Market SURGE! Will the Rally Last? Investors in SHOCK!

Istanbul's stock exchange opened on a positive note this Wednesday, January 28th, 2026, shaking off some of yesterday’s blues. The BIST 100 index started the day up 0.33%, clocking in at 13,150.12 points. Not a massive leap, granted, but a welcome change after Tuesday's dip.

Market SURGE! Will the Rally Last? Investors in SH...

To recap, the BIST 100 took a bit of a tumble yesterday, closing down 0.53% at 13,106.99 points. So, today's initial bump of 43.14 points – that 0.33% increase – is definitely a step in the right direction, bringing us to that 13,150.12 mark right out of the gate. It's funny how these fractional percentages can dictate the overall mood, isn't it?

Looking at the sectoral breakdown, it's a bit of a mixed bag. The banking index saw a tiny slippage, down 0.02%, while holding companies enjoyed a slightly better morning, gaining 0.46%. Seems like everyone’s hedging their bets. On the winning side, stone and soil companies are having a good day so far, leading the charge with a 1.79% increase. Meanwhile, those involved in securities investment trusts are feeling the pinch, experiencing the largest decline at 0.23%. You win some, you lose some, as they say.

The broader picture seems to be one of cautiously optimistic global sentiment. Apparently, risk appetite is being fueled by some buzz in the technology sector, despite the ever-present background noise of geopolitical and political uncertainties. I mean, what week *doesn't* have geopolitical uncertainty these days? But the big thing everyone's waiting for is the US Federal Reserve's (Fed) monetary policy decisions, which are due later today. That's likely a key factor influencing the market's general "wait and see" attitude – a situation that’s rippling into our domestic markets here in Istanbul.

Analysts are pointing out that there's not much in the way of domestic data releases today. Internationally, all eyes will be glued to Germany's GfK consumer confidence index, US weekly mortgage applications, and of course, the Fed's interest rate decision, followed by Fed Chairman Powell's inevitable press conference. Brace yourselves. From a technical analysis perspective, the word on the street is that the BIST 100 faces resistance at 13,200 and 13,300 points. Support levels are pegged at 13,000 and 12,900 points. Will these levels hold? Only time will tell. Keep your eyes peeled – it's going to be an interesting day.