Markets Watchful: Nifty and Sensex Navigate Global Trade Headwinds and Q3 Results

Indian benchmark indices Nifty 50 and Sensex are likely to see a negative opening today, January 19, as global markets remain jittery following US President Donald Trump’s latest tariff warnings against Europe over Greenland. The Gift Nifty traded around 25,571, nearly 180 points below the previous close, signaling a gap-down start.

Last week, Nifty 50 gained a modest 0.04%, forming a Doji candle on the weekly chart, which reflects growing indecision among market participants. Analysts expect volatility to persist as investors weigh global trade tensions alongside domestic earnings reports.

Key Highlights

• Global Pressure: Trump’s tariff threats have rattled European markets, spilling over into Asian equities.
• Gift Nifty Signal: Trading at a discount of ~180 points, indicating a weak start for Nifty.
• Technical View: Nifty’s Doji candle suggests indecision; traders may adopt cautious positions.
• Domestic Drivers: Q3 earnings from major firms like Reliance, HDFC Bank, and ICICI Bank will be closely watched.
• Sectoral Impact: Export oriented sectors may remain under pressure amid tariff uncertainty.

Overall, Indian equities are expected to remain volatile, with global trade concerns and corporate earnings shaping investor sentiment.

Sources: Livemint, Outlook Money, Moneycontrol