Last Updated on January 22, 2026 7:22 pm by BIZNAMA NEWS
Exporters and pharma led the rally, consumer services lagged, and financials stayed cautious. While Thursday’s rebound lifted sentiment, volatility and foreign outflows continue to shadow the near-term outlook.
AMN / BIZ DESK
Indian equities rebounded on Thursday, buoyed by global optimism after U.S. President Donald Trump withdrew tariff threats against Europe and ruled out aggressive measures over Greenland. The Nifty 50 rose 0.53% to 25,289.90, while the Sensex gained 0.49% to 82,307.37. Fifteen of sixteen sectors advanced, supported by hopes of progress in India–U.S. trade talks.
Sector-Wise
Textiles & Exports
-Trident, Vardhman Textiles, Gokaldas Exports surged as investors priced in potential trade deals with the U.S. and EU.
- Export-oriented firms benefited from renewed optimism, with shrimp exporters Apex Frozen Foods, Coastal Corporation, and Avanti Feeds also rallying.
- The sector’s performance reflected expectations of stronger demand and tariff relief.
Pharmaceuticals
-Dr Reddy’s Laboratories jumped 5.2% after posting a quarterly profit beat, leading gains in healthcare.
- The pharma sector attracted defensive buying amid global uncertainty, reinforcing its role as a safe haven.
Consumer & Services
-Zomato parent Eternal slipped 2.7%, weighed down by intensifying competition in quick-commerce despite strong Q3 earnings.
- Broader consumer services remained mixed, with food delivery and e-commerce facing margin pressures.
Banking & Financials
- Banks and NBFCs logged modest gains, supported by improved sentiment and short-covering.
- Analysts noted foreign outflows continue to weigh, keeping valuations cautious despite domestic demand resilience.
Industrials & Manufacturing
- Industrial counters rose in line with global equities, tracking relief from tariff concerns.
- Manufacturing optimism was tied to expectations of smoother trade flows and stronger export orders.
IT & Technology
- Tech stocks advanced moderately, benefiting from global risk-on sentiment.
- Gains were capped by rupee weakness and cautious outlook on client spending.
Market Technicals
- The Nifty opened at 25,344.15, up 0.74%, before consolidating.
- Resistance was noted near 25,480–25,500, with support around 25,125, according to LKP Securities.
- Elevated India VIX signaled continued volatility despite the rebound.
Outlook
- Broader mid-caps rose 1.3% and small-caps 0.8%, showing risk appetite revival.
- However, benchmarks remain **down 3.3% in January, dragged by foreign selling and uneven earnings.
- Analysts expect markets to track upcoming U.S. GDP, inflation data, and Bank of Japan’s policy for cues.
Exporters and pharma led the rally, consumer services lagged, and financials stayed cautious.** While Thursday’s rebound lifted sentiment, volatility and foreign outflows continue to shadow the near-term outlook.
