Indian equities are navigating a period of consolidation with improving growth prospects for FY27. While near-term market movements may be range-bound, a stronger earnings recovery could propel indices to new highs by year-end. Valuations have become more attractive compared to other emerging markets, offering a better risk-reward setup.
India's economic resilience amidst global turmoil is highlighted, with policy continuity, bond market development, and domestic funding mechanisms identified as key Budget priorities. The nation's fiscal consolidation and real asset creation provide a strong foundation for sustained growth, positioning it favorably for future expansion.
In the Nifty500 pack, 13 stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on January 22, 2026, according to stockedge.com's technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look:
TikTok said that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok, concluding a six-year legal saga.
IndiGo's profit plummeted 75% to 549 crore in Q3 due to 1,546.5 crore in one-time costs for customer compensation and new labor rule implementation. The airline faced disruptions from pilot shortages and a DGCA investigation found management failures in planning and implementing new rest rules, impacting its growth forecast.
Indian stocks and the rupee saw a rebound on Thursday. This recovery followed US President Donald Trump's remarks easing concerns over tariffs on Europe. The NSE Nifty and BSE Sensex closed higher, snapping a losing streak. The Indian rupee also recovered against the dollar. Geopolitical anxiety lessened, impacting gold and silver prices. Foreign portfolio investors continued to sell shares.
IIFL Finance shares plunged 17% despite a 20% profit rise after receiving an income-tax notice for a past block period. The company deposited 1.47 crore towards potential revision of its returns. Despite the slump, IIFL Finance declared a 200% interim dividend as net profit grew to 501 crore.
Silver prices saw a sharp decline on Thursday. This happened as stock markets rose, reaching new highs. Investors are booking profits after a significant rally in silver this year. Easing geopolitical tensions have encouraged this shift. Consumers are staying away due to price volatility. Industrial demand for silver remains a long-term factor.
Steel companies anticipate lower profits this quarter. Softening domestic prices and higher input costs are impacting earnings. However, non-ferrous metal producers are set for better results. Strong rebounds in aluminium, zinc, and copper prices are driving this improvement. A new safeguard duty on steel imports is expected to boost prices in the coming months.
Silver ETFs experienced a significant sell-off, plunging 15-20% on Thursday, far exceeding the modest decline in spot silver prices. This sharp divergence was attributed to the unwinding of speculative positions and potential forced selling due to margin calls, surprising investors after a recent record rally.
