WEEKLY TRENDSETTER ( JAN 16,2026)
| 2026 | JAN 2 | JAN 9 | Ch % |
| NIFTY | 26328 | 25683 | -2.45 |
| BANK NIFTY | 59711 | 59251 | -0.77 |
| USD/INR | 90.13 | 90.16 | 0.09 |
MARKET REVIEW– The week began on a euphoric note. However, what transpired subsequently would have disappointed the most die hard optimist as a wave of selling from FII’s largely due to geo political reasons to begin with followed by a Trump threat to impose 500% duty on India dragged the markets down. With the Indo US trade deal in limbo this clearly soured sentiments and by close of week Nifty had shed 2.45% with bulls scurrying back for cover.
INTERESTING CUES
VI gets a breather –The beleaguered telecom major has been battling crisis for the last 4-5 years .Ever since AGR dues were imposed on the company it has been fire fighting every month to repay bank loans .The staggering liability has mounted to Rs 83000 cr which can cripple any company .However after serious consideration and SC go ahead the company has received an intimation that for the next 6 years the company will have to pay maximum of Rs 124 cr every year from March 2026 followed by Rs 100 cr every year for 4 years .Meanwhile the AGR liability will be reviewed by a committee .These measures should provide enough oxygen for the company and put its resources to more productive use .The immediate priority for the company is to arrest erosion of subscribers on a regular basis.
Equity SIPs highlight shrewd Indian investor
The equity mindset of the Indian investor shows an opportunistic streak as equity mutual funds inflows fell 6% in Dec while encashment hit a 17 -month high. This also co-incides with the movement in the market index over the last 18 months which has been sluggish to negative as broader market has seen selling pressure though indices were kept higher. Another eye-catching event was gold ETF inflows of Rs11647 cr in December,25 compared to Rs3,742 cr in November, while silver ETFs saw inflows of Rs 3962 cr compared to Rs 2154 cr in the previous month.
NIFTY –The index flattered to deceive as it touched an all time high of 26373 before relentless selling pressure saw it eroding gains over the past few weeks and dipping below the critical 25800 level. While in the near term the index looks oversold, IT results next week will hold key as support is around 2500 is critical.
BANK NIFTY-The index is going through a re adjustment phase with likes of HDFC Bank, ICICI Bank shedding some weightage while likes of Union Bank and Yes Bank should see increases as per the recent direction from the regulator. The whole process should take some weeks but on the whole a welcome step as the weightages will look more even and the Bank Nifty moves will reflect a broader participation. Last week it was indicated that 59000 will be critical on the down side. Higher levels around 59600 could again see pressure emerging.
Stocks on the move
Solar energy stocks shedding gains
The sector has been going through a honeymoon period which however looks like coming to an end as a string of events like oversupply, cancellation of orders, normalization of profits, etc. prove to be a dampener and stocks like Warree Energie, Premier Energies, Suzlon and others have seen selling pressure. The upcoming Dec quarterly results should shed more light on how serious the problem is.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam
DISCLAIMER: Kindly note that I am not SEBI registered and the above content is for educational/informational use only and users should consult a registered professional before investing.