Overview
- Benchmarks closed lower on Jan. 13 with the Sensex at 83,627.69 (−0.30%) and the Nifty at 25,732.30 (−0.22%) after a volatile session.
- Foreign investors were net sellers for a seventh session, offloading Rs 1,499.8 crore Tuesday and taking 2026 outflows to Rs 18,585 crore, while DIIs bought Rs 1,181.78 crore.
- President Donald Trump’s announcement of a 25% tariff on countries trading with Iran weighed on sentiment and kept risk appetite subdued ahead of US–India trade talks.
- A soft start to Q3 earnings added pressure, with TCS reporting a 13.91% profit drop and heavyweights including Reliance, L&T, Bharti Airtel, ITC and Trent dragging the indices.
- Options data showed heavy call writing at 26,000 and put writing at 25,700, reinforcing a tight trading range near 25,500–26,000 unless a clear breakout emerges.