Indian equity markets continued their upward momentum on January 16, 2026, with the Nifty 50 up 0.50%, Sensex rising 0.54%, and the Nifty IT index surging 2.75%. Gains were driven by strong IT earnings, easing crude prices, and optimism around trade negotiations, keeping investor sentiment buoyant across sectors.
Indian benchmark indices extended gains in Friday’s session, reflecting positive investor sentiment amid global and domestic cues. The Nifty 50 climbed 0.50%, while the BSE Sensex advanced 0.54%. The standout performer was the Nifty IT index, which surged 2.75% following robust quarterly results from leading technology firms.
Analysts noted that easing crude oil prices and optimism surrounding an India-EU trade deal added to the bullish momentum. Broader indices also mirrored the trend, with midcaps and smallcaps posting modest gains.
Key Highlights
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Nifty 50: Up 0.50%, trading above 25,700.
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BSE Sensex: Gained 0.54%, crossing 83,600.
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Nifty IT Index: Jumped 2.75%, led by Infosys and Wipro after strong earnings.
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Sectoral Trends: Realty and financials posted gains; metals and pharma saw mild declines.
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Global Context: Lower crude prices and stable global cues supported investor confidence.
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Outlook: Analysts expect range-bound movement ahead of Budget 2026, with IT and banking stocks likely to lead momentum.
This rally underscores resilience in Indian equities, with IT stocks driving optimism and broader indices maintaining steady growth.
Sources: The Hindu Business Line, Zee News, Times of India, Economic Times, ET Now News