According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, FPIs not only continued their selling spree in the week ended January 23 but also intensified it. The sustained outflows have wiped off Rs 16 trillion in market capitalisation for the week alone, contributing to a 2.5% decline in the Nifty index.
Markets experienced a sharp corrective move, with Nifty ending lower after a volatile week and breaking below key technical levels. India VIX surged, signaling increased risk perception. Despite a potential technical rebound due to oversold conditions, volatility is expected to remain elevated, especially with F&O expiry.
Adani Group companies clarified via stock exchange filings that they are not parties to any US SEC legal proceedings. Reports indicated the SEC sought court approval to serve summons to Gautam Adani and Sagar Adani via email after Indian authorities denied previous requests. The group reiterated no allegations are against the company.
Venues that have installed Auracast in recent months include the Marriott Theatre in Lincolnshire, Metropolis Performing Arts Centre in Arlington Heights and a church in Woodstock. Chicagos Goodman Theatre hopes to launch the technology later this month.
Despite the decline in overall portfolio value during FY26, stock-level performance remains encouraging. More than half of the holdings delivered positive returns, with 11 stocks surging between 25% and 90% within a span of less than 10 months in FY26.
Indian equity markets closed the week on a subdued note, impacted by profit-booking and foreign investor outflows. Global trade concerns and domestic earnings disappointments weighed on sentiment. Analysts suggest caution ahead of the Budget, with Nifty facing resistance and broader markets showing weakness. PSU banks are outperforming private peers.
ICICI Prudential Mutual Fund is grandfathering two of its fund of funds, the Passive Multi-Asset Fund of Fund and Global Advantage Fund, from January 27, 2026. This allows them to continue with existing investment objectives. However, new subscriptions via lump sum or fresh SIPs/STPs will cease. Existing plans will be discontinued by February 5, 2026, with redemptions unaffected.
Kotak Mahindra Bank has announced a solid financial performance for the third quarter of fiscal year 2026. The private lender saw its standalone net profit climb 4% year-on-year to Rs 3,446 crore. This growth was supported by a 5% rise in net interest income, reaching Rs 7,565 crore, indicating a healthy expansion in its core lending operations.
Ultratech Cement has announced strong financial results for the third quarter of FY26. The company's profit after tax saw a significant 32% year-on-year increase, reaching Rs 1,792 crore. Net sales also climbed by 22.5% year-on-year to Rs 21,506 crore. These figures exclude the impact of the New Labour Code.
Indian stock markets closed 2025 with caution amid global worries and investor outflows. However, strong domestic fundamentals offer a positive long-term view. For 2026, expect a range-bound market led by large caps. Investors should maintain a balanced portfolio with a large-cap focus. Gold and silver show promising outlooks for the coming year.
