NIFTY Media

Monthly options data suggests the 25,000-26,000 range for Nifty 50 in short term, Experts feel the relief rally unstainable given VIX at elevated levels, Nifty may face an immediate hurdle at 25,500–25,600, Immediate support seen at 200-day EMA, followed by 24,900

* Monthly options data suggests the 25,000-26,000 range for Nifty 50 in short term
* Experts feel the relief rally unstainable given VIX at elevated levels
* Nifty may face an immediate hurdle at 25,500–25,600
* Immediate support seen at 200-day EMA, followed by 24,900

shorts/business/technical-view-relief-rally-lifts-nifty-near-25-300-bears-still-dominant-as-vix-stays-high-bank-nifty-holds-trendline-support-for-another-session

* Monthly options data suggests the 25,000-26,000 range for Nifty 50 in short term
* Experts feel the relief rally unstainable given VIX at elevated levels
* Nifty may face an immediate hurdle at 25,500–25,600
* Immediate support seen at 200-day EMA, followed by 24,900

The Nifty 50 witnessed a relief rally after a three-day losing streak, bouncing back above the 200 DEMA (25,164) and closing near 25,300 with gains of half a percent on January 22. However, experts raised doubts over the sustainability of this uptrend given the prevailing strong bearish sentiment. The India VIX, the fear index, remained at elevated levels, though it declined 3.12 percent to 13.35 after a five-day uptrend, signalling caution for bulls.

The index may face an immediate hurdle at 25,500–25,600, while immediate support is placed at the 200-day EMA, followed by 24,900 as a crucial support level, experts said.

The Nifty 50 opened above 25,300 and climbed to 25,436 in the morning but could not sustain these levels, although it maintained a positive bias throughout the session. The index turned range-bound after the initial hour of the rally and closed at 25,290, up 132 points (0.53 percent), with above-average volumes. It formed a small red candle with upper and lower shadows, resembling a high-wave kind of candlestick pattern on the daily timeframe, indicating volatility and indecision among market participants.

The formation of high-wave type candles in the last two sessions signals heightened volatility in the market. The index continues to remain well below the 20-, 50- and 100-day EMAs, with the 20- and 50-day EMAs trending downward. Meanwhile, the RSI inched higher to 33.82 but remained below the signal line. The MACD also maintained a bearish crossover, with weakness fading slightly in the histogram. The Stochastic RSI showed a bullish crossover in the oversold zone. All this indicates a short-term pullback within a broader weak trend.

According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the overall near-term trend of the market remains weak, but a short-term bounce is unfolding.

“A sustainable up move above 25,500 could confirm a near-term bottom reversal pattern for the Nifty. On the other side, any weakness from here could drag the Nifty down to the recent swing lows of around 24,900–25,000 levels in the near term,” he said.

The monthly options data suggested that the Nifty 50 is expected to trade in a broader range of 25,000–26,000 levels.

The maximum Call open interest was placed at the 26,000 strike, followed by the 25,500 and 25,800 strikes. The maximum Call writing was seen at the 25,400, 25,800 and 25,600 strikes. Meanwhile, the 25,000 strike held the maximum Put open interest, followed by the 25,200 and 25,300 strikes, with maximum Put writing at the 25,300, 25,200 and 25,000 strikes.

Bank Nifty

The Bank Nifty also rebounded 400 points (0.68 percent) to 59,200 and formed a doji candlestick pattern on the daily charts—indicating indecision among bulls and bears—after bearish candle formations and a correction in the previous three sessions. The index attempted to claw back above short-term moving averages and fell below the 50-day EMA intraday but finished between them.

The momentum indicators remained in sell mode, with the MACD sustaining below the signal line and showing further weakness in the histogram. The RSI rose to 47 but remained below the reference line. All this indicates continued cautious sentiment.

On the hourly chart, the RSI has entered a bullish crossover, indicating short-term recovery attempts. However, the current setup suggests elevated volatility, and the bounce should be treated as a technical pullback rather than a trend reversal after the previous decline, said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, a sustainable bullish view should be considered only if the index reclaims its 20-day SMA and 59,800 on a closing basis. Until then, Bank Nifty is expected to trade in a range of 58,700–59,500.

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.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Technical View: Relief rally lifts Nifty near 25,300; bears still dominant as VIX stays high, Bank Nifty holds trendline support for another session

The Nifty 50 witnessed a relief rally after a three-day losing streak, bouncing back above the 200 DEMA (25,164) and closing near 25,300 with gains of half a percent on January 22. However, experts raised doubts over the sustainability of this uptrend given the prevailing strong bearish sentiment. The India VIX, the fear index, remained at elevated levels, though it declined 3.12 percent to 13.35 after a five-day uptrend, signalling caution for bulls.

The index may face an immediate hurdle at 25,500–25,600, while immediate support is placed at the 200-day EMA, followed by 24,900 as a crucial support level, experts said.

The Nifty 50 opened above 25,300 and climbed to 25,436 in the morning but could not sustain these levels, although it maintained a positive bias throughout the session. The index turned range-bound after the initial hour of the rally and closed at 25,290, up 132 points (0.53 percent), with above-average volumes. It formed a small red candle with upper and lower shadows, resembling a high-wave kind of candlestick pattern on the daily timeframe, indicating volatility and indecision among market participants.

The formation of high-wave type candles in the last two sessions signals heightened volatility in the market. The index continues to remain well below the 20-, 50- and 100-day EMAs, with the 20- and 50-day EMAs trending downward. Meanwhile, the RSI inched higher to 33.82 but remained below the signal line. The MACD also maintained a bearish crossover, with weakness fading slightly in the histogram. The Stochastic RSI showed a bullish crossover in the oversold zone. All this indicates a short-term pullback within a broader weak trend.

According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the overall near-term trend of the market remains weak, but a short-term bounce is unfolding.

“A sustainable up move above 25,500 could confirm a near-term bottom reversal pattern for the Nifty. On the other side, any weakness from here could drag the Nifty down to the recent swing lows of around 24,900–25,000 levels in the near term,” he said.

The monthly options data suggested that the Nifty 50 is expected to trade in a broader range of 25,000–26,000 levels.

The maximum Call open interest was placed at the 26,000 strike, followed by the 25,500 and 25,800 strikes. The maximum Call writing was seen at the 25,400, 25,800 and 25,600 strikes. Meanwhile, the 25,000 strike held the maximum Put open interest, followed by the 25,200 and 25,300 strikes, with maximum Put writing at the 25,300, 25,200 and 25,000 strikes.

Bank Nifty

The Bank Nifty also rebounded 400 points (0.68 percent) to 59,200 and formed a doji candlestick pattern on the daily charts—indicating indecision among bulls and bears—after bearish candle formations and a correction in the previous three sessions. The index attempted to claw back above short-term moving averages and fell below the 50-day EMA intraday but finished between them.

The momentum indicators remained in sell mode, with the MACD sustaining below the signal line and showing further weakness in the histogram. The RSI rose to 47 but remained below the reference line. All this indicates continued cautious sentiment.

On the hourly chart, the RSI has entered a bullish crossover, indicating short-term recovery attempts. However, the current setup suggests elevated volatility, and the bounce should be treated as a technical pullback rather than a trend reversal after the previous decline, said Vatsal Bhuva, Technical Analyst at LKP Securities.

According to him, a sustainable bullish view should be considered only if the index reclaims its 20-day SMA and 59,800 on a closing basis. Until then, Bank Nifty is expected to trade in a range of 58,700–59,500.

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.

Sensex rose 397.74 points, Nifty up 132.40 points after three days of decline, BSE midcap and smallcap indices gained over 1%, outperforming benchmarks, Dr Reddy's, Adani Ports, Tata Steel led gainers; SBI Life, Eternal among losers

* Sensex rose 397.74 points, Nifty up 132.40 points after three days of decline
* BSE midcap and smallcap indices gained over 1%, outperforming benchmarks
* Dr Reddy's, Adani Ports, Tata Steel led gainers; SBI Life, Eternal among losers

Indian equity indices rebounded on January 22 after three days of decline, driven by positive global cues. Sensex rose 397.74 points, Nifty gained 132.40. Midcap and smallcap outperformed; most sectors ended higher except realty, consumer durables.

shorts/business/taking-stock-markets-rebound-after-3-day-slide-as-trade-worries-ease-nifty-ends-near-25-300

* Sensex rose 397.74 points, Nifty up 132.40 points after three days of decline
* BSE midcap and smallcap indices gained over 1%, outperforming benchmarks
* Dr Reddy's, Adani Ports, Tata Steel led gainers; SBI Life, Eternal among losers

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.

The market started on a positive note with the Nifty above 25,300 and extended buying pushed it past 25,400 on intraday basis; however, mid-session profit booking erased all early gains. Renewed buying in the second half helped the indices close in positive territory.

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.

The broader outperformed the benchmarks, with the BSE midcap and smallcap indices added more than 1% each.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/silver-etfs-recover-up-to-15-amid-value-buying-what-should-you-do-13785156.html">Silver ETFs recover up to 15% amid value buying: What should you do?</a>

Dr Reddy's Labs, Bharat Electronics, Adani Ports, Adani Enterprises, Tata Steel were among top gainers on the Nifty, while losers wee SBI Life Insurance, Eternal, Eicher Motors, Titan Company, Max Healthcare.

On the sectoral front, except realty, consumer durables, all other indices ended in the green with FMCG, power, metal, media, PSU Bank, pharma gained 1-2%.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/more-stocks-fall-above-10-in-mid-small-caps-than-nifty-50-index-13784207.html">More stocks fall above 10% in mid-small caps than Nifty 50 index</a>

In stock specifics, Eternal share price shed 2% despite Q3 profit jumps 73%, Dr Reddy's Laboratories shares added 5% after Q3 earnings, Waaree Energies shares rose nearly 10% as Q3 profit jumps 115%, Bank of India shares gained 5% on better earnings, Bajaj Consumer Care shares jumped 20% as profit surged 83%.

Also Read - <a href="https://www.moneycontrol.com/news/business/earnings/fpi-view-relief-rally-aside-india-equities-need-stronger-catalysts-for-sustained-turnaround-13785366.html">FPI View: Relief rally aside, India equities need stronger catalysts for sustained turnaround</a>

More than 260 stocks touched their 52-week lows, including Aditya Birla Lifestyle Brands, Sapphire Foods, Devyani International, Kalyan Jeweller, Siemens Energy, Lodha Developers, Godrej Properties, Jubilant FoodWorks, Tejas Networks, Childrens Medicare, Syngene International, Aditya Birla Fashion, Brigade Enterprises, Concord Biotech, among others. <a href="http://moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for January 23

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing a high volatility at the lows of around 25000 recently, Nifty bounced back decently on Thursday amidst volatility and closed the day higher by 132 points. After opening with an upside gap of 187 points, the market moved up further in the early part of the session. Profit booking has occurred from near the highs of 25400 in the mid part, but the market recovered towards the end.

A small red candle was formed on the daily chart with upper and lower shadow. Technically, this market action indicates a formation of high wave type candle pattern. The formation of high wave type candles in the last two sessions signals heightened volatility in the market. The crucial 200day EMA support has been regained on Thursday and Nifty closed above it.

The overall near-term trend of the market remains weak, but the short-term bounce is unfolding. A sustainable up move above 25500 could confirm near term bottom reversal pattern for the Nifty. On the other side, any weakness from here could drag Nifty down to the recent swing lows of around 24900-25000 levels in the near term.

Rupak De, Senior Technical Analyst at LKP Securities

The index consolidated after a positive start, supported by strong global cues. However, it faced resistance near the 38.20% Fibonacci retracement level, resulting in a decline from the day’s high of 25,435 to 25,168 before closing near the midpoint of the session’s range.

Although the index managed to close above the 200DMA for the second consecutive day, the overall sentiment remains weak, as reflected by the elevated India VIX, which stood at 13.35.

In the short term, the index is likely to remain volatile on Friday. Resistance is placed in the 25,480–25,500 zone, while support is seen around 25,125.

Disclaimer: The views and investment tips expressed by 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.

Taking Stock: Markets rebound after 3-day slide as trade worries ease; Nifty ends near 25,300

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.

The market started on a positive note with the Nifty above 25,300 and extended buying pushed it past 25,400 on intraday basis; however, mid-session profit booking erased all early gains. Renewed buying in the second half helped the indices close in positive territory.

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.

The broader outperformed the benchmarks, with the BSE midcap and smallcap indices added more than 1% each.

Also Read: Silver ETFs recover up to 15% amid value buying: What should you do?

Dr Reddy's Labs, Bharat Electronics, Adani Ports, Adani Enterprises, Tata Steel were among top gainers on the Nifty, while losers wee SBI Life Insurance, Eternal, Eicher Motors, Titan Company, Max Healthcare.

On the sectoral front, except realty, consumer durables, all other indices ended in the green with FMCG, power, metal, media, PSU Bank, pharma gained 1-2%.

Also Read - More stocks fall above 10% in mid-small caps than Nifty 50 index

In stock specifics, Eternal share price shed 2% despite Q3 profit jumps 73%, Dr Reddy's Laboratories shares added 5% after Q3 earnings, Waaree Energies shares rose nearly 10% as Q3 profit jumps 115%, Bank of India shares gained 5% on better earnings, Bajaj Consumer Care shares jumped 20% as profit surged 83%.

Also Read - FPI View: Relief rally aside, India equities need stronger catalysts for sustained turnaround

More than 260 stocks touched their 52-week lows, including Aditya Birla Lifestyle Brands, Sapphire Foods, Devyani International, Kalyan Jeweller, Siemens Energy, Lodha Developers, Godrej Properties, Jubilant FoodWorks, Tejas Networks, Childrens Medicare, Syngene International, Aditya Birla Fashion, Brigade Enterprises, Concord Biotech, among others. Click to View More

Outlook for January 23

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing a high volatility at the lows of around 25000 recently, Nifty bounced back decently on Thursday amidst volatility and closed the day higher by 132 points. After opening with an upside gap of 187 points, the market moved up further in the early part of the session. Profit booking has occurred from near the highs of 25400 in the mid part, but the market recovered towards the end.

A small red candle was formed on the daily chart with upper and lower shadow. Technically, this market action indicates a formation of high wave type candle pattern. The formation of high wave type candles in the last two sessions signals heightened volatility in the market. The crucial 200day EMA support has been regained on Thursday and Nifty closed above it.

The overall near-term trend of the market remains weak, but the short-term bounce is unfolding. A sustainable up move above 25500 could confirm near term bottom reversal pattern for the Nifty. On the other side, any weakness from here could drag Nifty down to the recent swing lows of around 24900-25000 levels in the near term.

Rupak De, Senior Technical Analyst at LKP Securities

The index consolidated after a positive start, supported by strong global cues. However, it faced resistance near the 38.20% Fibonacci retracement level, resulting in a decline from the day’s high of 25,435 to 25,168 before closing near the midpoint of the session’s range.

Although the index managed to close above the 200DMA for the second consecutive day, the overall sentiment remains weak, as reflected by the elevated India VIX, which stood at 13.35.

In the short term, the index is likely to remain volatile on Friday. Resistance is placed in the 25,480–25,500 zone, while support is seen around 25,125.

Disclaimer: The views and investment tips expressed by 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: Nifty cools off from day's high but snaps 3-day losing streak | Closing Bell

Indian markets rose after Trump's positive stance on India and easing trade tensions, Sensex rose 761.50 points, Nifty up 237.65 points; all sectors traded higher, US to refrain from imposing tariffs on Europe, easing fears of a trade war

* Indian markets rose after Trump's positive stance on India and easing trade tensions
* Sensex rose 761.50 points, Nifty up 237.65 points; all sectors traded higher
* US to refrain from imposing tariffs on Europe, easing fears of a trade war

Indian equity markets rebounded sharply after US President Trump softened his stance on Greenland, eased EU trade war fears, and expressed optimism on India-US trade talks. Sensex and Nifty surged, but analysts warn overall sentiment remains fragile.

shorts/business/trumps-good-deal-receding-geo-political-tensions-trigger-nifty-sensex-turnaround

* Indian markets rose after Trump's positive stance on India and easing trade tensions
* Sensex rose 761.50 points, Nifty up 237.65 points; all sectors traded higher
* US to refrain from imposing tariffs on Europe, easing fears of a trade war

After three consecutive sessions of losses, the Indian equity markets staged a sharp rebound rally in trade on Thursday, January 22, as U.S. President Donald Trump's softening stance on Greenland, a trade war with the E.U, and his optimism on India supported local sentiment.

<a href="https://www.moneycontrol.com/news/india/we-re-going-to-have-a-good-deal-donald-trump-to-moneycontrol-13784244.html">In an exclusive conversation with Moneycontrol yesterday</a>, following his address at the 56th Annual Summit of the World Economic Forum, Trump struck an optimistic tone on India-U.S. trade negotiations. “I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine. We are going to have a good deal,” the US President said.

Additionally, the U.S. President moderated his views on annexing Greenland, suggesting that he would not acquire the territory through force. Instead, he agreed to a "framework of a future deal." He also walked back his decision to impose tariffs on the E.U., thus alleviating concerns of a trade war between the European bloc and America.

"Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st," he wrote on Truth Social.

The markets celebrated this development sharply. At 10 a.m., the Sensex was up 761.50 points or 0.93 percent at 82,671.13, and the Nifty was up 237.65 points or 0.94 percent at 25,395.15. All sectors traded in a sea of green, rallying between 1-2 percent, while the broader markets outperformed.

According to VK Vijayakumar, Chief Investment Strategist, Geojit Investments, the gains came following another TACO case (Trump Always Chickens Out).

"More importantly, the message that the US would “refrain from imposing tariffs on Europe” takes away the threat of a US - Europe trade war which was dragging the markets down," said Vijayakumar. "The consequent relief rally in the market today can be significant since there are about 2 lakh short contracts in the market and the market construct is right for short-covering."

However, certain analysts did caution that the "overall sentiment remains fragile amid persistent foreign fund outflows, currency weakness, and subdued risk appetite."

Global markets also staged a sharp rally overnight. The U.S. markets ended sharply higher, with the Dow Jones Industrial Average jumping 588.64 points, or 1.21 percent, to close at 49,007.23. The S&amp;P 500 rose 1.16 percent to 6,875.62, while the Nasdaq Composite gained 1.18 percent to finish at 23,224.82.

Analysts and market experts will also be watching the ongoing earnings season for further cues. As most experts consider current market valuations on the lofty side, markets are hoping for positive earnings growth to justify the premium multiples.

However, in a note, international financial services firm UBS said, "We remain underweight on India despite a stark underperformance compared to EM in 2025; on current weak nominal GDP growth trend, 2) MSCI India's fundamentals tracking weaker than the rest of EM, and a lack of clear AI beneficiaries in the listed space. Valuation premiums are still higher than usual."

A ray of hope emerges from the upcoming FTA (free-trade agreement) between EU and India. Indian equity markets are likely to view the much anticipated India–European Union free trade agreement (FTA) as a positive sentiment trigger rather than a structural game-changer, with select sectoral opportunities across textiles, services, manufacturing, aviation and pharmaceuticals, experts suggest.

Watch U.S. President Donald Trump's exclusive byte to Moneycontrol here:

<iframe title="YouTube video player" src="https://www.youtube.com/embed/CWCAekOZF6M?si=Lsc4cYxwBI6f9dgO" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe>

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.

Trump’s ‘good deal’, receding geo-political tensions trigger Nifty, Sensex turnaround

After three consecutive sessions of losses, the Indian equity markets staged a sharp rebound rally in trade on Thursday, January 22, as U.S. President Donald Trump's softening stance on Greenland, a trade war with the E.U, and his optimism on India supported local sentiment.

In an exclusive conversation with Moneycontrol yesterday, following his address at the 56th Annual Summit of the World Economic Forum, Trump struck an optimistic tone on India-U.S. trade negotiations. “I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine. We are going to have a good deal,” the US President said.

Additionally, the U.S. President moderated his views on annexing Greenland, suggesting that he would not acquire the territory through force. Instead, he agreed to a &quot;framework of a future deal.&quot; He also walked back his decision to impose tariffs on the E.U., thus alleviating concerns of a trade war between the European bloc and America.

&quot;Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st,&quot; he wrote on Truth Social.

The markets celebrated this development sharply. At 10 a.m., the Sensex was up 761.50 points or 0.93 percent at 82,671.13, and the Nifty was up 237.65 points or 0.94 percent at 25,395.15. All sectors traded in a sea of green, rallying between 1-2 percent, while the broader markets outperformed.

According to VK Vijayakumar, Chief Investment Strategist, Geojit Investments, the gains came following another TACO case (Trump Always Chickens Out).

&quot;More importantly, the message that the US would “refrain from imposing tariffs on Europe” takes away the threat of a US - Europe trade war which was dragging the markets down,&quot; said Vijayakumar. &quot;The consequent relief rally in the market today can be significant since there are about 2 lakh short contracts in the market and the market construct is right for short-covering.&quot;

However, certain analysts did caution that the &quot;overall sentiment remains fragile amid persistent foreign fund outflows, currency weakness, and subdued risk appetite.&quot;

Global markets also staged a sharp rally overnight. The U.S. markets ended sharply higher, with the Dow Jones Industrial Average jumping 588.64 points, or 1.21 percent, to close at 49,007.23. The S&amp;amp;P 500 rose 1.16 percent to 6,875.62, while the Nasdaq Composite gained 1.18 percent to finish at 23,224.82.

Analysts and market experts will also be watching the ongoing earnings season for further cues. As most experts consider current market valuations on the lofty side, markets are hoping for positive earnings growth to justify the premium multiples.

However, in a note, international financial services firm UBS said, &quot;We remain underweight on India despite a stark underperformance compared to EM in 2025; on current weak nominal GDP growth trend, 2) MSCI India's fundamentals tracking weaker than the rest of EM, and a lack of clear AI beneficiaries in the listed space. Valuation premiums are still higher than usual.&quot;

A ray of hope emerges from the upcoming FTA (free-trade agreement) between EU and India. Indian equity markets are likely to view the much anticipated India–European Union free trade agreement (FTA) as a positive sentiment trigger rather than a structural game-changer, with select sectoral opportunities across textiles, services, manufacturing, aviation and pharmaceuticals, experts suggest.

Watch U.S. President Donald Trump's exclusive byte to Moneycontrol here:



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.

The benchmark equity indices Sensex and Nifty settled higher on Thursday, tracking positive global cues and improved investor sentiment amid easing geopolitical concerns and India-US trade deal hopes.

&nbsp;

The Sensex settled at 82,307.37, up 397.73 points or 0.49 percent, while the broader Nifty was at 25,289.90, up 132.40 points or 0.53 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/drreddyslaboratories/DRL">Dr. Reddy's Laboratories</a>, Coal India and Adani Ports and Special Economic Zone were among the top gainers in the Nifty50 pack, rising up to 5 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/sbilifeinsurancecompany/SLI03">SBI Life Insurance Company</a> and ETERNAL were among the major laggards, declining up to 2 percent. Market breadth was positive as about 2668 shares advanced, 871 shares declined and 153 shares unchanged.
<h3>Key factors behind market rise</h3>
1) Trump's Greenland climbdown: The sentiment improved after US President Donald Trump withdrew his threat to impose tariffs on EU countries over their stance on Greenland. Trump said he had reached the outlines of a framework with NATO on the island’s future and would not go ahead with the tariffs scheduled for February 1. The move helped ease fears of a wider trade conflict gloablly.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said the withdrawal of tariff threats had removed concerns of a potential US-Europe trade war. "The consequent relief rally in the market today can be significant since there are about two lakh short contracts in the market and the market construct is right for short-covering," he said.

2) India-US trade deal hopes: Investor sentiment was also supported by optimism around India-US trade talks. <a href="https://www.moneycontrol.com/news/india/we-re-going-to-have-a-good-deal-donald-trump-to-moneycontrol-13784244.html" target="_blank">In an exclusive comment to Moneycontrol</a>, Trump signalled optimism on India-US trade talks and said "we're going to have a good deal (with India)".
<blockquote class="twitter-tweet">
🚨🚨 Moneycontrol Mega Exclusive | "I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine… We are going to have a good deal."
~ US President Donald Trump tells <a href="https://twitter.com/chandrarsrikant?ref_src=twsrc%5Etfw">@chandrarsrikant</a> on the sidelines of <a href="https://twitter.com/hashtag/Davos2026?src=hash&amp;ref_src=twsrc%5Etfw">#Davos2026</a>, expressing optimism over an… <a href="https://t.co/TWGkOnhnrA">pic.twitter.com/TWGkOnhnrA</a>

— Moneycontrol (@moneycontrolcom) <a href="https://twitter.com/moneycontrolcom/status/2013999826057523535?ref_src=twsrc%5Etfw">January 21, 2026</a></blockquote>
<script src="https://platform.twitter.com/widgets.js" async="" charset="utf-8"></script>

&nbsp;
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-us-asian-markets-gain-2-liveblog-13784544.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Positive global cues: Positive cues from Asian markets further aided the rally. Japan’s Nikkei 225 and South Korea’s Kospi were trading higher, while US markets ended on a firm note overnight on Wednesday.

4) India Vix eases: The India VIX, a gauge of market volatility, fell 1.58 percent to 13.56. A lower VIX typically reflects reduced uncertainty and supports risk-taking in equity markets.

5) Rupee recovers: The rupee also recovered from record low levels, gaining 15 paise to trade at 91.50 against the US dollar in early trade. Forex traders said improved risk appetite, easing global trade concerns and a positive trend in domestic equities supported the domestic currency.

6) Gold, silver ETFs decline: <a href="https://www.moneycontrol.com/news/business/markets/gold-silver-etfs-tumble-up-to-11-after-record-rally-amid-easing-trump-tariff-concerns-what-lies-ahead-13785023.html" target="_blank">Gold and silver exchange traded funds (ETFs)</a> declined sharply as prices of the precious metals fell amid easing tariff concerns. Gold and silver typically move inversely to equities, and the decline in ETFs reflected a shift away from safe-haven assets towards riskier investments such as stocks, lending support to equity markets.

7) Broader markets rebound: Broader markets also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising over 1 percent each amid broad-based buying. The Nifty Smallcap 100 snapped a four-day losing streak, while the Nifty Midcap 100 ended a three-day decline, indicating improved market breadth and participation beyond frontline indices.
<h3>Technical Analysis </h3>
Anand James, Chief Market Strategist at Geojit Investments, said the Nifty had failed to sustain higher levels in the previous session after meeting the 25,300 objective. He noted that while downside risks remained, the formation of a doji near the lower Bollinger band and close to the 200-day simple moving average could allow a phase of consolidation. A decisive move above 25,300, he added, could open the way for levels of 25,470–25,580.

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.

Sensex settles 400 pts higher, Nifty ends near 25,300: Trump's remarks on India-US trade deal among key factors behind market rise

Sensex news today: Sensex settles 400 pts higher, Nifty ends near 25,300: Trump's remarks on India-US trade deal among key factors behind market rise

The benchmark equity indices Sensex and Nifty settled higher on Thursday, tracking positive global cues and improved investor sentiment amid easing geopolitical concerns and India-US trade deal hopes.

&amp;nbsp;

The Sensex settled at 82,307.37, up 397.73 points or 0.49 percent, while the broader Nifty was at 25,289.90, up 132.40 points or 0.53 percent.

Dr. Reddy's Laboratories, Coal India and Adani Ports and Special Economic Zone were among the top gainers in the Nifty50 pack, rising up to 5 percent, while SBI Life Insurance Company and ETERNAL were among the major laggards, declining up to 2 percent. Market breadth was positive as about 2668 shares advanced, 871 shares declined and 153 shares unchanged.
Key factors behind market rise
1) Trump's Greenland climbdown: The sentiment improved after US President Donald Trump withdrew his threat to impose tariffs on EU countries over their stance on Greenland. Trump said he had reached the outlines of a framework with NATO on the island’s future and would not go ahead with the tariffs scheduled for February 1. The move helped ease fears of a wider trade conflict gloablly.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said the withdrawal of tariff threats had removed concerns of a potential US-Europe trade war. &quot;The consequent relief rally in the market today can be significant since there are about two lakh short contracts in the market and the market construct is right for short-covering,&quot; he said.

2) India-US trade deal hopes: Investor sentiment was also supported by optimism around India-US trade talks. In an exclusive comment to Moneycontrol, Trump signalled optimism on India-US trade talks and said &quot;we're going to have a good deal (with India)&quot;.

?? Moneycontrol Mega Exclusive | &quot;I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine… We are going to have a good deal.&quot;
~ US President Donald Trump tells @chandrarsrikant on the sidelines of #Davos2026, expressing optimism over an… pic.twitter.com/TWGkOnhnrA

— Moneycontrol (@moneycontrolcom) January 21, 2026


&amp;nbsp;
Stock Market LIVE Updates
3) Positive global cues: Positive cues from Asian markets further aided the rally. Japan’s Nikkei 225 and South Korea’s Kospi were trading higher, while US markets ended on a firm note overnight on Wednesday.

4) India Vix eases: The India VIX, a gauge of market volatility, fell 1.58 percent to 13.56. A lower VIX typically reflects reduced uncertainty and supports risk-taking in equity markets.

5) Rupee recovers: The rupee also recovered from record low levels, gaining 15 paise to trade at 91.50 against the US dollar in early trade. Forex traders said improved risk appetite, easing global trade concerns and a positive trend in domestic equities supported the domestic currency.

6) Gold, silver ETFs decline: Gold and silver exchange traded funds (ETFs) declined sharply as prices of the precious metals fell amid easing tariff concerns. Gold and silver typically move inversely to equities, and the decline in ETFs reflected a shift away from safe-haven assets towards riskier investments such as stocks, lending support to equity markets.

7) Broader markets rebound: Broader markets also rallied, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising over 1 percent each amid broad-based buying. The Nifty Smallcap 100 snapped a four-day losing streak, while the Nifty Midcap 100 ended a three-day decline, indicating improved market breadth and participation beyond frontline indices.
Technical Analysis 
Anand James, Chief Market Strategist at Geojit Investments, said the Nifty had failed to sustain higher levels in the previous session after meeting the 25,300 objective. He noted that while downside risks remained, the formation of a doji near the lower Bollinger band and close to the 200-day simple moving average could allow a phase of consolidation. A decisive move above 25,300, he added, could open the way for levels of 25,470–25,580.

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.

7 out of 15 years NIFTY MEDIA has given negative returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	1,365.50	1,377.00	1,389.85	1,352.65	1,341.15	1,328.30	1,316.80
Fibonacci	1,361.95	1,367.70	1,377.00	1,352.65	1,343.35	1,337.60	1,328.30
Camarilla	1,356.23	1,358.46	1,360.70	1,352.65	1,351.77	1,349.54	1,347.30

INDEX CONTRIBUTION - NIFTY Media

Net Contribution

MC TechnicalsPRO

Pivot levels

Seasonality analysis

News

Moving Averages
Technical Indicators
Moving Averages Crossovers