Indian equity markets are expected to open on a strong note on Monday, with the Nifty Futures (Gift Nifty) at 25,840, signaling a 180-point gain at open
| Photo Credit:
iStockphoto
Indian equity markets are likely to open on a strong note on Monday amid positive global sentiment. Gift Nifty at 25840 signals a gain of 180 points to Nifty at open.
According to analysts, as results for the third quarter ending December 2025 start to gather pace from this week, the focus will shift to performance and outlook.
TCS and HCLTech are scheduled to declare their results on January 12.
Analyst outlook
Emkay Global said it sees a pickup in earnings and a turnaround in Q3FY26E, breaking the last 6-quarter consolidation, with the Emkay universe delivering topline growth of 10.7% YoY in Q3FY26 vs 5.6% in Q2FY26. “A pick-up in festive season demand, coupled with GST rate-cut tailwinds, drove the strong discretionary earnings, leading to 14.5% PAT growth. However, headline numbers mask a poor spread, with 42% of our coverage expecting PAT growth below 10%,” it said
The Nifty has corrected about 2.5 per cent from the top in the first 10 days of Jan-26, with valuations at +1 SD. “We expect some near-term volatility, till a definitive India–US trade agreement is concluded,” it added.
F&O caution
Meanwhile, F&O trading signals a cautious outlook.
Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said Derivatives setup mirrors the cautious-to-bearish tone seen in the cash market. Call writers have aggressively added fresh positions at at-the-money (ATM) and nearby strikes, effectively capping near-term upside. The Put-Call Ratio (PCR) has slipped into oversold territory at 0.48, reflecting heightened caution and the dominance of call writing. While this raises the possibility of minor short-covering, the broader derivatives structure continues to favour sellers, he said further.
Published on January 12, 2026
