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Below the Quote on Sensex 16th Jan 2025 by Hitesh Tailor, Technical Research Analyst, Choice Broking

"On 16th January 2026, the BSE Sensex ended on a positive note at around 83,570.35, rising by roughly 187–190 points. The recovery was driven by strength in IT stocks and upbeat earnings cues—especially from Infosys—which lifted overall investor sentiment and supported a broad-based rebound in the market.

The session witnessed the index rebound from its intraday lows and hold on to gains for most of the day, supported by broad-based strength across key sectors such as IT, banking, and financials, effectively breaking the recent sluggish trend. Although gains were partially capped near intraday highs due to profit booking in select defensive stocks, the overall market tone remained constructive heading into the weekend.

Market breadth remained positive, with advancing stocks outnumbering decliners, while healthy volumes signaled genuine accumulation rather than selective or isolated buying.

Technically, the index held firmly above the 83,000–83,100 support zone, which acted as a strong intraday cushion during pullbacks. On the upside, the 84,000–84,100 resistance band remains the key near-term hurdle where selling pressure could emerge. As long as this crucial support range is maintained, the overall structure continues to favour a controlled buy-on-dips strategy.

Market bias remains slightly positive with a defensive undertone, as indices are gradually edging higher while staying sensitive to broader macro developments and earnings-related cues."

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