India's Sensex, Nifty jumps.

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. Similarly, the SandP BSE Sensex reclaimed 36,000 and closed 1.05 percent higher for the week ended January 18.

The broader market underperformed with Smallcap index falling by 0.6 percent while the BSE Midcap index slipped a...