January 21: India-EU Trade Deal Nears, Dalal Street Slides Sharply & More

Welcome to BreakOut by 5paisa, your early market brief before the trading day kicks off.In this episode, we head to Davos, where European Commission President Ursula von der Leyen said India and the European Union are closing in on a breakthrough trade agreement that could reshape global commerce and supply chains.Meanwhile on Dalal Street, bears were firmly in control. The Sensex and Nifty logged sharp declines, broader markets saw deeper cuts, and every major sector closed in the red led by a steep slide in realty, auto and IT stocks.Early Gift Nifty action hints at a mildly positive open, but derivatives positioning and a lower put-call ratio reflect caution. India VIX climbed toward the 13 level, signaling rising volatility. Foreign investors continued to sell, while DIIs provided counterflow support.Global sentiment remained weak after Wall Street recorded its biggest single-day drop in three months on renewed tariff concerns. Oil retreated, gold notched a fresh record high, and Asian markets opened mixed to lower.All the key moves, in one concise briefing this is BreakOut by 5paisa. Join us tomorrow before the markets move.