Pre-Market Report: Nifty, Sensex Up 0.5% as VIX Eases
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- Last Updated: 23 Jan 2026 at 8:38 AM IST
On Thursday, January 22, 2026, the Indian markets saw a mild recovery after three consecutive sessions of decline. Both benchmark indices saw a rebound of about 0.5%, supported by improving global cues and a moderation in market volatility.
Investor confidence improved partly due to the US President softening his stance on trade and stepping back from earlier tariff threats against European nations, which helped reduce global uncertainty and supported risk sentiment across equity markets.
Foreign institutional investors remained net sellers during the session. FIIs sold equities worth ₹2,549.80 crore in the cash market on January 22. On the other hand, domestic institutional investors offered support, with net purchases of ₹4,222.98 crore.
Yesterday’s Market Recap
The majority of sectors closed in the positive zone, indicating strong buying confidence. Sectoral indexes increased today, with PSU banks, IT, metal, and pharmaceutical companies leading the gains.
The recovery was also shared by the broader market. Both the Nifty MidCap and Nifty SmallCap indexes surged by over 1%.
Nifty 50 | 25,289.90 | +0.53% |
Sensex | 82,307.37 | +0.49% |
*As of January 22, 2026
Among individual stocks, Bharat Electronics, Tata Steel, and Adani Ports were among the notable gainers. Eternal, Titan, and ICICI Bank ended the session lower.
Earnings-related developments drove stock-specific moves. More than 50 companies were scheduled to announce quarterly results. Big names like Adani Energy Solutions reported an 8% decline in net profit, while Bandhan Bank also posted weaker numbers YoY. In contrast, Radico Khaitan reported a 62% jump in profit, and Indian Bank posted a 7.3% year-on-year increase.
Global Cues: What Do They Signal?
Global sentiment lifted this week after signs emerged that US-Europe trade tensions might be easing.
India and other developing markets got a boost from the softer tariff stance, which has helped stabilise riskier assets that took a beating in recent weeks.
Investors are also watching potential EU-India trade talks closely. Despite choppy conditions across global markets, these negotiations continue drawing attention from those looking at longer-term plays in the region.
Currency and commodity traders, meanwhile, aren't letting their guard down. Both markets remained sensitive. On the other hand, the rupee's volatility continues to be a significant macro issue for Indian markets.
Technical Levels to Track
In order to determine the near-term direction, market participants are keeping an eye on important support levels. With a stronger base around 24,800–24,900, the Nifty 50 might find support in the 25,000–25,150 range in the near term.
For Bank Nifty, immediate support is seen in the 58,500–58,650 range, while a stronger support zone lies between 58,275–58,425.
These levels are expected to guide short-term market direction as traders assess follow-through buying after the recent rebound.
What To Expect In Today's Market?
Although recent sessions have been volatile, some signs point towards stabilisation. The India VIX stood at around 13.35 (-3.12%) on January 22, which is considered moderate and indicates that fear levels have eased compared to the recent spike.
Trading is expected to remain stock-specific, with earnings announcements and global macroeconomic cues shaping intraday movements. Investors are likely to focus on companies delivering strong results and stable outlooks, while weaker earnings may continue to face selling pressure.
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