Liquide Market Summary 16th January 2026
Equity benchmarks edged higher on January 16, supported by earnings optimism in the IT and PSU Bank sectors. However, concerns over a US trade deal and continued foreign fund outflows kept the markets under pressure.
Indian Stock Market Today: Equity benchmarks edged higher on January 16, supported by earnings optimism in the IT and PSU Bank sectors. However, concerns over a US trade deal and continued foreign fund outflows kept the markets under pressure.
The Nifty made a strong attempt to reclaim the 25,900 level but ultimately failed, closing the session and the week moderately higher at around 25,700. For the week, the Nifty gained 0.04%, while the Sensex slipped by 0.01%.
Broader market indices were mixed, with the BSE Midcap index rising by 0.15%, while the Smallcap index fell by 0.45%. On the sectoral front, the IT, PSU Bank and Private Bank indices gained between 0.5% and 3%, while the Pharma and Consumer Durables indices fell over 1%.
NIFTY: The index opened 30.45 points higher at 25,696.05, reached a high of 25,873.50 and closed at 25,694.35. Nifty formed a Doji-like candlestick pattern on the daily chart, indicating indecision among market participants. Its immediate resistance level is now placed at 25,780 while immediate support is at 25,650.
BANK NIFTY: The index opened 10.20 points higher at 59,590.35, reached a high of 60,235.15 and closed at 60,095.15. Bank Nifty formed a bullish candle with an upper shadow. Its immediate resistance level is now placed at 60,250 while immediate support is around 59,900.
Stocks in News
- Federal Bank: Stock surged 9.5% after the bank reported a 9% increase in its Net Interest Income, reaching ₹2,653 crore. Its Net Profit also rose by 9% year-on-year to ₹1,041 crore.
- Angel One: Stock jumped by 9% following the company’s Q3 results, with Net Profit soaring 27% to ₹268.7 crore, while Gross Revenue grew by 11% sequentially, reaching ₹1,337.7 crore.
- Infosys: Stock rose over 5% after the IT giant raised its FY26 revenue growth forecast to 3%-3.5%, up from 2%-3%. However, Q3 Profit fell by 2% year-on-year to ₹6,654 crore, due to adjustments amounting to ₹1,289 crore.
Other News
- Asian markets were generally positive, driven by tech-heavy markets such as Taiwan and South Korea, while Japan, China and Hong Kong showed mixed to slight weakness.
- European shares paused on Friday, with a pullback in gold prices weighing on mining stocks. This offset the strength in defence sector names and kept broader market movements in check.
- Oil prices edged slightly higher on Friday, with supply risks remaining in focus, despite the reduced likelihood of a U.S. military strike against Iran.
- Gold prices declined on Friday, extending losses from the previous session. Stronger-than-expected U.S. economic data and easing geopolitical tensions in Iran dampened bullion’s bullish momentum.
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