Here is the Daily Wrap from the Markets for 20th and 21st January,2026, where we take a look at key headlines from the Financial Markets across the globe, including rising global demand for safer-haven assets and Indian Rupee hitting record low against the USD, among others. Alongside, we look at how the Indian Equity Markets performed over these 2 days–broader and sector-wise, as well as the institutional trading activity.
Read through to find out…

DAILY WRAP

The Indian Equity Markets extended losses for a 3rd consecutive session on Wednesday, after ending more than 1% lower amid sustained FII selling pressure, mixed quarterly earnings and concerns over global trade tensions on Tuesday, leading to a market cap loss of about Rs 10-lakh crore. Nifty slipped to near 25450 mark intraday, intensifying focus on whether key support levels can hold amid a risk-off backdrop. Global cues remained unsupportive on Tuesday, while Asian Markets traded lower amid rising bond yields in Japan and a sharp sell-off in Japanese government debt. More than 700 stocks hit 52-week low including Aditya Birla Real Estate, Zee Entertainment, NCC, among others on Tuesday.

While on Wednesday, the overnight cues from US added to the downward pressure, as Wall Street logged its biggest one-day fall in nearly three months. Crude oil prices, meanwhile, slipped amid geopolitical uncertainty and expectations of higher US inventories. Value buying in select stocks helped the index recover from the day’s low while broader indices underperformed the benchmarks.

Finance Flashcards Newsroom

TOP HEADLINES

• Deepinder Goyal resigns as Eternal CEO with effect from 1st Feb., Blinkit’s Albinder Dhindsa to take over

Deepinder Goyal, founder and group CEO of Eternal, will be stepping down from his position and Blinkit’s CEO Albinder Dhindsa will take over, the company informed the exchanges on January 21. In a letter to shareholders, subject to shareholders’ approval, he will remain on the board of directors as Vice Chairman. Goyal said, “Today, I am going to step away from the Group CEO role, and subject to shareholders’ approval, will remain on the board of directors as Vice Chairman. Albinder Dhindsa (Albi) will be Eternal’s new Group CEO”. However, he allayed concerns over the transition and the change in title, asserting he will continue to oversee operations. His fortunes will be largely tied to Eternal’s financial performance.

As per an exclusive report in Moneycontrol, Deepinder Goyal is likely to lead a new funding in Pixxel, a space-tech company, by investing around $25M personally.

• Gold and Silver soar to record high levels amid Global buying rush

Extending the record-breaking rally, gold prices surged to record high near Rs 1.60 lakh per 10 grams in national capital on Wednesday while Silver too scaled fresh peak of Rs 3.34 lakh per kg amid global chase for safer haven assets. According to Saumil Gandhi, Senior Analyst-Commodities at HDFC Securities, both metals traded at noticeable premium due to tight supply conditions, robust investment demand, and a weaker rupee. While as per a report in Deccan Herald, the rally in bullion prices is driven by ongoing geopolitical rifts and economic headwinds, which are fuelling the demand for safe-haven assets.

• Wall Street futures decline up to 2% amid Trump tariffs threat

Wall Street futures fell sharply on Tuesday as US President Donald Trump’s renewed tariff threats against European allies over Greenland revived concerns around a potential ‘Sell America’ trade. Around 17:00 IST, Nasdaq 100 futures were down up to 2 percent, S&P 500 futures slipped 1.5 percent, while Dow Jones Industrial Average futures fell 1.4 percent, indicating a weak start for US equities. The investors await a likely Supreme Court decision on the legality of Trump-era tariffs, as per a report in Moneycontrol. Even the dollar slipped to a one-week low after comments from White House on Greenland’s future.

EQUITY MARKET RECAP

INDIAN INDICES

As on 21th January,2026 at 16:00IST

GLOBAL MARKETS

INDIAN MARKET WRAP

• Indices

On Tuesday, Sensex tumbled 1,065.71 points, or 1.28 percent to settle at 82,180.47 while Nifty tanked 353 points, or 1.38 percent to end at 25,232.50, marking its steepest single day decline since April 7, 2025. Small and Midcap indices underperformed the benchmarks, falling by ~3% with Nifty Smallcap 100 extending losses for the fourth consecutive session while BSE Midcap and Smallcap indices too falling over 2 percent each.

While the losses extended today, with all broader indices ending lower including Nifty Midcap and Smallcap 100 losing around 1%.

• Sector and Stock Movement

Sector-wise, PSU bank index declined more than 1 percent amid broad-based selling with Central Bank of India and Punjab & Sind Bank among the key laggards, declining up to 3 percent. While Realty crashed by more than 5%, auto, IT, media, metal, pharma, oil & gas, consumer durables fell 1.5-2.5 percent as all sectoral indices ended in the red. Biggest Nifty losers were Eternal, Bajaj Finance, Coal India, Adani Enterprises, Jio Financial, while gainers included Tata Consumer Products, Dr Reddy’s Lab and HDFC Bank.

While on Wednesday, except for metal and oil & gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty and PSU banks declining between 0.5-1 percent. On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco and JSW Steel featured among the gainers.

• Institutional Trading Activity

Foreign Institutional Investors (FIIs/FPIs) continued to remain net sellers of Indian equities on Tuesday, offloading worth Rs 2,938 crore of shares on 20th January. While Domestic Institutional Investors (DIIs) net bought Rs 3,666 crores, as per provisional data on exchange.

While on Wednesday, FIIs/FPIs net sold Rs 1788 crore worth of Indian equities, while DIIs net bought shares worth Rs 4520 crore.

Thanks for reading our Daily Wrap on the Markets. Until next time..