Tue Jan 20 00:50:00 UTC 2026: ### Indian Stock Market Dips Amid FII Outflows and Earnings Disappointments
The Story:
On Monday, January 19, 2026, Indian benchmark indices, SENSEX and NIFTY50, closed in negative territory. Selling pressure in realty and media stocks, coupled with weakness in index heavyweights like Reliance Industries and ICICI Bank, contributed to the decline. Persistent foreign institutional investor (FII) outflows further dampened investor sentiment. Wipro’s disappointing Q3FY26 earnings and revised revenue guidance significantly dragged down the NIFTY50 index.
Key Points:
- The BSE SENSEX declined by 324.17 points or 0.39%, settling at 83,246.18.
- The NSE NIFTY50 dipped 108.85 points or 0.42%, closing at 25,585.50.
- Wipro shares closed 8.21% lower after weak Q3FY26 earnings, with net profit falling 7% YoY to ₹3119 crore. Revenue advanced 5.5% annually to ₹23,556 crore.
- Reliance Industries reported a marginal 0.57% increase in net profit to ₹18,645 crore, leading to a 3.07% decline in its stock price.
- FIIs sold shares worth ₹4,346.13 crore, while domestic institutional investors (DIIs) bought equities worth ₹3,935.31 crore on a net basis on Friday.
- Top gainers included InterGlobe Aviation (4.16%) and Tech Mahindra (2.39%), with the latter reporting a 14.12% annual surge in consolidated net profit.
Key Takeaways:
- FII outflows continue to exert downward pressure on the Indian stock market.
- Earnings performance, particularly that of major players like Wipro and Reliance Industries, significantly impacts market sentiment.
- Sector-specific weaknesses, such as in realty and media, contribute to broader market declines.
- Positive earnings reports from companies like Tech Mahindra can provide some counterbalance to negative trends.
- Mid and Small Cap indices also faced selling pressure highlighting a broad negative sentiment.
First Piper 