The Indian equity markets closed lower in a volatile session marked by profit-taking, FII outflows, and caution over global cues including US policy developments. Overall sentiment remained cautious to bearish, with early gains erased amid mixed Q3 earnings and uncertainties related to geopolitics and trade. Key themes revolved around IT sector weakness, energy resilience, banking sector stability, and international influences from US financial policy debates.

Markets anticipate a mildly positive start on January 13, 2026, supported by strong global cues as the Q3 earnings season gains momentum.

Key Themes & Picks

• GIFT Nifty signals a firm opening, supported by strong global gains.

• Q3 earnings season kicks off with mixed reactions to TCS results.

• Focus shifts to stock-specific opportunities in paints, banking, and IT.

• Key picks: Asian Paints and HCL Technologies highlighted for potential upside.

• Nifty resistance near 26,000 may cap gains amid earnings volatility.

The Indian markets staged a bullish recovery on January 12, snapping a five-day losing streak amid optimism over resumed US-India trade talks and strong IT earnings kickoff. Overall sentiment turned positive, driven by gains in metals and banking sectors, though IT results showed mixed profits due to exceptional charges. Key themes included corporate earnings, foreign investment flows, and global trade cues pressuring consumer giants.