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Indian equities historically struggle in January, with the Nifty and Sensex often seeing declines. However, analysts suggest this year might differ, potentially boosted by the upcoming Union Budget. Technical indicators point to potential gains if key levels are breached, while broader markets have shown more resilience. The Nifty closed slightly higher on the first trading day of 2026.
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Indian equities began 2026 on a muted note, with benchmark indices closing flat amid thin trading volumes and a lack of global cues. While the Nifty and Sensex saw minor movements, stock-specific actions dominated, particularly in the auto sector. The FMCG index faced pressure due to a decline in ITC shares following an excise duty announcement.
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During a review meeting with chief executives of leading housing finance companies (HFCs) last week, the NHB chief said disbursements were "not up to the mark" and urged lenders to sharpen their focus on the programme, officials familiar with the discussions said.
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News and Media
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