Closing Bell: Nifty below 25,200, Sensex drags 271 pts; metals shine

Indian equity indices ended lower for the third consecutive session on January 21. At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50.

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.

In light of the sharp pre-Budget correction, investors looking for safety and value should consider a defensive rotation mixed with strategic long-term bets. The most attractive pockets of value currently appear to be large-cap private banks and select Public Sector Undertakings (PSUs). Private lenders like HDFC Bank, Kotak Mahindra Bank, and Federal Bank have seen their valuations moderate significantly, offering a favorable entry point relative to their historical averages.

Simultaneously, despite the recent pullback in broader markets, the structural story for PSUs remains intact; stocks like ONGC, BEL, and Hindustan Copper are compelling due to their alignment with energy security, defense indigenization, and industrial demand. Additionally, allocating capital to the FMCG sector can provide a necessary defensive hedge, offering earnings visibility and stability to the portfolio during this period of heightened volatility.

The 25,000 mark has emerged as the critical immediate support level for the Nifty, serving as a vital psychological floor that coincides with the 200-Day Moving Average (200-DMA). This confluence of technical indicators suggests that 25,000 is a "make-or-break" zone for the index.

If the Nifty manages to respect and hold this level, we can expect a technical recovery or relief rally as the market stabilizes and positions itself in anticipation of favorable Budget announcements. However, investors should remain cautious, as a decisive breach below this 200-DMA support could signal a deeper correction and invite further selling pressure in the near term.

Nifty remained confined within the first five minutes opening candle range for nearly an hour before drifting lower to an intraday low of 24,920. Strong buying interest emerged at lower levels, triggering a steady pullback towards the day’s high zone of 25,275–25,300. However, the index failed to sustain at higher levels and witnessed renewed selling pressure, eventually closing at 25,158, down 0.30% for the day.

Technically, the index has formed a doji (indecision) candle with wicks on both sides, highlighting indecision and a lack of clear control by either bulls or bears at the close. Nifty also ended marginally below its 200-day EMA at 25,163, keeping the near-term outlook cautious.

On the sectoral front, Nifty Metal and Nifty Oil & Gas ended the day with modest gains. On the other hand, majority of the sectors ended in the red with Nifty Capital Markets and Defence emerging as the top two sectoral losers. With regards to stocks, Eternal & Indigo emerged as the top stock gainers amongst the Nifty pack while ICICI Bank & Trent emerged as the top two losers, losing over 2% each.

The Midcap Index has declined 3.76% in the last two sessions. The sharp sell-off has resulted in the index closing below its 200-day EMA at 58,172, with momentum indicators and oscillators reinforcing the bearish price action, indicating further vulnerability in the near term.

The sell-off has been even more pronounced in the smallcap space. The index decisively broke below its previous swing low of 17,050, extended the decline further, and closed at 16,551, down 0.90%. The breakdown suggests continued pressure, with risk appetite remaining subdued in the broader market.

The advance-decline ratio was skewed in the favour of bears at day’s close. A total of 312 stocks out of the Nifty 500 universe ended in the red.

Nifty View

Going ahead, for Nifty, the zone of 24,950-24,900 will act as an immediate support. Any sustained move below the 25,900 level could lead to Index extending its weakness further down towards the 25,700 level, followed by 25,500. On the upside, the zone of 25,300-25,350 will act as an as immediate support.

Bank Nifty View

Bank Nifty, which had been comfortably holding above its upward-sloping trendline on the daily chart, eventually gave way and closed below it, ending the session at 58,800, down 1.02%.

With this close, the index has slipped below its 50-day EMA of 59,040. Momentum indicators continue to weaken, with the RSI in a declining mode and hovering near the 40 level. Additionally, DI- crossing below DI+ suggests that bearish momentum is gradually strengthening. Unless Bank Nifty decisively reclaims its 50-day EMA and the broken trendline, the probability of a strong pullback remains limited.

Going ahead, for Bank Nifty, the 100-Day EMA zone of 58,200-58,100 will act as an immediate support. Any sustained below the 58,100 level, could lead to Index extending its down move further towards the 57,800 level. On the upside, the zone of 59,100-59,200 will act as an as immediate resistance.

The Nifty has fallen below the 200DMA on an intraday basis for the first time in many weeks. It usually shakes the market when the 200DMA is challenged, and it is not going to be just black and white. Over the next few days, the index may remain highly volatile.

On the lower end, support is placed at 25,125. A decisive fall below 25,125 could trigger further panic in the market. On the higher end, resistance on a closing basis is placed at 25,200.

After showing sharp weakness on Tuesday, Nifty shifted into a high volatility with weak bias on Wednesday and closed the day lower by 75 points. Nifty opened on a weak note and continued with negative trend in the early-mid part of the session. Upside recovery has emerged from near 24900 levels in the mid part, but the market was not able to sustain the recovery towards the end and closed lower.

A small green candle has been formed on the daily chart with long upper and lower shadow. Technically, this market action indicates a formation of doji type candle pattern (not a classical one), which is reflecting ongoing volatility in the market. Normally a formation of doji after a reasonable decline calls for a reversal post confirmation.

The underlying trend of the market continues to be weak. Nifty is finding difficulty in sustaining above the crucial support of 25150 levels (200day EMA). Further weakness below 24900 could possibly drag Nifty down to 24500 in the near term. However, a sustainable upmove above 25200 is likely to open short term bounce back in the market.

Today, the Indian stock market continued its downward trend. Weak global cues and ongoing selling by foreign investors kept pressure on the markets. The Sensex fell by around 270 basis points, while the Nifty 50 closed at 25,157. The main reason for the fall was rising global uncertainty. Fresh trade tension worries emerged after US President Donald Trump threatened new tariffs on European countries linked to the Greenland dispute. In addition, concerns over possible steep tariffs on countries importing Russian oil increased global risk aversion. Alongside these global factors, domestic issues also weighed on sentiment, as several large companies especially in IT and financial services reported weaker than expected quarter earnings.

At the same time, the Indian rupee weakened further, slipping past its earlier record low to trade near 91.72 against the USD. Market volatility also increased sharply, as reflected by a 8% jump in India VIX.

Looking ahead, markets are expected to remain volatile. The Union Budget on February 1, 2026, could improve sentiment, especially if it focuses on higher spending in areas like railways and defence. Until global trade concerns ease, caution is likely to continue, though buying by domestic investors has provided some support.

Domestic markets were gripped by volatility as global risk factors dampened sentiment. However, value buying towards the close helped the market recover some early losses.

In this challenging environment, tepid earnings from the banking and IT sectors are adding to the overall pressure on equities.

The weakening INR and uncertainties surrounding trade ties may prolong this volatility. Nevertheless, the ongoing earnings season could present selective accumulation opportunities as the next session is expected to be better-off led by the resilient domestic demand.

The Indian rupee has plunged to a record low as heavy foreign capital outflows from domestic equities and a prolonged delay in a U.S. trade deal continue to weigh on market sentiment. The currency remains under severe pressure from heightening global geopolitical uncertainties. The pace of this depreciation has been so aggressive that intermittent central bank interventions have struggled to provide a meaningful floor.

In the near term, spot USDINR is expected to find technical support at 91.08, with immediate resistance seen at 92.05.

Indian rupee ended at record closing at 91.70 per dollar on Wednesday against Tuesday's close of 90.97.

Indian equity indices ended lower for the third consecutive session on January 21.

At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50. About 1357 shares advanced, 2509 shares declined, and 127 shares unchanged.

Except for metal and oil & gas, all other sectoral indices ended in the red, with pharma, IT, private banks, realty and PSU banks declining about 0.5 percent each.

The BSE Midcap and Smallcap indices shed nearly 1 percent each.

On the Nifty, Trent, Bharat Electronics, ICICI Bank, Tata Consumer and Apollo Hospitals were among the top losers, while Eternal, Max Healthcare, InterGlobe Aviation, Hindalco and JSW Steel featured among the gainers.

#1 Volumes impacted due to Maharashtra, but better mix drives higher realisations

#2 Operating margin of 17 percent was slightly lower than estimates due to higher ad spending

#3 P&A segment reported net sales growth of around 8.2 percent YoY

#4 Popular portfolio declined 4.8 percent YoY, below estimate due to the impact of excise duty hike in Maharashtra

#5 Volumes declined 3 percent YoY, below estimates

With markets seeing a sharp correction ahead of the Budget, selective buying opportunities are emerging for investors with a medium- to long-term view. PSU banks appear relatively attractive at this stage, supported by reasonable valuations, improving asset quality, and strong relative performance compared to the broader market. Apart from banks, infrastructure-linked sectors such as railways and defence could also remain in focus. Traditionally, the Union Budget places strong emphasis on capital expenditure, infrastructure development, and self-reliance themes, which directly benefit these segments.

The Nifty has corrected nearly 5% from its all-time high and is currently hovering around its 200-day EMA, a crucial long-term support zone. Immediate support is placed in the 25000–24800 range, which is likely to act as a strong demand area in the near term. As market is in oversold trajectory, the probability of a technical rebound remains high with potential upsurge towards the 25500–25700 levels in the short term.

#1 Reported EBITDA was in-line with estimates

#2 Specialty chemicals were soft, though Q4 will be better due to seasonality

#3 Visibility on sustained recovery remains elusive

#4 Refrigerant gas was exceptionally strong, but company’s capacity is fully utilised with limited volume upside YoY

#5 Stock has outperformed Nifty by 29 percent in 2025 on refrigerant gas strength

#1 Paid subscriber addition woes continue, with an unexpected reduction in Q3

#2 Experimentation with digital advertisement & marketing continues

#3 Lower FY27-28 PAT estimates by 2-4 percent

#4 Key upside risks include better-than-expected subscriber additions leading to strong growth in customer collections

Hindustan Petroleum Corporation was quoting at Rs 429.25, down Rs 9.10, or 2.08 percent.

It has touched an intraday high of Rs 442.20 and an intraday low of Rs 428.40.

It was trading with volumes of 191,370 shares, compared to its five day average of 392,026 shares, a decrease of -51.18 percent.

Dr Reddys Laboratories was quoting at Rs 1156.80, down Rs 10.10, or 0.87 percent.

It has touched an intraday high of Rs 1,193.60 and an intraday low of Rs 1,149.00.

It was trading with volumes of 243,002 shares, compared to its five day average of 199,610 shares, an increase of 21.74 percent.

#1 Another price hike has taken place in some Southern markets, marking second price hike in January

#2 Cement demand has seen a sharp rebound from December, supporting cement price hikes

#3 Cement stocks, however, remain weak

Tata Communications was quoting at Rs 1613.65, down Rs 100.50, or 5.86 percent.

It has touched an intraday high of Rs 1,741.65 and an intraday low of Rs 1,696.50.

It was trading with volumes of 5,576 shares, compared to its five day average of 4,979 shares, an increase of 11.99 percent.

#1 Q3 results ahead of estimates

#2 Replacement demand & Camso Integration boosted consolidated revenue, EBITDA margin improved

#3 Expect company’s volume growth to benefit from a strong OEM revival

The Sensex was down 257.51 points or 0.31 percent at 81,922.96, and the Nifty was down 71.45 points or 0.28 percent at 25,161.05. About 1354 shares advanced, 2508 shares declined, and 109 shares unchanged.

#1 Q3 revenue above estimates, while EBITDA margin was in-line

#2 Replacement volumes grew mid-teens, while OEM volumes grew 20 percent, driven by a lower base

#3 Company expects replacement market momentum to continue with higher single-digit vol growth in FY27

#5 Camso’s Q3 revenue came in at ~USD 200 mn with low-teens EBITDA margin

Ceat was quoting at Rs 3,558.45, down Rs 154.20, or 4.15 percent.

It has touched an intraday high of Rs 3,719.90 and an intraday low of Rs 3,502.40.

It was trading with volumes of 20,560 shares, compared to its five day average of 8,529 shares, an increase of 141.05 percent.

Dalmia Bharat was quoting at Rs 2,202.05, up Rs 4.35, or 0.20 percent.

It has touched an intraday high of Rs 2,233.65 and an intraday low of Rs 2,173.40.

It was trading with volumes of 18,067 shares, compared to its five day average of 17,226 shares, an increase of 4.88 percent.

Indian rupee is trading lower by 69 paise at 91.66 per dollar against Tuesday's close of 90.97.

Raymond Realty announced the launch of ‘The Address by GS, Wadala’, a residential redevelopment project. Spread across a 5.62-acre land parcel, the project carries an estimated revenue potential of Rs 5,000 crore.

Raymond Realty was quoting at Rs 436, down Rs 10.15, or 2.28 percent.

It has touched a 52-week low of Rs 432.20.

It has touched an intraday high of Rs 444.10 and an intraday low of Rs 432.20.

JB Chemicals and Pharmaceuticals was quoting at Rs 1,879.15, down Rs 2.70, or 0.14 percent.

It has touched an intraday high of Rs 1,897.55 and an intraday low of Rs 1,862.50.

It was trading with volumes of 3,901 shares, compared to its five day average of 3,131 shares, an increase of 24.59 percent.

In the previous trading session, the share closed down 2.41 percent or Rs 46.55 at Rs 1,881.85.

The share touched a 52-week high of Rs 1,939.30 and a 52-week low of Rs 1,303 on 07 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 2.52 percent below its 52-week high and 45.09 percent above its 52-week low.

Market capitalisation stands at Rs 29,614.86 crore.

QIB – 0.38 times

NII - 0.30 times

Retail – 1.56 times

Employee Reserved - 1.38 times

Overall – 0.58 times

The Sensex was down 272.01 points or 0.33 percent at 81,908.46, and the Nifty was down 87.85 points or 0.35 percent at 25,144.65. About 1337 shares advanced, 2491 shares declined, and 113 shares unchanged.

Rajratan Global Wire was quoting at Rs 490.85, up Rs 23.00, or 4.92 percent.

It has touched an intraday high of Rs 505.10 and an intraday low of Rs 456.45.

It was trading with volumes of 13,273 shares, compared to its five day average of 16,305 shares, a decrease of -18.60 percent.

In the previous trading session, the share closed down 6.56 percent or Rs 32.85 at Rs 467.85.

The share touched a 52-week high of Rs 540.50 and a 52-week low of Rs 250.00 on 08 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 9.19 percent below its 52-week high and 96.34 percent above its 52-week low.

Market capitalisation stands at Rs 2,492.09 crore.

QIB – 0.38 times

NII - 0.30 times

Retail – 1.53 times

Employee Reserved - 1.35 times

Overall – 0.57 times

#1 Profit ahead of estimates, core profits grew 29 percent YoY, led by higher margin & lower credit costs

#2 AUM grew 19 percent YoY, aided by strong momentum in wheels & commercial banking

#3 AUM can improve further as growth in unsecured loans picks up

#4 Transition to a universal banking platform is a medium-term opportunity

#5 See RoA rising to 1.7 percent in FY27

The Indian rupee extended its losses to hit a fresh record low of 91.72 per dollar, compared with its previous close of 90.97.

#1 Reported strong growth in Q3 with further improvement in profitability

#2 Software engineering skills & improving capabilities to execute managed service contracts are driving growth

#3 Market expectations seem fully priced in valuation

#1 Reported Q3 earnings were in-line

#2 Another robust quarter of refrigerant gas volumes & margin offset subdued specialty chemicals

#3 Year-to-date, chemicals segment topline growth is tracking at over 23 percent YoY

#4 Stated FY26 guidance of 20 percent topline growth implies 15 percent YoY growth in the March quarter versus Q4FY25

Supreme Industries was quoting at Rs 3,308.80, down Rs 62.95, or 1.87 percent.

It has touched an intraday high of Rs 3,359.25 and an intraday low of Rs 3,279.80.

It was trading with volumes of 7,821 shares, compared to its five day average of 10,199 shares, a decrease of -23.32 percent.

In the previous trading session, the share closed down 2.79 percent or Rs 96.85 at Rs 3,371.75.

The share touched a 52-week high of Rs 4,740.00 and a 52-week low of Rs 3,020.00 on 17 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 30.19 percent below its 52-week high and 9.56 percent above its 52-week low.

Market capitalisation stands at Rs 42,030.65 crore.

#1 As per media reports, company is evaluating a USD 10–14 billion acquisition of Organon, which would be its largest deal

#2 US-cased Organon, spun off from MSD in 2021, operates across women’s health, biosimilars & branded products

#3 In CY24, Organon reported revenue of USD 6.4 billion & adjusted EBITDA of USD 2 billion

Sun Pharmaceutical Industries was quoting at Rs 1,621, up Rs 9, or 0.56 percent.

It has touched an intraday high of Rs 1,645 and an intraday low of Rs 1,617.

It was trading with volumes of 62,413 shares, compared to its five day average of 354,714 shares, a decrease of -82.40 percent.

In the previous trading session, the share closed down 3.68 percent or Rs 61.55 at Rs 1,612.

The share touched a 52-week high of Rs 1,850.95 and a 52-week low of Rs 1,547.25 on 02 May, 2025 and 26 September, 2025, respectively.

Currently, the stock is trading 12.42 percent below its 52-week high and 4.77 percent above its 52-week low.

Market capitalisation stands at Rs 388,932.20 crore.

The Sensex was up 140.61 points or 0.17 percent at 82,321.08, and the Nifty was up 51.65 points or 0.2 percent at 25,284.15. About 1131 shares advanced, 2657 shares declined, and 112 shares unchanged.

Kalyan Jewellers has witnessed sharp selling pressure, with the stock correcting nearly 13% in a single session and extending its decline to the 9th consecutive day, highlighting strong bearish momentum and sustained distribution.

On the daily chart, price has broken decisively below all key moving averages (20, 50, 100 & 200 EMA), confirming a well-established downtrend. The EMAs are stacked bearishly and sloping downward, indicating continued selling pressure and absence of short-term trend support.

The latest breakdown candle is a large bearish candle accompanied by expanded volume, suggesting panic selling or aggressive unwinding. The lack of any immediate fundamental trigger further reinforces the technical nature of this move, pointing toward strong institutional selling activity.

Immediate support is placed in the 390–380 zone, where price is currently reacting. This area may provide a temporary pause or technical bounce; however, no reversal confirmation is visible yet. A sustained breakdown below this zone could open the doors for further downside toward lower demand areas.

Structurally, the stock has broken below its prior consolidation base near 440–450, which now acts as a strong overhead supply zone. As long as price remains below this level, the broader trend bias stays bearish and any bounce should be viewed as a corrective move rather than a trend reversal.

Swiggy was quoting at Rs 323.85, down Rs 2.25, or 0.69 percent.

It has touched an intraday high of Rs 328.80 and an intraday low of Rs 318.55.

In the previous trading session, the share closed down 2.19 percent or Rs 7.30 at Rs 326.10.

The share touched a 52-week high of Rs 473.00 and a 52-week low of Rs 297.00 on 19 September, 2025 and 13 May, 2025, respectively.

Currently, the stock is trading 31.53 percent below its 52-week high and 9.04 percent above its 52-week low.

Market capitalisation stands at Rs 89,392.75 crore.

The Competition Commission of India (CCI) has approved the proposed acquisition of a certain shareholding in RBL Bank by Emirates NBD Bank (P.J.S.C.).

RBL Bank was quoting at Rs 295.45, up Rs 1.75, or 0.60 percent.

It has touched an intraday high of Rs 302.70 and an intraday low of Rs 293.00.

It was trading with volumes of 340,730 shares, compared to its five day average of 624,918 shares, a decrease of -45.48 percent.

In the previous trading session, the share closed down 2.84 percent or Rs 8.60 at Rs 293.70.

The share touched a 52-week high of Rs 331.80 and a 52-week low of Rs 148.05 on 06 November, 2025 and 27 January, 2025, respectively.

Currently, the stock is trading 10.96 percent below its 52-week high and 99.56 percent above its 52-week low.

Market capitalisation stands at Rs 18,233.89 crore.

Dr Reddy’s Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies will release their December quarter earnings today.

#1 December 2025 revenues missed estimates, but profits beat expectations

#2 Slower growth in license sales & core markets were key negative surprises

#3 Licence sales declined in FY26 on a high base & should normalise in FY27

#4 Cut EPS estimate by 3–8 percent to factor in weaker growth, expect 15 percent EPS CAGR over FY26-28

#5 At 22x PE on normalised growth expectations, risk-reward appears attractive

QIB – 0.38 times

NII - 0.28 times

Retail – 1.46 times

Employee Reserved - 1.30 times

Overall – 0.55 times

Indian rupee is trading lower by 59 paise at 91.56 per dollar against Tuesday's close of 90.97.

#1 Q3FY26 performance was underscored by margin expansion & a sharp decline in provisions

#2 Expect stronger performance in FY27 than implied by guidance

#3 Increase FY26-28 EPS estimates by 7-13 percent

CreditAccess Grameen was quoting at Rs 1,368.00, up Rs 127.70, or 10.30 percent.

It has touched an intraday high of Rs 1,387 and an intraday low of Rs 1,282.

It was trading with volumes of 880,434 shares, compared to its five day average of 14,933 shares, an increase of 5,795.97 percent.

Gold extended its record rally as the crisis over Greenland and a meltdown in Japanese government debt supported haven demand.

President Donald Trump, who is scheduled to address the World Economic Forum at Davos in Switzerland, showed no signs of

backing down on his grab for the Arctic island. That prompted Greenland’s prime minister to warn the population of a possible

military invasion, though he added it was an unlikely scenario.

Separately, copper resumed gains toward $13,000 a ton as Goldman Sachs Group Inc. forecast continued flows into the US, which has been a key driver behind its powerful price rally. The red metal is crucial to the energy transition.

The won outperforms all Asian peers after supportive comments from the South Korean president. The rupee falls to a fresh record low versus the dollar amid net foreign equity outflows.

The Indian rupee is trading at fresh record low at 91.57.

The Sensex was down 413.42 points or 0.50 percent at 81,767.05, and the Nifty was down 114.70 points or 0.45 percent at 25,117.80. About 831 shares advanced, 2896 shares declined, and 116 shares unchanged.

QIB – 0.38 times

NII - 0.28 times

Retail – 1.43 times

Employee Reserved - 1.26 times

Overall – 0.55 times

Sigachi Industries today announced a significant milestone in its research and development pipeline with the successful advancement of a new Cystic Fibrosis (CF) Active Pharmaceutical Ingredients (APIs) combination comprising Vanzacaftor, Tezacaftor, and Deutivacaftor.

The company has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for engagement as the user-fee agency at the Mundka Fee Plaza, located on the strategically significant Urban Extension Road-11 (UER-11) corridor connecting Delhi and Haryana.

The project, valued at Rs 64.68 crore, involves the operation and collection of user fees at the Mundka Toll Plaza, along with the upkeep and maintenance of associated facilities, including toilet blocks and consumables.

The Board has approved proposals worth Rs 914 crore for the procurement of cold spare transformers and reactors.

Tata Steel was quoting at Rs 182.45, down Re 1, or 0.55 percent.

It has touched an intraday high of Rs 185.60 and an intraday low of Rs 180.85.

It was trading with volumes of 672,222 shares, compared to its five day average of 1,731,176 shares, a decrease of -61.17 percent.

The global technology company has announced a partnership with Carahsoft Technology Corp, a trusted government IT solutions provider, to accelerate digital transformation in the US public sector.

HCL Technologies was quoting at Rs 1,671.80, down Rs 18.95, or 1.12 percent.

It has touched an intraday high of Rs 1,692.45 and an intraday low of Rs 1,669.00.

It was trading with volumes of 41,334 shares, compared to its five day average of 297,469 shares, a decrease of -86.10 percent.

The Sensex was down 833.36 points or 1.01 percent at 81,347.11, and the Nifty was down 242.50 points or 0.96 percent at 24,990. About 1181 shares advanced, 2379 shares declined, and 144 shares unchanged.

The Reserve Bank of India (RBI) has approved the reappointment of Kaizad Bharucha as the Whole-time Director (Deputy Managing Director) of HDFC Bank for a further period of three years, effective April 19, 2026.

Tata Steel was quoting at Rs 184.70, up Rs 1.25, or 0.68 percent.

It has touched an intraday high of Rs 185.60 and an intraday low of Rs 183.35.

It was trading with volumes of 409,383 shares, compared to its five day average of 1,731,176 shares, a decrease of -76.35 percent.

In the previous trading session, the share closed down 2.50 percent or Rs 4.70 at Rs 183.45.

The share touched a 52-week high of Rs 190.95 and a 52-week low of Rs 124.20 on 16 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 3.27 percent below its 52-week high and 48.71 percent above its 52-week low.

Market capitalisation stands at Rs 230,570.83 crore.

The company’s subsidiary, JSW Thermal Energy Two Limited, has signed a Power Purchase Agreement (PPA) with West Bengal State Electricity Distribution Company for a greenfield 1,600 MW (2 × 800 MW) super/ultra-supercritical thermal power plant. The project will be commissioned in Salboni, West Bengal, within six years.

#1 Profit drops 19 percent to Rs 212.1 crore Vs Rs 262.1 crore, YoY

#2 Revenue soars 13.8 percent to Rs 4,003.3 crore Vs Rs 3,518.9 crore, YoY

DCM Shriram was quoting at Rs 1,070.70, down Rs 38.70, or 3.49 percent.

It has touched an intraday high of Rs 1,100.45 and an intraday low of Rs 1,059.90.

Dr Reddy’s Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies will release their December quarter earnings today.

Refex Industries was quoting at Rs 242.10, down Rs 2.10, or 0.86 percent.

It has touched an intraday high of Rs 244.90 and an intraday low of Rs 236.05.

It was trading with volumes of 26,912 shares, compared to its five day average of 98,200 shares, a decrease of -72.59 percent.

In the previous trading session, the share closed down 3.80 percent or Rs 9.65 at Rs 244.20.

The share touched a 52-week high of Rs 534.00 and a 52-week low of Rs 212.00 on 09 June, 2025 and 15 December, 2025, respectively.

Currently, the stock is trading 54.66 percent below its 52-week high and 14.2 percent above its 52-week low.

Market capitalisation stands at Rs 3,319.91 crore.

#1 Profit sinks 69.1 percent to Rs 16.12 crore Vs Rs 52.2 crore, YoY

#2 Revenue rises 2.6 percent to Rs 1,415.8 crore Vs Rs 1,379.5 crore, YoY

#3 Exceptional loss stands at Rs 17.7 crore Vs Nil, YoY

#1 Profit stands at Rs 252.1 crore Vs loss of Rs 99.5 crore, YoY

#2 Net interest income rises 13 percent to Rs 975.6 crore Vs Rs 862.8 crore, YoY

P E Analytics was quoting at Rs 166, up Rs 0.70, or 0.42 percent.

It has touched an intraday high of Rs 166 and an intraday low of Rs 166.

It was trading with volumes of 1,200 shares, compared to its five day average of 7,560 shares, a decrease of -84.13 percent.

The Indian rupee fell to a new low on foreign outflows from the nation’s equities, as a delay in a trade deal with the US dents investor sentiment.

The currency fell as much as 0.4% to 91.3838 per dollar on Wednesday, breaching its previous record low set in December. It weakened for a sixth straight day and underperformed all Asian peers.

Dr Reddy’s Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies will release their December quarter earnings today.

#1 Profit plunges 57.7 percent to Rs 30.1 crore Vs Rs 71.4 crore, YoY

#2 Revenue declines 10 percent to Rs 1,264.7 crore Vs Rs 1,405.3 crore, YoY

Supreme Petrochem was quoting at Rs 515.10, up Rs 7.65, or 1.51 percent.

It has touched a 52-week low of Rs 460.95.

It has touched an intraday high of Rs 525.30 and an intraday low of Rs 460.95.

It was trading with volumes of 43,291 shares, compared to its five day average of 6,514 shares, an increase of 564.60 percent.

#1 Profit increases 3.2 percent to Rs 2.6 crore Vs Rs 2.5 crore, YoY

#2 Revenue soars 13.5 percent to Rs 427.8 crore Vs Rs 376.8 crore, YoY

EPack Durables was quoting at Rs 264.35, up Rs 3.10, or 1.19 percent.

It has touched an intraday high of Rs 269.35 and an intraday low of Rs 260.50.

It was trading with volumes of 28,738 shares, compared to its five day average of 120,705 shares, a decrease of -76.19 percent.

KPI Green Energy was quoting at Rs 441.15, down Rs 1.40, or 0.32 percent.

It has touched an intraday high of Rs 445.75 and an intraday low of Rs 435.65.

It was trading with volumes of 26,823 shares, compared to its five day average of 101,539 shares, a decrease of -73.58 percent.

In the previous trading session, the share closed down 0.01 percent or Rs 0.05 at Rs 442.55.

The share touched a 52-week high of Rs 562.60 and a 52-week low of Rs 312.95 on 16 July, 2025 and 29 January, 2025, respectively.

Currently, the stock is trading 21.59 percent below its 52-week high and 40.97 percent above its 52-week low.

Market capitalisation stands at Rs 8,705.70 crore.

The Sensex was down 292.35 points or 0.36 percent at 81,888.12, and the Nifty was down 69.85 points or 0.28 percent at 25,162.65. About 1338 shares advanced, 1943 shares declined, and 168 shares unchanged.

#1 Profit jumps 24.8 percent to Rs 418 crore Vs Rs 335 crore, YoY

#2 Revenue rises 7.6 percent to Rs 3,694 crore Vs Rs 3,433 crore, YoY

#3 Board approves further investment in Sober by subscribing to 1,762 CCPS for Rs 3.2 crore. With this, company’s stake in Sober to rise from 15 percent to 25 percent.

United Spirits was quoting at Rs 1,283.90, down Rs 34.65, or 2.63 percent.

It has touched an intraday high of Rs 1,311.30 and an intraday low of Rs 1,278.

It was trading with volumes of 22,036 shares, compared to its five day average of 217,201 shares, a decrease of -89.85 percent.

In the previous trading session, the share closed down 0.39 percent or Rs 5.10 at Rs 1,318.55.

The share touched a 52-week high of Rs 1,644.90 and a 52-week low of Rs 1,270.50 on 05 June, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 21.95 percent below its 52-week high and 1.05 percent above its 52-week low.

Market capitalisation stands at Rs 93,384.58 crore.

Chemical based multi-business entity SRF Ltd on Tuesday reported a 59.6 per cent rise in consolidated profit after tax to Rs 432.66 crore for the third quarter ended December 31, 2025 on the back of strong performance of its chemicals vertical.

The company, which had posted a consolidated Profit After Tax (PAT) of Rs 271.08 crore in the corresponding period last fiscal, said its board has approved setting up of a new pharma intermediates facility at Dahej, with an estimated investment of Rs 180 crore.

Dr Reddy’s Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies will release their December quarter earnings today.

Dr Reddys Laboratories was quoting at Rs 1,178.70, up Rs 11.80, or 1.01 percent.

It has touched an intraday high of Rs 1,193.60 and an intraday low of Rs 1,167.65.

It was trading with volumes of 204,887 shares, compared to its five day average of 199,610 shares, an increase of 2.64 percent.

In the previous trading session, the share closed up 0.04 percent or Rs 0.45 at Rs 1,166.90.

The share touched a 52-week high of Rs 1,377.95 and a 52-week low of Rs 1,025.90 on 12 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.46 percent below its 52-week high and 14.89 percent above its 52-week low.

Market capitalisation stands at Rs 98,377.88 crore.