The sharp rebound in Sensex and Nifty today was driven by strong gains on Wall Street, a relief rally across Asian markets and aggressive short-covering after the indices slipped close to key long-term support levels in the previous session.
From Greenland to the Fed, Trump's actions trigger a global "Sell America" panic, forcing Wall Street to confront the cost of political instability.
Sensex, Nifty rebounded amid gains led by PSU banks, services and auto stocks, as markets reacted to signs of reduced geopolitical and trade tensions globally.
Brokerages said Dr Reddy's Laboratories Q3 FY26 earnings beat was driven largely by the domestic and emerging markets portfolio, which helped offset weakness in the US.
Eternal stock jumped over 6 percent in early trade on Thursday, building on Wednesday’s nearly 5 percent gain. Buying momentum is driven by upbeat brokerage commentary following the Q3 FY26 earnings announcement.
The board has approved the capex budget for setting up of 120 MWp Solar Power Park in Maharashtra.
The board will consider and declare a third interim dividend for the financial year 2025-26.
The 200-day moving average has clearly emerged as the line in the sand for the Nifty, with recent price action showing that conviction on rebounds remains weak. Despite recovering nearly 250 points from the day’s lows, selling resurfaced near the 25,300 mark, forcing the index to end close to where it began. The market tone remains cautious, with even reasonably good earnings being punished by the Street. Going ahead, the 25,000 level is critical to defend, as a decisive break below could reopen downside risks toward the 24,600 zone amid heightened volatility and heavy earnings-driven reactions. This morning, global cues were positive. As US President Donald Trump backtracked on tariffs imposed on European nations, Wall Street and even Asian markets cheered the move. Catch Lovisha Darad in conversation with Chandan Taparia, Senior Vice President, Head - Derivatives & Technical Research, Motilal Oswal and Amit Kumar Gupta, Founder, CIO - Fintrekk Capital.
Brokerages shared bullish views on Eternal (Zomato's) Q3 FY26 results, on the back of a strong quick commerce showing and improving profitability metrics. Analysts' optimistic targets reflect growing confidence in execution, particularly at Blinkit.
India’s GDP growth is expected to be healthy in FY27 but the rupee may not reflect it
Bullion fell as much as 1.1% in early trading, pulling back after three days of gains that had taken it to an all-time high above $4,888 an ounce on Wednesday
8th Pay Commission in focus as FM expected to preserve fiscal headroom
The GIFT Nifty is trading higher at around 25,312.50, indicating a gap up opening start for the day
Prosenjit Ganguly expects overall growth trajectory will continue to be well supported & tread a path of above par economic growth irrespective of intermittent shocks
PhonePe IPO | The public issue comprises of entirely an offer-for-sale of 5.06 crore equity shares by existing shareholders including promoter WM Digital Commerce Holdings, with no fresh issue component.
Momentum around the talks has picked up after European Commission President said EU was working to deepen its strategic and economic partnership with India
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, Jio Financial. On the sectoral front, except realty, consumer durables, all other indices ended in the green with FMCG, IT, metal, media, PSU Bank, pharma gained 1-2%. BSE midcap and smallcap indices added 1% each.
ICICI Prudential Asset Management Company had previously announced a temporary discontinuation of subscriptions in ICICI Prudential Midcap Fund and ICICI Prudential Smallcap Fund in March 14, 2024
If the Nifty 50 reclaims and sustains above the 200 DEMA (25,162), an upmove toward the 25,300–25,450 zone is possible. On the downside, 24,900 could act as a support zone.
Markets have tumbled this week after Trump threatened tariffs up to 25 percent on several European countries -- including France, Germany, Britain and Denmark -- in response to their opposition to his plans to take Greenland.
A doji-like pattern formation and oversold RSI signal the possibility of a bounce-back, but the sustainability of the same remains key to watch. Below are some short-term trading ideas to consider.
Stocks to Watch, 22 Jan: Stocks like Dr Reddy's Laboratories, Eternal, Jindal Stainless, Bank of India, Bajaj Consumer Care, Waaree Energies, Anant Raj, PNB Housing Finance, Gravita India, KEI Industries, Lemon Tree Hotels, CESC, Shriram Finance, and Armour Security India will be in focus on January 22.
The formation of indecisive pattern increases the possibility of a trend reversal after the recent fall, though confirmation is needed in the following session. In fact, the overall trend remains in favour of bears, and the VIX reached a seven-month high.
Additionally, The Massachusetts Institute of Technology sold 1.17 crore shares (2.02 percent stake) of Restaurant Brands Asia at an average price of Rs 63.31 per share.
For the year so far, FIIs have been net sellers of shares worth Rs 21,702 crore, while DIIs have net bought shares worth Rs 30,140 crore.
