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Informist, Wednesday, Jan. 21, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen opening flat Wed, to fall more on tariff worries

 

MUMBAI--0840 IST--Domestic benchmark indices are expected to open flat Wednesday after falling sharply in the previous session. Analysts see further fall in the market amid trade tensions between the US and European Union. The ongoing December quarter earnings and the Union Budget for 2026–27 (Apr-Mar), which will be presented on Feb. 1, will be closely watched. Investors are likely to take cues from these two major events, even if geopolitical concerns continue to be an overhang. Dr. Reddy's Laboratories and Eternal will announce their December quarter earnings later in the day. 

 

GIFT Nifty contracts suggest that the Nifty 50 index will be largely be flat on Wednesday. At 0835 IST, the GIFT Nifty's January contract was at 25275.50 points, 43 points higher than the Nifty 50's close of 25232.50 points on Tuesday. The BSE Sensex closed at 82180.47 points on Tuesday, down over 1000 points or 1.3%. The Nifty 50 is expected to find support at 25160 points and face resistance at 25500–25550 points, Nandish Shah, senior derivative analyst at HDFC Securities, said. "The overall trend remains weak," he said.

On the earnings front, Persistent Systems Tuesday posted a 7% sequential fall in its consolidated net profit, but a rise of 18% on year to INR 4.39 billion. The company's consolidated revenue from operations in Oct-Dec rose nearly 6% sequentially and over 23% on year to INR 37.78 billion. Emkay Global Financial Services retained its 'add' recommendation on the company with a target price of INR 6,700, while Nuvama Institutional Equities has a 'buy' call on the stock, with an increase of 10% in its target price at INR 7,700.
 

US indices closed lower Tuesday, with the S&P 500 and the Nasdaq Composite closing over 2% lower. All three major indices closed with their steepest one-day declines in three months, after a broad selloff amid concerns ‌about new tariff threats by Trump against Europe, which could signal renewed market volatility, Reuters reported. Furthermore, the US Supreme Court issued three decisions on Tuesday but did not decide upon the legality of President Donald Trump's global tariff impositions upon its trading partners and others. Asian indices were mixed in early trade with China's CSI 300 index gaining the most, while Japan's Topix fell over 1%, to be the worst hit.  (Arundathi A R)

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Equity Alert: Asian indices dn barring CSI 300, Hang Seng; fears on US-Europe

 

MUMBAI--0819 IST--Most equity indices in Asia were down Wednesday, in line with losses on Wall Street. Investors in the region continue to grapple with tensions between the US and European countries over the former's desire to acquire the mineral-rich island of Greenland, which is an autonomous part of Denmark.

 

US President Donald Trump announced escalating tariffs against eight North Atlantic Treaty Organization members begining at 10% on Feb. 1 and then rising to 25% on Jun. 1 if talks fail to come to an agreement that would allow the US to take over Greenland. The leader of the world's largest economy has also threatened import tariffs of 200% on French wines and champagnes after reports suggested that French President Emmanuel Macron was unwilling to join his 'Board of Peace' for Gaza. The tensions were fanned further after the US president called the UK's plans to hand over sovereignty of the Chagos Islands, home to a UK-US military base, an "act of great stupidity" and used the move to justify his plans to take over Greenland. 

 

China's Vice Premier He Lifeng used his address at the World Economic Forum to ease fears over the flood of exports from the country, saying that China saw itself as a commercial partner and not a rival for other countries, according to a Bloomberg report. "We never seek a trade surplus," Lifeng said, adding that on top of being the world's largest factory, the country hopes to be the world's market as well. The leader said the development seen in China presents an opportunity and not a threat to the global economy. "The world must not return to the law of the jungle where the strong prey on the weak," China's Vice Premier was reported as saying. He also called for China and the US to seize opportunities that benefit both sides, referencing some of the technology restrictions on China, and said China often sought to purchase foreign goods, but others were not up for selling. Officials of the country are looking to boost consumption, turning the country into a consumption powerhouse along with a manufacturing powerhouse, according to the leader. He said the country's development was primarily a result of reforms, innovation, and opening up its economy rather than government subsidies, Bloomberg reported. 

 

Following are the levels of key Asian indices at 0815 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4753.28	0.73
Hang Seng Index	26514.04	0.10
KOSPI	4852.17	(-)0.69
Nikkei 225 Day	52715.31	(-)0.52
TOPIX FIRST SECTION	3591.60	(-)0.94
FTSE Singapore Straits Times	4793.95	(-)0.71
S&P/ASX 200 Index	8779.50	(-)0.41

 

(Akshat Saksena)

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Equity Alert: US indices end sharply lower on US-Europe tensions

 

MUMBAI--0737 IST--Major equity indices in the US ended around 2% lower each on Tuesday, after a holiday on Monday. This was after US President Donald Trump threatened tariffs on European countries until they reach an agreement that will let the US acquire Greenland. The US president also threatened French wine and champagne companies with a 200% tariff. 

 

Trump on Saturday said US imports from eight North Atlantic Treaty Organization members would face tariffs starting at 10% on Feb. 1 and rising to 25% on Jun. 1 unless and until a deal was reached for the world's largest economy to acquire the Arctic island. Trump also threatened 200% import tariffs on French wines and champagnes at a time when reports suggest that French President Emmanuel Macron is not interested in joining the US leader's 'Board of Peace' on Gaza. Trump also lashed out at the UK, calling its plan to hand over sovereignty of the Chagos Islands to Mauritius as a "great act of stupidity" and also said that this was another reason why Greenland had to be acquired. The islands are one of the sites of a UK-US military base, CNBC reported. The fear gauge of Wall Street, Cboe Volatility Index, spiked to a high of 20.99.

 

The threat of tariffs have reignited the 'Sell America' trade, which emerged following the US president's "Liberation Day" levies announced last April, Reuters reported. European leaders are set to discuss possible responses such as tariffs worth on around $109 billion on US imports at an emergency meeting in Brussels Thursday. "The geopolitical risks that we've been talking about for a long time are re-emerging and ‌are shifting market perceptions of common alliances across allies in Europe," Wasif Latif, chief investment officer at Sarmaya Partners in New Jersey, was reported as saying. "That is coupled with what's going on in Japan with the JGB yields continuing to rise and the market caught asleep at the wheel on that risk that's out there. So it's all coming together for a pretty significant risk-off day," Latif added. 

 

Oil prices ended higher for the session, rising 1.5% to end at $64.92 per barell. US West Texas Intermediate settled higher at $60.34 per barrel, up 1.5% as well, Reuters reported. Gold hit a record high of $4,700 an ounce, while spot silver prices slipped slightly after reaching a record high of $4,700 an ounce. 

 

Trump is set to speak at the World Economic Forum in Davos on Wednesday and has agreed to talk to European leaders to discuss his ambitions over the mineral rich island. Speaking on the president's proposed takeover, US Treasury Secretary Scott Bessent defended Trump, saying, "That will stop any kind of a kinetic war, so why not pre-empt the problem before it starts?" CNBC reported. 

 

Following are the closing levels of US indices Tuesday:  

 

Index	Level	Change in %
S&P 500	6796.86	(-)2.06
NASDAQ Composite	22954.32	(-)2.39
Dow Jones Industrial Average	48488.59	(-)1.76

 

(Akshat Saksena)

 

US$1 = INR 90.98

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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