A measured English daily covering India and the wider world.
India’s benchmark indices Sensex and Nifty slipped more than 4% in January 2026 amid sustained foreign portfolio investor selling, rupee weakness, and underwhelming corporate earnings. Global uncertainty and renewed tariff-related concerns also weighed on risk appetite, as investors turned cautious across emerging markets including India.
Ahead of India’s Union Budget 2026, Deloitte has recommended policy and tax changes aimed at improving competitiveness for the IFSC at GIFT City. The firm said parity rules, removal of tax asymmetries and clearer compliance would help India position GIFT City as a full-service offshore-style financial hub for global institutions.
BSE and NSE remained closed on January 26, 2026, for Republic Day, pausing trading across segments; markets are scheduled to reopen on the next working day.
Indian equities extended a soft January, with benchmarks down more than 4% amid foreign portfolio outflows, a weaker rupee and global risk factors. Investors also watched earnings and external uncertainties as sentiment stayed cautious.
India’s benchmark indices Sensex and Nifty have declined over 4% so far in January 2026 amid foreign portfolio investor selling, a weakening rupee, muted earnings and global uncertainty, with investors looking ahead to Budget 2026-27 for signals on growth and stability.
Indian equities have slipped sharply through January, with sustained foreign portfolio outflows and a weaker rupee compounding concerns about earnings and external risks, keeping investors cautious ahead of key economic events.
Indian equities have had a weak start to 2026, with the Sensex and Nifty slipping more than 4% in January amid foreign portfolio outflows, rupee pressure, softer earnings and a risk-off global backdrop. Investors are watching for any shift in sentiment ahead of the Union Budget 2026-27.
Ahead of the Union Budget, India’s private space industry is asking for bigger government procurement commitments and for space assets to be classified as critical infrastructure. Industry voices argue that predictable demand and cheaper, longer-tenure financing are essential to scale launch, satellite manufacturing and downstream data services in a capital-intensive sector.
Electronics and IT Minister Ashwini Vaishnaw said India remains on schedule to begin commercial semiconductor chip production in 2026, aligning with timelines under the India Semiconductor Mission launched in January 2022. The statement reinforces India’s push to build domestic manufacturing capacity and reduce reliance on global supply chains for critical chips.
India’s benchmark indices Sensex and Nifty fell more than 4% in January 2026, pressured by sustained foreign portfolio investor outflows, a weakening rupee and muted corporate earnings. Market participants are also watching geopolitical tensions, tariff-related worries and the run-up to the Union Budget 2026–27 for clues on the path ahead.
Ahead of the Union Budget 2026–27, the gems and jewellery industry is asking for GST relief and duty changes to improve export competitiveness amid tough global conditions.
Walmart-backed PhonePe has received SEBI clearance for its proposed IPO, with the issue expected to be largely an offer for sale and potentially among the biggest fintech listings, as investors look closely at UPI-heavy revenues and profitability progress.