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Below the Quote on Market 23rd January 2026 from Vinod Nair, Head of Research, Geojit Investments Limited

"Indian equity markets went on a sell-off mode despite an optimistic global market and supportive domestic PMI data. Sentiment weighed down on uptick crude oil prices, a sharp depreciation of the rupee to record lows, FIIs selling and earnings delivery falling marginally short of expectations amid premium India valuations. Realty and PSU bank stocks underperformed on execution-related delays and profit booking, while Adani Group stocks came under pressure amid reports of potential summons by the US regulator. Looking ahead, market sentiment is likely to remain cautious as investors position to upcoming the Union Budget and the US Fed’s interest rate decision where expectations are muted."

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