The Indian stock market began trading on Friday, January 16, 2026, after remaining closed on Thursday, January 15, due to municipal corporation elections in Maharashtra. The Upstox article, published on January 15, 2026, provided a trade setup for the day, posing the question of whether the NIFTY50 would close in the green on a weekly basis. Prior to the holiday, on Wednesday, January 14, both benchmark indices, Sensex and Nifty 50, closed lower. The Nifty 50 declined by 66.70 points (0.26%) to settle at 25,665.60, and the Sensex dropped 244.98 points (0.29%) to 83,382.71. This decline was attributed to concerns over potential US tariffs and continued outflows by foreign institutional investors. For the trading session on January 16, Gift Nifty futures had initially indicated a positive opening for Indian equity benchmarks, trading with a gain of 60-73 points. However, the overall market sentiment was predominantly cautious, with many analysts expecting a subdued and range-bound trading day. Live market updates for January 16 confirmed this cautious outlook, with the Sensex slipping 245 points and the Nifty moving below the 25,700 level during the trading session. Despite the broader market weakness, some sectors, including metals, PSU banks, and midcap stocks, showed signs of outperformance. Technical analysis for Nifty suggested that the index was in a consolidation-to-corrective phase, struggling to sustain above the 26,000 zone, which acts as a strong resistance. Key support levels were identified around 25,500 and 25,400. Several prominent stocks, such as Infosys, Wipro, Tech Mahindra, and Reliance Industries, were also under scrutiny by investors due to their third-quarter earnings announcements and other corporate developments. Given the observed slips in both Sensex and Nifty throughout January 16, it is highly probable that NIFTY50 did not close in the green for the day, nor on a weekly basis, effectively answering the Upstox headline's question in the negative.