Here is your Market Wrap for 13th January,2026 where we take a look at the key headlines from the Financial Markets that drew attention across the globe including the tariffs on countries trading with Iran and concerns in the US credit industry over cap limit, among others. Alongside we also get a glimpse of the Indian Equity Market Indices for the day– broader and sector wise, as well as the institutional trading activity & the US Markets.
So let us get underway..
TODAY’S MARKET WRAP
Today’s session in the Indian Equity markets ended with indices falling amidst rising volatility as Nifty 50 slipped below 25750 due to selling pressure in pharma, auto and realty stocks. On positive global cues, the markets opened higher from previous day but failed to sustain the early gains, thereby closing with modest losses due to lack of follow-through and fresh selling in heavyweights across sectors.
Among sectors, IT, media, PSU Bank and others ended in green, while FMCG, pharma, realty, capital goods among others registered around 0.3-0.5% decline. As per Moneycontrol, more than 220 stocks hit 52-week low including Dixon technologies, ITC while the overall market breadth was reportedly moderate. All in all, the market today was subdued owing to the ongoing geopolitical and global trade concerns which continued to weigh on risk appetite, keeping trading largely stock-specific.
Finance Flashcards Newsroom
TOP HEADLINES
Trump announces 25% tariffs on countries trading with Iran amid protests
In a bid to increase pressure on Tehran amid its violent crackdown on nationwide protests, the US President Donald Trump announced 25% tariffs on any country doing business with Iran. China, the largest trade pattern, along with India and the UAE are among major partners that could face consequences from this move. According to Moneycontrol, India exported $1.24 billion worth of goods to Iran in FY 2024-25, with imports of $0.44 billion, totaling $1.68 billion.
India already faces a 50% levy from the US, due to its crude oil business with Russia, in a bid to affect the export competitiveness, and this move coincides with ongoing India-US trade talks, aimed at resolving tariff issues and market access disputes. India’s Chabahar Port project, a critical hub for regional trade and humanitarian supplies, could face indirect challenges under the tariff framework.
Bharat coking coal Ltd. IPO oversubscribed a massive 147 times; GMP at 45%
According to data available on the NSE, the initial public offering (IPO) of BCCL witnessed a strong demand on final day of bidding, and was subscribed a whooping 147 times. The heavy subscription was also reflected in the grey market, where the shares were seen trading at a premium (GMP) of 43–45 percent over the issue price. Investorgain quoted GMP of Rs.10.3 pr share, at almost 45% listing gain while IPO Watch pegged GMP at around 43%.
The price band for the issue was fixed at Rs 21–23 per share, valuing the company at over Rs 10,700 crore at the upper end of the band. The listing of Bharat coking coal is part of Government’s divestment in the coal sector, aimed at unlocking value in Coal India’s subsidiaries.
US core inflation cools down to 2.6% in Dec. as Federal Reserve weighs on future policy decision
As per the Bureau of Labor Statistics, the core inflation in US has moderated in December in fresh evidence that consumer prices remain stable, while Federal Reserve weighs the timing of next interest rate decision. On a headline basis, consumer prices rose 0.3 percent in December, pushing the annual inflation rate to 2.7 percent, higher above Fed’s target of 2%.
The markets reacted to the release, as stock futures rose while Treasury yields edged lower. Also shelter inflation rose 0.4% in December being the largest contributor to the monthly increase, as per BLS. The future policy decision remains data-dependent as Fed officials remain cautious, awaiting sustained evidence of cooling before loosening policy.
Capital One, Amex shares slide after Trump’s credit card threat fuels profit concerns
According to Bloomberg, Major US Bank stocks including Capital One Financial Corp., American Express Co. among others sank after US President Donald Trump called on the companies to cap interest rates to 10% for a year, effective 20thJan.,2026 as per Trump’s Truth Social Post. This move could wipe out billions in profits for the banking industry’s one of the biggest businesses, fueling investor uncertainty. Capital One tumbled 6.4% while Amex dropped 4.3% along with JPMorgan Chase & Co. sliding 1.4%.
As per Mike Mayo, analyst at Wells Fargo & Co., the cap proposed by the President could wipe out earnings from cards for a year, and the idea itself could ruin card economics.
EQUITY MARKETS WRAP
INDIAN INDICES
As on 13th January,2026 at 16:00IST
US MARKETS
As on 13th January,2026 at 23:30IST
INDIAN MARKET WRAP
Indices
BSE Sensex and Nifty50 opened higher yet closed with moderate losses after failing to sustain early gains from the sharp recovery of the previous day to remain largely rangebound in another volatile session. At close, Sensex was down 250.48 points (~0.30 percent) at 83,627.69, and the Nifty50 was down 57.95 points (~0.22%) to close at 25,732.30, driven lower amidst selling pressure in pharma, realty among others.
Mixed performance was seen among the broader indices, with the BSE Midcap index declining 0.2 percent, while the Smallcap index rose 0.5 percent.
Sector and Stock Movement
L&T and Reliance Industries were among losers on the Nifty today, while gainers were ICICI, Tech Mahindra and ONGC, among others.
Sector-wise, IT, media, PSU Bank, metal ended in the green, while FMCG, capital goods, consumer durables, pharma, realty fell between 0.3-0.5 percent. Auto sector extended the losses from the previous day, while metal and PSU Bank continued to trade higher above the benchmark indices, extending previous day gains.
Institutional Trading Activity
During the session today, DIIs purchased shares worth Rs 15,445 crore alongside offloading shares shares worth Rs 14,263 crore. On the other hand, FIIs/FPIs sold equities worth Rs 13,495 crore, while also buying shares worth Rs 11,995 crore, thus net selling Rs.1500 crore.
That’s it from our today’s Wrap of the Markets. Do share your thoughts and stay tuned.
