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Renewed tariff jitters drag nifty to end lower on Tuesday

13 Jan 2026 Evaluate

Indian equity benchmark -- Nifty -- ended lower on Tuesday amid renewed tariff jitters. Index made a positive start following positive cues from other Asian market. But in a while, index pared all gains and started wavering near neutral line with negative bias. Market participants avoided risky bids ahead of weekly F&O expiry. Meanwhile, traders took note of report that the Government data showed retail inflation rose to a three-month high of 1.33 percent in December 2025 mainly due to higher prices of kitchen essentials, including vegetables and protein-rich items. In afternoon session, market extended its losses as US President Donald Trump announced that he would impose a 25 percent tariff on countries trading with Iran. However, in last leg of the trade, index trimmed some of its losses but ultimately ended below 25,750 mark.

Traders were seen piling up positions in PSU Bank, Media and IT stocks, while selling was witnessed in Consumer Durables, Realty and Pharma. The top gainers from the F&O segment were Oil India, Manappuram Finance and Oil & Natural Gas Corporation. On the other hand, the top losers were Dixon Technologies (India), Vodafone Idea and Trent. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 25900 - 26100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased by 1.49% and reached 11.20. The 50 share Nifty down by 57.95 point or 0.22% to settle at 25,732.30.

Nifty January 2026 futures closed at 25780.40 (LTP) on Tuesd

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