Indian Stock Market Today: Nifty and Sensex End Five-Day Losing Streak
Indian equities broke their five-day losing streak to end near day’s high as India-US trade deal hopes and earnings season ignited a sharp rebound. The Nifty had fallen below the 25,000 levels but closed near 25,800.
Nifty and Sensex Performance
Intraday, both Nifty and Sensex fell nearly 0.90% but after it saw a sharp recovery it rose as much as 0.50%. The Nifty January futures were up by 0.36% to 25,880 at a premium of 90 points.
Global Market Updates
Wall Street witnessed a tumultuous session as stocks and bonds rebounded from early losses, but the atmosphere remained cautious due to the Trump administration’s escalated attack on the Federal Reserve. Shares of major financial institutions, including Capital One Financial Corp., American Express Co., and JPMorgan Chase Co., plummeted following President Donald Trump’s call to cap credit card interest rates at 10% for a year.
Asian Market Updates
Asian shares are trading near record highs, driven by optimism over earnings and regional economic growth. Investors are increasingly looking beyond US markets, with the MSCI Asia Pacific Index rising 0.9% for the second consecutive day.
Commodity Updates
Gold steadied after surging on Monday on worries over the Federal Reserve’s independence as the Trump administration threatened the central bank with a criminal indictment. Oil traded near the highest level since early December after US President Donald Trump said he is imposing a 25% tariff on goods from countries “doing business” with Iran after a wave of deadly unrest in the OPEC member.
Corporate Updates
TCS Q3FY26 Results (Cons QoQ) showed revenue up 1.95% at Rs 67087 crore versus Rs 65799 crore. HCL Technologies Q3 FY26 Results (Cons QoQ) showed revenue up 6.04% at Rs 33872 crore versus Rs 31942 crore.
Other News
Other notable news includes Anand Rathi Cons YoY results, Kalpataru Pre-Sales down 14%, and Muthoot Microfin Board Meet on Jan. 20 to consider a fundraise via NCDs.
Nifty Options and Futures
Nifty January futures were up by 0.36% to 25,880 at a premium of 90 points. Nifty Options on Jan 13: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,500.