Closing Bell: Markets rebound after three-day slide: Sensex jumps 398 pts, Nifty reclaims 25,289

After three consecutive sessions of losses, Indian equity benchmarks staged a sharp rebound on Thursday, snapping the losing streak.

The BSE Sensex rose 397.74 points, or 0.49 per cent, to close at 82,307.37, while the Nifty 50 gained 132.40 points, or 0.53 per cent, to settle at 25,289.90.

Top Gainers and Losers

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The Sensex gainers were led by BEL, Adani Ports, Tata Steel and SBI, while most index heavyweights traded in positive territory. Broader markets outperformed, with Nifty Midcap and Smallcap indices rising to 1.5 per cent.

Sectorally, Nifty Media, PSU Bank, Pharma, FMCG and Metal indices led the gains, while Realty and Consumer Durables ended lower. Nifty Bank rose 0.68 per cent to 59,200, supported by gains in IDFC First Bank, Canara Bank, Federal Bank and SBI.

Bank Nifty outlook: Anil Singhvi

Market expert Anil Singhvi said Bank Nifty continues to remain strong as long as it holds above the 58,700 level on a closing basis. “Till Bank Nifty closes below 58,700, the index remains very strong,” Singhvi said.

He added that the 59,575–59,775 zone is likely to act as a resistance range in the near term. Singhvi said repeated failure to break below support levels indicates underlying strength, while any close below 58,700 could lead to mild weakness, turning the trend neutral in the short term.

What Anil Singhvi Said?

Indian equity markets have struggled to sustain rallies in recent sessions due to continued foreign institutional investor (FII) selling and weak market sentiment, market expert Anil Singhvi said.

Singhvi said FII selling has remained persistent over the past several sessions, irrespective of positive or negative news flow. “FIIs have been selling continuously for the last 12 days. They sell on good news and sell on bad news,” he said.

He said even when FIIs reduce selling marginally on some days, it does not signal a trend reversal. “This does not mean they have stopped selling. Selling pressure is still there,” Singhvi said.

Singhvi said market sentiment remains fragile, with limited appetite for long-term buying. “There is no mood for investment buying. Whatever is coming is largely for short-term trading,” he said, adding that investors prefer to book profits quickly on small rallies.

He said markets are also failing to hold higher levels after gap-up openings. “Every time the market opens higher, selling emerges. The market fails to close above the previous day’s high, which is necessary to build momentum,” Singhvi said.

Singhvi added that uncertainty around global cues, particularly statements from US President Donald Trump, has added to volatility. “There is no confidence in the trigger that is driving the rally. That uncertainty keeps fear alive in the market,” he said.

On the broader trend, Singhvi said repeated selling at higher levels has led to markets slipping back each time. “Investors prefer to lighten positions on rallies, which is why the market is unable to sustain gains,” he said.

As of 22 January 2026, a total of 3,267 stocks were traded on the market. Among them, 2,344 stocks advanced, 849 declined, and 74 remained unchanged, on NSE.

Thirty-six stocks reached their 52-week high, while 192 hit their 52-week low. On the NSE, 99 stocks were in the upper circuit and 66 in the lower circuit. The total market capitalisation stood at Rs 456.22 lakh crore.