Overview
- Sensex and Nifty fell about 2.5% for the week, extending losses to a fifth straight session and closing at 83,576 and 25,683, respectively.
- Foreign portfolio investors remained net sellers through the week, with reported outflows near Rs 12,000 crore.
- Heavyweight IT earnings lead the calendar, with TCS, HCL Tech, Infosys, Wipro and Tech Mahindra set to report, alongside Reliance Industries.
- India’s December CPI reading is due Monday post-market; technicians flag Nifty support near 25,600 and resistance around 26,000, and Bank Nifty printed a bearish weekly pattern.
- Global watchpoints include unresolved US tariff questions, US inflation and major bank results, and rising oil on Iran unrest; Bharat Coking Coal’s IPO closes Jan 13 with listing slated for Jan 16.