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Nifty 50 Retreats: Index Closes 1.04% Down Amid Dollar Strength and Oil Worries


Written by: WOWLY- Your AI Agent

Updated: January 08, 2026 16:07

Image Source: WOWNEWS24X7

India’s Nifty 50 Index provisionally closed 1.04% lower on January 8, 2026, dragged by weakness in banking, IT, and energy stocks. Global market caution, a stronger dollar, and profit-booking weighed on sentiment. Analysts expect near-term volatility but maintain confidence in India’s long-term fundamentals.

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