BSE PSU

Sensex and Nifty erased early gains, trading slightly lower amid FII selling, Foreign investors sold equities for 13th straight session in January, Weak earnings and rising crude prices also pressured market sentiment

* Sensex and Nifty erased early gains, trading slightly lower amid FII selling
* Foreign investors sold equities for 13th straight session in January
* Weak earnings and rising crude prices also pressured market sentiment

Sensex and Nifty slipped after early gains due to continued foreign investor selling, weak earnings from major firms, and rising crude prices. Technical analysis suggests Nifty could rise if momentum holds, but a drop below 25,150 may signal further downside.

shorts/business/sensex-falls-250-pts-from-day-s-high-nifty-below-25-300-key-factors-behind-market-rise

* Sensex and Nifty erased early gains, trading slightly lower amid FII selling
* Foreign investors sold equities for 13th straight session in January
* Weak earnings and rising crude prices also pressured market sentiment

The equity benchmark indices Sensex and Nifty gave up early gains to trade marginally lower on Friday, tracking sustained selling by foreign institutional investors.

The Sensex opened on a positive note at 82,335.94 and climbed to a day’s high of 82,516.27 in early trade. However, profit-booking at higher levels dragged the index into negative territory. At around 12 pm, the 30-share index was trading at 82,004.01, down 303.36 points or 0.37 percent.

The broader Nifty also pared gains and slipped to 25,190.95, down 98.95 points or 0.39 percent. During the session so far, the index moved between a high of 25,347.95 and a low of 25,190.95.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">ETERNAL</a>, InterGlobe Aviation and SBI Life Insurance Company were among the major laggards in the Nifty50 pack, declining up to 3 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/divislaboratories/DL03">Dr. Reddy's Laboratories</a> and Hindalco Industries, advanced up to 3 percent. Market breadth remained negative as about 1630 shares advanced, 1729 shares declined, and 165 shares unchanged.
<h3>Key factors behind market decline</h3>
1) FII outflows: Persistent foreign fund outflows continued to weigh on investor sentiment. The foreign institutional investors offloaded equities worth Rs 2,549.80 crore on Thursday, marking the 13th consecutive session of net selling in January, so far. FIIs were net buyers only on January 2 this month.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted "the FII stance towards India will be determined by the trend in India’s corporate earnings. Higher earnings growth alone can ensure sustained buying by FIIs since they have the option to invest in other markets where valuations are cheaper and earnings are better. Since earnings growth is sometime away and the FII selling strategy is expected to continue, preempting any healthy rally, the market is heavily net short. FIIs are adding to the short positions on every rally triggered by some positive news. The broader market, where FII presence is limited, is likely to witness action in response to Q3 results."

2) Tepid quarterly earnings: Index heavyweights also added to pressure on the market. Weak results from companies such as ICICI Bank and HCL Technologies dampened sentiment

3) Crude rises: Rising crude oil prices further capped gains. Brent crude, the global oil benchmark, rose 0.8 percent to USD 64.57 per barrel. Higher crude prices tend to impact India by widening the trade deficit and stoking inflation concerns, which can weigh on equities.

Here is a clear, coherent rewrite that tightens the geopolitical narrative and improves flow while preserving the meaning:

4) Geopolitical concerns: On Thursday, benchmark indices closed about 0.5 percent higher, ending a three-session losing streak. The rebound followed signals from US President Donald Trump that eased near-term geopolitical tensions, as he softened his stance on proposed tariffs against European countries and ruled out the use of force to seize Greenland.

However, despite the recovery, the indices remain down nearly 1.5 percent for the week so far. Market weakness persists as investors and policymakers assess the longer-term geopolitical implications of recent events. While Trump’s pullback reduced the immediate risk to Europe’s economic and political sovereignty, it has also triggered deeper concerns about the reliability of transatlantic relations.

According to Reuters, Trump’s earlier threats have shaken Europe’s confidence in its traditional partnership with the United States. EU officials and leaders acknowledged that relations have suffered significant strain.
<h3>Technical outlook</h3>
According to Anand James, Chief Market Strategist at Geojit Investments Limited, the Nifty witnessed consolidation in the previous session, with a morning star candlestick pattern indicating the possibility of further upside.

He said the index could attempt a move towards the 25,470–25,580 zone, and even 25,800, if momentum sustains. However, a failure to hold above the 25,300 level or a decisive break below 25,150 may shift the bias towards the downside, with potential targets in the 24,715–24,650 range.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

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Sensex falls 500 pts, Nifty below 25,150: 5 key factors behind market decline

Sensex news today: Sensex falls 500 pts, Nifty below 25,150: 5 key factors behind market decline

The equity benchmark indices Sensex and Nifty gave up early gains to trade marginally lower on Friday, tracking sustained selling by foreign institutional investors.

The Sensex opened on a positive note at 82,335.94 and climbed to a day’s high of 82,516.27 in early trade. However, profit-booking at higher levels dragged the index into negative territory. At around 1:30 pm, the 30-share index was trading at 81,794.63, down 512.73 points or 0.62 percent.

The broader Nifty also pared gains and slipped below 200-DMA to 25,132.95, down 156.95 points or 0.62 percent. During the session so far, the index moved between a high of 25,347.95 and a low of 25,124.65.

ETERNAL, InterGlobe Aviation and SBI Life Insurance Company were among the major laggards in the Nifty50 pack, declining up to 3 percent, while Dr. Reddy's Laboratories and Hindalco Industries, advanced up to 3 percent. Market breadth remained negative as about 1630 shares advanced, 1729 shares declined, and 165 shares unchanged.
Key factors behind market decline
1) FII outflows: Persistent foreign fund outflows continued to weigh on investor sentiment. The foreign institutional investors offloaded equities worth Rs 2,549.80 crore on Thursday, marking the 13th consecutive session of net selling in January, so far. FIIs were net buyers only on January 2 this month.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted &quot;the FII stance towards India will be determined by the trend in India’s corporate earnings. Higher earnings growth alone can ensure sustained buying by FIIs since they have the option to invest in other markets where valuations are cheaper and earnings are better. Since earnings growth is sometime away and the FII selling strategy is expected to continue, preempting any healthy rally, the market is heavily net short. FIIs are adding to the short positions on every rally triggered by some positive news. The broader market, where FII presence is limited, is likely to witness action in response to Q3 results.&quot;

2) Tepid quarterly earnings: Index heavyweights also added to pressure on the market. Weak results from companies such as ICICI Bank and HCL Technologies dampened sentiment

3) Crude rises: Rising crude oil prices further capped gains. Brent crude, the global oil benchmark, rose 0.8 percent to USD 64.57 per barrel. Higher crude prices tend to impact India by widening the trade deficit and stoking inflation concerns, which can weigh on equities.

Here is a clear, coherent rewrite that tightens the geopolitical narrative and improves flow while preserving the meaning:

4) Geopolitical concerns: On Thursday, benchmark indices closed about 0.5 percent higher, ending a three-session losing streak. The rebound followed signals from US President Donald Trump that eased near-term geopolitical tensions, as he softened his stance on proposed tariffs against European countries and ruled out the use of force to seize Greenland.

However, despite the recovery, the indices remain down nearly 1.5 percent for the week so far. Market weakness persists as investors and policymakers assess the longer-term geopolitical implications of recent events. While Trump’s pullback reduced the immediate risk to Europe’s economic and political sovereignty, it has also triggered deeper concerns about the reliability of transatlantic relations.

According to Reuters, Trump’s earlier threats have shaken Europe’s confidence in its traditional partnership with the United States. EU officials and leaders acknowledged that relations have suffered significant strain.
Technical outlook
According to Anand James, Chief Market Strategist at Geojit Investments Limited, the Nifty witnessed consolidation in the previous session, with a morning star candlestick pattern indicating the possibility of further upside.

He said the index could attempt a move towards the 25,470–25,580 zone, and even 25,800, if momentum sustains. However, a failure to hold above the 25,300 level or a decisive break below 25,150 may shift the bias towards the downside, with potential targets in the 24,715–24,650 range.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Live: Will Nifty extend gains to the second day? | Opening Bell

Sensex and Nifty expected to open higher, supported by firm GIFT Nifty cues, Markets rose as Trump withdrew tariff threats, boosting investor sentiment., Gold hit a record high near $5,000 an ounce amid geopolitical risks

* Sensex and Nifty expected to open higher, supported by firm GIFT Nifty cues
* Markets rose as Trump withdrew tariff threats, boosting investor sentiment.
* Gold hit a record high near $5,000 an ounce amid geopolitical risks

Sensex and Nifty are set for a positive start on January 23, supported by gains in GIFT Nifty and upbeat global cues. Asian and US equities rose after Trump withdrew tariff threats. Gold hit a record high, oil prices climbed, and Asian currencies strengthened.

shorts/business/first-tick-top-global-cues-to-watch-in-today-s-trade-85

Indian benchmark indices Sensex and Nifty are likely to see a positive start on January 23, supported by positive cues from GIFT Nifty, which was trading higher at around 25,386.50.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

After three consecutive days of decline, Indian equity indices witnessed a strong bounce back on January 22, supported by positive global cues after US President Donald Trump withdrew his tariff threat against European partners.

At close, the Sensex was up 397.74 points or 0.49 percent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Gains)

The GIFT Nifty is trading firm at around 25,386.50, indicating a positive opening for the day.

Asian Equities (Up)

Asian equities followed Wall Street higher on Friday after upbeat US economic data and easing geopolitical tensions buoyed investor sentiment.



US Equities (Rise)

Wall Street's main indexes finished higher on Thursday, the second straight day of gains, as investors ​bought shares after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience.

The Dow Jones Industrial Average rose 306.78 points, or 0.63%, to 49,384.01, and the S&amp;amp;P 500 advanced 37.73 points, or 0.55%, to 6,913.35. The Nasdaq Composite gained ⁠211.20 points, or 0.91%, to 23,436.02.



US Bond Yield (Up)

Yields on the 10-year and 2-year US Treasuries were trading with little change in the early trade on Friday.



Dollar Index (Down)

The dollar slid, extending this week’s decline to the steepest since June, after President Donald Trump softened its rhetoric on acquiring Greenland, easing global market jitters.



Asian Currencies (Gain)

Asian Currencies were trading mostly higher in the early trade on Friday with Malaysia Ringgit leading the gainers followed by Indonesian Rupiah, South Korean Won, Taiwan Dollar.



Crude (Up)

Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies.



Gold (Up)

Gold rose to a record high near $5,000 an ounce, as geopolitical risk and threats to the Federal Reserve’s independence added support to a rally fueled by a retreat from currencies and bonds.



Fund Flow Action

On January 22, Foreign institutional investors (FIIs) sold equities worth around Rs 2549 crore, while domestic institutional investors (DIIs) bought shares worth approximately Rs 4222 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

FII flows may remain subdued until earnings growth catches up with valuations, Union Budget unlikely to show a significant increase in capital expenditure, Job creation likely to remain a key priority in Budget

* FII flows may remain subdued until earnings growth catches up with valuations
* Union Budget unlikely to show a significant increase in capital expenditure
* Job creation likely to remain a key priority in Budget

shorts/business/daily-voice-fiis-won-t-return-till-earnings-catch-valuations-budget-capex-jump-unlikely-says-kotak-life-cio

* FII flows may remain subdued until earnings growth catches up with valuations
* Union Budget unlikely to show a significant increase in capital expenditure
* Job creation likely to remain a key priority in Budget

In the short term, FIIs are likely to remain cautious, said Radhavi Deshpande, Chief Investment Officer at Kotak Mahindra Life Insurance, in an interview with Moneycontrol. “India continues to be a strong structural growth story, but foreign investors are highly valuation-sensitive.”

According to her, FII participation will improve meaningfully only when domestic earnings growth begins to catch up with elevated market valuations. Until that visibility strengthens, FII flows may remain subdued despite India’s long-term economic appeal.

Meanwhile, she believes the Union Budget is unlikely to show a significant increase in capital expenditure, with capex growth expected to broadly track nominal GDP growth.

In the Union Budget, do you expect the government to focus on measures that could attract more foreign investment into India?

Attracting foreign capital will remain a key priority, supported by policy continuity, capital market reforms and improvements in the ease of doing business. These steps help sustain investor confidence, but meaningful foreign inflows will return only when valuations are more reasonable and earnings growth strengthens.

While policy support provides an essential foundation, sustained foreign investment ultimately depends on consistent and stable earnings. In the current environment, steady reforms combined with clearer earnings visibility will be crucial for reviving foreign investor participation.

Do you think there will not be a major increase in government capital expenditure in the Budget?

The Budget is unlikely to show a major jump in capital expenditure, with capex growth expected to track nominal GDP growth broadly. Having already front- loaded infrastructure spending in recent years, the government now appears focused on sustaining momentum while maintaining fiscal credibility.

Some incremental capex increases are likely, but the key will be how effectively this translates into private sector investment. Markets will watch for clearer signs that government-led spending is supporting stronger corporate earnings and a broader investment cycle.

Do you expect the government to target a significant push toward job creation in the Budget?

Yes, job creation is likely to remain a key priority. Durable income growth is essential for sustained consumption, making the quality and stability of jobs crucial for any economy.

The government is expected to continue focusing on employment generation, particularly through infrastructure expansion, manufacturing initiatives, and targeted welfare schemes that enhance employability. These measures can support long term economic resilience while ensuring broader participation in growth.

Are you concerned about equity markets this year given the persistent global headwinds, even though domestic fundamentals remain strong and healthy?

There is certainly a case for caution in today’s markets. Domestic fundamentals remain resilient, but equity valuations are hovering around long term averages. With persistent global uncertainty, tight financial conditions, and an earnings recovery that is still uneven, the risk reward profile is gradually improving—but selectively.

Some segments of the market continue to trade ahead of fundamentals, so a balanced and disciplined approach remains essential in navigating the year ahead.

Have the earnings announced so far and management commentaries met your expectations and increased confidence regarding Q4 numbers?

Earnings so far have been stable but not as strong as markets would have preferred. Management commentary has generally been stable to cautious, indicating that while some sectors may be bottoming out, a broad based earnings acceleration is not yet evident.

Greater visibility on earnings momentum in the coming days will be important for strengthening confidence in Q4 performance. Until then, expectations should remain measured as the recovery is still uneven.

Do you think FIIs are unlikely to favour Indian equities in the short term, given their continued selling?

Yes, in the short term, FIIs are likely to remain cautious. India continues to be a strong structural growth story, but foreign investors are highly valuation sensitive and currently see better risk adjusted opportunities in other markets.

Their participation will meaningfully improve only when domestic earnings growth begins to catch up with elevated market valuations. Until that visibility strengthens, FII flows may stay subdued despite India’s long term economic appeal.

Do you believe Donald Trump poses a bigger concern for markets than other factors?

I wouldn’t say Donald Trump poses a greater concern than other key market factors. While geopolitical developments, including US political shifts, can influence sentiment and add short term volatility, markets tend to react more decisively to changes in global liquidity, interest rate expectations, earnings growth, and valuations. These macro and fundamental drivers ultimately shape sustained market direction, and they are likely to remain far more influential than any single political personality.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: FIIs won’t return till earnings catch valuations; budget capex jump unlikely, says Kotak Life CIO

In the short term, FIIs are likely to remain cautious, said Radhavi Deshpande, Chief Investment Officer at Kotak Mahindra Life Insurance, in an interview with Moneycontrol. “India continues to be a strong structural growth story, but foreign investors are highly valuation-sensitive.”

According to her, FII participation will improve meaningfully only when domestic earnings growth begins to catch up with elevated market valuations. Until that visibility strengthens, FII flows may remain subdued despite India’s long-term economic appeal.

Meanwhile, she believes the Union Budget is unlikely to show a significant increase in capital expenditure, with capex growth expected to broadly track nominal GDP growth.

In the Union Budget, do you expect the government to focus on measures that could attract more foreign investment into India?

Attracting foreign capital will remain a key priority, supported by policy continuity, capital market reforms and improvements in the ease of doing business. These steps help sustain investor confidence, but meaningful foreign inflows will return only when valuations are more reasonable and earnings growth strengthens.

While policy support provides an essential foundation, sustained foreign investment ultimately depends on consistent and stable earnings. In the current environment, steady reforms combined with clearer earnings visibility will be crucial for reviving foreign investor participation.

Do you think there will not be a major increase in government capital expenditure in the Budget?

The Budget is unlikely to show a major jump in capital expenditure, with capex growth expected to track nominal GDP growth broadly. Having already front- loaded infrastructure spending in recent years, the government now appears focused on sustaining momentum while maintaining fiscal credibility.

Some incremental capex increases are likely, but the key will be how effectively this translates into private sector investment. Markets will watch for clearer signs that government-led spending is supporting stronger corporate earnings and a broader investment cycle.

Do you expect the government to target a significant push toward job creation in the Budget?

Yes, job creation is likely to remain a key priority. Durable income growth is essential for sustained consumption, making the quality and stability of jobs crucial for any economy.

The government is expected to continue focusing on employment generation, particularly through infrastructure expansion, manufacturing initiatives, and targeted welfare schemes that enhance employability. These measures can support long term economic resilience while ensuring broader participation in growth.

Are you concerned about equity markets this year given the persistent global headwinds, even though domestic fundamentals remain strong and healthy?

There is certainly a case for caution in today’s markets. Domestic fundamentals remain resilient, but equity valuations are hovering around long term averages. With persistent global uncertainty, tight financial conditions, and an earnings recovery that is still uneven, the risk reward profile is gradually improving—but selectively.

Some segments of the market continue to trade ahead of fundamentals, so a balanced and disciplined approach remains essential in navigating the year ahead.

Have the earnings announced so far and management commentaries met your expectations and increased confidence regarding Q4 numbers?

Earnings so far have been stable but not as strong as markets would have preferred. Management commentary has generally been stable to cautious, indicating that while some sectors may be bottoming out, a broad based earnings acceleration is not yet evident.

Greater visibility on earnings momentum in the coming days will be important for strengthening confidence in Q4 performance. Until then, expectations should remain measured as the recovery is still uneven.

Do you think FIIs are unlikely to favour Indian equities in the short term, given their continued selling?

Yes, in the short term, FIIs are likely to remain cautious. India continues to be a strong structural growth story, but foreign investors are highly valuation sensitive and currently see better risk adjusted opportunities in other markets.

Their participation will meaningfully improve only when domestic earnings growth begins to catch up with elevated market valuations. Until that visibility strengthens, FII flows may stay subdued despite India’s long term economic appeal.

Do you believe Donald Trump poses a bigger concern for markets than other factors?

I wouldn’t say Donald Trump poses a greater concern than other key market factors. While geopolitical developments, including US political shifts, can influence sentiment and add short term volatility, markets tend to react more decisively to changes in global liquidity, interest rate expectations, earnings growth, and valuations. These macro and fundamental drivers ultimately shape sustained market direction, and they are likely to remain far more influential than any single political personality.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sensex Today | Stock Market LIVE Updates: Among sectors, consumer durables and metal up 0.5% each, while media, realty, power down 1-2%. BSE Midcap index down 0.6% and smallcap index sheds 1%. Asian Paints, Dr Reddy's Labs, HUL, TCS, Hindalco are among major gainers on the Nifty, while losers are Eternal, Interglobe Aviation, Jio Financial, Power Grid Corp and Axis Bank.

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Stock Market LIVE Updates: Nifty below 25,150, Sensex down 510 pts; IndiGo, Adani Enterprises, Eternal top losers

Live Blog

Sensex Today | Stock Market LIVE Updates: Among sectors, consumer durables and metal up 0.5% each, while media, realty, power down 1-2%. BSE Midcap index down 0.6% and smallcap index sheds 1%. Asian Paints, Dr Reddy's Labs, HUL, TCS, Hindalco are among major gainers on the Nifty, while losers are Eternal, Interglobe Aviation, Jio Financial, Power Grid Corp and Axis Bank.

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11 out of 18 years BSE PSU has given negative returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	20,891.32	20,995.47	21,161.55	20,725.24	20,621.09	20,455.01	20,350.86
Fibonacci	20,828.47	20,892.25	20,995.47	20,725.24	20,622.02	20,558.24	20,455.01
Camarilla	20,811.93	20,836.70	20,861.47	20,725.24	20,762.39	20,737.62	20,712.85

INDEX CONTRIBUTION - BSE PSU

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