Global Market Cues

• Wall Street indices ended higher on Thursday, Jan 22, 2026, marking a second consecutive day of gains after US President Donald Trump rescinded tariff threats against European allies.
• The S&P 500 rose 0.5% to close at 6,913.35, while the Nasdaq Composite climbed 0.9% to 23,436.02. The Dow Jones Industrial Average added 0.6% to finish at 49,384.01.
• Asian markets are trading mostly in the green on Friday morning, tracking the positive momentum from the US and reacting to a softer US dollar.
• Crude oil prices saw a slight decline, with Brent crude trading near $64.40 per barrel, while Gold prices hovered around $4,900/oz as safe-haven demand eased slightly following the "Greenland" deal framework.

GIFT Nifty and Domestic Cues

• GIFT Nifty is currently trading around 25,400, indicating a positive start of approximately 80-100 points for the Nifty 50 compared to its previous close of 25,289.90.
• On Thursday, Indian benchmark indices snapped a three-day losing streak, with the Nifty 50 gaining 0.53% and the Sensex rising 0.49% to 82,307.37.
• Institutional activity remains polarized: Foreign Institutional Investors (FIIs) were net sellers of ₹2,549.80 crore, while Domestic Institutional Investors (DIIs) remained strong buyers with a net purchase of ₹4,223 crore.
• Technical analysts point out that the Nifty is defending its 200-day moving average (DMA) near 25,100, though 25,400-25,600 remains a significant resistance zone.

Key Stocks in Focus

• InterGlobe Aviation (IndiGo): The airline reported a sharp 77.6% YoY decline in net profit to ₹549.1 crore for Q3, significantly below market expectations due to operational disruptions.
• Bandhan Bank: Post-earnings reaction is expected after the bank reported a 51.8% YoY drop in net profit to ₹205.6 crore, with NII falling 4.5%.
• DLF: The real estate giant posted a robust 13.7% YoY growth in net profit to ₹1,203.4 crore, supported by a 32.2% jump in revenue.
• NTPC Green Energy: The company is in focus after signing a Memorandum of Understanding (MoU) with the Uttar Pradesh government for large-scale green energy projects.
• ONGC: Completed a strategic equity investment in joint ventures with Mitsui OSK Lines to strengthen its logistics and shipping capabilities.
• IndusInd Bank: Shares will be closely watched as the market reacts to its latest quarterly earnings and business updates.

Key Events to Watch Today

• Q3 Earnings Reactions: The market will digest a heavy slate of earnings from Thursday evening, including disappointing numbers from IndiGo and Bandhan Bank.
• FII/DII Flow Trend: Investors will monitor whether DIIs can continue to absorb the persistent selling pressure from foreign funds.
• Geopolitical Updates: Any further clarity on the "Greenland" framework agreement and US-India trade talks mentioned by President Trump at Davos.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update