Highlights

Nifty 50 23,151.10 🔻 5.31%

Monday🔻 1.73% 
Tuesday🔼 0.97%
Wednesday🔻 1.63% 
Thursday🔻 0.95% 
Friday🔻 2.06% 

What moved the market?

Top Gainers & Top Losers

Nifty Pharma🔻 0.60%Nifty Auto🔻 10.64%
Nifty Energy🔻 0.68%Nifty PSU Bank🔻 7.27%
Nifty Healthcare Index🔻 1.28%Bank Nifty🔻 6.97%

Markets this week

Nifty Midcap 15020,233.00 (🔻4.48%)
Nifty Smallcap 25014,857.50 (🔻3.66%)
India VIX22.65 (🔼 13.93% )

Technical Analysis

Nifty 50

The Nifty 50 ended the week down 5.43%, losing approximately 1,329 points to close at 23,151.40. 

  • Immediate Resistance: 23,600 – 23,800
  • Immediate Support: 22,600 – 22,800

Nifty Midcap 150

The Nifty Midcap 150 index closed the week at 20,233, marking a weekly decline of 3.68%.

  • Immediate Resistance: 20,800 – 21,000
  • Significant Support:  19,900 – 20,100

Nifty Smallcap 250

The Nifty Smallcap 250 index closed the week at 14,857, witnessing a weekly decline of approximately 2.58%.

For the upcoming sessions:

  • Key Resistance Level: 15,400 – 15,500
  • Key Support Level: 14,400 – 14,500

CRISP Insight: Most consistent ELSS Funds and their investment styles

All data as of January 31, 2026. Style categorization for Quality, Value, and Momentum is based on a 5-year weighted average of portfolio factor scores, assessed relative to both category peers and the benchmark. Funds with risk categorized as too high as per CRISP not considered. For detailed methodology, refer to this link.

This Week’s Spotlight Story

A deep dive into the headline that defined market conversations.

India Navigates Energy Disruption Amid Strait of Hormuz Closure

Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri addressed the Lok Sabha on March 12, 2026, detailing India’s response to the unprecedented closure of the Strait of Hormuz. Following military operations between Iran, Israel, and the US, the strait, which handles 20% of global crude, natural gas, and LPG, has been effectively closed to commercial shipping for 13 days. While neighbouring nations face severe rationing, historic price hikes, and shortened work weeks, India’s energy supply remains secure through strategic diversification and immediate regulatory action.

Key Measures and Market Impacts:

  • Crude & Fuel Availability: Non-Hormuz crude sourcing has been scaled from 55% to 70%, utilising 40 different countries. Domestic refineries are operating at or above 100% capacity, ensuring no shortages of petrol, diesel, ATF, fuel oil, or kerosene.
  • Natural Gas Prioritisation: Enacted on March 9, 2026, the Natural Gas Control Order ensures 100% supply for domestic piped gas and CNG without cuts. Industrial and manufacturing consumers are allocated up to 80% of their previous six-month average, while fertiliser plants receive up to 70% to protect agricultural input. Alternative LNG cargoes are arriving daily to offset any shortfalls.
  • LPG Production & Distribution: An LPG Control Order (March 8, 2026) directed refineries to maximise yields, successfully increasing LPG production by 28% in just five days. Procurement has been actively diversified to include the US, Norway, Canada, Algeria, and Russia. To prevent hoarding, commercial LPG allocation is regulated at 20% of the average monthly requirement, while alternate fuels (biomass, RDF pellets, kerosene/coal) are temporarily permitted for the hospitality sector for one month.
  • Price Shielding: Consumers remain insulated from global market spikes. Despite a 41% rise in the Saudi Contract Price, the PMUY cylinder remains at ₹613 in Delhi. The government absorbed ₹74 of the required ₹134 per-cylinder adjustment to keep prices stable. Furthermore, an OMC compensation of ₹30,000 crore has been approved against anticipated losses of approximately ₹40,000 crore for 2024-25.

That’s a wrap for this week.

As the markets pause to catch their breath, we’ll be back next week with sharper insights and stories to help you invest intelligently.