Today’s share market’s key developments include: UPL arm Advanta filed IPO papers with SEBI, while Adani Power’s ₹4,000 crore Vidarbha resolution won NCLAT backing. A 3% Aditya Birla Lifestyle block deal looms as FIIs sold ₹3,262.82 crore and DIIs bought ₹4,234.30 crore in equities yesterday provisional.
10:40 AM IST
Stock Market LIVE Update | Sensex slips over 250 points | Nifty falls below 25,500
Equity benchmarks weakened as the Sensex slipped over 250 points and the Nifty moved below 25,500. Oberoi Realty dropped more than 6% after its Q3 results, leading losses alongside LTIMindtree, Sai Silks, Aditya Birla Fashion and BHEL. Aditya Birla Fashion also fell sharply amid reports of a ₹289 crore block deal. Separately, Indian Overseas Bank plans to raise ₹10 billion via Basel III Tier II bonds. Bajaj Electricals gained strongly after entering the wires segment.
9:20 AM IST
Stock Market LIVE Update | Sensex drops over 200 points | Nifty slips below 25,550
Indian equities opened weaker, with the Sensex slipping over 200 points and the Nifty trading below 25,550, while the rupee eased 1 paisa to 90.91 against the US dollar. Lodha Developers signed an MoU with the government for a ₹1 lakh crore data centre investment. LTIMindtree drew attention after Q3 profit fell 11% due to a one-time ₹590 crore labour charge, though adjusted profit rose 29% on higher revenue. Adani Power gained focus after NCLAT cleared its ₹4,000 crore Vidarbha deal. ACME Solar Holdings remained in focus as its 68 MW Gujarat wind project began operations.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,400-25,750.
INDIA VIX: 11.83 | +0.45 (4.00%) ↑ today
Treasury Yield:
The benchmark US 10-year Treasury yield is placed at around 4.256%.
Currency:
The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower around 99 levels.
Commodities:
Gold and silver prices climbed fresh peaks on Monday, as investors flocked to safe-haven assets on intensifying tensions. Spot gold rose 1.5% to $4,663.37 per ounce. Spot silver advanced 3.3% to $92.93 per ounce.
Oil prices were up slightly on Monday. Brent crude was trading at $64.19 a barrel.
General Trends:
Asia-Pacific markets traded subdued as Japan’s long-dated government bond yields hit new highs, with investors also weighing renewed U.S. tariff threats tied to Greenland.
Sector-Specific Indicators:
Investors are closely watching developments in Japanese markets after Prime Minister Sanae Takaichi said on Monday that she plans to dissolve parliament and call a snap election on Feb. 8.
China’s central bank kept its loan prime rates unchanged on Tuesday. The People’s Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month.
Japan’s Nikkei 225 slid 0.7%, while the Topix declined 0.52%. South Korea’s Kospi fell 0.41%, while the small-cap Kosdaq traded flat.
Market in the Previous Session:
Indian equity benchmark indices ended in red on January 19th, as Nifty fell below 25,600. FII outflows and mixed Q3 earnings are keeping sentiment cautious, with stock-specific volatility.
Global risk sentiment weakened after Trump’s fresh tariff threats on Europe, reviving U.S.–EU trade war fears and driving investors toward safe havens like gold. Most global equities slipped, though China showed resilience on strong macro data and export-led growth.
At close, the Sensex was down 324.17 points or 0.39 percent at 83,246.18, and the Nifty was down 108.85 points or 0.42 percent at 25,585.50.
All sectoral indices closed in the red, except FMCG. Media, Oil & Gas and Realty stocks were the worst performers, declining in the range of 1.5–2%.
In the broader market, the Midcap index fell 0.4%, while the Small-cap index dropped 1%.
Nifty Short-Term Outlook:
The index continues to trade with high volatility amid geopolitical tension. On the daily chart Nifty has formed a bearish candle with a lower high and lower low highlighting corrective bias.
Nifty is currently consolidating near its 100-day exponential moving average (EMA). On Monday’s session index managed to hold above the last week low of 25473, which will act as key immediate support.
On the higher side Monday’s gap down area around 25700 will act as immediate resistance. While key hurdle is placed at 25,900–26,000 area as it coincides with the last week high, 20- and 50-days EMA and the 61.8% Fibonacci retracement of last week’s decline.
Overall Nifty is likely to consolidate in the range of 25,400-26,000 in the coming sessions. A breach below 25,400 will signal extension of the decline towards 25200 levels in the coming weeks.
Intraday Levels:
Nifty: Intraday resistance is at 25,660, followed by 25,750 levels. Conversely, downside support is located at 25,490, followed by 25,400.
Bank Nifty: Intraday resistance is positioned at 60,100, followed by 60,330, while downside support is found at 59,660, followed by 59,500.
Nifty:
Nifty synthetic futures are trading near 25,580, just below a strong call-heavy zone.
Options data continues to define a narrow range, with highest Call OI at 25,800 and highest Put OI at 25,500.
Call writing remains strong above 25,500, especially at 25,600, which is keeping a lid on the upside.
On the downside, put writers are active below 25,600, with 25,500 holding as the nearest support.
At the same time, put positions between 25,650 and 25,900 are being reduced, showing that earlier support levels are shifting lower. This indicates weakening confidence at higher strikes.
Overall, the setup remains range-bound with a slight negative bias, where rallies are likely to face selling pressure unless shorts start covering.
Key levels: Support at 25,500 | Resistance at 25,800.
Bank Nifty:
Bank Nifty continues to trade in a tight range. Options data shows highest Call OI at 60,000 and highest Put OI at 59,500, clearly marking near-term boundaries.
Call writers are active at 60,000 and 60,500, pointing to strong resistance on the upside.
Put writing, however, has been limited, suggesting lack of confidence in holding higher support levels.
The unwinding seen at 59,500 indicates that the earlier support level is weakening.
With no strong put addition coming in, the index remains vulnerable if it slips below this zone. Overall activity suggests low conviction and compressed volatility, with a directional move likely once the range breaks.
Key levels: Support at 59,500 | Resistance at 60,000.
Performance Overview:
US markets were closed on Monday on account of Martin Luther King Jr. Day holiday.
U.S. stock index futures and European Indices fell sharply on Monday after President Donald Trump over the weekend threatened trade tariffs on several major European countries over Greenland.
Sector-specific indicator:
The duties will initially start at 10% from early February, and will increase to 25% if a deal is not achieved by July.
Markets also remained wary of any U.S. military action, especially after Washington’s incursion in Venezuela at the beginning of the year.
Beyond global geopolitical tensions, focus this week will be squarely on more upcoming December quarter earnings.
Economic indicator:
Trump’s tariffs were condemned by European leaders, who also broadly rejected his demands for the Danish territory.
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