Overview
- Sensex and Nifty are down over 4% this month after a 2.4%–2.5% weekly drop, with broader indices falling more sharply.
- Foreign portfolio investors have sold about Rs 33,958 crore in January, contributing to a roughly Rs 16 trillion weekly erosion in BSE market value.
- The rupee hovered near 92 per dollar as safe-haven demand lifted gold above $5,000 an ounce and pushed silver to record highs.
- Global risk drivers included President Trump’s tariff threats aimed at Canada and the unresolved Greenland dispute, alongside uncertainty over an India–US trade deal.
- This week brings the Fed’s Jan. 27–28 meeting, where rates are widely expected to be held steady, a heavy slate of US big-tech earnings, and live trading for India’s Feb. 1 Union Budget.