After starting the week on a corrective note, the market recouped some of its losses on the last two trading sessions of the week. The market has remained volatile in the last few days, and the headline Nifty index has traded in a wider-than-usual range. Just like the previous week, Bank Nifty and the Financial Services Index appear to be losing its relative momentum steadily. The FMCG, Consumption and Energy packs are seen rotating in the lagging quadrant.These groups are likely to underperform the broader market on a relative basis. In the above chart, they show relative performance against Nifty500 Index (broader markets) and should not be used directly as buy or sell signals.

Source: Economic Times January 25, 2020 06:22 UTC