Quote on Sensex 19th Jan 2025 by Hitesh Tailor, Technical Research Analyst, Choice Broking
Below the Quote on Sensex 19th Jan 2025 by Hitesh Tailor, Technical Research Analyst, Choice Broking
"On 19th January 2026, the BSE Sensex closed lower at around 83,246.18, as Indian equity markets witnessed broad-based selling, ending the session down by over 300 points amid weak global cues and disappointing corporate earnings. The index remained under pressure for most of the day, weighed down by heavyweight stocks and a prevailing risk-off sentiment.
The session witnessed the benchmark retreat from its intraday highs, as early optimism faded with banking and financial stocks underperforming on the back of mixed Q3 results. Added pressure from geopolitical concerns and tariff-related uncertainties weighed on sentiment, while weak broader market breadth reflected declines outpacing gains across most sectors.
Technically, the Sensex attracted buying interest around the 82,800–82,900 support zone, which helped contain losses toward the close. However, immediate resistance is still placed near 83,700–83,800, a level that has consistently capped upside attempts in recent sessions.
With the index closing below recent short-term highs and facing pressure from both global and domestic headwinds, the near-term bias remains cautious to neutral. Selective accumulation on declines is likely as long as the key support levels continue to hold."
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