Closing Bell: Market snaps 3-day losing streak; Sensex jumps 398 pts, Nifty near 25,300

Indian equity indices ended on strong note with Nifty near 25,300 on January 22. At close, the Sensex was up 397.74 points or 0.49 percent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90.

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.

Markets bounced back sharply today and closed higher after a series of weak sessions, as relief on global trade and geopolitical fronts helped improve risk sentiment. After a gap-up opening, the Nifty witnessed an initial dip and then moved in a narrow range for the remainder of the session. Eventually, it settled at 25,289.90, gaining 0.53%. The recovery was broad-based, with pharma, FMCG and energy emerging as the top gaining sectors. Broader indices also rebounded, with midcap and smallcap indices advancing in the range of 0.84% to 1.41%.

Sentiment improved significantly amid reports of easing geopolitical tensions and a perceived reduction in near-term tariff risks following comments from the US President at Davos. Global markets rallied overnight, and this positive momentum spilled over into domestic equities, leading to short-covering and renewed buying interest across sectors.

From a technical perspective, the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level. Sustaining above this zone will be crucial for any further recovery towards the 25,600 mark; otherwise, the decline may resume with the next support placed in the 24,750–24,900 range. Among sectors, metals and PSU banks are showing notable strength, while others continue to offer mixed signals. In this environment, participants should align their positions with a strong focus on risk management, given the likelihood of continued choppiness in the near term.

Today, the Indian equity markets saw a strong recovery after falling sharply in the previous sessions. The Sensex rose by 0.49% to 82,307, while the Nifty 50 was up by 0.53%. Mid cap stocks performed better than large cap stocks, showing improved risk appetite among investors. The rally was mainly driven by positive global cues. US markets posted their strongest gains in nearly two months, and Asian markets followed the same trend.

Investor confidence improved after Donald Trump said he would pursue a diplomatic framework regarding Greenland and withdrew planned tariffs on several European countries. This reduced fears of a wider trade war and helped calm global markets.

This rebound came after three consecutive days of heavy selling. Banking and consumer stocks supported the recovery, although some profit booking was seen later in the session. IIFL Finance reported strong Q3 FY26 earnings, but its stock fell sharply after the Income Tax Department ordered a special audit, which the company said was procedural and had no immediate financial impact.

Other stocks such as Eternal Limited, IndiGo, Adani Green, and Dr Reddy’s gained on positive company specific news. The RBI’s January bulletin remained optimistic on India’s growth outlook, projecting GDP growth of 7.4% in FY26. While volatility remains high and caution is needed, support from domestic investors and stable fundamentals may help markets consolidate in the near term.

The Indian rupee has stabilised following a sharp sell-off on Wednesday, bolstered by a revival in risk appetite after US President Trump withdrew his tariff threats against Europe. Despite this recovery, the currency remains susceptible to external shocks, with its stability largely dependent on the easing of geopolitical tensions and the announcement of US - India trade agreements.

From a technical perspective, the spot USDINR pair finds support at 91.10, while facing resistance at the 92.00 psychological mark. The outlook remains bullish as long as the pair continues to trade above the 91.10 level.

After showing a high volatility at the lows of around 25000 recently, Nifty bounced back decently on Thursday amidst volatility and closed the day higher by 132 points. After opening with an upside gap of 187 points, the market moved up further in the early part of the session. Profit booking has occurred from near the highs of 25400 in the mid part, but the market recovered towards the end.

A small red candle was formed on the daily chart with upper and lower shadow. Technically, this market action indicates a formation of high wave type candle pattern. The formation of high wave type candles in the last two sessions signals heightened volatility in the market. The crucial 200day EMA support has been regained on Thursday and Nifty closed above it.

The overall near-term trend of the market remains weak, but the short-term bounce is unfolding. A sustainable up move above 25500 could confirm near term bottom reversal pattern for the Nifty. On the other side, any weakness from here could drag Nifty down to the recent swing lows of around 24900-25000 levels in the near term

The index consolidated after a positive start, supported by strong global cues. However, it faced resistance near the 38.20% Fibonacci retracement level, resulting in a decline from the day’s high of 25,435 to 25,168 before closing near the midpoint of the session’s range.

Although the index managed to close above the 200DMA for the second consecutive day, the overall sentiment remains weak, as reflected by the elevated India VIX, which stood at 13.35.

In the short term, the index is likely to remain volatile on Friday. Resistance is placed in the 25,480–25,500 zone, while support is seen around 25,125.

Indian equity markets ended Thursday with moderate gains after paring early advances, supported by positive global cues and easing geopolitical concerns. The Sensex rose about 0.5 percent and the Nifty gained around 0.5 percent in late trade after both indices surged over 1 percent in early sessions. Sentiment improved following US President Donald Trump’s withdrawal of tariff threats against the EU and his optimistic remarks on a potential India–US trade deal, which encouraged short-covering and risk-taking.

Gains were broad-based, with stocks such as Dr. Reddy’s Laboratories, Coal India and Adani Ports leading the Nifty50, while select defensives and insurers lagged. Broader markets outperformed, with midcap and smallcap indices rising over 1 percent, snapping recent losing streaks. Supporting factors included firm Asian markets, a softer India VIX indicating reduced volatility, recovery in the rupee, and a decline in gold and silver ETFs as investors rotated away from safe-haven assets.

On the technical front, note that while Nifty faced resistance near the 25,300 zone, consolidation could continue after the formation of a doji near key support levels. A sustained move above 25,300 is seen opening the door for further upside towards the 25,400–25,500 range.

The domestic market staged a rebound, supported by signs of relief following President Trump’s positive remarks at the Davos meeting regarding Greenland and tariff. Despite this, market sentiments remained cautious amid sustained rupee weakness and continued FII outflows.

The initial set of corporate earnings did little to support current valuation levels. Nevertheless, investors have not ruled out the potential upside from a robust domestic demand environment, which could become more visible in the upcoming round of quarterly earnings announcements. Looking ahead, markets will closely monitor U.S. GDP growth and core inflation data later today, as well as the BoJ policy decision due tomorrow, for further cues.

Indian rupee ended higher at 91.62 per dollar on Thursday against previous close of 91.70.

Indian equity indices ended on strong note with Nifty near 25,300 on January 22.

At close, the Sensex was up 397.74 points or 0.49 percent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90. About 2803 shares advanced, 1235 shares declined, and 146 shares unchanged.

Dr Reddy's Labs, Bharat Electronics, Adani Ports, Adani Enterprises, Tata Steel were among top gainers on the Nifty, while losers wee SBI Life Insurance, Eternal, Eicher Motors, Titan Company, Max Healthcare.

On the sectoral front, except realty, consumer durables, all other indices ended in the green with FMCG, power, metal, media, PSU Bank, pharma gained 1-2%.

BSE midcap and smallcap indices added more than 1% each.

#1 Decent Q3 with revenue slightly below estimates

#2 Data revenue grew 9.3 percent YoY driven by solid 15 percent YoY growth in digital business

#3 Consolidated EBITDA margin in-line while adjusted PAT was ahead of expectation

#4 Company is reporting decent growth momentum in its digital business

#5 However, its pace of margin expansion (in data viz) leaves a lot to be desired

#6 Cutting FY26E/27 EBITDA by -4.2 percent/-5.6 percent on lower margins

Tata Communications was quoting at Rs 1,548.05, down Rs 69.50, or 4.30 percent.

It has touched an intraday high of Rs 1,659.50 and an intraday low of Rs 1,531.80.

It was trading with volumes of 66,557 shares, compared to its five day average of 10,170 shares, an increase of 554.46 percent.

#1 Q3 PAT below estimate on weaker than expected refining

#2 Standalone gross debt declined during quarter

#3 LPG marketing margin turned positive after several quarters of losses

IDFC First Bank was quoting at Rs 84.17, up Rs 2.65, or 3.25 percent.

It has touched an intraday high of Rs 84.20 and an intraday low of Rs 81.90.

It was trading with volumes of 1,358,235 shares, compared to its five day average of 828,660 shares, an increase of 63.91 percent.

In the previous trading session, the share closed down 0.65 percent or Rs 0.53 at Rs 81.52.

The share touched a 52-week high of Rs 87.00 and a 52-week low of Rs 52.50 on 02 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.25 percent below its 52-week high and 60.32 percent above its 52-week low.

Market capitalisation stands at Rs 72,358.03 crore.

OmniScience Capital's budget outlook for 2026 report estimates ~Rs 53.5 trillion budget with 15% capex growth & 4.2% fiscal deficit for FY27. The report highlights that India’s Union Budget has undergone a clear structural transformation over the past decade, with capital expenditure (capex) emerging as the centrepiece of fiscal policy. From FY16, when capex accounted for roughly 20% of total budgetary spending, its share has risen steadily to over 30.6% in FY26, signalling a decisive shift towards asset creation and long-term growth.

While the overall size of the Union Budget has expanded at a healthy pace, the report notes that the composition of expenditure growth is the key differentiator. Capital expenditure has grown at close to a 15% CAGR over the past ten years, materially outpacing revenue expenditure growth which grew at 8.8%. This reflects a sustained policy focus on infrastructure development, productivity enhancement, and crowding-in of private investment, rather than consumption-led fiscal expansion.

Company's material subsidiary i.e., Saatvik Solar Industries Private Limited has received and accepted an order aggregating to Rs 10.15 crores from one renowned Independent Power producer/EPC Player for supply of solar PV modules.

Saatvik Green Energy was quoting at Rs 363.70, up Rs 12.00, or 3.41 percent.

It has touched an intraday high of Rs 370.00 and an intraday low of Rs 353.05.

It was trading with volumes of 12,714 shares, compared to its five day average of 7,117 shares, an increase of 78.65 percent.

In the previous trading session, the share closed down 3.71 percent or Rs 13.55 at Rs 351.70.

The share touched a 52-week high of Rs 580.00 and a 52-week low of Rs 350.10 on 15 October, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 37.29 percent below its 52-week high and 3.88 percent above its 52-week low.

Market capitalisation stands at Rs 4,622.81 crore.

QIB – 3.56 times

NII - 0.63 times

Retail – 2.09 times

Employee Reserved - 1.87 times

Overall – 2.49 times

V-Mart Retail was quoting at Rs 573.20, up Rs 1.00, or 0.17 percent.

It has touched a 52-week low of Rs 551.85.

It has touched an intraday high of Rs 597.05 and an intraday low of Rs 551.85.

It was trading with volumes of 54,016 shares, compared to its five day average of 4,696 shares, an increase of 1,050.26 percent.

IIFL Finance was quoting at Rs 560.45, down Rs 62.25, or 10.00 percent.

It has touched an intraday high of Rs 635.35 and an intraday low of Rs 560.45.

There were pending sell orders of 290,120 shares, with no buyers available.

Orient Electric Limited was quoting at Rs 166.00, up Rs 6.45, or 4.04 percent.

It has touched an intraday high of Rs 166.90 and an intraday low of Rs 159.65.

It was trading with volumes of 19,189 shares, compared to its five day average of 24,035 shares, a decrease of -20.16 percent.

In the previous trading session, the share closed down 1.72 percent or Rs 2.80 at Rs 159.55.

The share touched a 52-week high of Rs 254.85 and a 52-week low of Rs 155.55 on 08 May, 2025 and 24 November, 2025, respectively.

Currently, the stock is trading 34.86 percent below its 52-week high and 6.72 percent above its 52-week low.

Market capitalisation stands at Rs 3,541.87 crore.

Gold enters 2026 with strong momentum and approaching a critical long-term inflection point. Supportive monetary policy backdrop, elevated safe haven demand, trade frictions, and tightening global supplies all reinforces a positive outlook for the precious metal additionally with significant ETF inflows and weaker dollar as central banks increasingly diversify away from US Assets. Pull backs from over brought levels are allocation opportunities.

The global risk sentiment gets a strong boost in reaction to US President Donald Trump's U-turn on Greenland (Trump did a TACO at Davos) and easing geopolitical tensions. He dropped his plans of military action and tariƯ threats on EU members for Greenland’s acquisition. During his appearance at the World Economic Forum in Davos, Trump pulled back from his threat to slap additional tariƯs on eight European nations and ruled out seizing Greenland by force, but is “seeking immediate negotiations” to discuss its acquisition.

Trump said, he had reached an agreement on a framework for a future deal on Greenland with NATO that would satisfy his desire for a missile defence system and access to critical minerals. Washington and NATO have formed the framework of a “future deal with respect to Greenland, and in fact, the entire Arctic Region”.

This removes the tail risk of a US confrontation with NATO allies and eases trade war fears. The 'Sell America' trade seems to have receded amid hopes that trade conflict with Europe is unlikely to re-escalate.

This has prompted some profit-taking in gold amid overbought conditions and ahead of the crucial US inflation data. USD also gained strength on expectations of the US Federal Reserve to hold the key interest rates till Q1 2026 and possibly until Chair Jerome Powell's tenure ends in May, but the concerns of political interference in the FED’s independence caps USD gains. Possibility of two more rate reductions in 2026 still prevails.

#1 Blinkit delivered positive EBITDA at a time when competitive intensity seems to be near its peak

#2 Deepinder Goyal stepping down as CEO, passing baton to Albinder

#3 Nothing changes in ST, as both will continue with their current responsibilities

Eternal was quoting at Rs 276.90, down Rs 6.50, or 2.29 percent.

It has touched an intraday high of Rs 304.20 and an intraday low of Rs 275.55.

It was trading with volumes of 6,822,056 shares, compared to its five day average of 2,357,194 shares, an increase of 189.41 percent.

In the previous trading session, the share closed up 4.98 percent or Rs 13.45 at Rs 283.40.

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 24.84 percent below its 52-week high and 46.04 percent above its 52-week low.

Market capitalisation stands at Rs 267,218.21 crore.

Radico Khaitan was quoting at Rs 2,894.75, up Rs 60.00, or 2.12 percent.

It has touched an intraday high of Rs 2,900.00 and an intraday low of Rs 2,781.70.

It was trading with volumes of 11,416 shares, compared to its five day average of 37,636 shares, a decrease of -69.67 percent.

Alivus Life Sciences was quoting at Rs 831.50, down Rs 32.10, or 3.72 percent.

It has touched an intraday high of Rs 881.25 and an intraday low of Rs 830.00.

It was trading with volumes of 6,548 shares, compared to its five day average of 26,938 shares, a decrease of -75.69 percent.

APL Apollo Tubes was quoting at Rs 1,940.45, up Rs 62.60, or 3.33 percent.

It has touched an intraday high of Rs 1,963 and an intraday low of Rs 1,879.80.

It was trading with volumes of 17,759 shares, compared to its five day average of 22,642 shares, a decrease of -21.57 percent.

In the previous trading session, the share closed down 1.47 percent or Rs 28 at Rs 1,877.85.

The share touched a 52-week high of Rs 1,993.75 and a 52-week low of Rs 1,273.30 on 02 January, 2026 and 17 February, 2025, respectively.

Currently, the stock is trading 2.67 percent below its 52-week high and 52.4 percent above its 52-week low.

Market capitalisation stands at Rs 53,873.88 crore.

Zee Entertainment Enterprises was quoting at Rs 84.85, up Rs 2.91, or 3.55 percent.

It has touched an intraday high of Rs 85.40 and an intraday low of Rs 82.22.

It was trading with volumes of 188,556 shares, compared to its five day average of 310,921 shares, a decrease of -39.36 percent.

In the previous trading session, the share closed down 2.18 percent or Rs 1.83 at Rs 81.94.

The share touched a 52-week high of Rs 151.70 and a 52-week low of Rs 81.00 on 04 July, 2025 and 21 January, 2026, respectively.

Currently, the stock is trading 44.07 percent below its 52-week high and 4.75 percent above its 52-week low.

Market capitalisation stands at Rs 8,150.01 crore.

#1 Multiple positive surprises in the quarter, food growth acceleration & QC EBITDA break-even were at top

#2 QC growth slowdown in Q2 was led by GST cut & seasonality, leaving upside to FY27 consensus NOV estimates

#3 Continue to expect 15-20 percent annual returns from company

Eternal was quoting at Rs 278.10, down Rs 5.30, or 1.87 percent.

It has touched an intraday high of Rs 304.20 and an intraday low of Rs 276.

It was trading with volumes of 5,913,504 shares, compared to its five day average of 2,357,194 shares, an increase of 150.87 percent.

Indian rupee is trading higher at 91.63 per dollar against previous close of 91.70.

Indian Bank was quoting at Rs 861.35, up Rs 12.40, or 1.46 percent.

It has touched an intraday high of Rs 875.95 and an intraday low of Rs 854.05.

It was trading with volumes of 53,533 shares, compared to its five day average of 70,516 shares, a decrease of -24.08 percent.

In the previous trading session, the share closed up 0.39 percent or Rs 3.30 at Rs 848.95.

The share touched a 52-week high of Rs 898.60 and a 52-week low of Rs 478.35 on 18 November, 2025 and 13 March, 2025, respectively.

Currently, the stock is trading 4.15 percent below its 52-week high and 80.07 percent above its 52-week low.

Market capitalisation stands at Rs 116,020.74 crore.

Vishal Mega Mart was quoting at Rs 122.20, down Rs 0.25, or 0.20 percent.

It has touched an intraday high of Rs 123.45 and an intraday low of Rs 121.85.

In the previous trading session, the share closed down 1.13 percent or Rs 1.40 at Rs 122.45.

The share touched a 52-week high of Rs 157.75 and a 52-week low of Rs 96.05 on 26 August, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 22.54 percent below its 52-week high and 27.23 percent above its 52-week low.

Market capitalisation stands at Rs 57,104.09 crore.

QIB – 0.39 times

NII - 0.48 times

Retail – 1.95 times

Employee Reserved - 1.74 times

Overall – 0.71 times

Steel Strips Wheels was quoting at Rs 186.85, up Rs 0.65, or 0.35 percent.

It has touched an intraday high of Rs 192.75 and an intraday low of Rs 185.65.

It was trading with volumes of 10,054 shares, compared to its five day average of 4,455 shares, an increase of 125.66 percent.

In the previous trading session, the share closed down 2.21 percent or Rs 4.20 at Rs 186.20.

The share touched a 52-week high of Rs 279.60 and a 52-week low of Rs 167.50 on 01 July, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 33.17 percent below its 52-week high and 11.55 percent above its 52-week low.

Market capitalisation stands at Rs 2,936.92 crore.

TTK Prestige was quoting at Rs 587.45, up Rs 7.05, or 1.21 percent.

It has touched an intraday high of Rs 590.90 and an intraday low of Rs 585.65.

In the previous trading session, the share closed down 1.45 percent or Rs 8.55 at Rs 580.40.

The share touched a 52-week high of Rs 811.15 and a 52-week low of Rs 572 on 27 January, 2025 and 21 January, 2026, respectively.

Currently, the stock is trading 27.58 percent below its 52-week high and 2.7 percent above its 52-week low.

Market capitalisation stands at Rs 8,045.13 crore.

#1 CV upcycle gathering pace

#2 Dealers suggested that sectors such as cement, steel, e-commerce & autos driving demand

#3 Believe Ashok Leyland is a pure-play beneficiary of ongoing upcycle in domestic M&HCV Ind

#5 Supported by improving freight rates, better fleet operator profitability

#6 Lower GST rates & an ageing truck fleet

#7 Keeps ‘buy’ rating on Tata Motors CV, target raises to Rs 552

#8 Tata Motors CV continues to benefit from its dominant position in domestic CV market

Ashok Leyland was quoting at Rs 186.25, up Rs 5, or 2.76 percent.

It has touched an intraday high of Rs 190.50 and an intraday low of Rs 183.60.

It was trading with volumes of 849,878 shares, compared to its five day average of 894,520 shares, a decrease of -4.99 percent.

#1 Standalone Q3 PAT was in-line, as a stronger unit margin offset a marginal miss in volume

#2 Unit EBITDA margin was above forecast

#3 Although, overall volume declined QoQ due to a sharp contraction in industrial volume

#4 Management indicated Morbi volume had recovered post the January price cut

#5 Morbi volume expected to rise to 3.0–3.2 mmscmd by Feb–Mar

#6 Reiterates ongoing SoA with GSPL & GSPC remains on track for completion by early FY27

#7 Building in higher volume in Q4 takes up our FY26 EPS by 10 percent

#8 Raise our FY27/28 EPS by 2 percent/4 percent

The Sensex was up 99.09 points or 0.12 percent at 82,008.72, and the Nifty was up 47.00 points or 0.19 percent at 25,204.50. About 2618 shares advanced, 1123 shares declined, and 145 shares unchanged.

InterGlobe Aviation, Indian Bank, DLF, Bandhan Bank, Aditya Birla Sun Life AMC, Adani Energy Solutions, Adani Total Gas, Coforge, Cyient, IIFL Finance, Le Travenues Technology, Mphasis, Premier Energies, Radico Khaitan, Syngene International, Tanla Platforms, Ujjivan Small Finance Bank, V-Mart Retail, and Zee Entertainment Enterprises will announce their quarterly earnings today.

Tata Consultancy Services (TCS) has been selected by Kalmar Oyj as its strategic IT partner to spearhead a full IT service transformation.

Tata Consultancy Services was quoting at Rs 3,143.85, up Rs 22.55, or 0.72 percent.

It has touched an intraday high of Rs 3,158.00 and an intraday low of Rs 3,132.05.

It was trading with volumes of 60,889 shares, compared to its five day average of 305,544 shares, a decrease of -80.07 percent.

In the previous trading session, the share closed up 0.43 percent or Rs 13.25 at Rs 3,121.30.

The share touched a 52-week high of Rs 4,190.95 and a 52-week low of Rs 2,867.55 on 23 January, 2025 and 01 October, 2025, respectively.

Currently, the stock is trading 24.98 percent below its 52-week high and 9.64 percent above its 52-week low.

Market capitalisation stands at Rs 1,137,472.44 crore.

Computer Age Management Services was quoting at Rs 707.60, up Rs 6.85, or 0.98 percent.

It has touched an intraday high of Rs 718 and an intraday low of Rs 703.10.

It was trading with volumes of 61,817 shares, compared to its five day average of 17,654 shares, an increase of 250.15 percent.

In the previous trading session, the share closed down 1.32 percent or Rs 9.40 at Rs 700.75.

The share touched a 52-week high of Rs 875.00 and a 52-week low of Rs 606.00 on 30 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 19.13 percent below its 52-week high and 16.77 percent above its 52-week low.

Market capitalisation stands at Rs 17,540.58 crore.

DB Corp was quoting at Rs 253.50, down Rs 2.50, or 0.98 percent.

It has touched an intraday high of Rs 256.45 and an intraday low of Rs 250.

It was trading with volumes of 7,865 shares, compared to its five day average of 8,856 shares, a decrease of -11.19 percent.

In the previous trading session, the share closed up 1.97 percent or Rs 4.95 at Rs 256.

The share touched a 52-week high of Rs 290.80 and a 52-week low of Rs 189.10 on 01 July, 2025 and 12 February, 2025, respectively.

Currently, the stock is trading 12.83 percent below its 52-week high and 34.06 percent above its 52-week low.

Market capitalisation stands at Rs 4,518.44 crore.

Shadowfax Technologies’ IPO remained undersubscribed at 0.70x overall as of 12:09 PM on Day 3 (January 22, 2026), despite healthy interest from retail investors. The retail portion was subscribed 1.98x, while QIB (excluding anchor) participation stayed muted at 0.40x and NII at 0.43x, reflecting cautious sentiment among institutional and high-net-worth investors.

The subscription trend indicates strong retail enthusiasm but restrained institutional appetite, likely due to concerns around rich valuation, thin margins, and client concentration, even as the company offers long-term exposure to India’s growing last-mile and quick-commerce logistics space.

Granules India was quoting at Rs 566.40, up Rs 29.55, or 5.50 percent.

It has touched an intraday high of Rs 568 and an intraday low of Rs 542.

It was trading with volumes of 18,433 shares, compared to its five day average of 30,214 shares, a decrease of -38.99 percent.

In the previous trading session, the share closed down 2.87 percent or Rs 15.85 at Rs 536.85.

The share touched a 52-week high of Rs 627.45 and a 52-week low of Rs 412.05 on 07 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 9.73 percent below its 52-week high and 37.46 percent above its 52-week low.

Market capitalisation stands at Rs 13,744.76 crore.

The company’s subsidiary, CESC Green Power, has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh government for the establishment of a 3 GW solar cell and module plant, a 60 MW solar power plant, and ancillary units, including a research and development laboratory and other infrastructure facilities in Uttar Pradesh. The proposed investment is around Rs 3,800 crore.

CESC was quoting at Rs 146.40, up Rs 1.15, or 0.79 percent.

It has touched an intraday high of Rs 148.25 and an intraday low of Rs 144.70.

It was trading with volumes of 153,887 shares, compared to its five day average of 129,309 shares, an increase of 19.01 percent.

QIB – 0.38 times

NII - 0.43 times

Retail – 1.90 times

Employee Reserved - 1.69 times

Overall – 0.67 times

Indian rupee erased most of the intraday gains and trading near day's low at 91.62 per dollar against previous close of 91.70.

Railtel Corporation of India was quoting at Rs 334.40, up Rs 6.50, or 1.98 percent.

It has touched an intraday high of Rs 338 and an intraday low of Rs 331.55.

It was trading with volumes of 59,348 shares, compared to its five day average of 365,994 shares, a decrease of -83.78 percent.

In the previous trading session, the share closed down 1.10 percent or Rs 3.65 at Rs 327.90.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.16 percent below its 52-week high and 26.05 percent above its 52-week low.

Market capitalisation stands at Rs 10,732.18 crore.

Tata Technologies was quoting at Rs 656.20, up Rs 12.35, or 1.92 percent.

It has touched an intraday high of Rs 663 and an intraday low of Rs 645.70.

It was trading with volumes of 58,079 shares, compared to its five day average of 399,493 shares, a decrease of -85.46 percent.

Bajaj Consumer Care was quoting at Rs 297.05, up Rs 49.50, or 20.00 percent.

It has touched an intraday high of Rs 297.05 and an intraday low of Rs 263.30.

There were pending buy orders of 63,795 shares, with no sellers available.

It was trading with volumes of 1,527,482 shares, compared to its five day average of 24,580 shares, an increase of 6,114.33 percent.

In the previous trading session, the share closed down 5.46 percent or Rs 14.30 at Rs 247.55.

The share touched a 52-week high of Rs 310.35 and a 52-week low of Rs 151.95 on 06 November, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 4.29 percent below its 52-week high and 95.49 percent above its 52-week low.

Market capitalisation stands at Rs 3,880.01 crore.

The resolution plan for Raigarh Champa Rail Infrastructure has received the approval of the Hon’ble National Company Law Tribunal, Hyderabad on 21st January 2026. The implementation of the Resolution Plan is subject to receipt of necessary approvals.

JSW Energy was quoting at Rs 487.85, up Rs 9.95, or 2.08 percent.

It has touched an intraday high of Rs 492.80 and an intraday low of Rs 478.80.

It was trading with volumes of 43,681 shares, compared to its five day average of 56,359 shares, a decrease of -22.50 percent.

It was trading with volumes of 43,681 shares, compared to its thirty day average of 628,330 shares, a decrease of -93.05 percent.

In the previous trading session, the share closed down 0.38 percent or Rs 1.80 at Rs 477.90.

The share touched a 52-week high of Rs 578.85 and a 52-week low of Rs 419.10 on 24 March, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 15.72 percent below its 52-week high and 16.4 percent above its 52-week low.

Market capitalisation stands at Rs 85,264.88 crore.

Dalmia Bharat was quoting at Rs 2,167.00, down Rs 61.90, or 2.78 percent.

It has touched an intraday high of Rs 2,260.40 and an intraday low of Rs 2,167.00.

It was trading with volumes of 7,514 shares, compared to its five day average of 22,605 shares, a decrease of -66.76 percent.

In the previous trading session, the share closed up 1.42 percent or Rs 31.20 at Rs 2,228.90.

The share touched a 52-week high of Rs 2,495.95 and a 52-week low of Rs 1,602.00 on 17 September, 2025 and 13 March, 2025, respectively.

Currently, the stock is trading 13.18 percent below its 52-week high and 35.27 percent above its 52-week low.

Market capitalisation stands at Rs 40,645.54 crore.

The Sensex was up 48.40 points or 0.06 percent at 81,958.03, and the Nifty was up 33.45 points or 0.13 percent at 25,190.95. About 2525 shares advanced, 1142 shares declined, and 151 shares unchanged.

QIB – 0.38 times

NII - 0.40 times

Retail – 1.86 times

Employee Reserved - 1.66 times

Overall – 0.66 times

#1 Q3 miss on weak volumes

#2 Morbi volume bottomed out, margin recovery may be gradual

#3 Industrial volume to recover on sharp volume recovery in Morbi, EBITDA guidance raised

#4 Raise FY26F EBITDA by 6 percent as factor in 7 percent higher unit EBITDA margin

#5 Volume estimates are largely unchanged

#6 Believe Q3 volume miss will be offset by the strong recovery in Q4

Today’s sharp slump in silver and gold ETFs, with some dropping as much as ~21%, reflects an abrupt shift in macro sentiment rather than a fundamental breakdown in precious metals. Prices had recently been bolstered by record demand as geopolitical and trade-war tensions drove safe-haven buying. However, markets pared gains after U.S. President Donald Trump eased tariff threats linked to Greenland, reducing near-term geopolitical risk and strengthening the U.S. dollar — a known headwind for bullion prices.

While spot gold and silver still reflect historically elevated levels, the ETF correction looks like profit-taking and risk-rebalancing as equity markets rally.

With structural drivers such as central-bank accumulation, long-term demand and inflation hedging undiminished, disciplined investors may see this correction as a strategic accumulation zone, but should avoid aggressive short-term speculation given ongoing volatility.

#1 Profit spikes 83.2 percent to Rs 46.4 crore Vs Rs 25.3 crore, YoY

#2 Revenue jumps 30.6 percent to Rs 306 crore Vs Rs 234.4 crore, YoY

Bajaj Consumer Care was quoting at Rs 297.05, up Rs 49.50, or 20.00 percent.

It has touched an intraday high of Rs 297.05 and an intraday low of Rs 263.30.

There were pending buy orders of 94,642 shares, with no sellers available.

The Sensex was up 179.61 points or 0.22 percent at 82,089.24, and the Nifty was up 67.90 points or 0.27 percent at 25,225.40. About 2602 shares advanced, 975 shares declined, and 150 shares unchanged.

InterGlobe Aviation, Indian Bank, DLF, Bandhan Bank, Aditya Birla Sun Life AMC, Adani Energy Solutions, Adani Total Gas, Computer Age Management Services, Coforge, Cyient, IIFL Finance, Le Travenues Technology, Mphasis, Premier Energies, Radico Khaitan, Syngene International, Tanla Platforms, Ujjivan Small Finance Bank, V-Mart Retail, and Zee Entertainment Enterprises will announce their quarterly earnings today.

Crude oil prices extended their gains on Wednesday, supported by tight supply conditions following disruptions in Kazakhstan and lower-than-expected exports from Venezuela. The International Energy Agency, in its monthly report, highlighted signs of recovery in global oil demand this year, with surplus inventories likely to narrow more than previously anticipated.

Strong Chinese fourth-quarter GDP and industrial production data further pointed to a revival in demand, lending additional support to crude prices. However, escalating trade tensions between the U.S. and European countries, along with rising U.S. crude inventories, may cap further upside.

We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $59.80-59.00 and resistance is at $61.40-61.90 in today’s session. In INR crude oil has support at Rs 5,500,-5,440 while resistance at Rs 5,650-5,695.

#1 Profit zooms 115.6 percent to Rs 1,062.5 crore Vs Rs 492.7 crore, YoY

#2 Revenue spikes 118.8 percent to Rs 7,565 crore Vs Rs 3,457.3 crore, YoY

Waaree Energies was quoting at Rs 2,585.70, up Rs 169.90, or 7.03 percent.

It has touched an intraday high of Rs 2,740.75 and an intraday low of Rs 2,550.05.

In the previous trading session, the share closed down 3.27 percent or Rs 81.60 at Rs 2,415.80.

The share touched a 52-week high of Rs 3,864.40 and a 52-week low of Rs 1,808.65 on 12 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 33.09 percent below its 52-week high and 42.96 percent above its 52-week low.

Market capitalisation stands at Rs 74,375.31 crore.

NTPC was quoting at Rs 340.25, up Rs 1.60, or 0.47 percent.

It has touched an intraday high of Rs 342.65 and an intraday low of Rs 336.95.

It was trading with volumes of 3,103,439 shares, compared to its five day average of 652,978 shares, an increase of 375.27 percent.

In the previous trading session, the share closed down 0.03 percent or Rs 0.10 at Rs 338.65.

The share touched a 52-week high of Rs 371.10 and a 52-week low of Rs 292.70 on 25 March, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 8.31 percent below its 52-week high and 16.25 percent above its 52-week low.

Market capitalisation stands at Rs 329,929.07 crore.

#1 Profit grows 30.8 percent to Rs 144.3 crore Vs Rs 110.3 crore, YoY

#2 Revenue increases 20 percent to Rs 641.6 crore Vs Rs 534.6 crore, YoY

Anant Raj was quoting at Rs 528.45, up Rs 7.30, or 1.40 percent.

It has touched an intraday high of Rs 547.30 and an intraday low of Rs 525.20.

It was trading with volumes of 224,916 shares, compared to its five day average of 206,334 shares, an increase of 9.01 percent.

In the previous trading session, the share closed up 0.56 percent or Rs 2.90 at Rs 521.15.

The share touched a 52-week high of Rs 870.65 and a 52-week low of Rs 366.15 on 23 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 39.3 percent below its 52-week high and 44.33 percent above its 52-week low.

Market capitalisation stands at Rs 19,017.70 crore.

QIB – 0.38 times

NII - 0.36 times

Retail – 1.76 times

Employee Reserved - 1.56 times

Overall – 0.63 times

Zydus Lifesciences has launched the world’s first biosimilar of Nivolumab in India under the brand name Tishtha.

Tishtha will be available in 100 mg and 40 mg dosages priced at Rs 28,950 and Rs 13,950 respectively. The prices are approximately 1/4th of the reference drug.

Zydus Lifesciences was quoting at Rs 886.50, up Rs 10.40, or 1.19 percent.

It has touched an intraday high of Rs 888.25 and an intraday low of Rs 876.55.

It was trading with volumes of 7,554 shares, compared to its five day average of 29,161 shares, a decrease of -74.10 percent.

In the previous trading session, the share closed up 0.36 percent or Rs 3.15 at Rs 876.10.

The share touched a 52-week high of Rs 1,059.00 and a 52-week low of Rs 797.05 on 19 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 16.29 percent below its 52-week high and 11.22 percent above its 52-week low.

Market capitalisation stands at Rs 89,202.64 crore.

Silver Touch Technologies has been re-selected by the Ministry of External Affairs (MEA), Government of India, for a strategic digital transformation engagement.

Silver Touch Technologies was quoting at Rs 1,390.75, down Rs 51.55, or 3.57 percent.

It has touched an intraday high of Rs 1,434.90 and an intraday low of Rs 1,370.40.

It was trading with volumes of 8,209 shares, compared to its five day average of 15,597 shares, a decrease of -47.37 percent.

In the previous trading session, the share closed down 5 percent or Rs 75.90 at Rs 1,442.30.

The share touched a 52-week high of Rs 1,695.50 and a 52-week low of Rs 621 on 09 January, 2026 and 01 April, 2025, respectively.

Currently, the stock is trading 17.97 percent below its 52-week high and 123.95 percent above its 52-week low.

Market capitalisation stands at Rs 1,763.61 crore.

#1 Profit rises 10.5 percent to Rs 521 crore Vs Rs 471.4 crore, YoY

#2 Net interest income soars 12.8 percent to Rs 757 crore Vs Rs 671.2 crore, YoY

PNB Housing Finance was quoting at Rs 865.05, down Rs 66.40, or 7.13 percent.

It has touched an intraday high of Rs 929.80 and an intraday low of Rs 862.30.

It was trading with volumes of 83,974 shares, compared to its five day average of 54,321 shares, an increase of 54.59 percent.

#1 Profit zooms 42.5 percent to Rs 234.9 crore Vs Rs 164.8 crore, YoY

#2 Revenue soars 19.5 percent to Rs 2,954.7 crore Vs Rs 2,472.3 crore, YoY

KEI Industries was quoting at Rs 3,750.65, down Rs 189.60, or 4.81 percent.

The company has completed the acquisition of the remaining 7.18 crore equity shares of Biocon Biologics from Mylan Inc. for $200 million.

Post this acquisition, the company holds approximately a 98 percent stake in Biocon Biologics on a fully diluted basis.

Biocon was quoting at Rs 373.20, up Rs 8.65, or 2.37 percent.

It has touched an intraday high of Rs 374 and an intraday low of Rs 366.05.

It was trading with volumes of 10,889 shares, compared to its five day average of 265,717 shares, a decrease of -95.90 percent.

Gold and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand eased after U.S. President Donald Trump backed down from new tariff threats and proposals to annex Greenland by force, while a firmer dollar also pressured prices.

Spot gold was down nearly 1% to $4,793.63 per ounce, after scaling a record peak of $4,887.82 in the previous session.

U.S. gold futures for February delivery lost 1% to $4,790.10 per ounce.

The Sensex was up 805.07 points or 0.98 percent at 82,714.70, and the Nifty was up 250.10 points or 0.99 percent at 25,407.60. About 2735 shares advanced, 614 shares declined, and 146 shares unchanged.

The company’s subsidiary, CESC Green Power, has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh government for the establishment of a 3 GW solar cell and module plant, a 60 MW solar power plant, and ancillary units, including a research and development laboratory and other infrastructure facilities in Uttar Pradesh. The proposed investment is around Rs 3,800 crore.

CESC was quoting at Rs 147.00, up Rs 1.75, or 1.20 percent.

It has touched an intraday high of Rs 148.25 and an intraday low of Rs 144.70.

It was trading with volumes of 114,874 shares, compared to its five day average of 129,309 shares, a decrease of -11.16 percent.