Foreign institutional investors (FIIs) extended their selling streak for the 10th consecutive session on January 19, offloading equities worth approximately Rs 3,262 crore, while domestic institutional investors (DIIs) remained net buyers with purchases of around Rs 4,234 crore.
Tariffs are a sentiment overhang and a short-term headache for markets, but they don’t materially alter the underlying fundamentals of the Indian economy or its long-term earnings trajectory, said Puneet Sharma.
“Index returns have been so-so, portfolio returns not even so-so,” Prasad said in Kotak Institutional Equities’ latest report which analysed both direct equity holdings and investments through mutual funds and portfolio management schemes.
Over the past one month, aluminium prices rose 6.53 percent to $3,135.25 per tonne, while zinc and lead gained 4.48 percent and 4.30 percent respectively. Copper prices were last seen near $5.87 per lb, with daily gains of 0.70 percent, according to January 19 data.
Support for Nifty 50 is placed at 25,450; below this level, a fall toward 25,300 cannot be ruled out. On the higher side, the index may attempt to claw back above 25,600; above this, 25,700–25,800 are the levels to watch.
The market is expected to consolidate and trade within the previous week’s range. Below are some short-term trading ideas to consider.
Given the Nifty 50 has slipped below all key moving averages (except the 200 DEMA) and momentum indicators are weakening, a bearish to sideways trade may be seen in the next few sessions.
Malabar Gold held 2.89 percent stake in Tribhovandas Bhimji Zaveri as of December 2025.
For the month so far, FII/FPIs have net sold Rs 26,048 crore while DIIs have net bought Rs 34,075 crore.
Weekly options data suggest that the Nifty 50 is expected to trade in the 25,500–25,800 range in the short term.
Apart from renewed US tariff concerns, weak Q3 results by ICICI Bank, Wipro also led to negative market sentiment on January 19
While through recent consolidation, froth has come out in many segments of midcap and smallcap space, but aggregate valuations still remain high, said Varun Lohchab.
The US dollar declined versus all Group-of-10 peers as investors sought the haven yen and Swiss franc after President Donald Trump threatened fresh tariffs on selected European nations.
The market is expected to trade sideways to cautiously, with focus on corporate earnings and management commentary, geopolitical tensions, FII sentiment, key economic data from the US, China and Japan, developments on the India–US trade deal, and President Trump’s speech at the World Economic Forum in Davos.
According to the fund house, links between money supply and inflation, interest rates and recessions, fiscal deficits and bond market stress are no longer behaving as expected, making macro forecasting less dependable.
The Nifty 50 decisively needs to break the 25,600–25,900 range for a directional move going ahead. Until then, it is likely to trade cautiously, with a consolidative bias.
Consolidation with rangebound trading may continue for a few more sessions. Below are some short-term trading ideas to consider.
Until the Nifty 50 decisively breaks the 25,600–25,900 range on either side, consolidation and caution may continue, experts said.
Before joining Quant Money Managers, Jajoo was associated with Mirae Asset Investment Managers (India) Private Limited (MAIMI) as Chief Investment Officer – Fixed Income.
Both private banks and PSU banks are clearly outperforming the benchmark, as reflected by fresh breakouts and rising ratio line on their respective ratio charts versus the Nifty, indicating sustained relative strength, said Sudeep Shah.
Sectors such as banks, metals, autos, and few capital goods are poised to benefit from sustained infrastructure push, uptick in credit growth, and consumption trends, said Karthik S.
The underlying trend of Nifty remains choppy. A sustainable move above 25900 could open further upside for the next week
Sectorally, Nifty Consumer Durables, Realty, Pharma, Healthcare shed 2 percent each, Nifty Auto index slipped 1.75 percent and Nifty Media index down 1 percent during the week.
We expect the fiscal and monetary initiatives to start reflecting in the Q3 earnings and expect Q4 also to exhibit strong earnings growth.