Closing Bell: Markets climb for 3rd day in a row; Sensex up 222 pts, Nifty reclaims 25,400

Indian benchmark indices ended higher for the third consecutive session in the volatile session on January 29. At close, the Sensex was up 221.69 points or 0.27 percent at 82,566.37, and the Nifty was up 76.15 points or 0.30 percent at 25,418.90.

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 remained volatile but managed to edge higher amid mixed cues. After an initial downtick, the Nifty drifted lower in early trade; however, buying interest in heavyweight stocks across sectors helped pare losses and eventually pushed the index into positive territory. As a result, the benchmark settled near the 25,418 level, up by 0.30 percent. Sectoral trends were mixed, keeping participants engaged, with metals, energy and banking stocks edging higher, while FMCG, pharma and IT names remained under pressure. The broader market took a breather after two sessions of rebound and ended largely unchanged.

Market sentiment stayed cautious as investors awaited key domestic events, including the Economic Survey and the upcoming Union Budget. Global uncertainty, mixed corporate earnings and continued foreign institutional selling weighed on risk appetite, while weakness in the Indian rupee added to the cautious undertone. That said, resilience in select heavyweight stocks helped limit the downside and enabled the index to sustain its recovery.

The Nifty continues to hover around the long-term moving average, the 200 DEMA, with the ongoing tussle reflecting indecision at these levels. Having crossed the immediate hurdle around 25,350, the index now appears poised to inch towards the 25,600 zone. Strength in the banking index is playing a key role in the rebound, with other sectors providing support on a rotational basis. However, participants should avoid getting carried away by the recovery and remain selective, focusing on performing sectors and themes while keeping position sizes in check amid lingering geopolitical uncertainty and the approaching Union Budget.

Today, the Indian stock markets recovered strongly, after a volatile start. The Sensex ended 221 points higher at 82,566, while the Nifty 50 closed above 25,400.

The recovery was driven by three key factors. First, the recently finalized India–EU FTA boosted market sentiment. Second, FIIs turned buyers after selling for 15 straight sessions, investing Rs. 480 crore in the cash market.

DIIs continued to provide strong support, with inflows of Rs. 3,360 crore, helping stabilize the market. Third, the Economic Survey 2025-26 reassured investors about India’s macro strength. It projected GDP growth of 7.4% in FY26 and 7.2% in FY27, highlighted low inflation, improved bank asset quality, and continued government capital spending to support growth.

Sector wise, metal stocks outperformed sharply, led by Hindustan Copper, supported by strong commodity prices and infrastructure demand expectations. In contrast, IT stocks declined, while FMCG and auto stocks saw mild profit booking. Looking ahead, markets may remain volatile until the Union Budget.

After initial weakness, the Nifty gained strength and closed higher. Overall, it maintained its position above the 50 EMA on the hourly chart. The RSI has remained in a positive crossover on the hourly timeframe.

With Friday being the last trading session ahead of the Budget, a relatively contained movement can be expected. On the higher end, 25,500 is likely to act as a crucial resistance. On the lower end, immediate support is placed at 25,200, below which a sharp decline may be seen in the market.

On Thursday, the benchmark index Nifty witnessed a phase of early weakness, slipping into a corrective mode during the first hour of trade. However, the index found strong buying interest near its 200 day EMA. From this support zone, Nifty gradually recovered, forming a sequence of higher tops and higher bottoms throughout the session. Eventually, the index managed to close above the 25400 level, registering a modest gain of 0.30%. On the daily chart, Nifty has formed a small bodied bullish candle with a long lower shadow, highlighting the presence of dip buying interest and reinforcing the importance of the 200 day EMA as a reliable support zone.

Within the Nifty basket, Tata Steel and Larsen & Toubro (LT) emerged as the top performers, contributing significantly to the index’s recovery. In contrast, Asian Paints and SBI Life were the major laggards, dragging on overall sentiment. Sectorally, Nifty Metal and Nifty Private Bank indices outperformed. Meanwhile, Nifty Healthcare and Nifty FMCG ended as the top losers, indicating profit booking in defensives and consumption-oriented counters.

The broader markets also closed in positive territory, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices extending their upward momentum. However, despite the gains in headline indices, the advance–decline ratio remained skewed in favour of decliners, signalling underlying breadth weakness. Out of the Nifty 500 universe, 313 stocks closed lower, suggesting that market strength was concentrated in select heavyweights rather than being broad-based.

Nifty View

Going ahead, the 20-day and 100-day EMA zone of 25550–25580 will act as the immediate hurdle for the index. Any sustainable move above 25580 will likely lead to an extension of the pullback rally up to 25700, followed by 25850 in the short term. On the downside, the 25300–25270 zone will act as an important support area for the index.

Bank Nifty View

The banking benchmark Bank Nifty extended its upward momentum for the third consecutive session, continuing to outperform the broader frontline indices. The index remains one of the strongest pockets in the market and is now just 0.80% away from its all-time high. The daily RSI, currently at 56, is trending higher, indicating improving momentum and room for further upside.

Looking ahead, the index is expected to continue its northward trajectory, supported by strong price structure and healthy momentum signals. Bank Nifty is likely to move towards 60500, followed by 61100 in the short term. On the downside, the 20 day EMA zone of 59500–59400 will act as a crucial support area for the index.

The Indian rupee has touched a record low, breaking 92 level, pressured by persistent capital outflows and the rising price of imported commodities. Despite a softening greenback, central bank interventions, and an improvement in risk sentiment, the rupee depreciated against a backdrop of deep-seated supply-demand imbalances of the dollar.

The trend favours a weaker Indian rupee until substantial inflows resume or a trade agreement with the US is reached. In the near term, spot USDINR faces resistance at 92.10 and finds support at 91.50.

The Economic Survey 2025-26 reaffirms India’s position as the fastest-growing major economy, with real GDP growth projected at 7.4% in FY26. Robust domestic demand, reflected in PFCE rising 7.5% in H1 and GFCF estimated at 30% of GDP, is complemented by supply-side strength in services and industry. Manufacturing rebounded to 8.4% in H1, aided by capacity utilisation above long-term averages and GST rationalisation boosting competitiveness. Headline CPI eased to 1.7% (Apr–Dec), with food disinflation supporting real incomes.

Fiscal discipline is evident, with capex scaled to 4% of GDP and revenue receipts buoyant at 9.1%, enabling a 7.1 percentage point reduction in the debt-to-GDP ratio since FY20. Banking NPAs at 2.2%, a multi-year low, are facilitating healthier credit growth. From a credit rating perspective, buoyant revenues, contained deficits, and robust forex reserves strengthen the case for a sovereign upgrade, reflecting improved debt sustainability and growth buffers amid EM peers’ strains.

The recently concluded India–EU FTA opens over 99% of the EU market within seven years, with 90% of goods moving to zero duty from day one, unlocking USD 33 billion of Indian exports immediately. Despite global trade fragmentation and agricultural volatility, reforms in skilling, deregulation, and digital infrastructure position India for 6.8–7.2% growth in FY27. Unlocking sustained 8%+ potential will hinge on labour reforms, higher R&D investment, and deeper integration into global value chains.

Domestic markets ended higher after staging a strong rebound, supported by an upbeat economic survey that reaffirmed a robust FY27 growth outlook and a well anchored inflation environment amidst persistent global uncertainties.

Global cues were largely constructive, though elevated bullion and crude prices due to escalating U.S.–Iran tensions weighed on overall risk sentiment. Sectorally, FMCG, IT, and Auto stocks underperformed, while Metals outperformed on expectations of stronger realizations driven by firm commodity prices.

Bank Nifty has decisively closed above its 20-day SMA, forming a strong bullish candlestick, which signals improving price structure. Momentum indicators are supportive, with RSI witnessing a bullish crossover, indicating a pickup in buying strength. The overall setup reflects renewed strength in the index; however, volatility may remain elevated ahead of the Union Budget announcement. Despite potential short-term swings, the undertone remains bullish. For the near term, Bank Nifty is expected to trade in a broad range with support at 59,000 and resistance at 60,400 levels.

Indian rupee ended lower at 91.95 per dollar on Thursday versus previous close of 91.79.

Indian benchmark indices ended higher for the third consecutive session in the volatile session on January 29.

At close, the Sensex was up 221.69 points or 0.27 percent at 82,566.37, and the Nifty was up 76.15 points or 0.30 percent at 25,418.90. About 1640 shares advanced, 2424 shares declined, and 138 shares unchanged.

Nifty midcap and smallcap indices ended with marginal gains.

Among sectors, pharma, PSU Bank, IT, FMCG, auto down 0.7-1%, while metal, realty, private bank, power, energy, oil & gas up 0.6-3%.

L&T, Tata Steel, Eternal, Axis Bank, Tata Motors Passenger Vehicles were among top gainers on the Nifty, while losers were Asian Paints, SBI Life Insurance, Interglobe Aviation, Maruti Suzuki and Tata Consumer.

#1 Q3 EBITDA above estimates on stronger-than-expected ASP growth

#2 Better product mix drove margin, management demand outlook remains positive

#3 Q4 domestic 2W industry volume growth guidance at 15 percent YoY

#4 Supported by GST cuts, rate cuts & favourable monsoon

#5 Rising input costs to be offset by price hikes & cost initiatives

#6 Valuation at 41x FY27 earnings remains elevated

TVS Motor Company was quoting at Rs 3,654.60, down Rs 64.40, or 1.73 percent.

It has touched an intraday high of Rs 3,763.05 and an intraday low of Rs 3,605.00.

It was trading with volumes of 24,813 shares, compared to its five day average of 21,822 shares, an increase of 13.70 percent.

Apollo Pipes was quoting at Rs 264.90, down Rs 11.25, or 4.07 percent.

It has touched an intraday high of Rs 278.95 and an intraday low of Rs 259.70.

It was trading with volumes of 9,879 shares, compared to its five day average of 3,838 shares, an increase of 157.39 percent.

Deepak Fertilisers And Petrochemicals Corporation was quoting at Rs 1,102.20, down Rs 69.80, or 5.96 percent.

It has touched an intraday high of Rs 1,195.45 and an intraday low of Rs 1,101.30.

It was trading with volumes of 24,622 shares, compared to its five day average of 13,672 shares, an increase of 80.09 percent.

Coromandel International was quoting at Rs 2,229.40, down Rs 27.35, or 1.21 percent.

It has touched an intraday high of Rs 2,295.90 and an intraday low of Rs 2,222.15.

It was trading with volumes of 11,036 shares, compared to its five day average of 20,212 shares, a decrease of -45.40 percent.

Indian Oil Corporation was quoting at Rs 162.65, down Rs 0.15, or 0.09 percent.

It has touched an intraday high of Rs 164.70 and an intraday low of Rs 161.95.

It was trading with volumes of 1,007,077 shares, compared to its five day average of 882,721 shares, an increase of 14.09 percent.

The Sensex was up 250.73 points or 0.30 percent at 82,595.41, and the Nifty was up 82.75 points or 0.33 percent at 25,425.50. About 1562 shares advanced, 2307 shares declined, and 123 shares unchanged.

The FY26 Economic Survey highlights India’s strong growth and macroeconomic stability despite rising global geopolitical and financial risks. It focuses on sustaining high growth through fiscal consolidation, contained inflation, and financial-sector resilience, while flagging external vulnerabilities arising from current account deficits and currency pressures.

The Survey emphasises the need for manufacturing-led exports, deeper integration into global value chains, and lower structural cost of capital to strengthen external resilience. It also stresses infrastructure expansion, deregulation, and enhanced state capacity—an “entrepreneurial state”—alongside priorities on skilling, employment, climate-resilient growth, and AI-led transformation to raise India’s potential growth to around 7%.

Indian rupee is trading lower at 91.94 per dollar versus previous close of 91.79.

Adani Power was quoting at Rs 134.00, down Rs 0.85, or 0.63 percent.

It has touched an intraday high of Rs 136.50 and an intraday low of Rs 132.60.

It was trading with volumes of 2,727,025 shares, compared to its five day average of 2,334,692 shares, an increase of 16.80 percent.

#1 Strong Q3 performance, new sales up 24 percent YoY

#2 Margin at 26.6 percent despite GST impact

#3 Guides to around 150 bps gross margin impact in FY27

#4 Net impact expected at 30-40 bps

#5 Growth trending above FY26 guidance

SBI Life Insurance Company was quoting at Rs 1,994.10, down Rs 58.50, or 2.85 percent.

It has touched an intraday high of Rs 2,071.35 and an intraday low of Rs 1,963.05.

It was trading with volumes of 80,600 shares, compared to its five day average of 92,985 shares, a decrease of -13.32 percent.

Gillette India was quoting at Rs 8,332.55, up Rs 471.70, or 6 percent.

It has touched an intraday high of Rs 8,355 and an intraday low of Rs 7,786.

It was trading with volumes of 12,622 shares, compared to its five day average of 1,596 shares, an increase of 690.65 percent.

In the previous trading session, the share closed down 0.44 percent or Rs 34.60 at Rs 7,860.85.

The share touched a 52-week high of Rs 11,505 and a 52-week low of Rs 7,413 on 15 July, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 27.57 percent below its 52-week high and 12.4 percent above its 52-week low.

Market capitalisation stands at Rs 27,151.79 crore.

#1 Industry-leading performance expected to continue

#2 Q3FY26 margin beat consensus, commodity cost increases largely passed on

#3 Expect continued margin expansion

#4 Key risks include commodity pressure, EV competition & overseas investments

TVS Motor Company was quoting at Rs 3,666.00, down Rs 53.00, or 1.43 percent.

It has touched an intraday high of Rs 3,763.05 and an intraday low of Rs 3,605.00.

It was trading with volumes of 23,135 shares, compared to its five day average of 21,822 shares, an increase of 6.01 percent.

In the previous trading session, the share closed up 4.31 percent or Rs 153.70 at Rs 3,719.00.

The share touched a 52-week high of Rs 3,908.95 and a 52-week low of Rs 2,191.30 on 05 January, 2026 and 28 February, 2025, respectively.

Currently, the stock is trading 6.22 percent below its 52-week high and 67.3 percent above its 52-week low.

Market capitalisation stands at Rs 174,166.94 crore.

#1 EBIT grew 21 percent YoY but missed estimates by 7 percent

#2 Lower-than-expected ASP & margin

#3 Positive on PV demand & exports, skeptical on market share & margin expansion

#4 Cut FY26–28 EPS by 3-5 percent

Maruti Suzuki India was quoting at Rs 14,511.15, down Rs 365.65, or 2.46 percent.

It has touched an intraday high of Rs 14,876.75 and an intraday low of Rs 14,370.

It was trading with volumes of 18,154 shares, compared to its five day average of 30,811 shares, a decrease of -41.08 percent.

Vedanta has decided to exercise the oversubscription option in the offer-for-sale to the extent of 1.4 crore shares of Hindustan Zinc, in addition to the base offer size of 3.35 crore shares, on January 29. With this, the total offer size will increase to 4.75 crore shares, representing 1.13 percent of the paid-up equity.

Vedanta was quoting at Rs 765.80, up Rs 28.70, or 3.89 percent.

It has touched a 52-week high of Rs 766.60.

It has touched an intraday high of Rs 766.60 and an intraday low of Rs 744.

#1 Strong order inflow, margin uptick & working capital improvement

#2 Revenue slightly weak, expect Q4FY26 order inflow to be soft

#3 Remain skeptical on capex uptick in middle east & government projects

#1 In-line Q3 performance, industry growth expected at 15 percent in Q4FY26

#2 Strong H1FY27 growth expected on GST & rate tailwinds

#3 Urban growth slightly ahead of rural at 21 percent vs 19 percent

#4 Commodity inflation impact of 20-40 bps

#5 Price hikes of 20-30 bps taken in Q4

#6 Confident of offsetting cost pressures

TVS Motor Company was quoting at Rs 3,641.30, down Rs 77.70, or 2.09 percent.

It has touched an intraday high of Rs 3,763.05 and an intraday low of Rs 3,605.00.

It was trading with volumes of 21,965 shares, compared to its five day average of 21,822 shares, an increase of 0.65 percent.

Indian Energy Exchange was quoting at Rs 127.15, down Rs 1.65, or 1.28 percent.

It has touched an intraday high of Rs 129.45 and an intraday low of Rs 126.

It was trading with volumes of 439,949 shares, compared to its five day average of 475,753 shares, a decrease of -7.53 percent.

In the previous trading session, the share closed up 0.98 percent or Rs 1.25 at Rs 128.80.

Equitas Small Finance Bank was quoting at Rs 69.87, up Rs 0.29, or 0.42 percent.

It has touched an intraday high of Rs 71.19 and an intraday low of Rs 67.77.

It was trading with volumes of 140,217 shares, compared to its five day average of 241,665 shares, a decrease of -41.98 percent.

#1 VNB up 22 percent YoY, driven by improved product mix

#2 Margin declined 35 Bps YoY due to ITC loss

#3 GST impact largely mitigated

Aditya Birla Fashion & Retail was quoting at Rs 63.81, down Rs 1.57, or 2.40 percent.

It has touched an intraday high of Rs 65.24 and an intraday low of Rs 63.50.

It was trading with volumes of 84,821 shares, compared to its five day average of 1,161,893 shares, a decrease of -92.70 percent.

Canara Bank was quoting at Rs 152.50, down Rs 5.30, or 3.36 percent.

It has touched a 52-week high of Rs 160.80.

It has touched an intraday high of Rs 160.80 and an intraday low of Rs 150.60.

Apar Industries was quoting at Rs 7,774.15, up Rs 362.65, or 4.89 percent.

It has touched an intraday high of Rs 7,850.00 and an intraday low of Rs 7,425.05.

TTK Prestige was quoting at Rs 579.00, down Rs 18.00, or 3.02 percent.

It has touched a 52-week low of Rs 570.75.

It has touched an intraday high of Rs 603.00 and an intraday low of Rs 570.75.

It was trading with volumes of 2,836 shares, compared to its five day average of 770 shares, an increase of 268.12 percent.

Dhirendra Jain has been appointed as the Chief Financial Officer (CFO) of the bank, effective February 1, following the resignation of Avinash Vasant Prabhu, who will step down as CFO effective January 31, 2026.

Union Bank of India was quoting at Rs 178.65, down Rs 3.35, or 1.84 percent.

It has touched a 52-week high of Rs 183.40.

It has touched an intraday high of Rs 183.40 and an intraday low of Rs 178.20.

The Board of Directors of Max Financial Services has granted in-principle approval for a potential amalgamation between the company and Axis Max Life Insurance (AMLI), a subsidiary of the company.

Shareholders of the company will be issued shares in AMLI based on a share entitlement ratio (to be determined), subject to approvals from Axis Bank, Axis Securities, and Axis Capital, which collectively hold a 19.02 percent stake in AMLI.

Max Financial Services was quoting at Rs 1,599.20, down Rs 24.90, or 1.53 percent.

It has touched an intraday high of Rs 1,643.60 and an intraday low of Rs 1,592.25.

It was trading with volumes of 262,869 shares, compared to its five day average of 5,550 shares, an increase of 4,636.72 percent.

#1 Strong VNB growth driven by APE growth & favourable mix

#2 Expect 18 percent EV CAGR over FY26–28

#3 VNB estimates raised by 1–2 percent

SBI Life Insurance Company was quoting at Rs 1,966.50, down Rs 86.10, or 4.19 percent.

It has touched an intraday high of Rs 2,071.35 and an intraday low of Rs 1,963.05.

It was trading with volumes of 73,836 shares, compared to its five day average of 92,985 shares, a decrease of -20.59 percent.

The Sensex was down 18.12 points or 0.02 percent at 82,326.56, and the Nifty was down 15.70 points or 0.06 percent at 25,327.05. About 1371 shares advanced, 2400 shares declined, and 123 shares unchanged.

The company received an order for supply of local electric compressor to Maruti Suzuki India Limited (MSIL) for its forthcoming EV and hybrid vehicle programs. The approximate value of the business award is Rs 1280 crore.

Tata Motors was quoting at Rs 466.20, down Rs 1.90, or 0.41 percent.

It has touched a 52-week high of Rs 474.45.

It has touched an intraday high of Rs 474.45 and an intraday low of Rs 459.80.

It was trading with volumes of 843,310 shares, compared to its five day average of 1,451,754 shares, a decrease of -41.91 percent.

ITC, Tata Motors, Swiggy, REC, One 97 Communications Paytm, Canara Bank, Colgate Palmolive (India), Adani Power, Aequs, Blue Star, Container Corporation of India, Coromandel International, Dabur India, Dixon Technologies, Indian Energy Exchange, Indegene, Jaro Institute of Technology Management and Research, Manappuram Finance, Nippon Life India Asset Management, NTPC Green Energy, Prestige Estates Projects, Vedanta, Voltas, and Websol Energy System will release their quarterly earnings today.

#1 Profit spikes 73.9% to Rs 170.8 crore Vs Rs 98.2 crore, YoY

#2 Revenue jumps 49.1% to Rs 1,895.7 crore Vs Rs 1,271 crore, YoY

Garden Reach Shipbuilders & Engineers was quoting at Rs 2,569.80, up Rs 50.35, or 2.00 percent.

It has touched an intraday high of Rs 2,640 and an intraday low of Rs 2,550.50.

It was trading with volumes of 283,618 shares, compared to its five day average of 116,321 shares, an increase of 143.82 percent.

In the previous trading session, the share closed up 5.59 percent or Rs 133.35 at Rs 2,519.45.

The share touched a 52-week high of Rs 3,535 and a 52-week low of Rs 1,180.10 on 23 June, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 27.3 percent below its 52-week high and 117.76 percent above its 52-week low.

Market capitalisation stands at Rs 29,437.57 crore.

#1 December quarter EBITDA 14 percent above expectations

#2 Margin & revenue surprised positively

#3 9MFY26 margin at 29.3 percent vs FY26 guidance of over 27 percent

#4 Order flow guidance maintained at Rs 27,000 crore

#5 71 percent of FY26 orders achieved YTD

#6 Confidence in over 15 percent FY26 revenue growth

#7 India–EU deal could aid R&D & ordering

Bharat Electronics was quoting at Rs 440.45, down Rs 12.95, or 2.86 percent.

It has touched an intraday high of Rs 456.15 and an intraday low of Rs 438.50.

It was trading with volumes of 2,145,024 shares, compared to its five day average of 1,977,541 shares, an increase of 8.47 percent.

#1 Profit rises 5.6% to Rs 72.5 crore Vs Rs 68.7 crore, YoY

#2 Revenue grows 11.9% to Rs 445.4 crore Vs Rs 398 crore, YoY

Rainbow Childrens Medicare was quoting at Rs 1,189..

It was trading with volumes of 6,395 shares, compared to its five day average of 6,695 shares, a decrease of -4.48 percent.

Nichidai Corporation and Sansera Engineering to enter into a joint venture relationship to undertake the business for manufacturing of precision forged and machined parts in aluminium and steel for differential assemblies, compressors, driveline and such other advanced automotive components, not currently manufactured by Sansera, for sale in markets in India and overseas.

Sansera Engineering was quoting at Rs 1,667.35, down Rs 5.20, or 0.31 percent.

It has touched an intraday high of Rs 1,707.55 and an intraday low of Rs 1,645.00.

It was trading with volumes of 12,223 shares, compared to its five day average of 10,763 shares, an increase of 13.56 percent.

KPIT Technologies was quoting at Rs 1,067.50, down Rs 37.75, or 3.42 percent.

It has touched an intraday high of Rs 1,136.05 and an intraday low of Rs 1,064.70.

It was trading with volumes of 34,479 shares, compared to its five day average of 39,476 shares, a decrease of -12.66 percent.

Zaggle would provide the facility to procure and lease mobile phones to the Employees of Hexalog Technologies Private Limited under Zaggle’s Employee Purchase Programme.

#1 Profit declines 9.9% to Rs 810.4 crore Vs Rs 899.5 crore, YoY

#2 Net interest income jumps 20.6% to Rs 2,304.5 crore Vs Rs 1,911.3 crore, YoY

#3 Exceptional loss stands at Rs 117.3 crore Vs Nil, YoY

Mahindra and Mahindra Financial Services was quoting at Rs 366, down Rs 3.60, or 0.97 percent.

It has touched an intraday high of Rs 372.10 and an intraday low of Rs 359.

It was trading with volumes of 84,267 shares, compared to its five day average of 139,511 shares, a decrease of -39.60 percent.

#1 Profit spikes 51.8% to Rs 29.01 crore Vs Rs 19.1 crore, YoY

#2 Revenue grows 17.8% to Rs 195.5 crore Vs Rs 165.9 crore, YoY

Thyrocare Technologies was quoting at Rs 429.15, down Rs 30.05, or 6.54 percent.

It has touched an intraday high of Rs 476.40 and an intraday low of Rs 423.05.

It was trading with volumes of 26,230 shares, compared to its five day average of 15,165 shares, an increase of 72.97 percent.

#1 Q3FY26 normalised performance reasonable

#2 Street may need to lower FY27–28 estimates

#3 Near-term growth healthy, remains a strong long-term growth story

Maruti Suzuki India was quoting at Rs 14,490, down Rs 386.80, or 2.60 percent.

It has touched an intraday high of Rs 14,876.75 and an intraday low of Rs 14,370.

It was trading with volumes of 16,570 shares, compared to its five day average of 30,811 shares, a decrease of -46.22 percent.

#1 Strong Q3 with revenue, EBITDA & PAT growth of 24 percent, 27 percent & 20 percent YoY

#2 FY26 revenue growth guidance of at least 15 percent reiterated

#3 EBITDA margin guidance at 27 percent

#4 Base order inflow guidance of Rs 27,000 crore

Bharat Electronics was quoting at Rs 442.90, down Rs 10.50, or 2.32 percent.

It has touched an intraday high of Rs 456.15 and an intraday low of Rs 438.50.

It was trading with volumes of 2,087,901 shares, compared to its five day average of 1,977,541 shares, an increase of 5.58 percent.

#1 APE growth ahead of guidance

#2 Second-best VNB growth expected in FY26

#3 Persistency better than peers, healthy growth momentum expected in FY27

SBI Life Insurance Company was quoting at Rs 1,978.70, down Rs 73.90, or 3.60 percent.

It has touched an intraday high of Rs 2,071.35 and an intraday low of Rs 1,978.45.

It was trading with volumes of 45,433 shares, compared to its five day average of 92,985 shares, a decrease of -51.14 percent.

Indian rupee is trading lower at 91.97 per dollar versus previous close of 91.79.

The rupee opening at a record low of ₹91.99 against the US dollar reflects mounting external pressures rather than any domestic macro weakness. Persistent dollar strength, elevated US bond yields and continued foreign portfolio outflows have collectively kept emerging market currencies under stress, with the rupee being no exception. Month-end importer demand and precautionary hedging have further accentuated the move. While the RBI has the ammunition to smooth excessive volatility, it is unlikely to defend any specific level aggressively in the absence of disorderly market conditions.

From a medium-term perspective, India’s fundamentals remain relatively resilient, supported by stable growth and manageable inflation. However, near-term currency direction will continue to be guided by global cues — particularly the US rate trajectory, capital flow trends and geopolitical developments. Investors should view the current depreciation more as a phase of global realignment rather than a structural deterioration in India’s economic outlook.

The Sensex was down 310.48 points or 0.38 percent at 82,034.20, and the Nifty was down 84.05 points or 0.33 percent at 25,258.70. About 1317 shares advanced, 2393 shares declined, and 123 shares unchanged.

#1 Q3 EBITDA 4 percent above expectations on higher E&C margin at 8.2 percent, up 60 bps YoY

#2 Margin improved despite 20 percent YoY growth in international E&C Revenues & 2 percent in domestic

#3 Order flow rose 17 percent YoY

#4 Management confident of crossing 10 percent FY26E growth guidance

#5 Five-year plan to be unveiled in May 2026

#6 Potential discussion on semiconductor investments & Hyderabad metro moving off books

#7 Positive triggers ahead

#1 Profit stands at Rs 20 crore Vs loss of Rs 10 crore, YoY

#2 Revenue falls 7.3% to Rs 179 crore Vs Rs 193 crore, YoY

Symphony was quoting at Rs 855.80, up Rs 18.10, or 2.16 percent.

It has touched a 52-week low of Rs 811.80.

It has touched an intraday high of Rs 861 and an intraday low of Rs 811.80.

It was trading with volumes of 9,609 shares, compared to its five day average of 2,247 shares, an increase of 327.64 percent.

Nacl Industries was quoting at Rs 156.25, down Rs 1.95, or 1.23 percent.

It has touched an intraday high of Rs 160 and an intraday low of Rs 152.60.

It was trading with volumes of 2,843 shares, compared to its five day average of 20,985 shares, a decrease of -86.45 percent.

#1 Profit rises 4.2% to Rs 275.8 crore Vs Rs 264.8 crore, YoY

#2 Revenue jumps 15% to Rs 1,121.2 crore Vs Rs 975.1 crore, YoY

Phoenix Mills was quoting at Rs 1,680.00, down Rs 48.35, or 2.80 percent.

It has touched an intraday high of Rs 1,758.95 and an intraday low of Rs 1,679.90.

It was trading with volumes of 24,966 shares, compared to its five day average of 5,918 shares, an increase of 321.84 percent.

ITC was quoting at Rs 318.85, down Rs 2.40, or 0.75 percent. It has touched an intraday high of Rs 322.95 and an intraday low of Rs 318.05. It was trading with volumes of 627,261 shares, compared to its five day average of 1,199,300 shares, a decrease of -47.70 percent.

In the previous trading session, the share closed up 0.77 percent or Rs 2.45 at Rs 321.25.

The share touched a 52-week high of Rs 471.30 and a 52-week low of Rs 318.00 on 01 February, 2025 and 27 January, 2026,  respectively. Currently, the stock is trading 32.35 percent below its 52-week high and 0.27 percent above its 52-week low. Market capitalisation stands at Rs 399,494.48 crore.

#1 Profit surges 23.4% to Rs 267.6 crore Vs Rs 216.9 crore, YoY

#2 Revenue spikes 35.7% to Rs 1,971.1 crore Vs Rs 1,453 crore, YoY

Sagility was quoting at Rs 50.33, down Rs 1.36, or 2.63 percent.

It has touched an intraday high of Rs 53.89 and an intraday low of Rs 49.11.

It was trading with volumes of 4,841,080 shares, compared to its five day average of 2,118,760 shares, an increase of 128.49 percent.

#1 Profit jumps 21.3% to Rs 79.9 crore Vs Rs 65.9 crore, YoY

#2 Revenue soars 18.5% to Rs 1,084.2 crore Vs Rs 915.1 crore, YoY

ASK Automotive was quoting at Rs 436.15, up Rs 9.80, or 2.30 percent.

It has touched an intraday high of Rs 442.65 and an intraday low of Rs 431.50.

It was trading with volumes of 4,168 shares, compared to its five day average of 6,271 shares, a decrease of -33.54 percent.

ITC, Tata Motors, Swiggy, REC, One 97 Communications Paytm, Canara Bank, Colgate Palmolive (India), Adani Power, Aequs, Blue Star, Container Corporation of India, Coromandel International, Dabur India, Dixon Technologies, Indian Energy Exchange, Indegene, Jaro Institute of Technology Management and Research, KPIT Technologies, Manappuram Finance, Nippon Life India Asset Management, NTPC Green Energy, Prestige Estates Projects, Vedanta, Voltas, and Websol Energy System will release their quarterly earnings today.

A few of the Nifty Next 50 stocks scaled fresh 52-week highs in intraday trade, led by metals and banking names. Jindal Steel & Power touched a new one-year high of Rs 1,165.20, while Vedanta climbed to Rs 759.35. In the banking space, Canara Bank also hit a fresh 52-week high of Rs 160.79, underscoring continued buying interest in select PSU and commodity-linked stocks.

Several frontline stocks touched fresh 52-week highs in intraday trade, led by metal, energy and financial names. Hindalco Industries hit a new one-year high of Rs 1,029.20, while Tata Steel touched Rs 198.75. Energy majors also featured prominently, with ONGC scaling Rs 275.73 and Coal India hitting Rs 452.90. Among financials, State Bank of India touched a 52-week high of Rs 1,075, while Shriram Finance and JSW Steel also hit fresh one-year highs during the session.

Precious metal exchange-traded funds dominated trading activity on the NSE, emerging among the most active securities by volume. Nippon India Silver ETF jumped 5.7 percent to around Rs 351, while Nippon India ETF Gold BeES surged over 7 percent to about Rs 145, reflecting strong investor interest in bullion-linked assets. Both ETFs featured prominently in the NSE’s most active list alongside metal stocks such as Hindustan Copper, Hindustan Zinc and Vedanta, underscoring heightened activity in commodities amid volatile equity market conditions.

Sectoral trends remained mixed in late morning trade, with metal stocks continuing to outperform. The Nifty Metal index climbed over 2.3 percent to around 12,393, extending gains on the day, while energy and oil & gas stocks also traded higher.

On the downside, auto, FMCG and IT stocks remained under pressure, with the Nifty Auto index down about 1.6 percent, Nifty FMCG slipping over 1.4 percent, and Nifty IT falling nearly 1.4 percent. Midcap and smallcap indices also traded lower, while the India VIX edged higher, reflecting continued caution in the broader market.

Heritage Foods shares fall as much as 9.7% to nine-month low of Rs 358 apiece and are set for biggest daily percentage drop since September 2025.

The company's Q3 consolidated net profit is down 20% as higher milk procurement prices hurt and revenue is up 8%.

Milk procurement costs, the price at which companies source raw milk from farmers, rose 9% from a year ago, the company said.

ITC, Tata Motors, Swiggy, REC, One 97 Communications Paytm, Canara Bank, Colgate Palmolive (India), Adani Power, Aequs, Blue Star, Container Corporation of India, Coromandel International, Dabur India, Dixon Technologies, Indian Energy Exchange, Indegene, Jaro Institute of Technology Management and Research, KPIT Technologies, Manappuram Finance, Nippon Life India Asset Management, NTPC Green Energy, Prestige Estates Projects, Vedanta, Voltas, and Websol Energy System will release their quarterly earnings today.

#1 Profit declines 15% to Rs 382.15 crore Vs Rs 449.5 crore, YoY

#2 Revenue grows 6.9% to Rs 2,736.8 crore Vs Rs 2,560.3 crore, YoY

Balkrishna Industries was quoting at Rs 2,383.15, down Rs 26.50, or 1.10 percent.

It has touched an intraday high of Rs 2,421.95 and an intraday low of Rs 2,368.70.

It was trading with volumes of 2,208 shares, compared to its five day average of 4,007 shares, a decrease of -44.90 percent.

Gland Pharma was quoting at Rs 1,824, up Rs 135.30, or 8.01 percent.

It has touched an intraday high of Rs 1,849 and an intraday low of Rs 1,745.10.

It was trading with volumes of 150,105 shares, compared to its five day average of 12,382 shares, an increase of 1,112.24 percent.

In the previous trading session, the share closed up 0.80 percent or Rs 13.35 at Rs 1,688.70.

The share touched a 52-week high of Rs 2,130 and a 52-week low of Rs 1,200 on 29 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.37 percent below its 52-week high and 52 percent above its 52-week low.

Market capitalisation stands at Rs 30,051.57 crore.

Gold has crossed our earlier target of USD 5000 and we believe that this metal, unlike silver where there are risks are possibly now negatively biased , is on a structural bull run. While multiple geopolitical risks have magnified the move and may be subject to news based volatility, we believe the world has increasingly become fractured in the medium term and hence demand for valuable resources will do two things – push up commodity prices and push demand for gold as a strategic reserve for the credibility of regional currency blocs.

Assessing gold price movements based on the past may no longer work as we believe the world is witnessing a once in a century phenomenon and therefore gold could head much higher in the next 2 years, possibly crossing 8000 USD by 2027.

Hindustan Copper was quoting at Rs 742.50, up Rs 109.80, or 17.35 percent.

It has touched a 52-week high of Rs 745.

It has touched an intraday high of Rs 745 and an intraday low of Rs 660.

It was trading with volumes of 9,937,858 shares, compared to its five day average of 4,553,306 shares, an increase of 118.26 percent.

In the previous trading session, the share closed up 12.53 percent or Rs 70.45 at Rs 632.70.

Market capitalisation stands at Rs 71,801.53 crore.

#1 Robust ordering, but execution misses estimates

#2 Cut FY27–28 EBITDA estimates by 1-3 percent to factor in weaker energy segment margin

#3 Ordering momentum remains robust as core order inflows grow 18 percent YoY

#4 Core sales grew 10 percent YoY, 9 percent below estimates, led by weak infra execution

#5 Core EBITDA margin beat estimates, net working capital position improved

#6 Expect core EBITDA CAGR of 23 percent over FY26-28

#1 Profit drops 40.4% to Rs 128.2 crore Vs Rs 215.1 crore, YoY

#2 Net premium earned grows 11.9% to Rs 4,250.4 crore Vs Rs 3,799.7 crore, YoY

#3 Net commission jumps 35.5% to Rs 682 crore Vs Rs 503.2 crore, YoY

#4 Operating Profit tanks 54.6% to Rs 69.2 crore Vs Rs 152.5 crore, YoY

#5 Underwriting loss widens to Rs 125 crore Vs loss of Rs 48.9 crore, YoY

Star Health & Allied Insurance Company was quoting at Rs 453.25, up Rs 12.50, or 2.84 percent.

It has touched an intraday high of Rs 460 and an intraday low of Rs 444.40.

It was trading with volumes of 28,741 shares, compared to its five day average of 441,910 shares, a decrease of -93.50 percent.

Quadrant Future Tek has received an Offer from Integral Coach Factory, Chennai for supply, retro fitment, testing and

commissioning of 192 Onboard KAVACH Equipment Ver- 4.0 with warranty and long term annual maintenance. The value of the contract is worth Rs 2,30,42,04,238.

Quadrant Future Tek was quoting at Rs 313.95, up Rs 10.80, or 3.56 percent.

It has touched an intraday high of Rs 318.55 and an intraday low of Rs 301.20.

#1 Profit declines 5.9% to Rs 20.15 crore Vs Rs 21.4 crore, YoY

#2 Revenue rises 2.1% to Rs 283.9 crore Vs Rs 278.1 crore, YoY

GPT Infraprojects was quoting at Rs 104.70, down Rs 1.00, or 0.95 percent.

It has touched an intraday high of Rs 112 and an intraday low of Rs 104.20.

It was trading with volumes of 6,537 shares, compared to its five day average of 11,080 shares, a decrease of -41.00 percent.