Post-Market Report: Dalal Street Remains Silent for Republic Day Amidst Global Trade Optimism
Published: 2026-01-26 17:01 IST | Category: Markets | Author: Abhi
Market Performance Today
Domestic equity markets, including the BSE and NSE, were shut today, January 26, 2026, on account of the Republic Day holiday. No trading activity took place in the equity, derivative, or debt segments. As a result, the benchmark indices held steady at their last closing levels from Friday, January 23.
- BSE Sensex: Closed at 81,537.70 (Down 769.67 points or 0.94%)
- NSE Nifty 50: Closed at 25,048.65 (Down 241.25 points or 0.95%)
- Nifty Bank: Closed at 58,473.10 (Down 1.23%)
Top Movers (Sectors and Stocks)
With the markets closed today, the "movers" reflect the positions held from the previous session's heavy sell-off. The Adani Group and banking stocks were the most significant laggards leading into the holiday.
- Adani Group Stocks: Shares of the conglomerate faced a massive rout, with individual stocks falling between 5% and 14% due to intensified legal scrutiny from the US SEC.
- Eternal: Emerged as one of the top losers on the Nifty, dropping 5.8%.
- IndiGo: Declined by 4% as investors reacted to its latest quarterly earnings report.
- Axis Bank: Slipped 3.1% as the private banking sector faced broad-based selling pressure.
- Power Grid: Fell by 2.1% amidst a general risk-off sentiment across the energy and utility space.
Key Drivers of Today's Market
While trading was suspended, the news cycle remained active, providing several key drivers that are expected to influence the market's reopening on Tuesday.
- Republic Day Holiday: The primary reason for the lack of movement was the national holiday celebrating the 77th Republic Day.
- US Tariff Relief Signals: Sentiment was bolstered by comments from US Treasury Secretary Scott Bessent, who suggested a "path" to rolling back the 25% additional tariffs on India, noting a significant drop in India's Russian oil imports.
- India-EU Trade Summit: The visit of European leaders for the 16th India-EU Summit has raised expectations for a Free Trade Agreement (FTA), which could provide a major boost to Indian exports.
- SEC Legal Action: The market remains wary of the Adani-SEC situation, as the US regulator sought court approval to serve summons to Gautam Adani via email, weighing on the group's market valuation.
- Budget 2026 Caution: Investors continue to exercise caution ahead of the upcoming Union Budget, contributing to the persistent Foreign Institutional Investor (FII) outflows seen in recent sessions.
Broader Market Performance
The broader markets remained at their Friday lows, having underperformed the front-line indices during the last trading session.
- Nifty Midcap 100: Last closed at 57,145.65, down 1.80%.
- Nifty Smallcap 100: Last closed at 7,984.55, down 1.92%.
- Market Outlook: Analysts expect a potential gap-up opening on Tuesday if global sentiment remains positive following the trade-related developments discussed over the weekend.
TAGS: Post-Market, Stock Market, Nifty, Sensex, Market Analysis
Tags: Post-Market Stock Market Nifty Sensex Market Analysis