< -5%

Bank of Mah

Central Bank

Punjab and Sind

-5% to -3%

UCO Bank

Canara Bank

Bank of India

Bank of Baroda

Indian Bank

Union Bank

-3% to 0%

0% to 3%

3% to 5%

Fidelity Investments exits Aditya Birla Lifestyle, Fidelity Investments sells 1.76% stake in Aditya Birla Fashion, Hornbill Orchid India Fund exits P E Analytics

* Fidelity Investments exits Aditya Birla Lifestyle
* Fidelity Investments sells 1.76% stake in Aditya Birla Fashion
* Hornbill Orchid India Fund exits P E Analytics

shorts/business/fidelity-investments-almost-exits-aditya-birla-lifestyle-sells-1-76-stake-in-aditya-birla-fashion

* Fidelity Investments exits Aditya Birla Lifestyle
* Fidelity Investments sells 1.76% stake in Aditya Birla Fashion
* Hornbill Orchid India Fund exits P E Analytics

Fidelity Blue Chip Growth Fund, managed by financial services firm Fidelity Investments, has almost exited Aditya Birla Lifestyle Brands, and offloaded 1.76 percent shares in Aditya Birla Fashion and Retail via open market transactions on January 20.

<a href="https://www.moneycontrol.com/india/stockpricequote/speciality-retailers/adityabirlalifestylebrands/ABL06">Aditya Birla Lifestyle Brands</a>, and <a href="https://www.moneycontrol.com/india/stockpricequote/retail/adityabirlafashionretail/PFR">Aditya Birla Fashion</a> are part of the Aditya Birla Group. Fidelity Blue Chip Growth Fund held 1.94 percent stake in each company as of September 2025.

Fidelity Securities Fund - Fidelity Blue Chip Growth Fund sold 2.36 crore equity shares (equivalent to 1.94 percent of paid-up equity) in Aditya Birla Lifestyle Brands for Rs 260.67 crore. The selling price for these shares was Rs 110 per share.

Further, the same fund also offloaded 2.15 crore equity shares (1.76 percent stake) in Aditya Birla Fashion and Retail for Rs 142.63 crore. The price at which these shares sold was Rs 66.2 per share.

However, Societe Generale - ODI has acquired 74.97 lakh shares (0.61 percent stake) in Aditya Birla Fashion at Rs 65.78 per share, for Rs 49.31 crore.

Aditya Birla Lifestyle Brands shares hit all-time low on Tuesday before closing the session at Rs 113.24, down 2.32 percent, while Aditya Birla Fashion and Retail stock also saw sharp correction, hitting lowest level since August 2023 on intraday basis before finishing 5.62 percent down at Rs 67.85 on the NSE.

The major action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/it-servicesconsulting/peanalytics/A21">P E Analytics</a> that provides real estate data through its PropEquity platform, which shares declined 0.18 percent to Rs 165.3.

Hornbill Orchid India Fund exited PropEquity by selling its entire holding of 4.04 lakh shares (3.86 percent stake) at Rs 165.01 per share, amounting to Rs 6.67 crore. However, Samir Jasuja and his mother-in-law Manorama Pawah acquired 4.24 percent stake in the company.

Samir Jasuja bought 3.36 lakh shares for Rs 5.54 crore, and Manorama Pawah 1.09 lakh shares for Rs 1.8 crore. The buying price for these shares was Rs 165 apiece.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-industrial-equipments/avanaelectrosystems/AEL11">Avana Electrosystems</a> that manufactures control &amp; relay panels and relays used in power system protection, monitoring, and automation, was also in focus, rising 36.1 percent to Rs 80.30 on its first day of trading on the NSE. Fortune Hands Growth Fund Scheme I has acquired additional 1.38 lakh shares (0.6 percent stake) in the company at Rs 76.66 per share, valued at Rs 1.05 crore.

Venkata Nagaraju Padala also bought 1.54 lakh shares in Avana at Rs 77.04 per share for Rs 1.18 crore, Gautam Fatehpuria 2.5 lakh shares at same price for Rs 1.92 crore, and Gunavanth Kumar G (HUF) 2.5 lakh shares at Rs 77.22 per share for Rs 1.93 crore.

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MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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Use of Artificial Intelligence

Fidelity Investments almost exits Aditya Birla Lifestyle, sells 1.76% stake in Aditya Birla Fashion

Fidelity Blue Chip Growth Fund, managed by financial services firm Fidelity Investments, has almost exited Aditya Birla Lifestyle Brands, and offloaded 1.76 percent shares in Aditya Birla Fashion and Retail via open market transactions on January 20.

Aditya Birla Lifestyle Brands, and Aditya Birla Fashion are part of the Aditya Birla Group. Fidelity Blue Chip Growth Fund held 1.94 percent stake in each company as of September 2025.

Fidelity Securities Fund - Fidelity Blue Chip Growth Fund sold 2.36 crore equity shares (equivalent to 1.94 percent of paid-up equity) in Aditya Birla Lifestyle Brands for Rs 260.67 crore. The selling price for these shares was Rs 110 per share.

Further, the same fund also offloaded 2.15 crore equity shares (1.76 percent stake) in Aditya Birla Fashion and Retail for Rs 142.63 crore. The price at which these shares sold was Rs 66.2 per share.

However, Societe Generale - ODI has acquired 74.97 lakh shares (0.61 percent stake) in Aditya Birla Fashion at Rs 65.78 per share, for Rs 49.31 crore.

Aditya Birla Lifestyle Brands shares hit all-time low on Tuesday before closing the session at Rs 113.24, down 2.32 percent, while Aditya Birla Fashion and Retail stock also saw sharp correction, hitting lowest level since August 2023 on intraday basis before finishing 5.62 percent down at Rs 67.85 on the NSE.

The major action was also seen in P E Analytics that provides real estate data through its PropEquity platform, which shares declined 0.18 percent to Rs 165.3.

Hornbill Orchid India Fund exited PropEquity by selling its entire holding of 4.04 lakh shares (3.86 percent stake) at Rs 165.01 per share, amounting to Rs 6.67 crore. However, Samir Jasuja and his mother-in-law Manorama Pawah acquired 4.24 percent stake in the company.

Samir Jasuja bought 3.36 lakh shares for Rs 5.54 crore, and Manorama Pawah 1.09 lakh shares for Rs 1.8 crore. The buying price for these shares was Rs 165 apiece.

Meanwhile, Avana Electrosystems that manufactures control &amp;amp; relay panels and relays used in power system protection, monitoring, and automation, was also in focus, rising 36.1 percent to Rs 80.30 on its first day of trading on the NSE. Fortune Hands Growth Fund Scheme I has acquired additional 1.38 lakh shares (0.6 percent stake) in the company at Rs 76.66 per share, valued at Rs 1.05 crore.

Venkata Nagaraju Padala also bought 1.54 lakh shares in Avana at Rs 77.04 per share for Rs 1.18 crore, Gautam Fatehpuria 2.5 lakh shares at same price for Rs 1.92 crore, and Gunavanth Kumar G (HUF) 2.5 lakh shares at Rs 77.22 per share for Rs 1.93 crore.

Havells India shares fell over 7% after Q3 results missed some estimates, Aarti Surfactants shares surged 20% on 358% YoY profit growth in Q3, Tips Music shares rose 3% after Q3 net profit jumped 37% YoY

* Havells India shares fell over 7% after Q3 results missed some estimates
* Aarti Surfactants shares surged 20% on 358% YoY profit growth in Q3
* Tips Music shares rose 3% after Q3 net profit jumped 37% YoY

Havells India shares fell over 7% after Q3 results missed estimates, despite a 14% YoY revenue rise and interim dividend. Aarti Surfactants surged 20% on strong profit growth, while Tips Music rose 3% after posting a 37% YoY profit increase.

shorts/business/q3-results-impact-havells-india-shares-drop-7-as-profit-misses-estimates-aarti-surfactants-tips-music-jump-up-to-20

* Havells India shares fell over 7% after Q3 results missed some estimates
* Aarti Surfactants shares surged 20% on 358% YoY profit growth in Q3
* Tips Music shares rose 3% after Q3 net profit jumped 37% YoY

The shares of Havells India declined in trade sharply on January 20 after the company’s results for the October-December quarter of FY26 missed estimates on some fronts. Aarti Surfactants and Tips Music shares meanwhile surged.

The three companies had released their results on January 19.
<h3><strong>Havells India Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/havellsindia/HI01">Havells India</a> shares declined more than 7 percent to close at Rs 1,344.90 apiece. This comes a day after the company reported a standalone net profit of Rs 301.36 crore for Q3 FY26, marking a nearly 7 percent year-on-year (YoY) rise from Rs 282.81 crore in Q3 FY25 but a 5 percent QoQ decline from Rs 317.48 crore in Q2 FY26.

The firm’s revenue from operations meanwhile rose more than 14 percent YoY to Rs 5,573.44 crore during the quarter under review.

Along with the Q3 results, Havells India announced an interim dividend of Rs 4 per equity share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on January 23. The dividend will then be paid to the eligible shareholders on or before February 17.
<h3><strong>Brokerages on Havells:</strong></h3>
Motilal Oswal reiterated its 'Neutral' rating on the stock with a target price of Rs 1,590 apiece. This implies an upside potential of nearly 10 percent from the stock’s previous closing price of Rs 1447.1 apiece.

The domestic brokerage said that the company’s Q3 results came in below its estimates, as margins remained under pressure across the C&amp;W, Lloyd, and cable segments. “Going forward, the inventory situation of RAC, the implementation of price hikes due to new BEE norms, RM cost inflation, and growth in the C&amp;W segment amid copper price fluctuations will be the key monitorables,” it added.

JM Financial said that the firm’s adjusted PAT was a “shade below expectations”, while EBITDA was in-line and revenue was above estimate. “Our FY26E EPS estimate goes up by 3%, primarily on the back of an increase in revenue from C&amp;W, while our FY27/28E EPS estimate is largely unchanged. We maintain BUY with a PT of INR 1,750 (unchanged), valuing Havells at 50x Dec’27E EPS,” the brokerage said.

Nomura kept a ‘Buy’ call on the stock, with a target price of Rs 1,798 per share. This implies an upside potential of more than 24 percent from the stock’s previous closing price of Rs 1,447.1 apiece. The international brokerage said that the firm’s Q3 earnings beat

Jefferies kept a ‘Hold’ call on the stock, with a target price of Rs 1,555 per share. This implies an upside potential of nearly 7.5 percent over the stock’s previous closing price. The international brokerage said that the firm’s strong cables and wires growth offset weakness in Lloyd &amp; Lighting.

Rising copper and aluminium prices may require calibrated price hikes, it added.
<h3><strong>Aarti Surfactants Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/diversified-chemicals/aartisurfactants/ASL08">Aarti Surfactants</a> shares jumped 20 percent to hit the upper circuit at Rs 459.10 apiece on Tuesday. This comes after the firm’s net profit grew 358 percent YoY to Rs 3.66 crore in Q3 FY26, from Rs 79.75 lakh in Q3 FY25.

The firm’s revenue from operations meanwhile grew around 28 percent YoY to Rs 207.79 crore during the quarter under review.
<h3><strong>Tips Music Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/film-production-distributionentertainment/tipsmusic/TI25">Tips Music</a> shares rose more than 3 percent to close at Rs 536.10 apiece after the company. This came after the company’s net profit rose nearly 37 percent YoY to Rs 58.66 crore in Q3 FY26, from Rs 44.23 crore in Q3 FY25.

The firm’s revenue from operations meanwhile rose over 21 percent YoY to Rs 94.29 crore during the quarter under review.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Q3 Results impact: Havells India shares drop 7% as profit misses estimates; Aarti Surfactants, Tips Music jump up to 20%

The shares of Havells India declined in trade sharply on January 20 after the company’s results for the October-December quarter of FY26 missed estimates on some fronts. Aarti Surfactants and Tips Music shares meanwhile surged.

The three companies had released their results on January 19.
Havells India Q3 Results:
Havells India shares declined more than 7 percent to close at Rs 1,344.90 apiece. This comes a day after the company reported a standalone net profit of Rs 301.36 crore for Q3 FY26, marking a nearly 7 percent year-on-year (YoY) rise from Rs 282.81 crore in Q3 FY25 but a 5 percent QoQ decline from Rs 317.48 crore in Q2 FY26.

The firm’s revenue from operations meanwhile rose more than 14 percent YoY to Rs 5,573.44 crore during the quarter under review.

Along with the Q3 results, Havells India announced an interim dividend of Rs 4 per equity share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on January 23. The dividend will then be paid to the eligible shareholders on or before February 17.
Brokerages on Havells:
Motilal Oswal reiterated its 'Neutral' rating on the stock with a target price of Rs 1,590 apiece. This implies an upside potential of nearly 10 percent from the stock’s previous closing price of Rs 1447.1 apiece.

The domestic brokerage said that the company’s Q3 results came in below its estimates, as margins remained under pressure across the C&amp;amp;W, Lloyd, and cable segments. “Going forward, the inventory situation of RAC, the implementation of price hikes due to new BEE norms, RM cost inflation, and growth in the C&amp;amp;W segment amid copper price fluctuations will be the key monitorables,” it added.

JM Financial said that the firm’s adjusted PAT was a “shade below expectations”, while EBITDA was in-line and revenue was above estimate. “Our FY26E EPS estimate goes up by 3%, primarily on the back of an increase in revenue from C&amp;amp;W, while our FY27/28E EPS estimate is largely unchanged. We maintain BUY with a PT of INR 1,750 (unchanged), valuing Havells at 50x Dec’27E EPS,” the brokerage said.

Nomura kept a ‘Buy’ call on the stock, with a target price of Rs 1,798 per share. This implies an upside potential of more than 24 percent from the stock’s previous closing price of Rs 1,447.1 apiece. The international brokerage said that the firm’s Q3 earnings beat

Jefferies kept a ‘Hold’ call on the stock, with a target price of Rs 1,555 per share. This implies an upside potential of nearly 7.5 percent over the stock’s previous closing price. The international brokerage said that the firm’s strong cables and wires growth offset weakness in Lloyd &amp;amp; Lighting.

Rising copper and aluminium prices may require calibrated price hikes, it added.
Aarti Surfactants Q3 Results:
Aarti Surfactants shares jumped 20 percent to hit the upper circuit at Rs 459.10 apiece on Tuesday. This comes after the firm’s net profit grew 358 percent YoY to Rs 3.66 crore in Q3 FY26, from Rs 79.75 lakh in Q3 FY25.

The firm’s revenue from operations meanwhile grew around 28 percent YoY to Rs 207.79 crore during the quarter under review.
Tips Music Q3 Results:
Tips Music shares rose more than 3 percent to close at Rs 536.10 apiece after the company. This came after the company’s net profit rose nearly 37 percent YoY to Rs 58.66 crore in Q3 FY26, from Rs 44.23 crore in Q3 FY25.

The firm’s revenue from operations meanwhile rose over 21 percent YoY to Rs 94.29 crore during the quarter under review.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The broader markets extended their losses in Tuesday’s session, mirroring the decline in the benchmark indices, Sensex and Nifty.

The Nifty Midcap 100 and Nifty Smallcap 100 underperformed the frontline indices, falling by up to 3 percent, while the benchmark Sensex and Nifty also traded lower.

&nbsp;

The Nifty Midcap 100 slipped below its 100-day moving average (DMA) to 57,898.65 during intraday trade, with <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/oberoirealty/OR">Oberoi Realty</a> and UPL emerging as the biggest laggards.

Shares of real estate companies declined sharply on Monday, led by losses in Oberoi Realty, as investor sentiment turned weak following the company’s Q3 earnings.

<a href="https://www.moneycontrol.com/news/business/markets/oberoi-realty-stock-falls-7-over-weak-q3-results-real-estate-index-falls-12-in-10-sessions-what-lies-ahead-13780917.html" target="_blank">Oberoi Realty reported a consolidated net profit of Rs 622.64 crore</a> for the October–December quarter of the ongoing financial year 2026. This represented a marginal year-on-year increase of 0.69 percent from Rs 618.38 crore reported in Q3 FY25, but an 18 percent quarter-on-quarter decline from Rs 760.26 crore recorded in the previous quarter (Q2 FY26).

The Nifty Smallcap 100 index extended its losing streak for a third consecutive session, falling over 4 percent during the period.

Newgen Software Technologies, Data Patterns (India), Ola Electric Mobility and Aditya Birla Real Estate emerged as major laggards in the index, with their shares declining by as much as 12 percent.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM">Ola Electric Mobility</a> slipped 5.5 percent to Rs 33.7, hitting their lowest level in nearly a month, after the electric vehicle maker announced the resignation of its <a href="https://www.moneycontrol.com/news/business/markets/ola-electric-shares-extend-losses-to-10th-session-fall-6-after-cfo-resigns-13780637.html" target="_blank">Chief Financial Officer Harish Abichandani</a> due to personal reasons. The company said Deepak Rastogi has been appointed as the new CFO with effect from January 20.

The stock marked its tenth consecutive session of decline and has fallen 57.7 percent so far in 2025.

N ArunaGiri, CEO of TrustLine Holdings, said "It has been a one-way fall for the small-cap index since the start of November last year. At the index level, small caps are down over 11.5% since then. That alone looks painful, but the reality beneath the surface is far worse. Even in the current month, from January 1st, the small-cap index has fallen by about 7.5%. And this is only the aggregate picture. When we go deeper, the stock-specific carnage is severe. A large number of stocks are down 40–50%. In fact, one could argue that nearly half the market, particularly across the small-cap spectrum, has seen drawdowns of this magnitude."

"The pain in mid caps is equally intense. Given the extent of the fall and the brutality of the correction, the obvious question arises: Has this become a buy-on-dips market? Unfortunately, the answer is no. Valuations remain meaningfully above historical averages. Before this correction, the small-cap index was trading at around 28–30x trailing earnings. Post the fall, valuations have moderated to about 25–26x, but this is still a huge premium to long-term averages. So at a broader market level, small and mid caps continue to look expensive, and it would be naïve to rule out more pain in the space. Does that mean investors should simply sit on the fence and wait for much lower levels? That approach is equally not prudent. At the stock-specific level, for truly bottom-up and selective investors, many compelling opportunities are emerging across small and mid caps, provided one is extremely choosy. In that sense, this is not a universal buy-on-dips market, nor is it a market to completely stay out of. It is a market that rewards selective bottom-up stock-specific approach. That, in essence, is the story emerging from the current small- and mid-cap carnage. Time to be choosy, selective and bottom-up," he added.

Extending its previous day's decline, the Sensex tumbled 1,065.71 points, or 1.28 percent to settle at 82,180.47. During the day, it dropped 1,235.6 points, or 1.48 percent to 82,010.58.

The Nifty tanked 353 points, or 1.38 percent to end at 25,232.50, marking its steepest single day decline since April 7, 2025. The sharp fall dragged the index to its lowest closing level since October 15, 2025.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Broader markets extend losses, fall up to 3%: Nifty Midcap 100 goes below 100-DMA; Ola, Oberoi Realty among top losers

The broader markets extended their losses in Tuesday’s session, mirroring the decline in the benchmark indices, Sensex and Nifty.

The Nifty Midcap 100 and Nifty Smallcap 100 underperformed the frontline indices, falling by up to 3 percent, while the benchmark Sensex and Nifty also traded lower.

&amp;nbsp;

The Nifty Midcap 100 slipped below its 100-day moving average (DMA) to 57,898.65 during intraday trade, with Oberoi Realty and UPL emerging as the biggest laggards.

Shares of real estate companies declined sharply on Monday, led by losses in Oberoi Realty, as investor sentiment turned weak following the company’s Q3 earnings.

Oberoi Realty reported a consolidated net profit of Rs 622.64 crore for the October–December quarter of the ongoing financial year 2026. This represented a marginal year-on-year increase of 0.69 percent from Rs 618.38 crore reported in Q3 FY25, but an 18 percent quarter-on-quarter decline from Rs 760.26 crore recorded in the previous quarter (Q2 FY26).

The Nifty Smallcap 100 index extended its losing streak for a third consecutive session, falling over 4 percent during the period.

Newgen Software Technologies, Data Patterns (India), Ola Electric Mobility and Aditya Birla Real Estate emerged as major laggards in the index, with their shares declining by as much as 12 percent.

Shares of Ola Electric Mobility slipped 5.5 percent to Rs 33.7, hitting their lowest level in nearly a month, after the electric vehicle maker announced the resignation of its Chief Financial Officer Harish Abichandani due to personal reasons. The company said Deepak Rastogi has been appointed as the new CFO with effect from January 20.

The stock marked its tenth consecutive session of decline and has fallen 57.7 percent so far in 2025.

N ArunaGiri, CEO of TrustLine Holdings, said &quot;It has been a one-way fall for the small-cap index since the start of November last year. At the index level, small caps are down over 11.5% since then. That alone looks painful, but the reality beneath the surface is far worse. Even in the current month, from January 1st, the small-cap index has fallen by about 7.5%. And this is only the aggregate picture. When we go deeper, the stock-specific carnage is severe. A large number of stocks are down 40–50%. In fact, one could argue that nearly half the market, particularly across the small-cap spectrum, has seen drawdowns of this magnitude.&quot;

&quot;The pain in mid caps is equally intense. Given the extent of the fall and the brutality of the correction, the obvious question arises: Has this become a buy-on-dips market? Unfortunately, the answer is no. Valuations remain meaningfully above historical averages. Before this correction, the small-cap index was trading at around 28–30x trailing earnings. Post the fall, valuations have moderated to about 25–26x, but this is still a huge premium to long-term averages. So at a broader market level, small and mid caps continue to look expensive, and it would be naïve to rule out more pain in the space. Does that mean investors should simply sit on the fence and wait for much lower levels? That approach is equally not prudent. At the stock-specific level, for truly bottom-up and selective investors, many compelling opportunities are emerging across small and mid caps, provided one is extremely choosy. In that sense, this is not a universal buy-on-dips market, nor is it a market to completely stay out of. It is a market that rewards selective bottom-up stock-specific approach. That, in essence, is the story emerging from the current small- and mid-cap carnage. Time to be choosy, selective and bottom-up,&quot; he added.

Extending its previous day's decline, the Sensex tumbled 1,065.71 points, or 1.28 percent to settle at 82,180.47. During the day, it dropped 1,235.6 points, or 1.48 percent to 82,010.58.

The Nifty tanked 353 points, or 1.38 percent to end at 25,232.50, marking its steepest single day decline since April 7, 2025. The sharp fall dragged the index to its lowest closing level since October 15, 2025.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nifty Bank index fell 0.65 percent, led by sharp declines in PSU bank stocks, Yes Bank and IndusInd Bank were top losers, dropping over 4 percent each, HDFC Bank, Kotak Mahindra Bank, and SBI traded with marginal gains

* Nifty Bank index fell 0.65 percent, led by sharp declines in PSU bank stocks
* Yes Bank and IndusInd Bank were top losers, dropping over 4 percent each
* HDFC Bank, Kotak Mahindra Bank, and SBI traded with marginal gains

Nifty Bank index fell 0.65% after a four-day rise, led by sharp declines in PSU banks. Yes Bank and IndusInd Bank dropped over 4%. HDFC Bank, Kotak Mahindra Bank, and SBI saw marginal gains. Key support is at 59,500; resistance at 60,000.

shorts/business/bank-nifty-extends-decline-for-2nd-day-psu-bank-index-falls-1-2-what-should-investors-do

* Nifty Bank index fell 0.65 percent, led by sharp declines in PSU bank stocks
* Yes Bank and IndusInd Bank were top losers, dropping over 4 percent each
* HDFC Bank, Kotak Mahindra Bank, and SBI traded with marginal gains

The Nifty Bank index extended decline for the second consecutive session after a four-day gaining streak. PSU bank stocks declined sharply, while some of the heavyweight private banks bucked the trend.

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Nifty Bank index</a> was down 0.65 percent to 59,499.40, as seen at 2:05 pm. The Nifty PSU Bank index meanwhile fell around 1.4 percent to 8,860.05.
<h3><strong>Top losers on Nifty Bank today:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/yesbank/YB">Yes Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> shares were the top losers on the index, falling more than 4 percent each to trade at Rs 21.78 apiece and Rs 907.15 apiece respectively. Federal Bank shares fell over 3 percent.

AU Small Finance Bank, Canara Bank, Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>) and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB">Bank of Baroda</a> shares dropped more than 2 percent each. IDFC First Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/unionbankindia/UBI01">Union Bank of India</a> shares were down more than 1 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a> and ICICI Bank shares were trading in the red with marginal losses.

Bucking the trend, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a>, Kotak Mahindra Bank and State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>) shares were trading in the green with marginal gains.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Bank Nifty continues to show relative outperformance, maintaining a bullish structure despite mild resistance near 60,200, said Emkay Global Financial Services. A sustained move above this level may fuel further upside, while the 59,200–58,900 zone is expected to act as a strong support cushion, the brokerage said.

Axis Securities meanwhile said that Bank Nifty is centered around the 60,000 level, which is acting as a key pivot for the current expiry. 59,500 is a strong support zone, supported by heavy Put open interest, while 60,000 remains the major resistance, marked by the highest Call open interest, according to the domestic brokerage.

"Bank Nifty exhibited relative resilience near 59,800–60,000, but hesitation around 60,000 underscores indecision in the banking complex. A break above 60,000 could revive short-term bullish sentiment, while a breach of 59,500–59,600 might signal extended consolidation," said Choice Broking.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-asian-markets-slip-liveblog-13779930.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Bank Nifty extends decline for 2nd day; PSU bank index falls 1.4%: What should investors do?

The Nifty Bank index extended decline for the second consecutive session after a four-day gaining streak. PSU bank stocks declined sharply, while some of the heavyweight private banks bucked the trend.

The Nifty Bank index was down 0.65 percent to 59,499.40, as seen at 2:05 pm. The Nifty PSU Bank index meanwhile fell around 1.4 percent to 8,860.05.
Top losers on Nifty Bank today:
Yes Bank and IndusInd Bank shares were the top losers on the index, falling more than 4 percent each to trade at Rs 21.78 apiece and Rs 907.15 apiece respectively. Federal Bank shares fell over 3 percent.

AU Small Finance Bank, Canara Bank, Punjab National Bank (PNB) and Bank of Baroda shares dropped more than 2 percent each. IDFC First Bank and Union Bank of India shares were down more than 1 percent, while Axis Bank and ICICI Bank shares were trading in the red with marginal losses.

Bucking the trend, HDFC Bank, Kotak Mahindra Bank and State Bank of India (SBI) shares were trading in the green with marginal gains.
Technical view on Bank Nifty:
Bank Nifty continues to show relative outperformance, maintaining a bullish structure despite mild resistance near 60,200, said Emkay Global Financial Services. A sustained move above this level may fuel further upside, while the 59,200–58,900 zone is expected to act as a strong support cushion, the brokerage said.

Axis Securities meanwhile said that Bank Nifty is centered around the 60,000 level, which is acting as a key pivot for the current expiry. 59,500 is a strong support zone, supported by heavy Put open interest, while 60,000 remains the major resistance, marked by the highest Call open interest, according to the domestic brokerage.

&quot;Bank Nifty exhibited relative resilience near 59,800–60,000, but hesitation around 60,000 underscores indecision in the banking complex. A break above 60,000 could revive short-term bullish sentiment, while a breach of 59,500–59,600 might signal extended consolidation,&quot; said Choice Broking.

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Nifty Realty index drops 4% due to significant losses in Oberoi Realty shares., Oberoi Realty reported marginal Q3 profit rise, but revenue fell 16 percent QoQ, IT layoffs hurt housing demand, impacting realty stocks in key cities

* Nifty Realty index drops 4% due to significant losses in Oberoi Realty shares.
* Oberoi Realty reported marginal Q3 profit rise, but revenue fell 16 percent QoQ
* IT layoffs hurt housing demand, impacting realty stocks in key cities

Real estate stocks fell sharply, led by Oberoi Realty after weak Q3 results, pushing Nifty Realty down over 4%. IT sector layoffs have hit housing demand, especially luxury segments, causing further declines. Analysts expect continued pressure on the sector.

shorts/business/oberoi-realty-stock-falls-7-over-weak-q3-results-real-estate-index-falls-12-in-10-sessions-what-lies-ahead

* Nifty Realty index drops 4% due to significant losses in Oberoi Realty shares.
* Oberoi Realty reported marginal Q3 profit rise, but revenue fell 16 percent QoQ
* IT layoffs hurt housing demand, impacting realty stocks in key cities

The shares of real estate companies declined in trade sharply on January 20, led by losses in Oberoi Realty as sentiment turned sour after the company’s Q3 results.

The sharp fall in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-realty-34.html">Nifty Realty index</a> down more than 4 percent to 798.90, as seen at 1.50 pm, to emerge as the top sectoral loser today and recording decline for the third consecutive session. The sectoral index has now fallen for nine out of 10 sessions, dropping more than 13 percent during the period.

The sectoral index is set to record the sharpest single-day plunge since July 2025.
<h3><strong>Oberoi Realty Q3 Results:</strong></h3>
Oberoi Realty on Monday reported a consolidated net profit of Rs 622.64 crore for the October-December quarter of the ongoing financial year 2026. This marked a marginal rise of 0.69 percent from the Rs 618.38 crore net profit reported in Q3 FY25, but an 18 percent QoQ fall from the Rs 760.26 crore net profit reported in the previous quarter (Q2 FY26).

The firm’s revenue from operations meanwhile rose 6 percent YoY but fell more than 16 percent QoQ to Rs 1,492.64 crore during the quarter under review.

Along with the Q3 results, <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/oberoirealty/OR">Oberoi Realty</a> announced a third interim dividend of Rs 2 per equity share for the financial year 2025-2026. The record date to determine the eligibility of the shareholders set to receive the payment has been set at January 23. The dividend will be paid to the eligible shareholders on or before February 5.

"In 2026, we will continue to actively pursue attractive land opportunities, and we remain optimistic about the year ahead, supported by a strong development pipeline, prudent capital management, and our unwavering focus on creating future ready projects aligned with long-term market demand," said Vikas Oberoi, Chairman &amp; Managing Director of Oberoi Realty.

JP Morgan remains 'Overweight' on the stock, with a target price of Rs 2,050 apiece which implies an upside potential of nearly 24 percent from the stock's previous closing price. The international brokerage said that the numbers are relatively weak. If pre-sales numbers continue to disappoint, the stock's outperformance could narrow, the firm added.
<h3><strong>Top realty losers today:</strong></h3>
Oberoi Realty shares were the top loser on the index, dropping around 9 percent to trade at Rs 1,510.90 apiece. Sobha, <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/prestigeestatesprojects/PEP02">Prestige Estates</a> and Macrotech Developers (Lodha) shares meanwhile fell around 6 percent each.

Heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/godrejproperties/GP11">Godrej Properties</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/dlf/D04">DLF</a> shares dropped around 5 percent and 3 percent, respectively. Anant Raj and <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/phoenixmills/PM02">Phoenix Mills</a> shares fell around 3 percent each. Brigade Enterprises and Signature Global shares were trading in the red with marginal losses.
<h3><strong>What lies ahead?</strong></h3>
Indian IT sector has seen mass layoffs last year, which have now spilled over to this year. According to analysts, the IT layoffs have impacted housing demand in key areas, thereby impacting the stocks. IT layoffs are likely to be the major reason for the low demand in the luxury segment of urban centers like Bangalore and Hyderabad as they will be discouraging the high-income buyers, said Shashank Gupta, Director, RPS Group.

He added that mid-to-premium housing sales, which have already dropped 15 percent year-on-year, will continue to be affected negatively as the professionals will not be willing to upgrade, opting instead to rent amid such job uncertainties.

"The market has whispered to the executives with Nifty Realty down by 20% from the peaks and talking about the disruption posed by the AI, which also indicates that 30% of the IT jobs that are luxury demand would get stifled due to the automation by 2027. The stock corrections that are expected to be around 5-7% are dependent on the RBI rate cuts and policy revamps that could fuel the market by the second quarter of 2026," the analyst said.

Keshav Mangla, GM Business Development at Forteasia Realty, cited Anarock data to explain that financial tech layoffs of more than 1 lakh since 2024 have already resulted in a 12 percent drop in the demand for Tier-1 cities, thus resulting in developers' difficulties in managing cash flows and having to sell off their inventory.

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<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Real estate stocks see worst day in six months; Oberoi Realty falls 9% over weak Q3 results: What lies ahead?

The shares of real estate companies declined in trade sharply on January 20, led by losses in Oberoi Realty as sentiment turned sour after the company’s Q3 results.

The sharp fall in the share prices pushed the Nifty Realty index down more than 4 percent to 798.90, as seen at 1.50 pm, to emerge as the top sectoral loser today and recording decline for the third consecutive session. The sectoral index has now fallen for nine out of 10 sessions, dropping more than 13 percent during the period.

The sectoral index is set to record the sharpest single-day plunge since July 2025.
Oberoi Realty Q3 Results:
Oberoi Realty on Monday reported a consolidated net profit of Rs 622.64 crore for the October-December quarter of the ongoing financial year 2026. This marked a marginal rise of 0.69 percent from the Rs 618.38 crore net profit reported in Q3 FY25, but an 18 percent QoQ fall from the Rs 760.26 crore net profit reported in the previous quarter (Q2 FY26).

The firm’s revenue from operations meanwhile rose 6 percent YoY but fell more than 16 percent QoQ to Rs 1,492.64 crore during the quarter under review.

Along with the Q3 results, Oberoi Realty announced a third interim dividend of Rs 2 per equity share for the financial year 2025-2026. The record date to determine the eligibility of the shareholders set to receive the payment has been set at January 23. The dividend will be paid to the eligible shareholders on or before February 5.

&quot;In 2026, we will continue to actively pursue attractive land opportunities, and we remain optimistic about the year ahead, supported by a strong development pipeline, prudent capital management, and our unwavering focus on creating future ready projects aligned with long-term market demand,&quot; said Vikas Oberoi, Chairman &amp;amp; Managing Director of Oberoi Realty.

JP Morgan remains 'Overweight' on the stock, with a target price of Rs 2,050 apiece which implies an upside potential of nearly 24 percent from the stock's previous closing price. The international brokerage said that the numbers are relatively weak. If pre-sales numbers continue to disappoint, the stock's outperformance could narrow, the firm added.
Top realty losers today:
Oberoi Realty shares were the top loser on the index, dropping around 9 percent to trade at Rs 1,510.90 apiece. Sobha, Prestige Estates and Macrotech Developers (Lodha) shares meanwhile fell around 6 percent each.

Heavyweight Godrej Properties and DLF shares dropped around 5 percent and 3 percent, respectively. Anant Raj and Phoenix Mills shares fell around 3 percent each. Brigade Enterprises and Signature Global shares were trading in the red with marginal losses.
What lies ahead?
Indian IT sector has seen mass layoffs last year, which have now spilled over to this year. According to analysts, the IT layoffs have impacted housing demand in key areas, thereby impacting the stocks. IT layoffs are likely to be the major reason for the low demand in the luxury segment of urban centers like Bangalore and Hyderabad as they will be discouraging the high-income buyers, said Shashank Gupta, Director, RPS Group.

He added that mid-to-premium housing sales, which have already dropped 15 percent year-on-year, will continue to be affected negatively as the professionals will not be willing to upgrade, opting instead to rent amid such job uncertainties.

&quot;The market has whispered to the executives with Nifty Realty down by 20% from the peaks and talking about the disruption posed by the AI, which also indicates that 30% of the IT jobs that are luxury demand would get stifled due to the automation by 2027. The stock corrections that are expected to be around 5-7% are dependent on the RBI rate cuts and policy revamps that could fuel the market by the second quarter of 2026,&quot; the analyst said.

Keshav Mangla, GM Business Development at Forteasia Realty, cited Anarock data to explain that financial tech layoffs of more than 1 lakh since 2024 have already resulted in a 12 percent drop in the demand for Tier-1 cities, thus resulting in developers' difficulties in managing cash flows and having to sell off their inventory.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Bank Nifty extends decline for 2nd day; PSU bank index falls 1.4%: What should investors do?

Real estate stocks see worst day in six months; Oberoi Realty falls 9% over weak Q3 results: What lies ahead?

Bank - Public Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Bank - Public industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Fidelity Investments almost exits Aditya Birla Lifestyle, sells 1.76% stake in Aditya Birla Fashion

Q3 Results impact: Havells India shares drop 7% as profit misses estimates; Aarti Surfactants, Tips Music jump up to 20%

Broader markets extend losses, fall up to 3%: Nifty Midcap 100 goes below 100-DMA; Ola, Oberoi Realty among top losers

Bank Nifty extends decline for 2nd day; PSU bank index falls 1.4%: What should investors do?

Real estate stocks see worst day in six months; Oberoi Realty falls 9% over weak Q3 results: What lies ahead?

Bank - Public Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Bank - Public industry stocks.