The week ahead promises intense action on D-Street packed with domestic events, primary market buzz, corporate action, and some major global cues, which will keep investors busy as Indian equities navigate the first few weeks of 2026 with caution amid new geopolitical tensions. The ongoing December quarter results and listings will drive stock-specific action, while the US Federal Reserve policy verdict and the Economic Survey 2026 will be analysed for sector-specific trades.

The progress on India-US trade deal negotiations and Trump tariff rates are likely to influence movement in the domestic market this week. The India Energy Week 2026, to be conducted between Jan. 27-30, will reshape the global energy dialogue, according to India Inc experts. Trading activity of foreign investors would also influence the overall market trend.

ALSO READ: Stock Market Crash: Nifty Falls Near 25,000, Sensex Down Over 800 Points – Key Drivers Behind Decline

”Market direction in the coming week is likely to be driven by global macroeconomic signals and domestic fiscal expectations. Investors will closely track guidance from the Fed on the trajectory of interest rate cuts, while positioning may be influenced by anticipation surrounding the Union Budget, particularly any measures aimed at easing external trade pressures and supporting capital flows,” said Vinod Nair, Head of Research, Geojit Investments Limited.

”With the Q3 earnings season still underway, stock-specific movements are expected to remain prominent. Overall sentiment is likely to stay cautious, shaped by global developments, currency trends, and earnings outcomes, with selective opportunities emerging in segments supported by resilient domestic demand,” added Nair. Investors will also track rupee’s movement against the dollar.
 

Nifty bears drag index near 25,000 levels, Sensex ends 700 points down; RIL, Eternal top drags

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Markets on Home Turf

Domestic equity benchmarks Sensex and Nifty witnessed widespread selloff and settled 1% lower on Friday, weighed down by widespread sell-off and the rupee hitting a record low against the US dollar. Besides, investors rushing to safe-haven assets and unabated foreign capital outflows in the absence of domestic triggers dampened investor confidence, traders said.

On a weekly basis, the BSE Sensex tumbled by 2,032.65 points, or 2.43%. The broader NSE Nifty also slumped by 645.7 points, or 2.51%. The rupee hit an all-time low of 92 on Friday and recovered marginally to provisionally settle at 91.88 against the dollar. Gold and silver prices rallied in global markets over Fed rate cut expectations.

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Q3 Results This Week

D-Street will respond to the blue-chip firms that declared their Q3 results in the weekend, such as Kotak Mahindra Bank, UltraTech Cement, and others. Starting from Jan. 26, a slew of companies will declare December quarter results during the week including Axis Bank, Asian Paints, Metro Brands, Maruti Suzuki India, Raymond, among several others.

US Federal Reserve

Jerome Powell-led US Federal Reserve will announce its upcoming monetary policy decision on Jan. 28, 2025, amid Wall Street’s expectations of a pause on the federal funds range. Notably, US President Donald Trump will likely announce the name of the next Fed Chairman this week, who will succeed Powell in May 2026, after the end of his term.

Economic Survey, Budget 2026, Auto Sales

The Economic Survey 2026-27 is scheduled to be tabled in Parliament on January 29, 2026, at 11 AM during the Budget Session. Finance Minister Nirmala Sitharaman will unveil Union Budget 2026 on Sunday, Feb. 1, 2026. Due to the presentation of the budget, the Indian stock market will remain open for regular trading on Feb. 1.

Also, leading automakers will also delcare their monthly sales numbers on Feb. 1, which will trigger stock-specific action.

ALSO READ: Davos 2026: Geopolitics Or AI? RPG’s Anant Goenka Outlines India Inc’s Theme For 2026

Corporate Action & Primary Market

Several stocks such as Wipro, Persistent Systems, SRF, Jindal Stainless, Coforge, Mastek, among others will trade ex-dividend this week. The primary market also promises heated action as five new public issues will open for subscription in the mainboard segment, while three companies will get listed on BSE, NSE, after the conclusion of their IPO windows.

Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri during the Curtain Raiser Press Conference on IEW 2026, on Friday, January 23, 2026. Photo credit: PIB

Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri during the Curtain Raiser Press Conference on IEW 2026, on Friday, January 23, 2026. Photo credit: PIB

New Delhi:

Nuclear power will be part of all energy discussions as its commercialisation has not happened yet, largely in the Indian context, even though the country signed a treaty with the US, Union Oil Minister Hardeep Singh Puri said on Tuesday.

This assumes significance in view of Prime Minister Narendra Modi’s visit to the US later this week where he will meet US President Donald Trump and have discussion on a series of subjects, including energy.

Earlier on Monday during a presser on India Energy Week 2025, which began here on Tuesday, Hardeep Puri had said, “I will be surprised if sourcing of energy from the US does not figure in the discussions (of PM and Trump).” Hardeep Puri had also stated that with President (Trump) saying he wants to see global energy prices coming down, he wants more and more energy to come to the market. For countries like India it is a positive development, he said.

During ministerial panel discussion at IEW25, Hardeep Puri stated, “Nuclear (power) provides an efficient cost-effective thing but you have to go to a particular route and I’m sure that this is going to be a discussion point in major wherever such discussions take place. I see that happening.” About the commercial expansion of nuclear power, the minister stated, “We had signed an India-US civilian nuclear energy deal. We had an India-specific IAEA safeguards agreement but somehow the commercial contracting never took place… But now we’re talking about small modular reactors.” Earlier this month in her Budget speech, Finance Minister Nirmala Sitharaman announced a Rs 20,000-crore nuclear mission with an aim of developing at least 100GW of nuclear energy by 2047.

She had said that for an active partnership with the private sector to meet this goal, amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act will be taken up, she informed the House.

A Nuclear Energy Mission for research & development of Small Modular Reactors (SMR) with an outlay of Rs 20,000 crore will be set up.

At least five indigenously developed SMRs will be operationalised by 2033.

Talking about the Trump administration, Hardeep Puri recalled that during his last term as India’s permanent representative to the United Nations in New York he had the “great privilege of knowing Trump when he was not the President”.

“I have the privilege of living in the Trump Tower. He used to visit us every year to have the annual get together of the residents of World Trump Tower. I was the minister in waiting when he came here for first official visit. So I have watched the unfolding events with more than a sense of interest,” he said.

He also pointed out that we live in an interdependent world and 50 per cent of our(India’s) GDP is in the external sector.

The new aspect of (US) adminstration is music to my ears when it says that more energy should come in the market, he stated.

More energy means that prices should come down for a country like India, which is both consumer and producer, he said.

There has never been shortage of energy in the world, he said, adding that there is something called energy poverty.

There are 1.18 billion people who are energy poor. There are 750 million who are lacking electricity and 2 billion with clean cooking solutions.

“I think we can solve that problem easily. That problem should be resolve quickly,” he suggested.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Prime Minister Narendra Modi during the inauguration of the India Energy Week 2024, on February 6, 2024.
| Photo Credit: PTI

Prime Minister Narendra Modi on Tuesday said India was working on the development of environmentally friendly energy sources to enhance its energy mix. He was delivering the inaugural address at the second edition of India Energy Week (IEW) in the presence of Indian and global audience. 

The IEW 2024 is being held from February 6 to 9 in Goa, and is India’s largest and only all-encompassing energy exhibition and conference, bringing together the entire energy value chain, and is expected to serve as a catalyst for India’s energy transition. 

Also read | Fired up and plugged in – Driving India’s energy security and decarbonisation this decade

Mr. Modi said as India was poised to be 3rd largest economy in the world, the energy sector would play a crucial role in India’s growth story.

He said the India’s energy demand would double by 2045; keeping that in mind the country had started working on developing affordable and sustainable energy. 

Highlighting the need for affordable fuel, Mr. Modi said that despite adverse global factors, India was among the few nations where petrol prices had come down and 100% coverage was achieved by electrifying crores of houses. 

“India is not just meeting its needs but is also determining the global direction,” Mr. Modi said. 

Stating that India had embarked on an unprecedented infrastructure push, he mentioned that ₹11 lakh crore had been earmarked for this by the recently tabled interim budget.

“A big part of this will go to the energy sector. This amount will create assets in railways, roadways, waterways, airways, and housing which will need energy leading to India’s efforts to expand its energy capacity,” he said. 

Mr. Modi said the country was making efforts to take the percentage of domestic gas in the primary energy mix from six to 15%. “This would see an investment of about $67 billion in the next five to six years,” he said.

Touching upon the Global BioFuel Alliance which was unveiled during G20 Summit held in India, he said 22 nations and 12 international organisations had come onboard to encourage the use of biofuels in the world, and this would create economic opportunities worth $500 billion.

Emphasising India’s progress in the biofuel sector, Mr. Modi said ethanol blending in per litre of petrol had witnessed a significant rise from 1.5% in 2014 to 12% in 2023 leading to a reduction in carbon emissions by about 42 million metric tons.

“Government has set a target of 20% ethanol blending in petrol by 2025”, he said. 

Recalling the initiation of 20% ethanol blending in more than 80 retail outlets during India Energy Week last year, he said the number of outlets had now increased to 9,000. 

He said the Government was working towards the installation of 5,000 compressed biogas plants in India.

On India’s seriousness to facilitate the transition he said, “despite being home to 17% of the world’s population, India’s Carbon Emission Share is only 4% but are committed to further improving our energy mix by focusing on the development of environmentally sensitive energy sources.” 

He said India now ranks fourth in the world in Renewable Energy Installed Capacity and 40% of India’s installed capacity comes from non-fossil fuels. 

“In the past decade, India’s Solar Energy Installed Capacity has grown by more than 20 times. The campaign to connect with Solar Energy is gaining momentum in India,” he said. 

He urged international investors to invest in the solar energy value chain. 

Highlighting the importance of National Green Hydrogen Mission, he said it would pave the way for India becoming a center of hydrogen production and export. “India’s green energy sector can make both investors and industries a sure shot winner,” he said. 

Mr. Modi said India Energy Week event was not just India’s event but a reflection of ‘India with the world and India for the world’ sentiment.”

(This writer is in Goa at the invitation of Federation of Indian Petroleum Industry.)