Friday, August 21
Mumbai: Indian equities have rarely found cheer in January. In the past decade, the Nifty has ended the month lower eight times and higher only twice, while the Sensex has managed gains on just three occasions. "December used to be a good month for the markets based on seasonality trends, which was typically followed by a tepid January," said Sunny Agrawal, head of Fundamental Research at SBI Securities. "This time, December performance has been muted given the persistent foreign selling." Both indices closed up to half a per cent lower last month. Agrawal said this time, the market could buck the weak seasonal trend this time ahead of the Union Budget in early February. "If Nifty breaks above 26,250, there is room for gains up to 26,500 in the near term," said Ruchit Jain, head of Technic
Mumbai: Indian equities started 2026 on a muted note on Thursday, with benchmark indices closing flat amid thin trading volumes. The NSE Nifty ended at 26,146.55, up 16.95 points or 0.1%, while the BSE Sensex settled at 85,188.60, down 32 points, or 0.04%. Both indices had closed about half a per cent lower in December. Trading activity was subdued globally, as most overseas markets remained closed for the New Year. "Given the thin volumes and lack of cues from global markets, the tone of the market remained flattish. However, there was a lot of stock-specific action," said Sunny Agrawal, head of Fundamental Research at SBI Securities. He said breadth has been weak, with most stocks undergoing price corrections, and expects stock-specific moves to continue as third-quarter results begin ne
