Indian Markets Pre Market Sentiment Report (January 29, 2026) for market updates and outlook.
🔥 Early Sentiment (at a glance)
Indian Markets Pre Market Report This morning’s tone is mildly cautious / slightly negative, because GIFT Nifty is lower even after a strong close yesterday.
Global cues are mixed (US surged, Europe slipped, Asia is steady).
🌍 Global Cues (Overnight)
🇺🇸 US Market (closed overnight)
Wall Street had a strong session:
Dow Jones: 49,015.60
S&P 500: 6,978.03
Nasdaq: 23,857.45
Single-line reason: Tech + risk-on mood ahead of key macro events helped US benchmarks push higher.
🇪🇺 Europe (previous session)
Europe ended mostly lower:
FTSE 100: 10,154.43
DAX: 24,822.79
CAC 40: 8,066.68
Single-line reason: Luxury weakness dragged the broader market despite pockets of strength in tech.
🌏 Asia (this morning)
Asian markets were largely firm in the prior session (Hong Kong stood out).
Japan (Nikkei 225) is trading around 53,403 early today.
Single-line reason: Asia is digesting trade headlines + global risk sentiment; no panic, but not a straight-line rally either.
📌 GIFT Nifty & Opening Setup
GIFT Nifty (Feb futures): 25,361.50, -35.50 (-0.14%) (around 07:15)
What it signals: A flat-to-soft start is possible, with “buy-on-dips vs profit-booking” tug-of-war likely in the first hour.
🇮🇳 India vs US Trade Deal — What matters for markets today
Multiple reports say India and the US have made “very significant” progress on a bilateral trade agreement, and talks are continuing even after the EU deal momentum.
Market read: If the narrative stays constructive, it supports exporters (select textiles, engineering, chemicals) and improves medium-term sentiment. For today: it’s a headline support, not a guaranteed intraday trigger.
🧭 Yesterday’s Indian Market Recap (What changed on Jan 28)
📍 Closing Levels (Jan 28, 2026)
Nifty 50: 25,342.75 (+0.66%)
Bank Nifty: 59,598.80 (+0.85%)
Sensex: 82,344.68 (+0.60%)
Simple explanation (desk-style): Market opened strong, cooled mid-session on profit booking, then buyers returned late—especially in energy, metals and PSU names.
🏭 Sector Pulse (Jan 28 close)
Strong: Media, Metal, Energy, Oil & Gas, Realty, PSU Banks
Weak: FMCG, Pharma, Healthcare
👉More details keep reading 📌 Indian Markets Post Market Report (28.01.2026) — Bullish Close, Broader Market Outperforms
📈 Indian Markets Pre Market Report Today Key Levels to Watch (Nifty / Bank Nifty / Sensex)
✅ Nifty 50
Immediate support: 25,200 (market view)
Immediate resistance: 25,400 (market view)
Pivot-based levels (derived): Support zone: 25,223 / 25,163
Resistance zone: 25,403 / 25,463
✅ Bank Nifty
Immediate support: 59,300 (market view)
Immediate resistance: 59,730 (market view)
Pivot-based levels (derived): Support zone: 59,500 / 59,350
Resistance zone: 59,950 / 60,150
✅ Sensex
Pivot-based levels (derived): Support zone: 82,054 / 81,719
Resistance zone: 82,734 / 83,069
How to use these:
If Nifty sustains above 25,400, bulls may try extending; if it slips below 25,200, intraday traders may switch to “sell-on-rise” until support returns.
🧾 Derivatives Check (OI, PCR) + Volatility (VIX)
📌 Put-Call Ratio (PCR)
NIFTY50 PCR: 0.8268 (Viewing: 28 Jan 2026)
BANKNIFTY PCR: 1.0969 (Viewing: 28 Jan 2026)
Interpretation (practical):
Nifty PCR < 1 usually means calls heavier than puts (upside may face writing/resistance).
Bank Nifty PCR > 1 suggests puts relatively stronger (banks holding better support).
🌡️ India VIX (Fear Gauge)
India VIX: 13.52, down ~6.4%
What it means today: Volatility cooled. Moves can still be sharp, but the market is not pricing panic.
💰 FII & DII Data (Latest)
Jan 28 (Provisional):
FIIs : Net Buyer: ₹480.30 crore
DIIs: Net Buyer: ₹3,360.60 crore
✅ Interpretation: Both FIIs and DIIs were net buyers in the cash segment on 28 Jan 2026, with DIIs showing stronger buying intensity. This is bullish breadth support for the market rally seen today. 👉5paisa
🪙 Commodities & Currency (Morning Watch)
🥇 Gold
Gold has been firm on safe-haven demand and USD moves.
Gold ~ ₹1,66,385/10g
🪙 Silver
Silver ~ ₹3,86,530/kg
🛢️ Crude
Oil has been supported by supply disruptions and weather-related output issues.
Brent~ $68.96/bbl
WTI ~$63.85/bbl
💱 Currency (Early indicator)
USDINR Futures (Feb): 92.0850
🧾 Q3 Results Watch — Outlook for 2 Stocks
🧃 ITC (Result Watch)
What to watch: Cigarettes volume trend, FMCG margin trajectory, and hotel business commentary.
A steady print + confident outlook generally supports defensive buying.
🚗 Tata Motors (Result Watch)
What to watch: JLR demand commentary, EV momentum, and margin guidance.
Any positive tone on mix + demand can help sentiment in autos.
(These are “watch points”, not calls—because the market often reacts more to guidance than the headline numbers.)
👉For IT, Pharma and Banking Sectors Q3 Results Keep Reading
Q3 FY26 Results Update: TCS, Infosys, HCLTech
🆕 IPO Updates (New + Existing)
✅ Recently Listed
Shadowfax listed at about a 9% discount to IPO price (muted debut).
🗓️ SME IPO Listings / Schedule (near-term)
Zerodha’s IPO tracker shows multiple SME names with late-Jan listing dates (for example: KRM Ayurveda listing on Jan 29, and others around Jan 30). 👉zerodha
🏷️ Stock of the Day (Watchlist)
🛢️ ONGC — “Stock to Track”
Why it’s on the radar:
Stock surged strongly on deal headlines and crude strength.
Trade-style view: If crude remains supported, energy can keep leadership; if crude cools off, expect profit-booking.
🧠 Investment Angle (Short Term vs Long Term)
⏳ Short Term (days to weeks)
Respect 25,200–25,400 zone in Nifty: trade smaller, avoid over-leverage.
Prefer sectors showing leadership: energy, metals, PSU banks (but don’t chase vertical candles).
🏗️ Long Term (months to years)
Keep it simple: SIP + quality leaders + balance cyclicals with defensives.
Trade deals (EU/US progress) are multi-quarter themes, not 1-day stories—use volatility to build gradually.
🏛️ New SEBI Update (Recent)
SEBI issued a Master Circular for the Social Stock Exchange framework dated Jan 19, 2026.
Impact (practical): More clarity/standardization for SSE-related compliance and fundraising mechanisms; day-to-day market impact is limited, but it improves regulatory structure over time.
✅ Pre-Market Plan (Quick Checklist)
If GIFT Nifty stays negative, expect a cautious start; look for stability near 25,200.
Watch banks (PCR supports them) for market direction. 👉upstox.
Keep an eye on crude and USDINR for intraday mood swings.
👉Further reading
Pre-Budget Market Outlook (Union Budget 2026-27) — What the Market Is Pricing In
India’s New Labor Codes: Why Companies Are Taking “Thousand-Crore”
How Much Should You Invest Every Month? A Simple Guide for Salaried People
Mutual Funds Explained:Types, Returns & Risks
Stock Market 101–Lesson 14 IPOs for Beginners: Process & Allotment Basics
⚠️ Disclaimer:
This report is for educational and informational purposes only. It is not investment advice or a recommendation to buy/sell/hold any security. Markets are subject to risk; please do your own research or consult a SEBI-registered advisor before making investment decisions.