Summary of this article
Trump threatened to impose tariffs on countries that do not support the US claim over Greenland
India's Chabahar Port will likely be in focus amid Trump's 25 per cent Iran tariffs
Q3 earnings in focus: RIL, HDFC Bank, ICICI Bank, Dr Reddy’s Labs, Eternal, JSW Steel, Shriram Finance
The holiday-shortened week had been a volatile one for domestic equities. The benchmark indices saw sharp swings during the week amid geopolitical risks, especially after US President Donald Trump’s 25 per cent tariff threat on countries trading with Iran, a weakening rupee, and volatile crude oil prices.
In the coming week, from January 19-23, 2026, market participants will be keeping track on a host of geopolitical developments that could see some development and several macro-economic data releases over the week.
Stock Market Cues To Watch This Week
The following cues are likely to influence D-Street sentiment when trade resumes on Monday, January 19, 2026.
Trump Threatens Tariffs Over Greenland Support
US President Donald Trump on January 16 threatened to impose tariffs on countries that do not support the US claim over Greenland, citing “national security” concerns. While he did not provide further details, the tariff threat could heighten geopolitical risks and trigger caution among investors.
Trump has repeatedly argued that the US should take control of Greenland, a self-governing Danish territory.
Chabahar Port In Focus Amid Trump Tariffs
India is holding talks with both the US and Iran to keep operations at the Chabahar port running smoothly, Ministry of External Affairs spokesperson Randhir Jaiswal said on January 16. This comes after reports suggested India might scale back work at the port following fresh US sanctions.
The tensions follow Trump’s January 12 announcement of a 25 per cent tariff on countries that trade with both the US and Iran. India had secured an exemption last year for its Chabahar investments, but the latest move could test New Delhi’s ability to balance trade and strategic ties with Washington and Tehran.
Q3 Earnings Release
Market participants will react to Reliance Industries’ Q3 FY26 earnings report, released on January 16. From the Nifty 50 index, HDFC Bank and ICICI Bank are set to report their earnings on January 17, followed by Dr Reddy’s Laboratories and Eternal (formerly Zomato) on January 21, and JSW Steel and Shriram Finance on January 23.
Economic Calendar: Macro Data Releases This Week
Monday, Jan 19
China will release its Q4 GDP growth rate along with December’s industrial production and retail sales data, which will provide insights into the pace of economic recovery in the world’s second-largest economy. In Europe, investors will watch the consumer price index (CPI)-based inflation data for December 2025 for signals of monetary policy direction.
Wednesday, Jan 21
The US is set to report initial jobless claims for the week ending January 17, a key indicator of the labour market health. The UK will also release its CPI inflation data for December 2025, which will offer clues on inflationary pressures and the Bank of England’s policy stance.
Friday, Jan 23
Japan’s central bank is scheduled to announce its interest rate decision, which markets will monitor for any shifts in monetary policy. India is set to release HSBC manufacturing and services PMI, which will provide early signals on the country’s economic momentum.
