Nifty Pvt Bank

The benchmark equity indices Sensex and Nifty extended their losses on Wednesday, slipping further after a sharp sell-off in the previous session, amid weak global cues and rising geopolitical concerns.

At around 10:45 a.m., the Sensex fell 669.82 points or 0.82 percent to 81,510.65, while the broader Nifty declined to 25,037.45, down 195.05 points or 0.77 percet.

The Nifty and Sensex lost about 1.4 percent and 1.3 percent, respectively, on Tuesday - their steepest single-day percentage drop in more than eight months, and logged their lowest closing levels in more than three months.

<a href="https://www.moneycontrol.com/india/stockpricequote/retail/trent/T04">Trent</a>, Eicher Motors and ICICI Bank were among the key laggards in the Nifty50 pack, declining up to 3 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotorspassengervehicles/TM03">Tata Motors Passenger Vehicles</a> and Power Grid Corporation of India rose up to 1 percent. Market breadth was negative as about 1180 shares advanced, 2325 shares declined and 141 shares unchanged.
<h3>Key factors behind market decline</h3>
1) Rupee at record low: The rupee depreciated 31 paise to an all-time low of 91.28 against the US dollar, dragged down by persistent dollar demand and cautious global sentiment. Forex traders said rising geopolitical uncertainty and sustained foreign capital outflows from domestic equities have kept emerging market currencies under pressure. At the interbank foreign exchange, the rupee opened at 91.05 and weakened further to 91.28 against the greenback, compared to its previous close.

2) Persistent FII selling: Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 2,938.33 crore on Tuesday. This marked the 11th consecutive session of FII selling so far in January. FIIs were net buyers on only one occasion this month — January 2 — when they purchased shares worth Rs 289.80 crore.
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-asian-markets-slip-liveblog-13782376.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Weak global cues: In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng were trading lower. Overnight, US markets ended sharply down. The Nasdaq Composite plunged 2.39 percent, the S&amp;P 500 fell 2.06 percent and the Dow Jones Industrial Average declined 1.76 percent.

"US equity markets closed sharply lower overnight, with the S&amp;P 500 slipping 2 percent and the Nasdaq plunging close to 2.5 percent, marking the worst single-day fall since October. The global sell-off was triggered by renewed trade-war concerns after US President Trump escalated tariff threats on select European nations opposing US control over Greenland," Ponmudi R, CEO of Enrich Money, said.

4) India Vix rises: The India VIX — the volatility index that measures expected market fluctuations — rose about 4 percent to 13.22. A rise in the VIX typically signals higher uncertainty and risk aversion among investors, often leading to reduced exposure to equities.

5) Geopolitical concerns: Geopolitical tensions also continued to weigh on equities. Markets remained on edge amid concerns over global trade disruptions following US President Donald Trump’s statements on acquiring Greenland and reviving tariff actions against the European Union.

"There is risk-off sentiment in global markets now in response to Trump’s Greenland policy, the threatened tariffs on eight European countries and Europe’s hardening anti-Trump stance," said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. He added that global equities have weakened and investors have moved towards safe-haven assets amid uncertainty over how the situation may evolve.
<h3>Technical Analysis</h3>
Anand James, Chief Market Strategist at Geojit Investments Ltd, said the preferred view suggests a continuation of the downtrend in the Nifty, though intermittent pullbacks cannot be ruled out. However, he noted that any recovery attempts are unlikely to sustain unless key resistance levels are decisively crossed.

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.

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Bears tighten grip as Sensex declines 700 pts, Nifty near 25k: 6 key factors behind market fall

The benchmark equity indices Sensex and Nifty extended their losses on Wednesday, slipping further after a sharp sell-off in the previous session, amid weak global cues and rising geopolitical concerns.

At around 10:45 a.m., the Sensex fell 669.82 points or 0.82 percent to 81,510.65, while the broader Nifty declined to 25,037.45, down 195.05 points or 0.77 percet.

The Nifty and Sensex lost about 1.4 percent and 1.3 percent, respectively, on Tuesday - their steepest single-day percentage drop in more than eight months, and logged their lowest closing levels in more than three months.

Trent, Eicher Motors and ICICI Bank were among the key laggards in the Nifty50 pack, declining up to 3 percent, while Tata Motors Passenger Vehicles and Power Grid Corporation of India rose up to 1 percent. Market breadth was negative as about 1180 shares advanced, 2325 shares declined and 141 shares unchanged.
Key factors behind market decline
1) Rupee at record low: The rupee depreciated 31 paise to an all-time low of 91.28 against the US dollar, dragged down by persistent dollar demand and cautious global sentiment. Forex traders said rising geopolitical uncertainty and sustained foreign capital outflows from domestic equities have kept emerging market currencies under pressure. At the interbank foreign exchange, the rupee opened at 91.05 and weakened further to 91.28 against the greenback, compared to its previous close.

2) Persistent FII selling: Foreign institutional investors (FIIs) remained net sellers, offloading equities worth Rs 2,938.33 crore on Tuesday. This marked the 11th consecutive session of FII selling so far in January. FIIs were net buyers on only one occasion this month — January 2 — when they purchased shares worth Rs 289.80 crore.
Stock Market LIVE Updates
3) Weak global cues: In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng were trading lower. Overnight, US markets ended sharply down. The Nasdaq Composite plunged 2.39 percent, the S&amp;amp;P 500 fell 2.06 percent and the Dow Jones Industrial Average declined 1.76 percent.

&quot;US equity markets closed sharply lower overnight, with the S&amp;amp;P 500 slipping 2 percent and the Nasdaq plunging close to 2.5 percent, marking the worst single-day fall since October. The global sell-off was triggered by renewed trade-war concerns after US President Trump escalated tariff threats on select European nations opposing US control over Greenland,&quot; Ponmudi R, CEO of Enrich Money, said.

4) India Vix rises: The India VIX — the volatility index that measures expected market fluctuations — rose about 4 percent to 13.22. A rise in the VIX typically signals higher uncertainty and risk aversion among investors, often leading to reduced exposure to equities.

5) Geopolitical concerns: Geopolitical tensions also continued to weigh on equities. Markets remained on edge amid concerns over global trade disruptions following US President Donald Trump’s statements on acquiring Greenland and reviving tariff actions against the European Union.

&quot;There is risk-off sentiment in global markets now in response to Trump’s Greenland policy, the threatened tariffs on eight European countries and Europe’s hardening anti-Trump stance,&quot; said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. He added that global equities have weakened and investors have moved towards safe-haven assets amid uncertainty over how the situation may evolve.
Technical Analysis
Anand James, Chief Market Strategist at Geojit Investments Ltd, said the preferred view suggests a continuation of the downtrend in the Nifty, though intermittent pullbacks cannot be ruled out. However, he noted that any recovery attempts are unlikely to sustain unless key resistance levels are decisively crossed.

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's 200-DMA hold as India Inc delivers Q3 results? | Opening Bell

Real estate sector may receive maximum support in Union Budget, Real estate sector has the ability to create millions of jobs directly and indirectly, Small caps likely to make a comeback this year

* Real estate sector may receive maximum support in Union Budget
* Real estate sector has the ability to create millions of jobs directly and indirectly
* Small caps likely to make a comeback this year

shorts/business/daily-voice-budget-support-likely-for-realty-small-caps-to-rebound-says-pankaj-pandey

* Real estate sector may receive maximum support in Union Budget
* Real estate sector has the ability to create millions of jobs directly and indirectly
* Small caps likely to make a comeback this year

"Real estate sector may receive the most support owing to its 7-8% GDP contribution, correlation with other allied industries (such as cement, steel, building materials), and being the second largest employer after agriculture," said Pankaj Pandey, the Head of Retail Research at ICICI Direct, in an interview with Moneycontrol.

According to him, affordable housing, which has been under stress, may get relief measures such as expanding the definition of affordable housing in terms of value and unit sizes.

He expects Small Caps to make a comeback this year. "With the small-cap index down ~6% in CY25 and ~13% from its all-time high, odds (86% probability) are in favour of small caps resuming the up move and delivering healthy double-digit returns in CY26," he said.

Which sectors do you expect to receive the most support from the government in the Union Budget 2026?

Real estate sector may receive the most support owing to its 7-8% GDP contribution, correlation with other allied industries (such as cement, steel, building materials), and being the second largest employer after agriculture. Affordable housing, which has been under stress, may get relief measures such as expanding the definition of affordable housing in terms of value and unit sizes.

Other measures such as increasing home loan interest deduction limit, increasing credit access for developers, incentives for first-time buyers, single window clearances, grant of infrastructure status, incentivising GCCs, promoting rental housing, etc.

Do you expect the government to announce concrete measures in the Budget to boost employment, especially as many experts have flagged this as a key risk?

Real estate’s ripple effect on more than 200 other allied industries, such as cement, steel, building materials, services, logistics, etc., has the ability to create millions of jobs directly and indirectly. Thus, measures here could boost employment generation objectives.

Similarly, the Indian Textile sector, employing ~45 million people, is currently reeling under the pressure of high tariffs imposed by the US on Indian textile exports. Any measures could support textile exports, including relief schemes/ tax concessions for setting up new units and permanent removal of 11% cotton import duty to reduce cost pressure, thereby aiding employment objectives.

Do you see the market emerging from the consolidation phase of the past year, or do you expect consolidation to continue due to global factors?

Given the fluid situation across trade tariffs and geopolitical tensions, we do expect the first quarter to witness a consolidation unless these issues witness some stabilisation. However, we expect investors to focus on corporate earnings and macro-economic growth as we move further in CY26.

Do you continue to favour private sector banks over PSU banks, or are you taking a strong, broad-based view on the entire banking sector?

The banking sector is benefiting from benign asset quality trends, structurally lower credit cost, and greater balance-sheet resilience following a multi-year clean-up. Importantly, increasing focus on the RAM (Retail, Agriculture, MSME) segment and improved loan granularity are reducing earnings volatility. Combined with comfortable capital positions and disciplined growth, this shift is supporting more sustainable RoA.

Thus, we continue to remain instrumental in the banking sector, with a slight tilt towards PSU banks and mid-cap private banks.

Are you bullish on the auto and metal sectors for the current year?

Auto and Metals have been the top-performing sectors with Nifty Auto up 21% and Nifty Metals up 36% over the last 1 year. Most of the investable stocks have moved up; hence, the sector is not a blanket buy anymore. However, there are select pockets which we continue to like, such as the Passenger Vehicle domain in autos (backed by longevity of growth) and ferrous players in the Metals (earnings supported by imposition of safeguard duty).

Do you expect a pickup in momentum in mid- and small-cap stocks, given their underperformance relative to benchmark indices?

Yes, we expect Small Caps to make a comeback this year. Interestingly, analysing the data for the last 2 decades, it has been observed that there exists a low probability (14%) of small caps correcting in two consecutive years. Therefore, with small cap index down ~6% in CY25 and ~13% from its all-time high, odds (86% probability) are in favour of small caps resuming the up move and delivering healthy double digit returns in CY26E.

Do you see the possibility of a continuation of the federal funds rate cut cycle in the January meeting?

The Federal delivered its third consecutive 25-basis-point rate cut in December, but the probability of another rate cut in January seems quite low, considering their projection of just 1 rate cut in CY26. The Fed has lifted its expectations of growth for 2026, which, along with the uncertainty regarding the inflation trajectory, will make it difficult for them to cut rates in the coming meeting.

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: Budget support likely for realty; small caps to rebound, says Pankaj Pandey

&quot;Real estate sector may receive the most support owing to its 7-8% GDP contribution, correlation with other allied industries (such as cement, steel, building materials), and being the second largest employer after agriculture,&quot; said Pankaj Pandey, the Head of Retail Research at ICICI Direct, in an interview with Moneycontrol.

According to him, affordable housing, which has been under stress, may get relief measures such as expanding the definition of affordable housing in terms of value and unit sizes.

He expects Small Caps to make a comeback this year. &quot;With the small-cap index down ~6% in CY25 and ~13% from its all-time high, odds (86% probability) are in favour of small caps resuming the up move and delivering healthy double-digit returns in CY26,&quot; he said.

Which sectors do you expect to receive the most support from the government in the Union Budget 2026?

Real estate sector may receive the most support owing to its 7-8% GDP contribution, correlation with other allied industries (such as cement, steel, building materials), and being the second largest employer after agriculture. Affordable housing, which has been under stress, may get relief measures such as expanding the definition of affordable housing in terms of value and unit sizes.

Other measures such as increasing home loan interest deduction limit, increasing credit access for developers, incentives for first-time buyers, single window clearances, grant of infrastructure status, incentivising GCCs, promoting rental housing, etc.

Do you expect the government to announce concrete measures in the Budget to boost employment, especially as many experts have flagged this as a key risk?

Real estate’s ripple effect on more than 200 other allied industries, such as cement, steel, building materials, services, logistics, etc., has the ability to create millions of jobs directly and indirectly. Thus, measures here could boost employment generation objectives.

Similarly, the Indian Textile sector, employing ~45 million people, is currently reeling under the pressure of high tariffs imposed by the US on Indian textile exports. Any measures could support textile exports, including relief schemes/ tax concessions for setting up new units and permanent removal of 11% cotton import duty to reduce cost pressure, thereby aiding employment objectives.

Do you see the market emerging from the consolidation phase of the past year, or do you expect consolidation to continue due to global factors?

Given the fluid situation across trade tariffs and geopolitical tensions, we do expect the first quarter to witness a consolidation unless these issues witness some stabilisation. However, we expect investors to focus on corporate earnings and macro-economic growth as we move further in CY26.

Do you continue to favour private sector banks over PSU banks, or are you taking a strong, broad-based view on the entire banking sector?

The banking sector is benefiting from benign asset quality trends, structurally lower credit cost, and greater balance-sheet resilience following a multi-year clean-up. Importantly, increasing focus on the RAM (Retail, Agriculture, MSME) segment and improved loan granularity are reducing earnings volatility. Combined with comfortable capital positions and disciplined growth, this shift is supporting more sustainable RoA.

Thus, we continue to remain instrumental in the banking sector, with a slight tilt towards PSU banks and mid-cap private banks.

Are you bullish on the auto and metal sectors for the current year?

Auto and Metals have been the top-performing sectors with Nifty Auto up 21% and Nifty Metals up 36% over the last 1 year. Most of the investable stocks have moved up; hence, the sector is not a blanket buy anymore. However, there are select pockets which we continue to like, such as the Passenger Vehicle domain in autos (backed by longevity of growth) and ferrous players in the Metals (earnings supported by imposition of safeguard duty).

Do you expect a pickup in momentum in mid- and small-cap stocks, given their underperformance relative to benchmark indices?

Yes, we expect Small Caps to make a comeback this year. Interestingly, analysing the data for the last 2 decades, it has been observed that there exists a low probability (14%) of small caps correcting in two consecutive years. Therefore, with small cap index down ~6% in CY25 and ~13% from its all-time high, odds (86% probability) are in favour of small caps resuming the up move and delivering healthy double digit returns in CY26E.

Do you see the possibility of a continuation of the federal funds rate cut cycle in the January meeting?

The Federal delivered its third consecutive 25-basis-point rate cut in December, but the probability of another rate cut in January seems quite low, considering their projection of just 1 rate cut in CY26. The Fed has lifted its expectations of growth for 2026, which, along with the uncertainty regarding the inflation trajectory, will make it difficult for them to cut rates in the coming meeting.

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.

Indian benchmark indices, Sensex and Nifty, are likely see a flat to positive start on January 21, with cues coming from GIFT Nifty, which was trading higher at around 25,294.

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

Dalal Street witnessed a sharp sell-off on January 20, with benchmark indices plunging more than 1 percent each, dragging the Nifty below the 25,200 mark, intraday, amid concerns over global trade tensions, mixed quarterly earnings, weak global cues, a falling rupee, broad-based selling, and continued FII outflows.

At close, the Sensex was down 1065.78 points or 1.28 percent at 82,180.47, and the Nifty was down 353 points or 1.38 percent at 25,232.50.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Gains)

The GIFT Nifty is trading higher at around 25,294, indicating a flat to positive start for the day.

Asian Equities (Slip)

Asian stocks retreated on Wednesday, tracking a selloff on Wall Street as the US-Europe trade conflict over Greenland and turmoil in bond markets rattled investors.



US Equities (Down)

All ​three major Wall Street indexes ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns ‌that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility.

All three U.S. equity benchmarks registered their worst one-day performance since October 10, with both the S&amp;amp;P 500 and Nasdaq Composite  slipping below their 50-day moving averages.

The S&amp;amp;P 500 lost 143.15 points, or 2.06%, to ‌end at 6,796.86 points, while the Nasdaq Composite gave up 561.07 points, or 2.39%, to 22,954.32. The Dow Jones Industrial ​Average fell 870.74 points, or 1.76%, to 48,488.59.



US Bond Yield (Up)

Treasuries joined a selloff in global bonds on Tuesday as escalating trade tensions, spurred by proposed US tariffs relating to Greenland, undermined demand for American assets.

The yield curve bear steepened as cash trading resumed following a US holiday, with 10- and 30-year yields both climbing three basis points in early Asia trading.



Dollar Index (Down)

The dollar fell as President Donald Trump continues pushing with his plan on Greenland, sparking risks of a bigger trade rift with Europe.



Asian Currencies (Up)

Asian Currencies were trading mostly higher in the early trade on Wednesday, with the Thai Baht leading the gainers, followed by Philippines Peso, the South Korean Won, Japanese Won.



Crude (Slips)

West Texas Intermediate crude oil prices fell on Wednesday as pressure from geopolitical tensions and an expected build-up in U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan.



Gold (Rises)

Gold rose to a record high and silver was near an all-time peak as the worsening crisis over Greenland and a meltdown in Japanese government debt supported haven demand.



Fund Flow Action

Foreign institutional investors (FIIs) continued their selling on January 20, offloading equities worth around Rs 2,938 crore, while domestic institutional investors (DIIs) bought shares worth approximately Rs 3,665 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

Sensex Today | Stock Market LIVE Updates: Among sectors, pharma index rises 0.5%, while IT, realty, consumer durables, media index down 0.5-1%. Eternal, Hindalco, Interglobe Aviation, JSW Steel, Sun Pharma are among major gainers on the Nifty, while losers are ICICI Bank, Infosys, HCL Technologies, Bharat Electronics, Apollo Hospitals. BSE Midcap index down 0.7%, and smallcap index down 0.4%.

Stock Market LIVE Updates: Nifty near 25,000, Sensex tanks 730 pts; IT, media, realty top drags

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5 out of 10 years Nifty Pvt Bank has given negative returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	28,607.08	28,809.02	28,938.18	28,477.92	28,275.98	28,146.82	27,944.88
Fibonacci	28,604.40	28,682.54	28,809.02	28,477.92	28,351.44	28,273.30	28,146.82
Camarilla	28,435.50	28,465.85	28,496.20	28,477.92	28,374.80	28,344.45	28,314.10

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