Market Outlook for 19 January 2026

The NIFTY 50 closed higher by 28.75 points (0.11%) at 25,694.35, supported by strong gains in IT heavyweights. INFY (+5.58%), TECHM (+5.26%), WIPRO (+2.54%), HCLTECH (+2.41%), and TCS (+2.34%) led the upside. Additional support came from SHRIRAMFIN (+1.62%), TATACONSUM (+1.42%), SBIN (+1.19%), and ULTRACEMCO (+1.00%). However, gains were capped by losses in select heavyweights such as ETERNAL (-3.76%), JIOFIN (-3.15%), CIPLA (-2.54%), HINDALCO (-2.44%), and ASIANPAINT (-2.03%). Market breadth remained negative, with 22 advances against 28 declines.

The NIFTY 50 opened at 25,696.05, touched a low of 25,662.40, hit a high of 25,873.50, and closed at 25,694.35, up 28.75 points (0.11%). The index opened on a positive note and witnessed early gains, supported by a strong rally in IT stocks after Infosys raised its revenue growth guidance, snapping the recent losing streak. However, profit booking towards the close capped the upside, resulting in marginal gains. Technically, momentum remains cautious, with the RSI hovering near the 40 mark, indicating a tentative recovery. Near-term support levels are at 25,480/25,348, and resistance levels are at 25,904/26,036.

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Nifty Ends a Volatile Day With a Modest Gain

Bank Nifty Commentary for 19 January 2026

The NIFTY BANK closed higher by 515.00 points (0.86%) at 60,095.15, supported by strong buying in banking stocks. FEDERALBNK (+9.68%), AUBANK (+4.71%), PNB (+2.81%), YESBANK (+2.18%), and CANBK (+2.04%) led the gains. Heavyweight stocks such as SBIN (+1.19%) and HDFCBANK (+0.55%) provided additional support. On the downside, UNIONBANK (-1.77%), KOTAKBANK (-0.55%), ICICIBANK (-0.38%), and AXISBANK (-0.22%) were the key laggards. Market breadth remained positive, with 10 advances against 4 declines.

The NIFTY BANK opened at 59,590.35, touched a low of 59,510.50, hit a high of 60,235.15, and closed at 60,095.15, up 515.00 points (0.86%). The index opened on a firm note and witnessed steady buying through the session. It continues to trade above its 20-day EMA, indicating a positive short-term trend, with the RSI rising sharply above 60, reflecting strengthening bullish momentum. Near-term support levels are at 59,694/59,446, and resistance levels are at 60,496/60,744.

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES closed marginally higher by 21.75 points (0.08%) at 27,523.15, supported by selective buying across financial stocks. SHRIRAMFIN (+1.62%), ICICIPRULI (+1.30%), SBIN (+1.19%), ICICIGI (+1.14%), and PFC (+0.71%) led the gains. Other gainers included SBILIFE (+0.57%), HDFCBANK (+0.55%), RECLTD (+0.55%), BAJFINANCE (+0.53%), and CHOLAFIN (+0.53%). On the downside, JIOFIN (-3.15%), HDFCLIFE (-1.31%), BSE (-1.20%), SBICARD (-0.89%), and LICHSGFIN (-0.63%) were the key laggards. Market breadth was slightly positive, with 11 advances against 9 declines. Near-term support levels are at 27,341/27,226, and resistance levels are at 27,716/27,831.

The BSE SENSEX closed higher by 187.64 points (0.23%) at 83,570.35, supported by strong gains in IT stocks. INFY (+5.65%), TECHM (+5.17%), and HCLTECH (+1.82%) led the rally. Gains were supported by SBIN (+1.36%), ULTRACEMCO (+0.94%), TCS (+0.45%), M&M (+0.29%), HINDUNILVR (+0.16%), and BAJAJFINSV (+0.06%). Notably, ETERNAL (-3.89%), ASIANPAINT (-2.08%), BEL (-1.85%), SUNPHARMA (-1.84%), and MARUTI (-1.78%) weighed on the index. Market breadth remained negative, with 11 advances against 19 declines. Near-term support levels are at 82,843/82,402, and resistance levels are at 84,269/84,711.

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: