Closing Bell: Market deep in red; Sensex tanks 1,066 pts, Nifty below 25,250

Indian benchmark indices ended weak with Nifty below 25,250 on January 20 amid selling across the sectors. At close, the Sensex was down 1065.78 points or 1.28 percent at 82,180.47, and the Nifty was down 353 points or 1.38 percent at 25,232.50.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

On the weekly expiry day, Nifty began on a negative note and as prices broke below key support levels, a cascading sell-off ensued, leading to sharp declines through the session. Eventually, Nifty ended the day with a loss of 1.38%, closing tad above the 25200 mark.

Over the last 15 days, Nifty has erased more than 1,100 points and in the process has broken multiple key support levels, indicating that weakness may persist in the near term. On the daily chart, prices have slipped below the November swing low and also closed below the golden retracement level (61.8%) of the entire upmove from the September swing low near 24600. On the indicators front, the RSI Smoothened has entered the oversold zone below 25 for the first time since August; however, considering the broad-based nature of the sell-off, attempting to catch the bottom may be premature.

From a levels perspective, prices are now at a knocking distance of the long-term 200-DSMA, with 25100–25000 emerging as a crucial support zone for the coming sessions. On the flip side, given the sharpness of the recent decline, identifying a precise resistance zone is challenging; nevertheless, the 25500–25600 region is likely to act as a stiff hurdle.

While oscillators are deeply oversold and prices have approached long-term support levels ahead of the key Budget session, we would prefer to remain cautious and not rush to call a bottom until clear reversal signals or a base formation emerge.

The benchmark Nifty index witnessed a brutal selloff on Tuesday, tumbling 1.38%, 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, as relentless selling pressure dominated throughout the session. On the daily chart, Nifty formed a large bearish candle, underscoring the intensity of the selloff.

With this slide, the index has now corrected over 4% in just 10 trading sessions, one of the fastest short term declines in recent months. Nifty is currently hovering near its 200 day EMA, a crucial long term support zone watched closely by traders and institutional investors. Meanwhile, the daily RSI has dropped to 29.27, its weakest reading since March 2025, indicating oversold conditions but also reflecting strong downward momentum.

Among the Nifty constituents, Bajaj Finance and Jio Finance emerged as the top losers, dragging the index lower. On the flip side, Tata Consumer and HDFC Bank managed to close in the green, offering limited support in an otherwise weak market. All sectoral indices ended in deep red, with Nifty Realty, Nifty Auto, and Nifty Chemical suffering the sharpest cuts, highlighting the broad based nature of the decline.

The pain was even more severe in the broader markets. The Nifty Midcap 100 plunged 2.62%, while the Nifty Smallcap 100 tumbled 2.85%, extending their underperformance. Most notably, the Midcap index closed below its 200 day EMA for the first time since August 2025, signalling a potential shift in medium term trend. The Smallcap index delivered its lowest close since May 2025 and is now trading nearly 6% below its 200 day EMA, reflecting significant stress in high beta pockets of the market.

Market breadth remained extremely weak as the advance decline ratio skewed heavily in favour of losers. Within the Nifty 500 index, a staggering 460 stocks ended in negative territory, capturing the depth of the selloff across sectors and segments.

Nifty View

Going ahead, the 25370–25400 zone will act as the immediate resistance for Nifty. This band has now become a critical supply zone, and as long as the index continues to trade below 25400, the broader sentiment is likely to remain weak.

Failure to reclaim this level may keep the index on its downward trajectory, with the next support placed at 25080. A breakdown below this support could extend the fall towards 24900 in the short term, where the next demand zone is likely to emerge.

Overall, the trend remains bearish, and the index will need a decisive move above 25400 to signal any meaningful pause or reversal in the ongoing corrective phase.

Bank Nifty View

The banking benchmark index, Bank Nifty, also came under pressure on Tuesday, extending the weakness seen across the broader market. The index slipped below its 20 day EMA, signalling a loss of short-term momentum after showing resilience in the previous sessions. The price action has turned subdued, and key momentum indicators, along with oscillators, are now pointing towards a sideways to mildly corrective phase, suggesting lack of clear directional conviction.

Looking ahead, the immediate support for the index is placed in the 59000–58900 zone. A breach below this band could trigger further downside volatility and expose the index to deeper corrective moves. On the upside, the index faces a stiff resistance cluster at 59900–60000, which is expected to act as a crucial hurdle.

The market is currently besieged by a perfect storm of global geopolitical tension and domestic fundamental weakness. The primary trigger remains the US administration's "Greenland Tariff" ultimatum, threatening 10-25% levies on European nations, which has ignited a fierce "Risk-Off" sentiment globally. This uncertainty, coupled with a weakening Rupee, has forced investors to aggressively dump emerging market assets like Indian equities in favor of safe havens such as Gold and US Treasury bonds.

Domestically, sentiment is further dampened by a lackluster Q3 earnings season, where heavyweights like Reliance and Wipro have missed estimates, fueling fears of slowing corporate growth.

Consequently, the Nifty has drifted to a precarious juncture at the 200-Day Moving Average (200-DMA) near 25,150. Widely regarded as the dividing line between a long-term bull and bear market, a decisive close below this level would be technically catastrophic, signaling a potential structural shift in the market trend.

Domestic markets remained cautious ahead of the U.S. Supreme Court’s ruling on Trump-era tariffs, with renewed uncertainty over U.S. trade policy prolonging the recent consolidation. Continued FII outflows, rising U.S. and Japanese bond yields, and a weakening rupee weighed on investor confidence.

Mid- and small-cap stocks underperformed the benchmarks, and sentiment was broadly negative across all sectors. In near term, market sentiment will hinge on the earnings season, while geopolitical developments and global trade conditions remain important influences.

Bears resumed control as bulls were increasingly marginalised amid ongoing transatlantic trade tensions. Supports looked fragile as the Nifty kept breaking them on the back of strong institutional selling.

Indicators remained in a bearish crossover and are approaching the oversold zone. On the daily chart, the index appears to be drifting towards the 200-DMA. Immediate support is seen around 25,100–25,150. If this level holds, a decent pullback can be expected.

Net Interest Income down 1.3% at Rs 1,489 crore versus Rs 1,509 crore, YoY

Revenue up 13.4% at Rs 401.6 crore versus Rs 354.3 crore, YoY

Indian rupee ended lower by 6 paise at 90.97 per dollar on Tuesday against previous close of 90.91.

Indian benchmark indices ended weak with Nifty below 25,250 on January 20 amid selling across the sectors.

At close, the Sensex was down 1065.78 points or 1.28 percent at 82,180.47, and the Nifty was down 353 points or 1.38 percent at 25,232.50. About 748 shares advanced, 3146 shares declined, and 100 shares unchanged.

All the sectoral indices ended in the red with Realty index falling 5%, while auto, IT, media, metal, PSU Bank, pharma, oil & gas, consumer durables fell 1.5-2.5 percent.

BSE Midcap and smallcap indices declined 2.5% each.

Biggest Nifty losers were Eternal, Bajaj Finance, Coal India, Adani Enterprises, Jio Financial, while gainers included Tata Consumer Products, Dr Reddy's Lab and HDFC Bank.

Correction of this nature should be read as a healthy reset rather than a structural warning. Corrections are an integral part of equity markets and often create the very opportunities long-term investors wait for. Prices correcting without a meaningful deterioration in earnings outlook improves the risk to reward equation. Investing, at its core, is about buying businesses at reasonable valuations, and phases like these allow investors to accumulate quality stocks at relatively better prices.

Gradual accumulation during corrections has historically delivered superior returns. Over full market cycles, this approach has repeatedly differentiated informed investors, as the benefits of compounding work most powerfully on investments made during periods of correction rather than period of market highs.

Periods of corrections are where SIPs demonstrate their true strength. SIP allocations during lower market levels provides cost averaging, allowing investors to accumulate more units at reduced prices, which incrementally improves long-term returns and compounding.

Waiting for stability often results in missing attractive entry points, while continuing SIPs during corrections builds discipline and removes emotional decision-making from the process. For long-term wealth creation, consistency matters far more than by attempting to time market inflection points.

QIB – 0.34 times

NII - 0.16 times

Retail – 1 times

Employee Reserved - 0.86 times

Overall – 0.42 times

#1 Q3 EBITDA up 35 percent YoY driven by better silver prices, weaker rupee lower costs & higher volumes

#2 Zinc LME slightly higher YoY, lead marginally lower

#3 EBITDA up 36 percent QoQ due to better zinc/silver prices, weaker rupee & lower costs

#4 Targetting 2 percent refined volume growth in FY26 & CoP of USD 1,000

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!

The Sensex was down 944.68 points or 1.13 percent at 82,301.50, and the Nifty was down 314.30 points or 1.23 percent at 25,271.20. About 719 shares advanced, 3145 shares declined, and 108 shares unchanged.

ITC Hotels was quoting at Rs 183.20, down Rs 2, or 1.08 percent.

It has touched an intraday high of Rs 186.70 and an intraday low of Rs 182.85.

Gold is trading near its lifetime high. On MCX, it is trading above ₹148000 per 10 grams, while on COMEX it has crossed $4700 per ounce.

Gold and silver have climbed to record highs as global tensions continue to mount. Markets have been unsettled by Donald Trump’s renewed push to acquire Greenland, alongside U.S. plans to impose tariffs of 10% from February 1 on eight European countries including France, Germany, and the UK, with the threat of rates rising to 25% by June.

Europe is weighing retaliation on more than $100 billion worth of U.S. goods, raising fears of a trade war between NATO allies and reviving safe-haven demand as investors lean into the “Sell America” trade. Emmanuel Macron has signaled he may invoke the EU’s anti-coercion instrument, though Friedrich Merz has called for a softer approach. Beyond Europe, ongoing geopolitical risks from lingering uncertainty in Venezuela and fragile U.S.–Iran relations despite recent calm, to the still-unresolved Russia–Ukraine conflict are keeping investors cautious and gold well supported.

The Indian rupee has also weakened sharply since the start of 2026. USDINR January futures on the NSE are currently trading above 91, marking a depreciation of over one rupee so far this year. Domestic participants are benefiting from two simultaneous drivers: rising global gold prices and rupee depreciation together amplifying returns.

QIB – 0.34 times

NII - 0.15 times

Retail – 0.95 times

Employee Reserved - 0.81 times

Overall – 0.40 times

Shares of Bajaj Electricals rose 2% as electric appliances maker to foray into wires segment as a new business line.

Company plans to launch product shortly and assess market to ascertain investment required.

The Sensex was down 609.44 points or 0.73 percent at 82,636.74, and the Nifty was down 219.45 points or 0.88 percent at 25,366.05. About 806 shares advanced, 2992 shares declined, and 124 shares unchanged.

Phoenix Mills was quoting at Rs 1,795.50, down Rs 44.10, or 2.40 percent.

It has touched an intraday high of Rs 1,839.55 and an intraday low of Rs 1,795.50.

It was trading with volumes of 80,443 shares, compared to its five day average of 13,646 shares, an increase of 489.48 percent.

In the previous trading session, the share closed down 1.04 percent or Rs 19.40 at Rs 1,839.60.

The share touched a 52-week high of Rs 1,965.00 and a 52-week low of Rs 1,403.00 on 07 January, 2026 and 11 August, 2025, respectively.

Currently, the stock is trading 8.63 percent below its 52-week high and 27.98 percent above its 52-week low.

Market capitalisation stands at Rs 64,206.78 crore.

Indian rupee is trading lower at 90.96 per dollar versus previous close of 90.91

#1 Q3 EBITDA in-line, up 36 percent QoQ

#2 Silver EBIT surged 56 percent QoQ, accounted for 44 percent of EBIT

#3 Hedged 7 percent of FY27 zinc volume at USD 3,117/t & 8 percent of silver at USD 58/oz

#4 Assumes average zinc/silver prices of USD 3,000/2,900 & USD 60/55 for FY27/28

#5 EBITDA lifted by 28 percent/21 percent for FY27/28

#6 Valuation expensive at 11.1x FY28 EV/EBITDA

#1 Q3 beat led by wires & cables, focus on demand revival

#2 Infrastructure & construction demand strong, capacity ramp-up supportive

#3 Broad-based consumption recovery key for operating leverage

#4 Commodity cost pass-through remains a monitorable

#5 Expects 18 percent revenue CAGR & EBITDA margin expansion to 11.5 percent by FY28

#6 EPS CAGR of 28 percent over FY26–28

Havells India was quoting at Rs 1,364.70, down Rs 80.45, or 5.57 percent.

It has touched an intraday high of Rs 1,454.95 and an intraday low of Rs 1,362.10.

It was trading with volumes of 57,440 shares, compared to its five day average of 30,671 shares, an increase of 87.28 percent.

DCB Bank was quoting at Rs 185.45, down Rs 5.80, or 3.03 percent.

It has touched an intraday high of Rs 192.95 and an intraday low of Rs 183.25.

It was trading with volumes of 73,175 shares, compared to its five day average of 110,578 shares, a decrease of -33.82 percent.

In the previous trading session, the share closed up 1.81 percent or Rs 3.40 at Rs 191.25.

The share touched a 52-week high of Rs 193.00 and a 52-week low of Rs 101.35 on 19 January, 2026 and 03 March, 2025, respectively.

Currently, the stock is trading 3.91 percent below its 52-week high and 82.98 percent above its 52-week low.

Market capitalisation stands at Rs 5,966.76 crore.

KEI Industries was quoting at Rs 4,140.55, down Rs 176.95, or 4.10 percent.

It has touched an intraday high of Rs 4,322.25 and an intraday low of Rs 4,137.25.

It was trading with volumes of 8,097 shares, compared to its five day average of 8,805 shares, a decrease of -8.05 percent.

In the previous trading session, the share closed down 1.46 percent or Rs 63.85 at Rs 4,317.50.

The share touched a 52-week high of Rs 4,588.15 and a 52-week low of Rs 2,443.70 on 07 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 9.76 percent below its 52-week high and 69.44 percent above its 52-week low.

Market capitalisation stands at Rs 39,583.90 crore.

In the terms of the food services industry, the upcoming Union Budget is a good chance to eliminate the structural issues that have been existing over time and open up the way to sustainable development. One of them is GST rationalisation, especially reintroduction of input tax credit (ITC) on organised food service operators.

Even though GST has helped formalisation, lack of ITC has made it difficult to squeeze margins of formalised players who presently take about 45-50 percent of the market and access to institutional funds has also been restricted as far as visibility of costs is low.

The restoration of ITC may generate a good multiplier effect through enhancing a better clarity on costs, flowing formal credit, enhancing compliance, and triggering agri-business linkages along the value chain.

Of equal importance is specialized financial aid in the use of technology and development of skill. As the number of workers in the food services sector is expected to increase to 1 crore by 2028, the issue of structured skilling needs to be undertaken to enhance productivity, quality of service and overall adherence to the changing food safety standards.

The inefficiencies and food waste can be minimised by incentivising automation, digitisation of demand forecasting, and procurement, led by AI. Further, the sustainable practices policy incentives, including energy efficient kitchen equipment, implementation of renewable energy and waste management, can assist in reducing operating expenses and also aligning the industry with the general aim of climate and sustainability pursued by India.

The company's revenue down 12% at Rs 294 crore versus Rs 333 crore, YoY.

Tata Teleservices (Maharashtra) was quoting at Rs 44.11, down Rs 0.94, or 2.09 percent.

It has touched a 52-week low of Rs 44.

It has touched an intraday high of Rs 45.29 and an intraday low of Rs 44.

It was trading with volumes of 231,783 shares, compared to its five day average of 318,832 shares, a decrease of -27.30 percent.

QIB – 0.09 times

NII - 0.12 times

Retail – 0.78 times

Employee Reserved - 0.68 times

Overall – 0.22 times

The Sensex was down 453.86 points or 0.55 percent at 82,792.32, and the Nifty was down 161.15 points or 0.63 percent at 25,424.35. About 888 shares advanced, 2847 shares declined, and 135 shares unchanged.

The company has secured multiple confirmed orders from various clients, aggregating to Rs 248.2 crore across several business verticals.

JSW Infrastructure was quoting at Rs 270.25, down Rs 2.50, or 0.92 percent.

It has touched an intraday high of Rs 275.05 and an intraday low of Rs 268.05.

It was trading with volumes of 1,533,676 shares, compared to its five day average of 3,047,278 shares, a decrease of -49.67 percent.

Medico Remedies has secured government supply order for Rs 73,23,16,646 to supply drugs to Uttar Pradesh Medical Supplies

Corporation Limited.

Medico Remedies was quoting at Rs 45.45, down Rs 1.73, or 3.67 percent.

It has touched an intraday high of Rs 46.51 and an intraday low of Rs 45.00.

It was trading with volumes of 8,118 shares, compared to its five day average of 4,256 shares, an increase of 90.73 percent.

#1 Strong Q3 with EBITDA up 36 percent QoQ, 8 percent above estimates

#2 Benefiting from rising silver prices, zinc prices holding up well

#3 Costs remain under control, FY26-28 EPS raised by 3–10 percent

#4 Expect 47 percent YoY EPS growth in FY27, followed by 6 percent In FY28

#5 Valuation at 9.4x FY27 EV/EBITDA vs long-term average of 7.3x, justified by rising silver share in EBIT

The continued global uncertainties, including US pressure on Greenland, have led to a risk-off sentiment in markets. This has led to strong demand for precious metals, with gold and silver prices touching an all-time high.

The risk-off sentiment, along with strong offshore hedging in USDINR, has led to USDINR touching 91 per dollar. The current macro environment is likely to maintain depreciating pressure on the INR.

The Composite License for Grant of Mineral Concession has been awarded to Coal India by Ministry of Mines, Government of India.

Coal India was quoting at Rs 420.75, down Rs 9.05, or 2.11 percent.

It has touched an intraday high of Rs 431.00 and an intraday low of Rs 419.75.

It was trading with volumes of 863,487 shares, compared to its five day average of 1,375,723 shares, a decrease of -37.23 percent.

In the previous trading session, the share closed down 0.28 percent or Rs 1.20 at Rs 429.80.

The share touched a 52-week high of Rs 442.00 and a 52-week low of Rs 349.20 on 14 January, 2026 and 17 February, 2025, respectively.

Currently, the stock is trading 4.81 percent below its 52-week high and 20.49 percent above its 52-week low.

Market capitalisation stands at Rs 259,296.79 crore.

The company’s subsidiary, Advanta Enterprises, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise funds via an IPO. The IPO comprises entirely an offer for sale of 3.61 crore equity shares by existing shareholders, including UPL, which will be selling 2.81 crore shares.

UPL was quoting at Rs 752.05, down Rs 33.45, or 4.26 percent.

It has touched an intraday high of Rs 797.25 and an intraday low of Rs 751.60.

It was trading with volumes of 38,562 shares, compared to its five day average of 137,072 shares, a decrease of -71.87 percent.

In the previous trading session, the share closed down 0.70 percent or Rs 5.55 at Rs 785.50.

The share touched a 52-week high of Rs 812.00 and a 52-week low of Rs 531.50 on 02 January, 2026 and 22 January, 2025, respectively.

Currently, the stock is trading 7.38 percent below its 52-week high and 41.5 percent above its 52-week low.

Market capitalisation stands at Rs 59,934.73 crore.

Eternal was quoting at Rs 276.35, down Rs 4.90, or 1.74 percent.

It has touched an intraday high of Rs 282.25 and an intraday low of Rs 271.80.

It was trading with volumes of 661,961 shares, compared to its five day average of 2,357,194 shares, a decrease of -71.92 percent.

In the previous trading session, the share closed down 2.19 percent or Rs 6.30 at Rs 281.25.

The share touched a 52-week high of Rs 368.40 and a 52-week low of Rs 189.60 on 16 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 24.99 percent below its 52-week high and 45.75 percent above its 52-week low.

Market capitalisation stands at Rs 266,687.44 crore.

This current surge in gold and silver prices is largely driven due to the global uncertainty and geopolitical tensions, which are pushing investors towards gold as a safe-haven. A strong international demand, coupled with concerns around inflation and potential trade disruptions due to the Trump Tariffs, are primary triggers driving the prices of both precious metals to a new high. While such volatility may persist in the near term, these elevated prices could lead to cautious consumer sentiment in the jewellery market, especially in price-sensitive segments. This may Internationally cause further disruptions both in terms of exports as well as buyers’ approach especially towards the yellow metal when it comes to the end-consumer segment.

However, domestically, the demand is unlikely to disappear rather, it may also shift towards lighter jewellery, flexible purchasing options, and investment-led buying. In the medium to long term, sustained economic uncertainty will continue to keep gold well-supported, reinforcing its dual role as both an adornment and a store of value.

Intellect Design Arena Ltd today announced the signing of its Purple Fabric-powered Governance, Risk & Compliance (GRC) mandate in Canada with Carte Financial Group, a leading independent mutual fund dealer and national Managing General Agency. The multi-year agreement marks a significant milestone in the adoption of AI-led regulatory operations within the Canadian financial services ecosystem.

Intellect Design Arena was quoting at Rs 901.50, up Rs 2.20, or 0.24 percent.

It has touched an intraday high of Rs 904.15 and an intraday low of Rs 882.75.

It was trading with volumes of 4,411 shares, compared to its five day average of 9,843 shares, a decrease of -55.18 percent.

Naqel Express and Unicommerce have joined hands to strengthen logistics for e-commerce brands across Saudi Arabia.

Through this partnership, e-commerce businesses in the Kingdom of Saudi Arabia (KSA) using Unicommerce’s platform will be seamlessly connected to Naqel’s extensive logistics network, offering strong and efficient last-mile delivery options across the Kingdom.

Unicommerce Esolutions was quoting at Rs 108.00, down Rs 0.85, or 0.78 percent.

It has touched an intraday high of Rs 109.10 and an intraday low of Rs 107.00.

It was trading with volumes of 6,171 shares, compared to its five day average of 483,440 shares, a decrease of -98.72 percent.

Prostarm Info Systems has been declared as L-1 bidder by Steel Authority of India for supply, installation and commissioning of 2MW SITC of 2MW (AC) Roof Top Solar PV System on Burnpur Plant, West Bengal at Rs 6.71 crore.

Prostarm Info Systems was quoting at Rs 154.69, down Rs 0.45, or 0.29 percent.

It has touched an intraday high of Rs 156.99 and an intraday low of Rs 153.08.

ITC Hotels, AU Small Finance Bank, Canara Robeco Asset Management Company, CreditAccess Grameen, Cyient DLM, Gujarat Gas, IndiaMART InterMESH, Jammu & Kashmir Bank, Persistent Systems, Rallis India, SRF, Tata Teleservices (Maharashtra), United Spirits, and Vikram Solar will announce their quarter earnings today.

The Sensex was down 258.16 points or 0.31 percent at 82,988.02, and the Nifty was down 118.45 points or 0.46 percent at 25,467.05. About 979 shares advanced, 2663 shares declined, and 149 shares unchanged.

#1 Strong cables & wires growth offset weakness in Lloyd & lighting

#2 Volume growth >20 percent with multiple price hikes, continuing in Q4

#3 Rising copper & aluminium prices may require calibrated price hikes

#4 Trades at 50x FY27 PE, around 5 percent above 10-year average

Indian rupee is trading near record low at 91.02 per dollar versus previous close of 90.91

QIB – 0.00 times

NII - 0.09 times

Retail – 0.58 times

Employee Reserved - 0.51 times

Overall – 0.13 times

HPCL has signed a Sale Purchase Agreement (SPA) with Abu Dhabi Gas Liquefaction Company (ALNG), UAE, for the procurement of Liquefied Natural Gas (LNG) for a 10-year term. ALNG is a subsidiary of ADNOC Gas.

HPCL will receive LNG at its 5 million tonne per annum LNG storage and regasification terminal at Chhara, Gujarat.

Hindustan Petroleum Corporation was quoting at Rs 439.95, down Rs 13.95, or 3.07 percent.

It has touched an intraday high of Rs 454.45 and an intraday low of Rs 438.70.

It was trading with volumes of 82,898 shares, compared to its five day average of 363,964 shares, a decrease of -77.22 percent.

In the previous trading session, the share closed down 0.85 percent or Rs 3.90 at Rs 453.90.

The share touched a 52-week high of Rs 508.45 and a 52-week low of Rs 287.55 on 05 January, 2026 and 03 March, 2025, respectively.

Kotak Mahindra Bank was quoting at Rs 430.60, up Rs 3.90, or 0.91 percent.

It has touched an intraday high of Rs 431 and an intraday low of Rs 426.60.

It was trading with volumes of 32,892 shares, compared to its five day average of 1,414,247 shares, a decrease of -97.67 percent.

In the previous trading session, the share closed up 2.02 percent or Rs 8.45 at Rs 426.70.

The share touched a 52-week high of Rs 460.31 and a 52-week low of Rs 372.30 on 22 April, 2025 and 27 January, 2025, respectively.

Currently, the stock is trading 6.45 percent below its 52-week high and 15.66 percent above its 52-week low.

Market capitalisation stands at Rs 428,252.93 crore.

The company has been allotted 100 acres of land by the Yamuna Expressway Industrial Development Authority (YEIDA) for the establishment of a new manufacturing facility at Sector 8, YEIDA, near Jewar Airport.

Further, Ascent-K Circuit, a subsidiary of IL JIN Electronics (India), which is a material subsidiary of the company, has been allotted 16 acres of land by YEIDA for setting up a separate manufacturing unit at Sector 10, YEIDA, near Jewar Airport.

The combined proposed investment for both facilities will be Rs 6,785 crore, to be undertaken over the period of the investment scheme.

Amber Enterprises India Limited was quoting at Rs 6,105.00, up Rs 36.65, or 0.60 percent.

It has touched an intraday high of Rs 6,147.75 and an intraday low of Rs 6,058.45.

It was trading with volumes of 1,742 shares, compared to its five day average of 7,980 shares, a decrease of -78.17 percent.

The board has appointed Rampraveen Swaminathan as Managing Director of the company for a term of five consecutive years, commencing January 22.

Archean Chemical Industries was quoting at Rs 540.35, down Rs 4.75, or 0.87 percent.

It has touched an intraday high of Rs 541.80 and an intraday low of Rs 534.00.

It was trading with volumes of 1,244 shares, compared to its five day average of 4,022 shares, a decrease of -69.07 percent.

In the previous trading session, the share closed down 0.63 percent or Rs 3.45 at Rs 545.10.

The company’s subsidiary, Deepak Chem Tech, has commissioned its nitration and second hydrogenation plant at Dahej, Gujarat.

The total capital expenditure incurred for the plant is Rs 85 crore as of the date of commissioning.

Monu Ratra has resigned as the Chief Executive Officer (CEO) of the company, effective January 19.

Capri Global Capital was quoting at Rs 177.40, down Rs 0.60, or 0.34 percent.

It has touched an intraday high of Rs 181.00 and an intraday low of Rs 175.60.

It was trading with volumes of 667,885 shares, compared to its five day average of 51,593 shares, an increase of 1,194.52 percent.

In the previous trading session, the share closed down 1.06 percent or Rs 1.90 at Rs 178.00.

The share touched a 52-week high of Rs 231.70 and a 52-week low of Rs 150.60 on 27 March, 2025 and 04 June, 2025, respectively.

Currently, the stock is trading 23.44 percent below its 52-week high and 17.8 percent above its 52-week low.

Market capitalisation stands at Rs 17,068.61 crore.

The company’s subsidiary, Sanghvi Movers Botswana Proprietary, has received a work order worth USD 4.3 million from Jindal Energy Botswana (Pty).

Sanghvi Movers was quoting at Rs 314.95, up Rs 5.90, or 1.91 percent.

It has touched an intraday high of Rs 320.10 and an intraday low of Rs 312.95.

It was trading with volumes of 18,958 shares, compared to its five day average of 9,518 shares, an increase of 99.18 percent.

In the previous trading session, the share closed down 1.17 percent or Rs 3.65 at Rs 309.05.

#1 Q3 earnings beat driven by higher volumes & lower costs

#2 Strong silver prices & weaker rupee should further lift earnings

#3 Expect Q4 to be even stronger on higher volumes & sharply higher silver prices

The board has appointed Deepak Rastogi as Chief Financial Officer (CFO) of the company, effective January 20, following the resignation of Harish Abichandani from the position, effective January 19.

Ola Electric Mobility was quoting at Rs 34.11, down Rs 1.67, or 4.67 percent.

It has touched an intraday high of Rs 35.76 and an intraday low of Rs 33.82.

It was trading with volumes of 4,467,606 shares, compared to its five day average of 9,367,193 shares, a decrease of -52.31 percent.

In the previous trading session, the share closed down 3.95 percent or Rs 1.47 at Rs 35.78.

Alchemy Capital Management has launched Alchemy Long Term Ventures Fund, Series III, a Category-III AIF.  The fund portfolio will primarily focus on smallcap, listed, and unlisted high-growth companies.

With a tenure of four years, the fund is close-ended in nature, and the minimum ticket size is INR 1 crore. The fund is sector-agnostic, with a flexibility to invest up to 35% of its corpus in private opportunities.

HDFC Bank was quoting at Rs 924.60, down Rs 3.00, or 0.32 percent.

It has touched an intraday high of Rs 929.50 and an intraday low of Rs 920.00.

It was trading with volumes of 82,904 shares, compared to its five day average of 1,280,127 shares, a decrease of -93.52 percent.

In the previous trading session, the share closed down 0.38 percent or Rs 3.55 at Rs 927.60.

The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 812.65 on 23 October, 2025 and 22 January, 2025, respectively.

Currently, the stock is trading 9.38 percent below its 52-week high and 13.78 percent above its 52-week low.

Market capitalisation stands at Rs 1,422,458.01 crore.

The GST waiver has made life insurance more affordable and accessible. We’re hopeful that this year’s Budget will continue that momentum.

Better tax benefits for protection and health plans—under both tax regimes—can help more families get covered. We also hope to see stronger support for pension products and an increase in the premium cap for ULIPs to Rs. 5 Lakh, similar to traditional plans.

Simple, inclusive reforms can go a long way in securing India’s financial future and accelerate progress towards ‘Insurance for All' by 2047.

The company’s subsidiary, Advanta Enterprises, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise funds via an IPO. The IPO comprises entirely an offer for sale of 3.61 crore equity shares by existing shareholders, including UPL, which will be selling 2.81 crore shares.

UPL was quoting at Rs 759.50, down Rs 26.00, or 3.31 percent.

It has touched an intraday high of Rs 797.25 and an intraday low of Rs 758.30.

It was trading with volumes of 19,179 shares, compared to its five day average of 137,072 shares, a decrease of -86.01 percent.

In the previous trading session, the share closed down 0.70 percent or Rs 5.55 at Rs 785.50.

The share touched a 52-week high of Rs 812.00 and a 52-week low of Rs 531.50 on 02 January, 2026 and 22 January, 2025, respectively.

Currently, the stock is trading 6.47 percent below its 52-week high and 42.9 percent above its 52-week low.

Market capitalisation stands at Rs 60,528.46 crore.

The company has received a work order from the Department of Prohibition, Excise and Registration, Government of Bihar for digitization of registration records preserved in the record rooms of Registration Offices.

The scope of work covers the locations of Purniya – (Registration records years :1959 to 1908) and Madhubani (Registration Record Years: 1984–1908). The total volume of documents to be digitized under the said work order is approximately 29 lakh documents. The total contract value of the work order is Rs 3,76,76,220, with a stipulated completion timeline of 180 days.

Atishay was quoting at Rs 188.95, down Rs 20.95, or 9.98 percent.

It has touched an intraday high of Rs 205.60 and an intraday low of Rs 188.95.

There were pending sell orders of 6,461 shares, with no buyers available.

The Sensex was down 362.56 points or 0.44 percent at 82,883.62, and the Nifty was down 127.65 points or 0.50 percent at 25,457.85. About 962 shares advanced, 2216 shares declined, and 155 shares unchanged.

Inox Green Energy Services has been awarded LoA from KEC International to provide O&M services for the 625 MWp solar project at Bhadla, Rajasthan.

With this addition, Inox Green’s solar O&M portfolio crosses 3 GW taking its total renewable O&M portfolio to > 13 GW.

Inox Green Energy Services was quoting at Rs 182.15, down Rs 0.20, or 0.11 percent.

It has touched an intraday high of Rs 183.70 and an intraday low of Rs 181.10.

It was trading with volumes of 8,746 shares, compared to its five day average of 247,958 shares, a decrease of -96.47 percent.

Aditya Birla Lifestyle Brands was quoting at Rs 113.80, down Rs 1.95, or 1.68 percent.

It has touched a 52-week low of Rs 110.

It has touched an intraday high of Rs 120.25 and an intraday low of Rs 110.

#1 Profit zooms 60.4 percent to Rs 155.8 crore Vs Rs 97.1 crore, YoY

#2 Revenue surges 26 percent to Rs 4,157 crore Vs Rs 3,299.9 crore, YoY

#3 Board proposed capital expenditure at company’s Chennai plant at Kannanthangal with investment of Rs 1,314 crore

Ceat was quoting at Rs 3,805.00, down Rs 76.55, or 1.97 percent.

It has touched an intraday high of Rs 3,980.40 and an intraday low of Rs 3,779.20.

It was trading with volumes of 11,530 shares, compared to its five day average of 5,030 shares, an increase of 129.22 percent.

In the previous trading session, the share closed up 2.33 percent or Rs 88.30 at Rs 3,881.55.

Bajaj Finance was quoting at Rs 941.60, down Rs 29.60, or 3.05 percent.

It has touched an intraday high of Rs 976.00 and an intraday low of Rs 939.10.

It was trading with volumes of 72,330 shares, compared to its five day average of 310,047 shares, a decrease of -76.67 percent.

In the previous trading session, the share closed up 2.18 percent or Rs 20.70 at Rs 971.20.

The share touched a 52-week high of Rs 1,102.45 and a 52-week low of Rs 725.61 on 23 October, 2025 and 27 January, 2025, respectively.

Currently, the stock is trading 14.59 percent below its 52-week high and 29.77 percent above its 52-week low.

Market capitalisation stands at Rs 585,908.89 crore.

#1 Profit increases 3.8 percent to Rs 43.3 crore Vs Rs 41.7 crore, YoY

#2 Revenue jumps 11.3 percent to Rs 1,029 crore Vs Rs 924.6 crore, YoY

Bansal Wire Industries was quoting at Rs 293.15, down Rs 6.30, or 2.10 percent.

It has touched an intraday high of Rs 304.90 and an intraday low of Rs 293.15.

It was trading with volumes of 58,556 shares, compared to its five day average of 105,521 shares, a decrease of -44.51 percent.

#1 Profit rises 0.7 percent to Rs 622.6 crore Vs Rs 618.4 crore, YoY

#2 Revenue grows 5.8 percent to Rs 1,492.6 crore Vs Rs 1,411.1 crore, YoY

Oberoi Realty was quoting at Rs 1,574.90, down Rs 76.90, or 4.66 percent.

It has touched an intraday high of Rs 1,619.95 and an intraday low of Rs 1,562.50.

It was trading with volumes of 20,929 shares, compared to its five day average of 7,024 shares, an increase of 197.96 percent.

In the previous trading session, the share closed down 0.75 percent or Rs 12.55 at Rs 1,651.80.