Market Dips Second Day: What to Expect on January 16 for Nifty, Sensex

• Indian markets, Sensex and Nifty, closed lower for the second consecutive session on January 14, influenced by India-US trade deal uncertainty, mixed Q3 results, and foreign capital outflow.
• Mid and small-cap segments showed resilience, with BSE Midcap and Smallcap indices closing higher, while frontline indices declined.
• Metal, PSU Bank, Power, Oil & Gas sectors saw gains, driven by expectations of US interest rate cuts and safe-haven demand amid geopolitical tensions.
• Technical analysis suggests Nifty Bank is consolidating, with key support at 59200-59150 and resistance at 59800; Nifty faces resistance at 25,800 and support at 25,600.
• Experts advise caution, with market direction dependent on breakouts above 25,800 or drops below 25,600 for Nifty.

Why It Matters: Indian markets saw a second consecutive decline, with mixed global cues and Q3 results influencing sentiment.