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

Market Today

• 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

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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

Index	Prices	Change	Change%
Sensex	74,563.92	-1,470.50	-1.93%
Nifty 50	23,151.10	-488.05	-2.06%
Nifty Bank	53,757.85	-1,343.10	-2.44%

Nifty 50 23,151.10 -488.05 (-2.06%)

Fri, Mar 13, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
TATA Cons. Prod	1,083.60	25.80	+2.44%

Biggest Loser	Prices	Change	Change%
Larsen	3,439.00	-280.50	-7.54%

Best Sector	Prices	Change	Change%
Nifty FMCG	47924.15	-265.00	-0.55%

Worst Sector	Prices	Change	Change%
Nifty Metal	11292.50	-571.40	-4.82%

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.

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