuram Finance (-7.64%): Stock falls as Manappuram Finance declines after reports that RBI raised regulatory concerns over Bain Capital’s proposed controlling stake, delaying the deal and weakening investor sentiment.
Advait Energy Transitions (-1.08%): Stock in focus as company wins ₹27.88 crore order for HTLS conductor replacement, upgrading existing ACSR Panther transmission infrastructure.
Reliance Industries (+0.32%): Stock in green as Reliance signals potential Venezuelan oil purchases, awaiting regulatory clarity for non-U.S. buyers and ensuring full compliance.
🏢 Sectoral Performance
Oil & Gas | Nifty Oil & Gas (+0.32%): Index rose with 7 gainers and 8 draggers, supported by positive market sentiment and renewed buying interest in the sector.
IT | Nifty (+0.32%): Index is in green, recovering from yesterday’s fall, with HCL Tech, Coforge, and TCS leading gains amid renewed buying interest.
Realty | Nifty Realty (-2.26%): Index declined with most constituents lower, led by Godrej Properties and DLF, reflecting profit booking, weak sector sentiment, and ongoing market volatility despite healthy pre-sales.
Auto | Nifty Auto (-1.03%): index fell today with 1 gainer and 14 draggers, as broader market weakness and profit booking weighed on the sector, hitting key auto stocks across the board.
🔍 Market Insights
Technical Level: Nifty opened with a minor gap down and saw high liquidity in the opening, making resistance near 25,940, followed by rapid selling till the close, finding support around 25,625.
Advance-Decline Ratio: Broad-based selling dominated today with 2,394 stocks declining while 744 advanced, reflecting weakness across key sectors.
The Big Picture: Europe reassesses security as Trump threatens to annex Greenland, rich in minerals. Denmark plans $13.8B rearmament, though analysts doubt NATO would confront U.S. militarily over the island.
FII/DII Activity (Jan 8, 2026): DII bought stocks worth ₹3,701 crore while FII sold ₹3,367 crore, reflecting mixed institutional flows in the market today.
🔮 Watch Out For Tomorrow
Earning Corner: Avenue Supermarts and Gretex Corporate Services are scheduled to release their Q3 results tomorrow, with investors eyeing revenue growth, profitability, and operational performance updates.
Macro: USA Inflation Rate YoY (Dec) and India Inflation Rate YoY (Dec) are scheduled for release next week, likely influencing global and domestic market sentiment.
Index Watch: Market opened marginally lower after yesterday’s heavy sell-off. Weakness continued as investors grew cautious, with global concerns over Trump tariffs and Venezuela tensions impacting oil prices. The market corrected nearly 2% this week, FII selling remained heavy, pushing Nifty toward 25,500. Analysts watch whether the index will test this level next week or bounce back to post gains.
5 Day Course
Theme: Risk Management for Active Traders
Day 4 – Surviving Drawdowns Without Blowing Capital
Managing drawdowns means reducing risk, avoiding revenge trading, and preserving capital so traders stay in the game during losing streaks.
Example:
You buy Nifty at 22,000 with a stop-loss at 21,950 (risk 50 points). Your target is 22,150 (reward 150 points). Even if only 4 out of 10 trades succeed, you still remain profitable due to a 1:3 risk-reward setup.
📝 Word Of The Day
Capitulation : A phase when investors sell in panic, often marking extreme pessimism and sometimes signaling a market bottom.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.