Markets Under Pressure: What Will Drive Nifty & Sensex This Week?

Research Desk5 February 20262 min read

Indian equities saw heavy selling as global macro risks, rupee weakness and midcap panic dominated sentiment. Here’s a clear roadmap for the week ahead—events, results, risks and key levels to watch.

Weekly Trigger (Jan 26 – Jan 30) and its Impact

Trigger for the Week	How will it impact?
Nifty -2.51% down, Sensex -2.43% lower, for the week ending 23-Jan	Global macro risks amidst Trump claims over Greenland and delays in Indo-US trade deal, spooked the Indices
Mid-cap index -4.55% lower; small cap index -5.81% down this week	The selling was much more intense in smaller stocks, and that fear factor is likely to stay next week too
Key Large Cap Q3FY26 results to be announced during the week	Kotak Bank, Ultratech, Axis Bank, APIL, L&T, BEL, Maruti, SBI Life, TVS Motors, ITC, TAMO, Bajaj Auto, NTPC, REC
Key Mid Cap Q3FY26 results to be announced during the week	CPCL, Marico, CG Power, SBI Cards, GE Vernova, Dabur, Swiggy, NTPC Green, Paytm, PEPL, BOB, Meesho, SAIL
Major corporate action record dates scheduled for coming week	Wipro, SRF, Persistent, IIFL Finance, GCPL, Siemens Energy, CAMS, Mastek, ACGL, JSL, KEI (Dividends RD)
Rupee closes the week at ₹91.68/$, after touching a low of ₹91.99/$	Rupee was almost on free fall during the week as event risks and FPI selling added to the absence of RBI support
Spot Gold at $4,983/oz and Silver at $102.97/oz, scale lifetime highs	With gold and silver almost at end-2026 targets, both precious metals are now in uncharted territory
India IIP growth for December will be announced on 28-January	After the 3.3% growth in November, the IIP is expected to bounce in sync with the sharp rebound in core sector
CGA to put out December-end fiscal deficit update on 30-January	The 9-months data will be crucial in reassuring investors that the government will be able to defend 4.4% target
Fed interest rate decision to be put out after Fed meet on 28-January	With strong GDP growth and 2.9% PCE inflation, the chances of a Fed rate cut in January are diminishing
With no IPOs announced for next week, Shadowfax listing will be key	Other 2 IPOs in January (BCCL and Amagi) are trading at a premium to issue price, so Shadowfax will be watched
Nifty S/R at (24,933/25,256); Sensex S/R (81,168/82,212) for next week	Crucial levels for change in Short View will be 25,361 for Nifty and 82,589 for Sensex; with Longs only above that
Key data points from US markets to be keenly watched this week	Durable Goods Orders, Atlanta Fed GDP, Powell Speech, Jobless Claims, Trade Deficit, Fed Balance Sheet, PPI
Key data points from ROW markets to be keenly watched this week	GDP, Unemployment (EU); Core CPI, IIP, BOJ Minutes (Japan); CFTC Net Positions (UK); Composite PMI (China)

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