Taking Stock: Market snaps 5-day winning run; Sensex down 199 pts, Nifty around 22,050

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The Indian equity markets snapped a five-day winning streak to end on a negative note on January 16, with the Nifty below 22,050 amid profit booking in Information Technology, pharma, realty and power stocks.

At close, the Sensex was down 199.17 points or 0.27 percent at 73,128.77, and the Nifty was down 65.20 points or 0.30 percent at 22,032.30.

Amid weak Asian markets, the Indian indices opened on a negative note and gyrated between gains and losses in the first half, while extended selling in the second half dragged the Nifty index below 22,000. However, it managed to close above 22,000, amid support for metal and oil & gas stocks.

Stocks and sectors

Top losers on the Nifty included Divis Laboratories, HCL Technologies, Wipro, NTPC and SBI Life Insurance, while gainers included BPCL, Tata Steel, Titan Company, ITC and Maruti Suzuki.

Among sectors, metal and oil & gas indices gained nearly 1 percent each, while power, realty, healthcare and Information Technology down 0.5-1.5 percent each.

BSE Midcap and Smallcap indices lost 0.3 percent each.

Aster DM Healthcare, Capri Global, Dredging Corporation, IOC, IRFC, ITI, JM Financial, LIC of India, MOIL, PNB Housing Finance, PNC Infratech, Prataap Snacks, South Indian Bank, Yes Bank, among the BSE stocks touched their 52-week high today. Click here for the full list

Index	Prices	Change	Change%
Sensex	83,216.28	-94.73	-0.11%
Nifty 50	25,492.30	-17.40	-0.07%
Nifty Bank	57,876.80	322.55	+0.56%

Nifty 50 25,492.30 -17.40 (-0.07%)

Fri, Nov 07, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	816.35	23.85	+3.01%

Biggest Loser	Prices	Change	Change%
Bharti Airtel	2,001.20	-93.70	-4.47%

Best Sector	Prices	Change	Change%
Nifty Metal	10426.80	144.90	+1.41%

Worst Sector	Prices	Change	Change%
Nifty Infra	9393.60	-95.20	-1.00%

Outlook for January 17

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:

The Nifty opened on a weak note and witnessed a day of consolidation. It traded in a narrow range and ended the day on a negative note down 65 points. On the daily charts we can observe that the Nifty has faced resistance around the psychological level of 22000. The hourly momentum indicator has triggered a negative crossover indicating loss of momentum on the upside.

Considering the current price and momentum setup we expect Nifty to consolidate within the range 21900 – 22200 from short term perspective. Stock specific action and sector rotation is likely during this period of consolidation. Aggressive longs should be avoided and adherence to strict stoploss levels for the long positions is advised.

Bank Nifty has witnessed a consolidation today which is a brief pause in the overall uptrend. We expect the momentum to continue on the upside over the next few trading sessions. On the upside target 48650 – 49000 from short term perspective.

Ajit Mishra, SVP - Technical Research, Religare Broking:

After the initial positivity, Nifty oscillated in a range and finally settled at 22,028 levels. On the sectoral front, the profit taking in the IT, realty and energy majors were weighing on the sentiment while metal and FMCG showed resilience. The broader indices too inched lower and lost nearly half a percent each.

Indications are in favor of further consolidation in the index and expect Nifty to hold the 21,750-21,900 zone. However, traders should maintain extra caution in stock selection now citing volatility due to earnings. Besides, the current positioning of the midcap and smallcap index is not reflecting the correct picture of deterioration in the broader trend so plan trades accordingly.

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