Broader markets underperformed benchmark indices, with midcap and smallcap stocks witnessing selling pressure. Investors appeared to book profits after the recent rally in select pockets.
Several stocks across sectors saw sharp intraday corrections, indicating caution at elevated valuations. However, buying interest remained intact in fundamentally strong names.
Gold prices traded steady as safe-haven demand continued to support the yellow metal amid global economic uncertainty. Investors remained cautious ahead of key macro data and central bank commentary.
The Indian rupee ended nearly flat against the US dollar as foreign institutional investor outflows offset support from stable domestic equity markets. Firm crude oil prices also weighed on the local currency.
Forex dealers noted that the rupee remained range-bound through the session, with importer demand limiting gains. Global dollar movement continued to influence sentiment in currency markets.
Silver prices edged lower during the session as concerns over industrial demand weighed on sentiment. Global cues from base metals and mixed economic data added to the cautious outlook. Despite short-term weakness, long-term fundamentals for silver remain intact, supported by demand from renewable energy, electronics and electric vehicle segments.
Nifty closed almost flat after oscillating between gains and losses throughout the session, reflecting indecision among investors. Buying interest emerged at lower levels, but higher zones witnessed consistent resistance.
A business forum organised by the Indian Consulate in Seattle brought together industry leaders to highlight investment opportunities across sectors such as artificial intelligence, ag-tech, quantum technology and healthcare.
In recent market activity, several blue-chip companies including Wipro have announced dividends totalling Rs 44 per share, setting a record date of January 27 for shareholder eligibility. Dividend declarations often signal confidence in corporate cash flows and can boost investor sentiment, particularly in sectors with stable earnings.
In the ongoing contest over Warner Bros Discovery’s future, Paramount Skydance has extended its tender offer deadline for shareholders amid an intense proxy battle.
The Government of India is considering a proposal for income tax exemptions for companies that deploy Corporate Social Responsibility (CSR) funds into vocational training programmes, potentially announced in Budget 2026.
Nebius Group has reported a significant boost in business after signing large-scale contracts with major technology firms. In its most recent public disclosures, the company highlighted a $3 billion infrastructure agreement with Meta to provide advanced AI cloud services over the next five years.
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