Overview
- Benchmarks fell about 2.5% for the week, closing at 83,576.24 for the Sensex and 25,683.30 for the Nifty after a broad selloff.
- Analysts expect near-term volatility with Nifty below its 50-day SMA near 26,000, while key levels include support at 25,600 and resistance near 25,750.
- Foreign investors remained net sellers, extending last year’s outflow trend that has pressured Indian equities and the rupee.
- Global risks weighed on confidence, including uncertainty over potential US tariff actions tied to Russia sanctions, a pending Supreme Court ruling on tariff authority, and other geopolitical tensions.
- The week’s calendar features Q3 results from TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, key CPI/WPI and trade data, and the Bharat Coking Coal listing scheduled for Jan. 16.