Overview
- After plunging to 82,861 intraday, the Sensex closed up 302 points at 83,878 as the Nifty finished 107 points higher at 25,790 following an 850-point swing.
- US Ambassador Sergio Gor said India–US trade discussions would resume as early as January 13, lifting sentiment toward a possible deal.
- The rebound ended a roughly 2.5% five‑session decline, though selling by foreign investors persisted, with provisional data showing FPIs sold Rs 3,638 crore Monday and DIIs bought Rs 5,839 crore.
- Investors are focused on near‑term catalysts including Q3 earnings from major IT firms, the December CPI release, and the Union Budget on February 1.
- Technical views highlight Nifty support near 25,600 and resistance around 26,000, with Bank Nifty seen consolidating in the 58,700–60,000 range.