More Stories

Informist, Wednesday, Jan. 21, 2026

 

By Arundathi A R

 

MUMBAI – Analysts expect the market to remain volatile in the coming days amid global uncertainties. The overall bias is expected to remain negative. The ongoing December quarter earnings and Budget for 2026–27 (Apr-Mar), scheduled for Feb. 1, are expected to have a lesser impact on sentiment, as the market's current direction is largely determined by geopolitical developments.

 

US President Donald Trump is expected to address the World Economic Forum in Davos, which will be closely monitored by the Street. "America's tariff deals, our trade deals with Europe, with the UK — these are durable and stable," CNBC reported, quoting US Commerce Secretary Howard Lutnick, as saying. 

 

"Only some positive news coming out of the Union Budget can reverse the current market trend," Alok Churiwala, managing director at Churiwala Securities Pvt. Ltd., said. He expects a similar trajectory of earnings growth to continue in 2026–27 (Apr-Mar) as well. 

 

Analysts are divided on the prospects of a pre-Budget rally. "We might witness a pre-Budget rally as Nifty (Nifty 50) has almost tested our mentioned supports (25162-25100) in today's (Wednesday's) trading sessions," Vipin Kumaar, derivatives and technical analyst at Globe Capital Market, said. The Nifty 50 has to sustain above the 25500 level for a trend reversal, he said.

 

However, Churiwala is not expecting a pre-Budget rally as the geopolitical events have taken centre stage. "In the upcoming Union Budget FY 2026–27, we expect a continuation in the government's efforts to bring ease of business, boost capital inflow into the Indian economy, and further the agenda of Insurance for All 2047," Subhrajit Mukhopadhyay, deputy chief executive officer and executive director at Edelweiss Life Insurance, said in a note. 

 

On Wednesday, the Nifty 50 ended 0.3% lower at 25157.50 points, down 75 points. The BSE Sensex ended at 81909.63 points, down 270.84 points, or 0.3%. Analysts expect the Nifty 50 to find resistance at 25200 points and support at 24900 points.

 

On specific stocks, Nuvama Institutional Equities has raised its target price on Persistent Systems by 10% to INR 7,700. The brokerage maintained a 'buy' recommendation on the information technology company's stock. The company delivered a solid performance in the December quarter with margin expansion aided by artificial intelligence-led platform sales, Nuvama said. JM Financial said the deal momentum of Persistent Systems remained strong. The total contract value rose 13.5% on year, and the annual contract value rose 17.2%.

 

Post-market hours, Dr.Reddy's Laboratories and Eternal reported their December quarter performance. Dr.Reddy's Laboratories reported a consolidated net profit of INR 12.10 billion, down over 14% on year and a revenue of INR 87.53 billion, up over 4% on year.

 

Eternal posted a robust 73% on-year jump in consolidated net profit for the December quarter to INR 1.02 billion. The company's revenue rose over three times on year to INR 163.15 billion.

 

The December quarter results of InterGlobe Aviation, scheduled for Thursday, will be keenly watched. The company is expected to report a sharp decline in its bottom line and only modest growth in its top line for the December quarter, dragged down by severe operational disruptions that led to around 4,500 flights being cancelled in the latter part of the quarter.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.