Key Events This Week
19 Jan: Stock opens at ₹1,316.85, declines 0.94%
20 Jan: Bearish momentum intensifies; stock falls 0.61%
21 Jan: Sharp open interest surge; stock rebounds 1.91%
22 Jan: Mixed price action despite 18.2% open interest rise; stock down 1.02%
23 Jan: Technical downturn deepens; stock closes at ₹1,301.40 (-1.43%)
Monday, 19 January 2026: Weak Start Amid Broader Market Decline
Info Edge began the week at ₹1,316.85, down ₹12.55 or 0.94% from the previous close. The stock’s decline was in line with the Sensex’s 0.49% fall to 36,650.97, reflecting a cautious market mood. Volume was modest at 11,491 shares, indicating limited trading enthusiasm. The stock remained well below its 52-week high of ₹1,636.25, signalling ongoing pressure from broader market and sector challenges.
Tuesday, 20 January 2026: Bearish Momentum Intensifies
On 20 January, Info Edge’s price slipped further to ₹1,308.85, a 0.61% decline, as technical indicators shifted decisively bearish. The stock underperformed the Sensex, which plunged 1.82% to 35,984.65 amid broader market weakness. Technical analysis revealed a transition from mildly bearish to outright bearish momentum, with the stock trading below key moving averages and bearish MACD signals on weekly charts. Despite this, the stock’s year-to-date return of -1.32% slightly outperformed the Sensex’s -2.32% over the same period.
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Wednesday, 21 January 2026: Sharp Open Interest Surge and Price Rebound
Info Edge reversed course on 21 January, closing at ₹1,333.80, up ₹24.95 or 1.91%. This rebound came amid a significant 19.46% surge in open interest in the derivatives segment, rising by 7,421 contracts to 45,558. The stock outperformed both its sector, which declined 0.49%, and the Sensex, which fell 0.31%. Delivery volumes surged 61.83% to 7.22 lakh shares, indicating genuine accumulation. Despite the intraday high of ₹1,342.20, the weighted average price of traded volumes was closer to the day’s low, suggesting cautious buying. The mixed technical picture showed the stock above its 5-day moving average but below longer-term averages, reflecting short-term strength amid longer-term resistance.
Thursday, 22 January 2026: Mixed Price Action Despite Elevated Derivatives Activity
On 22 January, Info Edge’s derivatives open interest rose sharply again by 18.17% to 43,742 contracts, signalling active repositioning. However, the stock closed lower at ₹1,320.25, down 1.02%, underperforming its sector’s 0.86% gain and the Sensex’s 0.76% rise. Intraday volatility was pronounced, with a high of ₹1,388 and a low of ₹1,295.70. The stock traded below all key moving averages, reinforcing a bearish technical stance. Delivery volumes surged 103.79% to 10.87 lakh shares, indicating strong investor participation despite price weakness. The weighted average price skewed towards the day’s low, suggesting selling pressure late in the session. Technical momentum shifted from outright bearish to mildly bearish, with mixed signals from MACD and RSI oscillators, reflecting cautious optimism amid ongoing volatility.
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Friday, 23 January 2026: Technical Downturn Deepens Amid Bearish Momentum
Info Edge ended the week on a weak note, closing at ₹1,301.40, down 1.43% on the day and 2.11% for the week. Technical momentum deteriorated further, with the stock trading below key moving averages and bearish MACD readings on weekly charts. The stock’s MarketsMOJO score remained at 43.0, categorised as a Sell, reflecting deteriorating market sentiment. RSI indicators hovered in neutral zones, suggesting no immediate oversold conditions but limited upside momentum. Bollinger Bands indicated increased volatility with a downward bias, and On-Balance Volume showed mixed signals with short-term selling pressure but longer-term accumulation. The stock’s 52-week high of ₹1,636.25 remained distant, underscoring ongoing challenges amid sector and market headwinds.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.1,316.85 | -0.94% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.1,308.85 | -0.61% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.1,333.80 | +1.91% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.1,320.25 | -1.02% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.1,301.40 | -1.43% | 35,609.90 | -1.33% |
Key Takeaways
Positive Signals: Despite the weekly decline, Info Edge outperformed the Sensex by 1.20%, demonstrating relative strength amid broader market weakness. The sharp surges in open interest on 21 and 22 January indicate active market participation and potential positioning for directional moves. Delivery volumes increased substantially, suggesting genuine investor interest beyond speculative trading. Some technical indicators, such as mildly bullish weekly MACD and monthly RSI, hint at underlying support and potential for recovery.
Cautionary Signals: The overall technical momentum remains bearish, with the stock trading below key moving averages and bearish MACD on weekly charts. The downgrade to a Sell rating and a low Mojo Score of 43.0 reflect deteriorating fundamentals and market sentiment. Price volatility remains elevated, and the stock failed to sustain gains despite open interest surges, indicating selling pressure. The stock’s one-year performance remains weak compared to the Sensex, highlighting ongoing challenges in the e-retail sector.
Conclusion
Info Edge (India) Ltd experienced a volatile and challenging week, marked by mixed technical signals and heightened derivatives activity. While the stock showed resilience relative to the Sensex, the prevailing bearish momentum and analyst downgrade suggest caution. The significant open interest increases reflect active repositioning by market participants, but the inability to sustain price gains underscores underlying uncertainty. Investors should monitor technical indicators closely, particularly moving averages and volume trends, to assess potential trend reversals. The stock’s strong long-term track record contrasts with recent weakness, emphasising the importance of timing and risk management in current market conditions.
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