Pre-Market Report: Indian Markets Eye Positive Open Amidst Global Gains

Global Market Cues

Global markets exhibited a largely positive sentiment overnight. In the US, major indices closed at new record highs on Monday, January 12, 2026, shrugging off concerns related to a US criminal probe into the Federal Reserve. The Dow Jones Industrial Average rose 0.45%, the NASDAQ gained 0.77%, and the S&P 500 advanced 0.61%. The S&P 500 notably climbed 0.65% to a record 6,966.28, with the Dow Jones increasing 0.48% to 49,504.07, and the Nasdaq Composite up 0.81% to 23,671.35. Strong performances from companies like Walmart and Alphabet contributed to these gains.

European markets closed mixed on Monday. The pan-European Stoxx 600 index recorded a modest rise of approximately 0.16% to 610.62 points, reaching a new record close. The UK's FTSE 100 index also closed higher by 0.16%, and Germany's DAX index saw a 0.54% increase. In contrast, France's CAC 40 index declined by 0.4%. Geopolitical developments in Venezuela, Iran, and the ongoing Russia-Ukraine conflict, alongside concerns about the US Fed's independence, influenced market sentiment.

Asian markets are trading higher this morning, January 13, 2026, extending gains despite geopolitical warnings from US President Donald Trump regarding tariffs on countries doing business with Iran. The MSCI Asia Pacific Index advanced 1.2% to an all-time high, driven by optimism over earnings and regional economic growth. Japan's Nikkei surged 3.3% or 3.4% to record levels, while South Korea's KOSPI index rose 1.05% and Hong Kong's Hang Seng was up 1.32%.

GIFT Nifty and Domestic Cues

GIFT Nifty is signaling a positive start for the Indian markets. Early on Tuesday, January 13, 2026, GIFT Nifty was trading near 25,920, up 0.24% as of 6:50 a.m. IST. This suggests a steady-to-range-bound to mildly positive opening for domestic indices. On Monday, January 12, 2026, Indian equities broke a five-day losing streak, with the Nifty 50 closing 0.42% higher at 25,790.25 and the Sensex gaining 0.36% to finish at 83,878.17. This recovery was partly attributed to hopes surrounding an India-US trade deal.

Technical analysis indicates that the Nifty has formed a bullish hammer candlestick pattern, hinting at a potential bullish reversal. Immediate support for Nifty is placed at 25650, with resistance levels identified around 26000-26100. Derivatives data shows significant Put writing at the 25,700 strike and Call writing at the 26,000 strike, defining a near-term trading range. A buy-on-dips strategy is recommended as long as the Nifty maintains above 25,600.

Foreign portfolio investors (FPIs) were net sellers on Monday, offloading shares worth ₹3,638 crore, while Domestic Institutional Investors (DIIs) provided support with net buying of ₹5,839 crore.

Key Stocks in Focus

• TCS: The IT major reported an 11.70% QoQ decline in its Q3 net profit to ₹10,657 Crore, though revenue increased by 2% to ₹67,087 Crore. The company declared an interim dividend of ₹11 per share and a special dividend of ₹46 per share.
• HCLTech: The company's Q3 revenue rose 6% QoQ to ₹33,872 Crore, but net profit slipped 3.70% to ₹4,076 Crore, partly due to a labor code impact. An interim dividend of ₹12 per share was announced.
• Adani Energy Solutions: The company maintained a steady collection efficiency of 101.75% year-on-year and a system availability of 99.69%. Its transmission business has an under-construction order book of ₹77,787 Crore.
• Biocon: The pharma firm launched a Qualified Institutional Placement (QIP) of ₹4,150 Crore, with an indicative price of ₹368.35 per share.
• NBCC: Entered into a Memorandum of Understanding (MoU) with Bharat Electronics, marking its strategic entry into the healthcare manufacturing and services infrastructure space.
• Others: Companies scheduled to release their Q3 earnings today include ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Bank of Maharashtra, Tata Elxsi, and Just Dial.

Key Events to Watch Today

• Corporate Earnings: A number of companies, including ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Bank of Maharashtra, Tata Elxsi, and Just Dial, will be announcing their Q3 results today.
• Economic Data (India): Investors will look out for the release of FX Reserves (USD) data.
• Economic Data (Global): Key global data releases include the US Consumer Price Index (CPI) for December and ADP Employment Change (Weekly).
• Geopolitical Developments: The ongoing US-Iran tensions and potential tariffs, as well as developments concerning the criminal probe into Federal Reserve Chair Jerome Powell, remain crucial factors influencing global sentiment.
• Conferences: The Inclusive Finance India Summit 2026 is being held in New Delhi from January 13-14, 2026.

TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update

Tags: Pre-Market Stock Market Nifty Sensex Market Update