What is the story about?
Sensex prediction for Monday, January 19: The Indian stock market witnessed selling pressure on Friday, January 16, 2026, with NSE Nifty50 slipping below
the 25,700 mark, and BSE Sensex closing marginally higher, after shedding close to 600 points from the day's high. The market sentiment was driven by a sharp jump in Infosys after the company raised its revenue growth guidance for FY26. Besides, optimism about Q3 earnings and renewed India-US trade discussions, despite caution due to increasing geopolitical tensions, buoyed the stock market last week. Profit-booking in pharma, consumer durables, and autos weighed on indices during the week, while PSU banks and metals outperformed.
Stock market on Friday, Jan 16: Sensex, Nifty at close
After two days of losses, the 30-share BSE Sensex climbed 187.64 points, or 0.23 per cent, to settle at 83,570.35. During the day, it jumped 752.26 points, or 0.90 per cent, to 84,134.97. It dipped 0.01 per cent during the week.
On the other hand, the 50-share NSE Nifty settled at 25,694.35, up 29 points, or 0.11 per cent. Nifty added 0.04 per cent during the week.
Rupee weakened sharply by 48 paise to 90.82, extending losses.
Sensex gainers and losers on Friday
From the 30-Sensex firms, Infosys jumped 5.67 per cent after the Bengaluru-headquartered firm saw its revenue from operations grow by 8.9 per cent to Rs 45,479 crore in the third quarter of the current fiscal from Rs 41,764 crore in the year-ago period.
The company has raised its revenue growth guidance for FY26 to 3-3.5 per cent in constant currency from 2-3 per cent earlier.
Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement and HDFC Bank were also among the gainers.
In contrast, Eternal, Asian Paints, Bharat Electronics, Sun Pharma and Maruti were among the laggards.
Sensex prediction for Monday, January 19
Following a resilient performance on Friday, January 16, where the BSE Sensex closed at 83,570.35 (up approximately 188 points), the stock market enters the new week with a constructive bias, according to Hitesh Tailor, Technical Research Analyst at Choice Broking.
The rebound, fuelled by stellar IT earnings—specifically from Infosys—has effectively neutralised recent sluggishness, setting the stage for Monday’s opening, the analyst stressed.
"On 16th January 2026, the BSE Sensex ended on a positive note at around 83,570.35, rising by roughly 187–190 points. The recovery was driven by strength in IT stocks and upbeat earnings cues—especially from Infosys—which lifted overall investor sentiment and supported a broad-based rebound in the market,” Tailor noted.
The market analyst stated, “The session witnessed the index rebound from its intraday lows and hold on to gains for most of the day, supported by broad-based strength across key sectors such as IT, banking, and financials, effectively breaking the recent sluggish trend. Although gains were partially capped near intraday highs due to profit booking in select defensive stocks, the overall market tone remained constructive heading into the weekend.”
“Market breadth remained positive, with advancing stocks outnumbering decliners, while healthy volumes signalled genuine accumulation rather than selective or isolated buying,” he added.
Sensex prediction for Monday: Key technical levels to watch on January 19
According to Tailor, the index’s ability to hold above intraday lows indicates a shift toward a “buy-on-dips”.
Key support zone: 83,000–83,100 remains the critical zone. As long as the Sensex stays above this level, the structural trend remains positive.
Key resistance level: 84,000–84,100 range remains the key near-term hurdle. Expect potential selling pressure or profit-booking as the index approaches the milestone.
“Technically, the index held firmly above the 83,000–83,100 support zone, which acted as a strong intraday cushion during pullbacks. On the upside, the 84,000–84,100 resistance band remains the key near-term hurdle where selling pressure could emerge. As long as this crucial support range is maintained, the overall structure continues to favour a controlled buy-on-dips strategy,” Tailor said.
“Market bias remains slightly positive with a defensive undertone, as indices are gradually edging higher while staying sensitive to broader macro developments and earnings-related cues,” the stock market analyst concluded.
