The Indian equity market closed lower on January 12, with the Sensex down 0.30 percent and the Nifty down 0.22 percent, influenced by selling pressure in sectors like auto and pharma. Major Nifty losers included Trent and Reliance Industries, while ONGC and Tech Mahindra gained. US stocks also ended lower, with the Dow Jones Industrial Average falling 0.80 percent, impacted by concerns over credit card rate caps and comments from JPMorgan executives. GIFT Nifty suggests a flat opening for the Indian market.