Closing Bell: Market closes in red after a volatile session; Nifty below 25,750, Sensex down 250 pts

Indian equity indices ended on a negative note with Nifty below 25,750 on January 13. At close, the Sensex was down 250.48 points or 0.30 percent at 83,627.69, and the Nifty was down 57.95 points or 0.22 percent at 25,732.30.

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 remained volatile on the weekly expiry day and ended marginally lower amid mixed cues. After an initial uptick, the Nifty 50 drifted lower for most of the session, though a rebound in the final hour trimmed some losses and helped it settle at 25,732.30. Sectoral trends were mixed, keeping participants engaged, with IT and metal stocks among the gainers, while realty and pharma remained subdued and closed in the red. The midcap and smallcap segments witnessed selective participation, with smallcaps showing modest resilience even as overall market breadth stayed moderate.

Market action reflects the interplay between earnings-related reactions and global uncertainty. Early optimism was supported by encouraging IT earnings and signs of progress in India–U.S. trade discussions, which lifted sentiment in the first half. However, the lack of follow-through and fresh selling in heavyweights across sectors capped the upside. Ongoing geopolitical and global trade concerns also continued to weigh on risk appetite, keeping trading largely stock-specific.

We maintain a cautious view on the Nifty and suggest continuing with a sell-on-rise approach until the index decisively reclaims the 26,000 level. A decisive breach of medium-term 100-day EMA, placed near 25,600, could accelerate the decline toward the 25,400 zone. Given the earnings season and fluctuating global cues, it is prudent to stay light and wait for clearer confirmation of the next directional move. Participants should focus on stock-specific opportunities and prefer a hedged approach amid the prevailing choppiness.

Markets saw sharp intraday volatility on Tuesday but managed to recover nearly 450 points from the day’s lows, supported by value buying, optimism over India-US trade talks and a steady start to the earnings season. The Sensex slipped from an early high of 84,258 to a low of 83,579 before trimming losses to trade near 83,700.

Sentiment improved as investors stepped in after recent corrections, with hopes of renewed momentum in India-US trade discussions providing support. Early IT earnings from TCS and HCLTech beat expectations, lending strength to technology stocks, while benign December inflation kept rate-cut hopes alive. Positive global cues and selective buying in banking stocks also aided the rebound. However, volatility remains elevated, with the Nifty needing to sustain above 25,800 for further upside, while support lies near 25,470.

Domestic equities experienced a downturn due to renewed concerns about potential U.S. tariffs on countries trading with Iran, overshadowing the initial optimism from the newly appointed U.S. ambassador's positive statements on the trade deal. Investor sentiment remained cautious amidst the rupee's weakness, rising crude prices, higher U.S. bond yields, and persistent FII outflows.

On a brighter note, India’s December CPI remained within the RBI’s target range, reinforcing expectations of future rate cuts. However, the Q3 earnings season commenced on a subdued note, with lackluster results from a leading IT major. Profit booking was prevalent across most sectors, though small-cap stocks showed notable gains.

Today, the Indian stock market ended lower, after starting the day on a positive note. Overall market sentiment remained weak, with more stocks falling than rising, even though some defensive stocks showed stability. The main reason for the market’s reversal was fresh global concern after Donald Trump announced a 25% tariff on countries doing business with Iran. Since China is Iran’s largest trading partner, investors feared broader trade tensions. This negative global cue outweighed optimism around ongoing India US trade discussions.

Earnings from IT companies also disappointed the market. TCS reported steady revenue growth, but its net profit fell nearly 14% YoY, which did not meet investor expectations. HCL Technologies also saw an 11% decline in profit, despite strong revenue growth and healthy order inflows. As a result, IT stocks faced selling pressure, dragging down the broader indices.

The rupee weakened slightly against the dollar due to global risk aversion and higher crude oil prices. Looking ahead, markets may stabilize as India-US trade talks progress and domestic institutional support remains strong. However, geopolitical risks and foreign selling could keep volatility high in the near term.

Rupee traded slightly weak near 90.18 down 0.05% as capital market softness, driven by tariff threats linked to trade with Iran, kept FIIs in selling mode and weighed on fund flows. Attention is now on US CPI data this week, a key input for the Fed ahead of its month-end meeting, which could drive dollar-led volatility. The rupee finds support near 90.45, while resistance is seen around 89.60.

After finishing Monday’s session on a flat note, the Indian rupee depreciated against the greenback as regional currencies struggled. This decline was compounded by a rebound in crude oil and high metal prices, coupled with a cautious market environment.

Looking ahead, the USDINR pair has immediate support at 89.90 and resistance at 90.40. Short term traders should watch the 89.90 level closely, as a move below it could trigger a short-term trend reversal.

Indian rupee ended flat at 90.18 per dollar on Tuesday versus previous close of 90.16

Indian equity indices ended on a negative note with Nifty below 25,750 on January 13.

At close, the Sensex was down 250.48 points or 0.30 percent at 83,627.69, and the Nifty was down 57.95 points or 0.22 percent at 25,732.30. About 1870 shares advanced, 1942 shares declined, and 158 shares unchanged.

Trent, L&T, Dr Reddy's Labs, Reliance Industries and Interglobe Aviation were among major losers on the Nifty, while gainers were ONGC, Tech Mahindra, Eternal, ICICI Bank, Hindalco Industries.

BSE Midcap index shed 0.2%, while smallcap index rose 0.5%.

On the sectoral front, IT, media, PSU Bank, metal ended in the green, while FMCG, capital goods, consumer durables, pharma, realty fell between 0.3-0.5 percent.

On the daily chart, Nifty Bank index is trading above its falling trendline support as well as the 20-day and 50-day SMA, indicating improving structure. The hourly RSI has entered a bullish crossover, while the daily RSI is yet to confirm the same, suggesting cautious optimism.

The 20-day SMA is currently acting as a strong support zone. Immediate support is placed at 59,300, with resistance at 59,800, while positional support lies at 59,000. If the index sustains above the 20-day SMA for the next 2–3 sessions, a move towards 60,200 can be expected.

QIB – 253.38 times

NII - 248.07 times

Retail – 46.13 times

Employee Reserved - 4.63 times

Shareholder Portion - 84.09 times

Overall – 130.29 times

#1 Delivered a strong beat in Q3FY26 with guidance lifted

#2 FY26 revenue guidance was raised at both the company & services levels

#3 Margin performance was strong, with normalisation expected in FY27

#4 Focus on AI through a services-led, asset-light strategy is viewed positively

#1 Delivered 0.8 percent CC QoQ revenue growth in Q3FY26

#2 Management remains confident of strong CY26 growth

#3 Annualised AI revenue rose to USD 1.8 billion, up 17.3 percent QoQ

#4 Order book stood at USD 9.3 billion, down 7 percent QoQ

#5 EBIT margin was 25.2 percent, up 70 bps YoY despite wage hikes

Ashok Leyland was quoting at Rs 185.29, down Rs 1.72, or 0.92 percent.

It has touched an intraday high of Rs 187.90 and an intraday low of Rs 184.05.

It was trading with volumes of 5,314,273 shares, compared to its five day average of 13,226,201 shares, a decrease of -59.82 percent.

In the previous trading session, the share closed down 0.40 percent or Rs 0.75 at Rs 187.01.

The share touched a 52-week high of Rs 191.80 and a 52-week low of Rs 95.93 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.39 percent below its 52-week high and 93.15 percent above its 52-week low.

Market capitalisation stands at Rs 108,836.65 crore.

The Sensex was down 233.76 points or 0.28 percent at 83,644.41, and the Nifty was down 0.14 percent at 25,753.10. About 1711 shares advanced, 2077 shares declined, and 146 shares unchanged.

ICICI Lombard General Insurance Company, Tata Elxsi, 5paisa Capital, Just Dial, Sigma Solve, and Tokyo Plast International will release their quarterly earnings on January 13.

Navkar Corporation was quoting at Rs 100.72, up Rs 1.74, or 1.76 percent.

It has touched an intraday high of Rs 102.38 and an intraday low of Rs 99.48.

It was trading with volumes of 20,645 shares, compared to its five day average of 12,808 shares, an increase of 61.19 percent.

Bank of Maharashtra was quoting at Rs 65.19, up Rs 1.36, or 2.13 percent.

It has touched an intraday high of Rs 65.20 and an intraday low of Rs 63.78.

It was trading with volumes of 3,051,481 shares, compared to its five day average of 1,674,452 shares, an increase of 82.24 percent.

QIB – 0.00 times

NII - 0.03 times

Retail – 0.24 times

Overall – 0.05 times

Most BSE sectoral indices traded in the red, underscoring the market’s cautious tone. Telecom, capital goods, realty, consumer durables, and power led the declines, each slipping close to or over 1 percent, while services, auto, energy, FMCG, and healthcare also posted modest losses. In contrast, IT and metals were marginal gainers, offering limited support amid broader weakness. Midcaps underperformed the frontline indices, while smallcaps edged higher, pointing to selective buying rather than a broad risk-on move.

Heavyweights dragged the Sensex lower, led by HDFC Bank stock, which emerged as the largest negative contributor despite a marginal decline of around 0.1 percent, reflecting its outsized index weight. Reliance Industries followed, sliding over 2 percent and exerting significant downward pressure on the benchmark. Losses in Bajaj Finance (down about 1 percent) and Infosys (lower by nearly 0.5 percent) further weighed on sentiment. Engineering major Larsen & Toubro also featured among the top drags, tumbling over 4 percent, amplifying the benchmark’s decline.

Gains in ICICI Bank shares provided the biggest support to the Sensex, with the stock rising about 1.5 percent and emerging as the top positive contributor. State Bank of India followed, advancing just over 1 percent and adding meaningful support to the index. Among other heavyweights, Tata Consultancy Services and Bajaj Finserv traded around 0.5 percent higher, while Eternal outperformed with a gain of over 2 percent, helping cushion the benchmark’s losses.

Larsen & Toubro and Trent stocks were the biggest drags on the Sensex, sliding over 4 percent each. InterGlobe Aviation also remained under pressure, falling around 2.5-2.6 percent. Losses were extended by Bharat Electronics, Adani Ports and Special Economic Zone, and Maruti Suzuki India, which declined in the 1.5-2 percent range, while Hindustan Unilever slipped about 1.4 percent, adding to the benchmark’s weakness.

Eternal shares led the gains on the Sensex, rising a little over 2 percent, followed by Tech Mahindra (up nearly 2 percent) and ICICI Bank (up about 1.6 percent). State Bank of India also traded close to 1 percent higher, while Tata Consultancy Services and Bajaj Finserv posted modest gains of under 1 percent, lending support to the benchmark.

Bank of Maharashtra reported a 26.5 percent year-on-year rise in net profit for the October-December quarter, with profit at Rs 1,779 crore, compared with Rs 1,406 crore a year ago. The lender’s net interest income (NII) increased 16.3 percent YoY to Rs 3,422 crore, up from Rs 2,944 crore in the year-ago period.

Asset quality showed sequential improvement, with gross NPA ratio easing to 1.60 percent from 1.72 percent QoQ, while net NPA ratio declined to 0.15 percent from 0.18 percent. In absolute terms, gross NPAs stood at Rs 4,388 crore, marginally higher than Rs 4,372 crore QoQ, while net NPAs fell to Rs 413 crore from Rs 442 crore.

At 2:23 pm, the Sensex slipped further, down 585 points, or 0.7 percent, at 83,293, while the Nifty fell 166 points, or 0.64 percent, to 25,624. Market breadth remained weak, with declining shares continuing to outnumber advances, signalling sustained selling pressure across the broader market.

QIB – 61.78 times

NII - 232.22 times

Retail – 43.43 times

Employee Reserved - 4.33 times

Shareholder Portion - 78.47 times

Overall – 82 times

Kirloskar Oil Engines was quoting at Rs 1,136.00, up Rs 10.25, or 0.91 percent.

It has touched an intraday high of Rs 1,146.00 and an intraday low of Rs 1,126.20.

It was trading with volumes of 8,241 shares, compared to its five day average of 37,002 shares, a decrease of -77.73 percent.

In the previous trading session, the share closed down 2.98 percent or Rs 34.60 at Rs 1,125.75.

The share touched a 52-week high of Rs 1,329.10 and a 52-week low of Rs 544.15 on 22 December, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 14.53 percent below its 52-week high and 108.77 percent above its 52-week low.

Market capitalisation stands at Rs 16,510.69 crore.

Indian rupee is trading at day's low at 90.29 per dollar versus previous close of 90.16.

The Sensex was down 475.39 points or 0.57 percent at 83,402.78, and the Nifty was down 0.50 percent at 25,660.85. About 1750 shares advanced, 1969 shares declined, and 166 shares unchanged.

#1 Q3 was largely status quo with no material change in growth trends

#2 Margin remained solid & demand commentary was positive

#3 Risk-reward appears balanced

Tata Consultancy Services was quoting at Rs 3,252.80, up Rs 17.10, or 0.53 percent.

It has touched an intraday high of Rs 3,279.00 and an intraday low of Rs 3,210.30.

It was trading with volumes of 235,407 shares, compared to its five day average of 186,549 shares, an increase of 26.19 percent.

#1 Maintained Q2 momentum in Q3 & raised the midpoint of full-year guidance

#2 Now at the top end of the peer range

#3 Operating margin performance was satisfactory, supporting expectations of an upward revision to 18–19 percent in FY27

#4 Medium-term revenue CAGR of 5-6 percent looks achievable

HCL Technologies was quoting at Rs 1,656.80, down Rs 11.30, or 0.68 percent.

It has touched an intraday high of Rs 1,696 and an intraday low of Rs 1,626.40.

It was trading with volumes of 332,923 shares, compared to its five day average of 160,166 shares, an increase of 107.86 percent.

As we look ahead to Budget 2026, retail and bond investors alike are keenly focused on fiscal consolidation and credible deficit guidance. A disciplined glide path toward narrower deficits not only helps keep government bond yields steady but also creates conditions for Indian corporates to tap the debt markets with greater confidence.

Increased corporate borrowing via bonds can meaningfully boost capital formation and support broader economic growth. On the tax front, I do not expect major changes in direct or indirect taxes, other than clarifications, since both regimes have undergone significant reform over the last 12 months.

ICICI Prudential Life Insurance Company was quoting at Rs 682.10, up Rs 2.25, or 0.33 percent.

It has touched an intraday high of Rs 689.95 and an intraday low of Rs 671.95.

It was trading with volumes of 16,272 shares, compared to its five day average of 1,030,927 shares, a decrease of -98.42 percent.

In the previous trading session, the share closed down 0.77 percent or Rs 5.25 at Rs 679.85.

The share touched a 52-week high of Rs 697.35 and a 52-week low of Rs 517.00 on 06 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 2.19 percent below its 52-week high and 31.93 percent above its 52-week low.

Market capitalisation stands at Rs 98,750.44 crore.

QIB – 0.00 times

NII - 0.02 times

Retail – 0.21 times

Overall – 0.04 times

ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Tata Elxsi, 5paisa Capital, Just Dial, Bank of Maharashtra, Navkar Corporation, Sigma Solve, and Tokyo Plast International will release their quarterly earnings on January 13.

QIB – 26.29 times

NII - 208.90 times

Retail – 40.80 times

Employee Reserved - 4.07 times

Shareholder Portion - 73.90 times

Overall – 68.24 times

#1 Reported a modest beat on revenue & margin

#2 Visibility on growth leadership remains limited

#3 Management expects CY26 to outperform CY25

#4 Meaningful margin expansion in FY27 appears unlikely without stronger growth

Tata Consultancy Services was quoting at Rs 3,252.35, up Rs 16.65, or 0.51 percent.

It has touched an intraday high of Rs 3,279.00 and an intraday low of Rs 3,210.30.

It was trading with volumes of 226,521 shares, compared to its five day average of 186,549 shares, an increase of 21.43 percent.

Hindalco Industries was quoting at Rs 929.90, up Rs 9.95, or 1.08 percent.

It has touched an intraday high of Rs 937.50 and an intraday low of Rs 924.00.

It was trading with volumes of 1,852,736 shares, compared to its five day average of 432,608 shares, an increase of 328.27 percent.

In the previous trading session, the share closed up 2.04 percent or Rs 18.40 at Rs 919.95.

The share touched a 52-week high of Rs 970.60 and a 52-week low of Rs 546.25 on 06 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 4.19 percent below its 52-week high and 70.23 percent above its 52-week low.

Market capitalisation stands at Rs 208,969.59 crore.

The Sensex was down 500.80 points or 0.60 percent at 83,377.37, and the Nifty was down 142.05 points or 0.55 percent at 25,648.20. About 1779 shares advanced, 1896 shares declined, and 164 shares unchanged.

#1 Reported an in-line quarter excluding exceptional

#2 Forward indicators include TTM TCV up 1.5 percent YoY & headcount down 4 percent YoY

#3 Muted international business growth may disappoint

#4 Equipment and software driving nearly half of QoQ growth

#1 Reported a strong beat in Q3FY26 across order book, revenue, EBIT margin & PAT

#2 FY26 revenue growth guidance revised to 4–4.5 percent

HCL Technologies was quoting at Rs 1,662.60, down Rs 5.50, or 0.33 percent.

It has touched an intraday high of Rs 1,696 and an intraday low of Rs 1,626.40.

It was trading with volumes of 305,722 shares, compared to its five day average of 160,166 shares, an increase of 90.88 percent.

In the previous trading session, the share closed up 0.35 percent or Rs 5.80 at Rs 1,668.10.

The share touched a 52-week high of Rs 2,011 and a 52-week low of Rs 1,304 on 13 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.32 percent below its 52-week high and 27.5 percent above its 52-week low.

Market capitalisation stands at Rs 451,173.96 crore.

#1 On track to double FY28 EBITDA versus FY25 & achieve FY30 port capacity of 400 mtpa

#2 Execution track record remains strong

#3 FY26–27 estimates trimmed due to weak iron ore & coal trade

#4 Adani ports remains preferred

JSW Infrastructure was quoting at Rs 264.65, up Rs 0.25, or 0.09 percent.

It has touched an intraday high of Rs 271.45 and an intraday low of Rs 264.

In the previous trading session, the share closed down 1.42 percent or Rs 3.80 at Rs 264.40.

The share touched a 52-week high of Rs 348.95 and a 52-week low of Rs 218.10 on 24 September, 2025 and 18 February, 2025, respectively.

Currently, the stock is trading 24.16 percent below its 52-week high and 21.34 percent above its 52-week low.

Market capitalisation stands at Rs 55,576.54 crore.

Oriental Hotels was quoting at Rs 112.50, down Rs 0.10, or 0.09 percent.

It has touched an intraday high of Rs 115.75 and an intraday low of Rs 112.25.

It was trading with volumes of 3,577 shares, compared to its five day average of 13,546 shares, a decrease of -73.59 percent.

In the previous trading session, the share closed down 2.43 percent or Rs 2.80 at Rs 112.60.

The share touched a 52-week high of Rs 180.75 and a 52-week low of Rs 98.35 on 20 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 37.76 percent below its 52-week high and 14.39 percent above its 52-week low.

Market capitalisation stands at Rs 2,009.24 crore.

ICICI Prudential Life Insurance Company was quoting at Rs 675.30, down Rs 4.55, or 0.67 percent.

It has touched an intraday high of Rs 689.95 and an intraday low of Rs 671.95.

It was trading with volumes of 11,742 shares, compared to its five day average of 1,030,927 shares, a decrease of -98.86 percent.

In the previous trading session, the share closed down 0.77 percent or Rs 5.25 at Rs 679.85.

The share touched a 52-week high of Rs 697.35 and a 52-week low of Rs 517.00 on 06 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.16 percent below its 52-week high and 30.62 percent above its 52-week low.

Market capitalisation stands at Rs 97,765.98 crore.

#1 Total passenger vehicle sales at 3.99 lakh units, up 26.8% YoY

#2 Total motorcycle sales at 9 lakh units, up 37.7% YoY

#3 3-wheeler sales at 61,924 units, up 17.4% YoY

#4 Total vehicle exports at 5.78 lakh units, up 20.7% YoY

#1 Profit soars 29.6 percent to Rs 99.77 crore Vs Rs 76.95 crore, YoY

#2 Revenue grows 22.2 percent to Rs 289.6 crore Vs Rs 237 crore, YoY

Anand Rathi Wealth was quoting at Rs 3,156.50, up Rs 28.60, or 0.91 percent.

It has touched an intraday high of Rs 3,204.00 and an intraday low of Rs 3,055.95.

It was trading with volumes of 18,345 shares, compared to its five day average of 3,423 shares, an increase of 435.87 percent.

In the previous trading session, the share closed down 0.55 percent or Rs 17.30 at Rs 3,127.90.

The share touched a 52-week high of Rs 3,323.85 and a 52-week low of Rs 1,586.05 on 14 October, 2025 and 13 March, 2025, respectively.

Currently, the stock is trading 5.03 percent below its 52-week high and 99.02 percent above its 52-week low.

Market capitalisation stands at Rs 26,205.46 crore.

QIB – 0.00 times

NII - 0.02 times

Retail – 0.16 times

Overall – 0.04 times

KP Group has entered into a Memorandum of Understanding (MoU) with the Gujarat government for the development of renewable energy projects worth Rs 4,000 crore in Gujarat.

Under the MoU, KP Group proposes to establish renewable energy projects with a total capacity of approximately 855 MW, comprising solar power projects and ISTS-connected wind–solar hybrid power projects.

KP Green Engineering was quoting at Rs 416.20, up Rs 0.65, or 0.16 percent.

It has touched an intraday high of Rs 432.90 and an intraday low of Rs 416.20.

In the previous trading session, the share closed up 3.28 percent or Rs 13.20 at Rs 415.55.

The share touched a 52-week high of Rs 626.65 and a 52-week low of Rs 340.00 on 04 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 33.58 percent below its 52-week high and 22.41 percent above its 52-week low.

Market capitalisation stands at Rs 2,081.00 crore.

The Board has given in-principle approval for the listing of the company’s subsidiary, NLC India Renewables (NIRL), through the dilution of up to 25% of its equity stake in one or more tranches via a public offer.

Further, the Board has announced an interim dividend of Rs 3.60 per share for FY26. The record date has been fixed as January 16 to determine the members entitled to receive the interim dividend.

Additionally, the Board approved an investment of up to Rs 66.60 crore in one or more tranches in NLC India Renewables, as and when required, to fund green energy projects to be executed through joint venture companies.

NLC India was quoting at Rs 258.50, up Rs 2.65, or 1.04 percent.

It has touched an intraday high of Rs 263.05 and an intraday low of Rs 258.00.

It was trading with volumes of 59,201 shares, compared to its five day average of 123,079 shares, a decrease of -51.90 percent.

QIB – 3.20 times

NII - 172.56 times

Retail – 36.28 times

Employee Reserved - 3.42 times

Shareholder Portion - 64.67 times

Overall – 53.66 times

Trading activity was concentrated in a handful of counters across exchanges. On the BSE, IFCI and GMR Airports dominated volumes, while SBI also featured among the most traded stocks. Cipla and United Spirits saw relatively lighter but notable activity.

On the NSE, the Nippon India Silver ETF led turnover by a wide margin. Among stocks, HDFC Bank was the most active, followed by HCL Tech, BSE Ltd, and TCS, reflecting sustained participation in select large-cap names.

ICICI Bank stock emerged as the biggest support for the Nifty, contributing nearly 38 points after rising about 1.7 percent. It was followed by Eternal (up nearly 3 percent) and HDFC Bank (up about 0.7 percent). SBI and Titan Company also added to the index’s gains, helping keep benchmarks in positive territory.

On the downside, Infrastructure index on NSE was the weakest pocket, down about 0.8 percent, while Pharma, Auto, Energy, and Oil & Gas edged lower. Broader markets were mildly positive, with Smallcap 100 up around 0.5 percent, even as Midcap 100 stayed marginally in the red.

Sectoral trends were mixed on the NSE. Banking stocks outperformed, with Nifty Bank, Private Bank, and PSU Bank indices up around 0.3-0.4 percent. IT, Media, and Metal indices also traded in the green, rising 0.4-0.7 percent.

Larsen & Toubro stock led the decline on the Nifty, falling a little over 2 percent. InterGlobe Aviation slipped about 1.4 percent, while Cipla and Dr Reddy’s Laboratories were down a little over 1.2 percent each. HDFC Life declined around 1.2 percent, and Trent traded lower by just under 1 percent.

Eternal shares led the gains on the Nifty, rising nearly 3 percent, followed by ONGC (up about 2 percent) and Hindalco (up close to 1.7 percent). Tech Mahindra and ICICI Bank added around 1.5 percent each, while Shriram Finance and SBI traded higher by roughly 1 percent and 0.9 percent, respectively.

The Bharat Coking Coal Ltd IPO was subscribed 49.39 times as of 11:24 am on Day 3, driven by strong demand from non-institutional investors. The NII portion was booked 157 times, while retail investors subscribed 34 times. QIB demand stood at 2.26 times, and the employee quota at 3.2 times.

ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Tata Elxsi, 5paisa Capital, Just Dial, Bank of Maharashtra, Navkar Corporation, Oriental Hotels, Sigma Solve, and Tokyo Plast International will release their quarterly earnings on January 13.

Omaxe has announced Omaxe Chowk, Ludhiana, a modern mixed-use high-street destination aimed at redefining organised retail and luxury residences in the city.

The land parcel has been secured through a competitive bidding process conducted by the Rail Land Development Authority (RLDA) and is being developed on a leasehold basis. Spread across approximately 5.25 acres with a total investment of Rs. 500 crore.

Omaxe was quoting at Rs 78.67, up Rs 6.09, or 8.39 percent.

#1 Stock has corrected 6-7 percent since the Q3FY26 update

#2 Investor concerns around deposit growth moderation & elevated LDR at 99 percent persist

#3 Most issues are temporary or misconceived

#4 FY27 is expected to be a bounce-back year

#5 Stock now trades at a 10–12 percent PB discount to ICICI Bank

HDFC Bank was quoting at Rs 945.05, up Rs 8.40, or 0.90 percent.

It has touched an intraday high of Rs 947.95 and an intraday low of Rs 941.20.

It was trading with volumes of 378,936 shares, compared to its five day average of 4,243,173 shares, a decrease of -91.07 percent.

Indian rupee is trading lower at 90.25 per dollar versus previous close of 90.16.

Gold prices were broadly steady on Tuesday, trading below a record $4,600/ounce level reached in the last session amid sharpened geopolitical and economic uncertainty as investors booked profits.

Spot gold traded little changed at $4,593.81 per ounce, while U.S. gold futures for February delivery slipped 0.3% to $4,602.70.

#1 Reported a strong Q3 performance across revenue growth, margin, Deal TCV & FY guidance

#2 Forward-looking indicators remain better than peers

#3 TTM TCV up 43 percent YoY, services guidance raised by 50 bps at the midpoint to 4.75-5.25 percent

#4 Management focussed on identifying new spend areas

#5 FY27/28 earnings raised by 2 percent

HCL Technologies was quoting at Rs 1,658, down Rs 10.10, or 0.61 percent.

It has touched an intraday high of Rs 1,696 and an intraday low of Rs 1,626.40.

It was trading with volumes of 174,411 shares, compared to its five day average of 160,166 shares, an increase of 8.89 percent.

Starworth Infrastructure & Construction (SICL) has received a Letter of Intent for construction of the proposed residential project "Sattva AANGANE" having approximate built-up area of 30,36,458 Sq. ft. at East Taluk, Bangalore - 560049. The Approximate

contract value is Rs 311,18,40,336.

Puravankara was quoting at Rs 231.90, up Rs 0.45, or 0.19 percent.

It has touched an intraday high of Rs 233.50 and an intraday low of Rs 230.95.

In the previous trading session, the share closed down 0.49 percent or Rs 1.15 at Rs 231.45.

The share touched a 52-week high of Rs 358.45 and a 52-week low of Rs 205.05 on 17 January, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 35.3 percent below its 52-week high and 13.09 percent above its 52-week low.

Market capitalisation stands at Rs 5,499.50 crore.

QIB – 1.55 times

NII - 135.63 times

Retail – 31.53 times

Employee Reserved - 2.97 times

Shareholder Portion - 53.83 times

Overall – 43.58 times

KRBL was quoting at Rs 361.45, up Rs 4.90, or 1.37 percent.

It has touched an intraday high of Rs 363 and an intraday low of Rs 349.45.

It was trading with volumes of 21,783 shares, compared to its five day average of 18,082 shares, an increase of 20.47 percent.

In the previous trading session, the share closed down 2.14 percent or Rs 7.80 at Rs 356.55.

The share touched a 52-week high of Rs 495 and a 52-week low of Rs 225.70 on 22 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.98 percent below its 52-week high and 60.15 percent above its 52-week low.

Market capitalisation stands at Rs 8,273.23 crore.

ICICI Lombard General Insurance Company was quoting at Rs 1,906.65, down Rs 2.50, or 0.13 percent.

It has touched an intraday high of Rs 1,917.65 and an intraday low of Rs 1,900.80.

It was trading with volumes of 1,326 shares, compared to its five day average of 31,223 shares, a decrease of -95.75 percent.

In the previous trading session, the share closed up 0.81 percent or Rs 15.25 at Rs 1,909.15.

The share touched a 52-week high of Rs 2,074.85 and a 52-week low of Rs 1,612.65 on 02 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 8.11 percent below its 52-week high and 18.23 percent above its 52-week low.

Market capitalisation stands at Rs 94,962.69 crore.

#1 Profit falls 13.9 percent to Rs 10,657 crore Vs Rs 12,380 crore, YoY

#2 Revenue grows 4.9 percent to Rs 67,087 crore Vs Rs 63,973 crore, YoY

#3 EBIT rises 7.9 percent to Rs 16,889 crore Vs Rs 15,657 crore, YoY

#4 EBIT margin expands to 25.17 percent Vs 24.47 percent, YoY

#5 Exceptional loss stands at Rs 3,391 crore Vs Nil, YoY

#6 TCS announces third interim dividend of Rs 11 per share & special dividend of Rs 46 per share

ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Tata Elxsi, 5paisa Capital, Just Dial, Bank of Maharashtra, Navkar Corporation, Oriental Hotels, Sigma Solve, and Tokyo Plast International will release their quarterly earnings on January 13.

Oil India was quoting at Rs 432.85, up Rs 7.10, or 1.67 percent.

It has touched an intraday high of Rs 436.80 and an intraday low of Rs 425.75.

It was trading with volumes of 107,068 shares, compared to its five day average of 119,715 shares, a decrease of -10.56 percent.

In the previous trading session, the share closed up 1.32 percent or Rs 5.55 at Rs 425.75.

The share touched a 52-week high of Rs 491.65 and a 52-week low of Rs 322.15 on 16 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 11.96 percent below its 52-week high and 34.36 percent above its 52-week low.

Market capitalisation stands at Rs 70,407.72 crore.

HDFC Bank was quoting at Rs 943, up Rs 6.35, or 0.68 percent.

It has touched an intraday high of Rs 947.95 and an intraday low of Rs 941.20.

It was trading with volumes of 96,430 shares, compared to its five day average of 4,243,173 shares, a decrease of -97.73 percent.

In the previous trading session, the share closed down 0.22 percent or Rs 2.05 at Rs 936.65.

The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 812.13 on 23 October, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 7.58 percent below its 52-week high and 16.11 percent above its 52-week low.

Market capitalisation stands at Rs 1,450,765.63 crore.

Sentynl Therapeutics Inc., a U.S.-based biopharmaceutical company wholly-owned by Zydus Lifesciences  announced that the U.S. Food and Drug Administration (FDA) has approved ZYCUBO  (copper histidinate) for the treatment of Menkes disease in pediatric patients.

Zydus Lifesciences was quoting at Rs 892.35, down Rs 2.65, or 0.30 percent.

It has touched an intraday high of Rs 902.65 and an intraday low of Rs 886.15.

It was trading with volumes of 3,982 shares, compared to its five day average of 24,111 shares, a decrease of -83.48 percent.

In the previous trading session, the share closed up 0.01 percent or Rs 0.05 at Rs 895.

The share touched a 52-week high of Rs 1,059 and a 52-week low of Rs 797.05 on 19 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 15.74 percent below its 52-week high and 11.96 percent above its 52-week low.

Market capitalisation stands at Rs 89,791.29 crore.