**Indian Market Brief — Monday, January 26, 2026** **Market Status: Holiday Closure** Indian equity markets (NSE and BSE) are closed today in observance of Republic Day. There will be no trading in the equity, derivative, or currency segments. Commodity markets will remain closed for the morning session but will open for the evening session at **5:00 PM IST**. Trading across all equity segments resumes tomorrow, **Tuesday, January 27, 2026**. **Previous Session Recap (Friday, Jan 23)** Markets ended the week on a bearish note, witnessing a sharp sell-off due to weak Q3 earnings and sustained foreign outflows. * **Sensex:** Closed at **81,537.70**, down **769.67 points** (**-0.94%**). * **Nifty 50:** Settled at **25,048.65**, falling **241.25 points** (**-0.95%**). * **Bank Nifty:** Ended lower at **58,473.10**. Broader markets underperformed significantly, with the BSE Smallcap index plunging **2.19%** and the Midcap index sliding **1.56%**. **Key Drivers & Sector Action** * **Sector Lagards:** Selling pressure was widespread. Realty, PSU Banks, and Metals dragged the indices lower. * **Stock Movers:** **Tech Mahindra**, **Hindustan Unilever**, and **Infosys** were among the few gainers, providing slight support. Conversely, **Adani Ports**, **Axis Bank**, and **Bajaj Finserv** were major draggers. * **Earnings Impact:** **IndiGo** shares remained volatile after reporting a **78%** drop in Q3 profit, while **Home First Finance** surged over **6%** on strong results. **Institutional Activity** Foreign investors continued their selling spree, while domestic funds offered support. * **FIIs (Foreign Institutional Investors):** Net sellers of **₹2,549.80 crore**. * **DIIs (Domestic Institutional Investors):** Net buyers of **₹4,222.98 crore**. **Global Cues** Global sentiment remains mixed as Indian markets take a pause. * **US Markets:** Wall Street closed higher on Friday. The **S&P 500** gained **0.6%** and the tech-heavy **Nasdaq** rose **0.9%**, despite **Intel** crashing **17%** on weak guidance. * **Asian Markets:** Trading is active in major Asian hubs today, with trends largely following the positive handover from the US session. **Outlook for Tuesday** When trading resumes on **January 27**, market participants will react to global cues accumulated over the long weekend. Key focus areas remain the ongoing **Q3 earnings season** and positioning ahead of the **Union Budget** in February. Volatility is expected to remain high with the Nifty testing critical support near the **25,000** mark.