📈 Indian Markets Pre-Market Report (January 23, 2026) — Cautiously Positive Start Likely
🌍 Global Cues (Overnight) — What’s shaping sentiment?
🇺🇸 US Markets (Thursday, Jan 22 close)investing.com
Indian Markets Pre Market Report Today: Wall Street stayed firm, supported by improved risk mood and easing tariff-related anxiety.
Dow Jones: 49,384.01 (+0.63%)👉
S&P 500: 6,925.16
Nasdaq Composite: 23,436.02 (+0.91%)
Single-line takeaway: US markets ended higher, keeping global risk sentiment supportive for Asia this morning.
🇪🇺 Europe (Thursday, Jan 22 close)
European equities also ended positive, tracking the same “risk-on” tone.
STOXX 600: 608.86 (+~1%)
DAX / CAC / FTSE: also closed higher overall (broad-based gains)
Single-line takeaway: Europe closed green, adding support to global cues going into India’s open.
🌏 Asia (Friday, Jan 23 early session)
Asian markets were mostly steady-to-positive as they tracked Wall Street and waited for the Bank of Japan policy cues.
Hang Seng: around 26,600 area (mild gains)
Shanghai Composite: around 4,122 area (slight uptick)
KOSPI: closed 4,952.53 (+0.87%), after briefly crossing 5,000 intraday
Single-line takeaway: Asia is not euphoric, but the tone is constructive—good for a stable Indian open.
🇮🇳 Gift Nifty Check (Early Morning)
GIFT Nifty: around 25,387 at ~6:45 a.m., indicating a mildly positive start.
Single-line takeaway: A slightly higher open is likely unless we see sudden global headline risk.
📌 Indian Markets Pre Market Report — Key Levels to Track
✅ Previous Session Snapshot (Thursday, Jan 22 close)
Nifty 50: 25,289.90 (+0.53%)
Sensex: 82,307.37 (+0.49%)
Bank Nifty: 59,200.10 (close)
India VIX: 13.35 (cooling off)
🧠 Market Outlook for Today (What to expect)
Thursday’s rebound helped sentiment, but the market still looks headline-sensitive and likely to trade with stock-specific action driven by results.
Here’s the practical setup:
If global cues remain stable, bulls will try to build on Thursday’s recovery.
If profit booking starts early (after the gap-up), the market may slip into a range.
Expect earnings-driven volatility in select names, while index movement stays controlled.
🧱 Support & Resistance (Nifty 50 / Bank Nifty)
📍 Nifty 50 Levels
Supports
25,000 (psychological support)
24,900 (stronger short-term base)
Resistances (practical zones)
25,350–25,400 (near-term supply / gap zone, watch opening behavior)
25,500 (next visible upside area if momentum continues)
🏦 Bank Nifty Levels
Bank Nifty “held above” the key 58,600 support area recently, suggesting resilience.
From the latest post-market read:Support: ~59,000
Resistance: ~59,550 👉liquid blog
📊Sensex Levels
Previous Close: 82,307
🔹 Support Levels
- Support 1: 82,000 (immediate psychological support)
- Support 2: 81,700 (short-term swing support)
🔹 Resistance Levels
- Resistance 1: 82,550 (near-term hurdle)
- Resistance 2: 82,850 (supply zone / recent high area)
🧾 India vs US Trade Deal — Why it matters today
Markets are reacting to renewed optimism around a potential India–US trade breakthrough, which has helped risk sentiment and short covering.
What to watch: any concrete policy headline (tariffs, market access, tech/defense, pharma, manufacturing) can swing sentiment quickly.
🧩 Derivatives Snapshot — Open Interest, PCR, and positioning
📌 Put-Call Ratio (PCR)
Nifty PCR: improved to around 0.78 (still not aggressive bullish positioning, but sentiment improved vs prior levels).
Bank Nifty PCR: around 0.7341 (shows cautious positioning; traders still selective).
🌪️ Volatility (VIX)
India VIX: 13.35 — cooling, which usually supports a more orderly session.
💰 FII & DII Data (Latest)
For Thursday, Jan 22:
FII: ₹ -2,549.80 Cr (net sellers)
DII: ₹ +4,222.98 Cr (net buyers)
Read-through for today: Domestic buying continues to cushion dips, but persistent FII selling can cap sharp upside moves.
🏢 Stocks in Focus — Earnings & Key Corporate Updates
A few result-driven movers likely to stay active:
IndiGo: reported an exceptional revenue impact tied to operational disruption period.👉EconomicTimes
DLF: Q3 profit rose; commentary around cash flows and debt metrics drew attention.
Mphasis: reported results broadly in line with expectations as spending trends were tracked.
Trade idea (simple): If the index turns range-bound, earnings stocks often offer cleaner intraday moves than the benchmark.
🧾 SEBI / Market Rule Updates — What’s new and why it matters
One practical update traders must be aware of: revised lot sizes for select index F&O contracts kicking in from the new contract cycle (covers Nifty/Bank Nifty among others).
Impact in one line: position sizing, margins, and risk per trade will change—update your risk rules before placing F&O orders.
🧺 IPO & Primary Market Updates
From the latest live market coverage:
Shadowfax IPO: subscription tracking showed strong demand (reported ~2.72x on final day update).
PhonePe IPO: secondary headlines continued around offer dynamics and investor exits.
NFO note: a Nifty PSE ETF NFO announcement was also highlighted in market updates.
🛢️ Commodities & Macro — Levels to Track
🟡 Gold
Gold remains elevated (safe-haven + demand narrative).
Spot reference around ₹1,56,540/10g (recent trading reference)
⚪ Silver
Silver stayed strong:
Around ₹3,26,500/kg (recent reference)
🛢️ Crude Oil
WTI: around $59.76 (latest reference)
Brent: around $64.47 (front month reference)
💱 Currency Check (Morning)
USD/INR: around 91.5–91.6 zone (recent reference range)
Why it matters today: A stable rupee supports sentiment; sharp INR weakness can pressure import-heavy sectors and raise inflation sensitivity.
🧭 Investment Ideas (Short Term vs Long Term)
⏱️ Short-Term (today to 1–2 weeks)
Prefer risk-managed trades near defined levels (25,000 support / 25,400–25,500 supply zone).
If VIX stays contained, range strategies tend to work better than chasing breakouts.
Earnings stocks > index trades if the benchmark turns sideways.
🧱 Long-Term (months to years)
If you’re a long-term SIP investor: volatility is usually a feature, not a bug—stick to quality and diversification.
Use dips to gradually build exposure rather than trying to time bottoms perfectly (with sensible asset allocation).
✅ Pre-Open Checklist (Quick)
Track GIFT Nifty direction into opening minutes
Watch Bank Nifty behavior around 59,000–59,550 zone
Keep an eye on USD/INR + crude (macro pressure points)
Be aware of F&O lot size changes (risk sizing)
👉Further reading
Indian Markets Weekly View (Jan19 –23, 2026)
India’s New Labor Codes: Why Companies Are Taking “Thousand-Crore”
How Much Should You Invest Every Month? A Simple Guide for Salaried People
Stock Market 101 – Lesson 13 ETFs & Index Funds: Fees, Tracking, and How to Choose
Q3 FY26 Results Update: TCS, Infosys, HCLTech
⚠️ Disclaimer (SEBI-Friendly)
This Indian stock market pre market report is for educational and informational purposes only and does not constitute investment advice, research advice, or a recommendation to buy/sell any security. Markets are subject to risk. Please consult a SEBI-registered financial advisor before making investment decisions. Past performance is not indicative of future results.