The Indian stock market experienced significant losses for the week ending January 9, with the Sensex and Nifty 50 each dropping by 2.5%. This downturn was attributed to concerns over potential US tariffs, increased geopolitical uncertainties, and substantial foreign capital outflows. Profit-taking in major stocks also contributed to the decline, shifting market sentiment from early January optimism. Jigar S. Patel of Anand Rathi suggested three technical stock picks for the short term.