Highlights

Nifty 50 23,114.50 🔻 0.16%

Monday🔼 1.11%
Tuesday🔼 0.74%
Wednesday🔼 0.83%
Thursday🔻 3.26% 
Friday🔼 0.49%

What moved the market?

Top Gainers & Top Losers

Nifty PSU Bank🔼 6.80%Nifty Oil & Gas🔻 2.23%
Nifty Auto🔼 2.15%Nifty FMCG🔻 1.91%
Nifty Metal🔼 1.06%Nifty Realty🔻 1.89%

Markets this week

Nifty Midcap 15020,226.90 (🔻0.03%)
Nifty Smallcap 25014,791.95 (🔻0.44%)
India VIX22.81 (🔼 0.71% )

Technical Analysis

Nifty 50

The Nifty 50 ended the week down 3.15%, losing approximately 752 points to close at 23,114.50. 

  • Immediate Resistance: 23,900 – 24,000
  • Immediate Support: 22,700 – 22,800

Nifty Midcap 150

The Nifty Midcap 150 index closed the week at 20,226.90, marking a weekly decline of 2.94%.

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

Nifty Smallcap 250

The Nifty Smallcap 250 index closed the week at 14,791.95, witnessing a weekly decline of approximately 3.49%.

For the upcoming sessions:

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

CRISP Insight: Most consistent Large & Midcap 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’s April-February 2025-26 Exports Reached $790.86 Billion; February Exports Grew 11.05%

The Ministry of Commerce & Industry estimated India’s cumulative exports (merchandise and services) for April-February 2025-26 at US$ 790.86 billion, reflecting a 5.79% growth compared to US$ 747.58 billion in the corresponding period of 2024-25. For February 2026 specifically, total exports are estimated at US$ 76.13 billion, registering an 11.05% positive growth against February 2025, while total imports stood at US$ 80.09 billion, up 21.64%.

Cumulative merchandise exports for April-February 2025-26 reached US$ 402.93 billion (a 1.84% increase), with a merchandise trade deficit of US$ 310.60 billion. Conversely, services exports for the same period are estimated at US$ 387.93 billion, generating a services trade surplus of US$ 200.96 billion. Major drivers of merchandise export growth in February 2026 included Engineering Goods (12.90%), Electronic Goods (10.37%), Organic & Inorganic Chemicals (6.85%), and Meat, Dairy & Poultry Products (22.66%). Other Cereals recorded the highest export growth at 170.14%. The top five export destinations exhibiting positive growth in terms of change in value for February 2026 were China P Rp (32.37%), Hong Kong (32.14%), Vietnam Soc Rep (49.46%), Togo (110.96%), and Sri Lanka Dsr (57.3%).

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.