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Renewed tariff jitters drag nifty to end lower on Monday

19 Jan 2026 Evaluate

Indian equity benchmark -- Nifty ended lower on Monday amid renewed tariff jitters and rising geopolitical tensions. Index made a gap-down start following negative cues from other Asian markets. Soon, index intensified its losses and continued its weak trade as US President Donald Trump reportedly in talks to impose 10% tariff on the eight European countries on February 01. Further, persistent Foreign Institutional Investors’ (FII’s) selling in Indian markets raised concerns among market participants. As per exchange data, FIIs offloaded equities worth Rs 4,346.13 crore on Friday. Meanwhile, weak ongoing Q3 earnings weighted on investors sentiments. In afternoon session, market continued its lacklustre trade throughout the session. Traders remained cautious as Crisil Ratings’ report warned that India’s merchandise exports likely to face strong headwinds due to uncertainty persists over India's trade negotiations with the United States (US) and concerns grow over further US tariffs on Russian crude oil purchases. Finally, Nifty ends below 25,600 mark.

Most of the sectorial indices ended in red except FMCG and Auto stocks. The top gainers from the F&O segment were CG Power and Industrial Solutions, InterGlobe Aviation and Polycab India. On the other hand, the top losers were Wipro, RBL Bank and Godrej Properties. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility increased by 4.00% and

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