The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a positive note on Tuesday, January 27, tracking firm cues from global markets.
Market sentiment looks optimistic as Gift Nifty signals a higher opening for domestic equities.
Gift Nifty was trading around the 25,160 level, showing a premium of nearly 80 points compared to the previous close of Nifty futures. This indicates a likely gap-up opening for the Indian stock market.
The Indian equity markets were closed on Monday, January 26, 2026, on account of Republic Day.
On Friday, the market witnessed heavy selling pressure, with benchmark indices ending sharply lower.
Sensex plunged 769.67 points (0.94%) to close at 81,537.70
Nifty 50 declined 241.25 points (0.95%) to settle at 25,048.65
The Nifty closed near the psychological 25,000 level, reflecting cautious investor sentiment.
The Sensex fell nearly 2.4% last week, forming a long bearish candle on the weekly chart. The index continues to trade below its short-term moving averages, which remains a negative technical signal.
According to Hitesh Tailor, Research Analyst at Choice Equity Broking, the near-term outlook remains cautious.
“With Sensex ending decisively below recent intermediate levels and broad-based selling dominating the session, the near-term bias remains cautious to bearish. Selective accumulation may be considered only if key support zones hold and buying interest re-emerges.”
Support: 81,000 – 81,100
Resistance: 82,000 – 82,100
The 81,000–81,100 zone is emerging as a crucial support area where dip-buying may appear. On the upside, 82,000–82,100 is expected to act as a strong resistance, where profit booking could limit further upside.
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SEBI Registration Number: INH000020022.