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The daily chart continues to display a negative pattern with lower tops and bottoms, indicating a potentially further downward trend. The current upside bounce could lead to another lower-top formation in the short term. If Nifty moves higher, it could face a strong resistance at the recent down gap from January 13 around the 23,350 levels. According to Nagaraj Shetti of HDFC Securities, the near-term trend remains weak, and the bounce could present a sell-on-rise opportunity near 23,350, with immediate support at 23,050 levels.

Stallion India Fluorochemicals has set a price band of Rs 85-90 per share for its IPO launching on January 16, targeting Rs 199.45 crore at the upper end. The IPO includes a fresh issue and an OFS by promoter Shazad Sheriar Rustomji. Funds will support working capital, new facilities, and general corporate purposes. The company reported Rs 14.

The dollar reached near its strongest level in over two years as economic data led investors to reduce expectations for Federal Reserve rate cuts. Traders await U.S. inflation data amid tariff concerns. Treasury yields and the euro experienced fluctuations, with market attention on upcoming policy decisions and economic indicators.

Indian markets rebounded on Tuesday, with the Sensex gaining over 160 points and Nifty50 surpassing 23,100. Momentum, PSU, and metal stocks led gains, while FMCG and IT lagged.

The rupee appreciated 21 paise to 86.49 against the US dollar, supported by easing inflation and crude oil prices. Despite ongoing foreign fund outflows, domestic equity markets showed recovery. The rupee previously hit its lowest level, influenced by the strong dollar and global market trends.

The Nifty Realty index was trading 1.31 per cent at 912.80.

​Sandeep Tandon stays bullish on energy and utility stocks, despite a 20-25% correction in largecap energy names. He expects strong performance in these sectors until 2030-2032.

Punjab & Sind Bank, Indian Overseas Bank, UCO Bank, Central Bank, and Bank of Maharashtra have received approval to raise Rs 2,000 crore each, with fund-raising starting in small tranches from Q4, ET Now reported. Additionally, the government has directed DIPAM to divest stakes in five PSU banks through the offer-for-sale route.

Ixigo initially leveraged its platform to successfully cross-sell flight and bus ticketing services to its existing lower-tier customer base. This strategy has proven highly effective, with nearly 94% of transactions on their app originating from or destined for lower-tier cities. As a result, Ixigo now enjoys the highest monthly active user traffic among all domestic online travel agencies, solidifying its position in the market.