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Market Commentary

Overnight global action:

On 22nd Jan 2026, US market delivered a positive performance with S&P500 up by +37.73 pts (0.55%), Dow Jones up by +306.78 pts (0.63%) and Nasdaq up by +191.77 pts (0.76%). Gift Nifty declined by -14.5 pts (-0.06%) indicating Indian markets will open negatively. Advance-Decline ratio on NSE was 3266:2337 and on BSE was 2934:1307 which showed strength in the overall markets.

Index Options Data Analysis: Sensex max call OI is at 82400 max put OI is at 82300 with PCR of 0.8 Nifty max call OI is at 25500 max put OI is at 25000 with PCR of 0.78 Bank Nifty max call OI is at 60000 max put OI is at 59000 with PCR of 0.7

Securities in Ban for F&O Trade: BANDHANBNK, SAMMAANCAP

Sector Performance:

NIFTY AUTO index grew by 0.58% driven by Ashok Leyland Ltd. (+2%) and Maruti Suzuki India Ltd. (+2%)

NIFTY FMCG index declined by -0.24% driven by Radico Khaitan Ltd. (-1.9%) and United Spirits Ltd. (-1.85%)

NIFTY IT index grew by 0.47% driven by Tech Mahindra Ltd. (+2.9%) and LTIMindtree Ltd. (+1.57%)

NIFTY METAL index grew by 2.63% driven by Welspun Corp Ltd. (+6.9%) and Hindustan Zinc Ltd. (+3.55%)

NIFTY CHEMICALS Index grew by 0.69% driven by Solar Industries India Ltd. (+0.7%) and Linde India Ltd. (+0.3%)

NIFTY PSU BANK index grew by 0.15% driven by Bank Of India (+3.6%) and Indian Bank (+0.77%)

NIFTY PRIVATE BANK index grew by 0.45% driven by The Federal Bank Ltd. (+3.5%) and Kotak Mahindra Bank Ltd. (+2.08%)

NIFTY REALTY index grew by 1.53% driven by Oberoi Realty Ltd. (%) and The Phoenix Mills Ltd. (%)

NIFTY CONSUMER DURABLES index grew by 1.46% driven by Dixon Technologies (India) Ltd. (+2.7%) and Havells India Ltd. (+1.47%)

NIFTY OIL & GAS index grew by 1.11% driven by Mahanagar Gas Ltd. (+3.3%) and GAIL (India) Ltd. (+0.29%)

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