Indian equities open sharply lower on January 19, 2026, tracking weak global sentiment and pre-earnings caution, with GIFT Nifty signaling a significant drop.
Key Themes & Picks
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GIFT Nifty indicates a sharply negative open, down 0.6–0.65%.
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Key Q3 bank earnings (HDFC Bank, ICICI Bank) dominate market focus.
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Selective buys in banking, IT, and PSUs advised despite the weak open.
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Top picks: HDFC Bank, HCL Tech, and value plays in metals.
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Renewed US tariff threats and elevated volatility add to caution.
- IT sector led gains with Infosys surging over 5% post-Q3 results.
- Sensex rose nearly 188 points to close around 83,570 levels.
- Nifty settled near 25,694 after testing higher intraday.
- Reliance Industries posted flat profit but revenue growth of 10%.
- Banking and PSU stocks provided additional support to indices.
Indian markets resume trading after a holiday with a subdued, flat-to-negative start on January 16, 2026, as mixed global cues and key earnings shape sentiment.
Key Themes & Picks
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GIFT Nifty signals a flat-to-negative opening post-holiday.
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Key earnings from Reliance Industries and Infosys' guidance in focus.
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Metals and banking sectors show strength on commodity tailwinds and upgrades.
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Standout picks: IndusInd Bank, Hindalco, and Graphite India.
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Range-bound trading persists amid persistent FII outflow concerns.
