Indian benchmarks open lower despite positive global cues

Indian equity indices opened lower on January 5, 2026, despite gains across global markets. Sensex started at 85,640, while Nifty declined to 26,283. IT stocks led early losses as geopolitical concerns linked to Venezuela weighed on sentiment, offsetting supportive overnight cues from US and Asian markets.

Ahead of Chevron’s scheduled fourth quarter 2025 earnings release, analysts forecast a dip in profitability compared with the year ago period as oil and gas prices remain under pressure and refining margins tighten. Estimates suggest adjusted EPS around $1.54, below prior year results, while revenue expectations also reflect slower growth for the integrated energy giant. Investors will watch whether Chevron can sustain dividend strength and capital return plans amid margin headwinds and uncertain macro demand.