Nifty at a Crossroads; Awaits Clarity from Global Triggers

The markets saw a decisive breakdown from the 500-point trading range (26200-25700) after a period of consolidation, ending the week on a negative note. Throughout the week, Nifty traded with a clear downward bias, oscillating within a range of 750 points between 26,373 and 25,623. It was the only major global equity index to end in the red, weighed down by rising uncertainty around US trade tariffs and a deferred Supreme Court decision, now expected on January 14. India VIX spiked 16.51% for the week to 10.93, reflecting heightened caution. As a result, Nifty ended the week with a loss of 645.25 points or -2.45%.