Among sectors, the Defence index outperformed today, rallying over 6 percent, whereas intraday profit booking was seen in FMCG stocks, resulting in the FMCG index shedding 0.67 percent.
Shrikant Chouhan,
Head, Equity Research
Kotak Securities
Mumbai, 27 January 2026: “Today, the benchmark indices continued their positive momentum. The Nifty ended 167 points higher, while the Sensex was up by 487 points. Among sectors, the Defence index outperformed today, rallying over 6 percent, whereas intraday profit booking was seen in FMCG stocks, resulting in the FMCG index shedding 0.67 percent. Technically, on daily charts, it has formed a bullish candle, and on intraday charts, it is holding an uptrend continuation formation, which is largely positive. For day traders now , 25200/82000 would act as a key support zone. Above 25200/82000, the pullback rally could continue till 25500/82800. Further upside may also continue, potentially lifting the index to 25575/83000. On the flip side, below 25200/82000, sentiment could change. If the index falls below this level, traders may prefer to exit their long positions.”
Gaurav Garg, Lemonn Markets Desk, reports:
“Equity benchmark indices Sensex and Nifty extended their gains on Wednesday, tracking sustained optimism over the India–European Union free trade agreement and firm cues from global markets.
Gains were led by stocks such as Oil & Natural Gas Corporation, Coal India and Axis Bank, which rose as much as 6 percent. In contrast, Asian Paints and Tata Consumer Products weighed on the benchmarks, declining up to 6 percent amid stock-specific selling pressure.
Investor sentiment remained buoyant after India and the European Union sealed a landmark free trade agreement, described as the “mother of all deals”. The pact is expected to create a market of nearly two billion people and covers tariff reductions on 99 percent of Indian exports to the EU and over 97 percent of EU exports to India, together accounting for nearly a quarter of global GDP.
Global cues also remained supportive, with major Asian markets trading higher and US equities ending mostly positive in the previous session. Further comfort came from easing volatility, as India VIX declined over 2 percent to around 14, reflecting improved risk appetite among investors.
From a technical perspective, Nifty’s move above the 25,180 level has signalled a short-term reversal, with potential upside towards 25,800. However, they cautioned that failure to sustain above the 25,400 zone could invite consolidation, while a drop below 25,080 may weaken the near-term outlook.”
