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Stock Market Live Updates | Gift Nifty Signals Flat Opening for Indian Market
By Bajaj Broking Team
January 16, 2026
4 mins read
Market News
Synopsis:
Today’s share market’s key developments include: BHEL has started supplying traction transformers for Vande Bharat sleeper trains, while PaceDigitek secured a ₹375 crore solar EPC order. Dr Reddy’s launched Pataday’s first generic in the US as FIIs sold heavily and DIIs remained net buyers.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot likely to trade in the range of 25,500-25,900.
INDIA VIX: 11.32 | -0.17 (1.50%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
The yield on the benchmark U.S. 10-year Treasury note gained, trading near 4.166%.
Currency:
The dollar index, which measures the strength of the dollar against a basket of currencies, is at 99.35.
Commodities:
Spot gold is at $4,607.59/oz.
Brent crude oil futures hovered around $63.8 per barrel, whereas WTI crude oil is at $59.35.
Asian Markets
General Trends:
Asian stocks are set for their longest weekly winning streak since May, driven by a regional technology index hitting record highs on strong investor interest in artificial intelligence.
Sector-Specific Indicators:
Regional stocks were mixed on Friday, with gains in South Korea—seen as a leader in artificial intelligence—while Japanese markets declined.
Japan’s Nikkei fell 0.4% below 54,000 and the Topix lost 0.2% to 3,660 ahead of next week’s BOJ policy cues.
India Market Outlook
Market in the Previous Session:
Indian benchmark indices on 14th Jan ended the session with marginal losses amid heightened volatility. The market witnessed selling pressure in the second half of the day, largely driven by continued FII outflows and uncertainty surrounding the US trade deal, which kept investor sentiment cautious.
The Sensex declined 244.98 points (-0.29%) to close at 83,382.71, while the Nifty slipped 66.70 points (-0.26%) to settle at 25,665.60.
On the sectoral front, most sectors remained under pressure. Nifty IT, Realty, and Auto stocks emerged as the key laggards, while select strength was visible in Nifty Metal and PSU Bank stocks, resulting in an overall mixed sectoral bias.
In contrast, the broader market outperformed the benchmarks, indicating selective buying interest. The Nifty Midcap index advanced 0.29%, while the Nifty Small-cap index gained 0.67%, both ending the session on a positive note despite the weak undertone in frontline indices.
TRADE SETUP FOR JAN 16
Nifty Short-Term Outlook:
The index remained highly volatile on Wednesday, moving between gains and losses during the session. It formed a high-wave candle that stayed mostly within the previous day’s range, indicating consolidation and stock-specific movements.
Nifty is currently trading near its 100-day EMA. Monday’s low of 25,473 will act as immediate support, while the 25,950–26,050 zone is a key resistance area.
Overall, during the shortened trading week, Nifty is expected to trade in a 25,500–26,000 range. A clear move above or below this range will decide the next market direction.
Intraday Levels:
Nifty: Intraday resistance is at 25,820, followed by 25,910 levels. Conversely, downside support is located at 25,640, followed by 25,550.
Bank Nifty: Intraday resistance is positioned at 59,770, followed by 59,950, while downside support is found at 59,310, followed by 58,050.
Derivative Market Analysis
Nifty:
Nifty synthetic futures are quoting at 25,684.
Highest Call OI stands at 26,000 while highest Put OI is at 24,500.
Call writers remained dominant above 25,700, with the strongest build-up at 26,000, keeping upside capped.
Put writers were active below 25,700, with the largest addition at 24,500, indicating deeper supports remain intact.
The structure suggests a range-to-negative tone, with rallies likely facing writing pressure until the index reclaims the near resistance zone.
Key levels: Support at 25,500 | Resistance at 25,800.
Bank Nifty:
Highest Call OI and Put OI both stand at 59,500, confirming it as the pivot strike.
Call writers were active at 60,100 and 60,700, while unwinding at 60,000 indicates some easing of immediate resistance, though supply remains overhead.
Put writers stayed active between 59,100–60,000, providing support on dips but without aggressive build-up.
Overall options activity remained muted, pointing to range compression and lack of conviction.
Key levels: Support at 59,500 | Resistance at 60,000.
US Share Market News
Performance Overview:
On Wall Street, stocks gave up some gains late Thursday but still closed higher, with major indices ending in positive territory after recovering from losses in the previous two sessions.
Sector-specific indicator:
The Dow advanced 292.81 points or 0.6 percent to 49,442.44, the Nasdaq climbed 58.27 points or 0.3 percent to 23,530.02 and the S&P 500 rose 17.87 points or 0.3 percent to 6,944.47.
Economic indicator:
Optimism was also supported by a Labor Department report showing an unexpected drop in first-time U.S. jobless claims for the week ended January 10.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Published Date :
16 Jan 2026
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