< -5%

CARE Ratings

-5% to -3%

ICRA

CRISIL

-3% to 0%

0% to 3%

3% to 5%

BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India., Finance ministry may lift restrictions on Chinese bidders for government contracts, Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

* BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India.
* Finance ministry may lift restrictions on Chinese bidders for government contracts
* Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

BHEL shares fell 10% after reports that India may scrap curbs on Chinese firms bidding for government contracts, aiming to revive commercial ties. Siemens, Hitachi Energy, ABB India, and L&T shares also dropped on concerns over increased competition.

shorts/business/bhel-hits-10-lower-circuit-as-report-says-india-plans-to-scrap-curbs-on-chinese-firms-bidding-for-govt-contracts

* BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India.
* Finance ministry may lift restrictions on Chinese bidders for government contracts
* Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

BHEL shares hit 10 percent lower circuit limit in January 8 trade after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts.

Consequently, shares of <a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/bharatheavyelectricals/BHE">Bharat Heavy Electricals</a> hit 10 percent lower circuit to quote at Rs 273.20 apiece. The shares settled at Rs 276.90 per share, down 8.78 percent.

The sharp decline was witnessed after a Reuters report that the finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions.

BHEL builds, commissions, and supplies equipment for numerous thermal power plants across India, including large supercritical projects (800 MW+), playing a key role in India's energy security by manufacturing turbines, generators, and boilers for state-owned entities like NTPC and private players like Adani Power.

Meanwhile, Siemens shares fell over 4% as China's CRRC is also competitor to them in Railway contracts, which could be now allowed to participate in Rail contracts if recommendations of committee are approved as the article suggests.

The restrictions had a significant impact wherein months after they were unveiled, China's state-owned CRRC was disqualified from bidding for a $216-million train-manufacturing contract.

The curbs, imposed in 2020 after a clash between the countries' troops, required Chinese bidders to register with an Indian government committee and obtain political and security clearances.

Other capital goods stocks like Hitachi Energy, ABB India fell 4-4.5%. Shares of blue chip firm L&amp;T fell nearly 3%.

The measures effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion.

"Officials are working to remove the registration requirement for bidders from bordering nations," one government source told Reuters, declining to be named as they were not authorised to speak publicly.

The Ministry of Finance's plan to ease curbs followed requests from other government departments that are facing shortages and project delays due to the 2020 restrictions.

"Several ministries have requested exemptions to overcome the constraints that could derail projects in their sectors," a second government source told Reuters.

Curbs on imports from China of equipment for the power sector have hindered India's plans to raise its thermal power capacity to about 307 GW over the next decade.

A high-level committee headed by a former cabinet secretary, Rajiv Gauba, has also recommended easing the restrictions. Gauba is now a member of a top government think tank.
<h3><em>With inputs from Reuters</em></h3>
<em><strong>Disclaimer</strong>: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

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BHEL hits 10% lower circuit as report says India may ease curbs on Chinese firms bidding for govt contracts

BHEL shares hit 10 percent lower circuit limit in January 8 trade after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts.

Consequently, shares of Bharat Heavy Electricals hit 10 percent lower circuit to quote at Rs 273.20 apiece. The shares settled at Rs 276.90 per share, down 8.78 percent.

The sharp decline was witnessed after a Reuters report that the finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions.

BHEL builds, commissions, and supplies equipment for numerous thermal power plants across India, including large supercritical projects (800 MW+), playing a key role in India's energy security by manufacturing turbines, generators, and boilers for state-owned entities like NTPC and private players like Adani Power.

Meanwhile, Siemens shares fell over 4% as China's CRRC is also competitor to them in Railway contracts, which could be now allowed to participate in Rail contracts if recommendations of committee are approved as the article suggests.

The restrictions had a significant impact wherein months after they were unveiled, China's state-owned CRRC was disqualified from bidding for a $216-million train-manufacturing contract.

The curbs, imposed in 2020 after a clash between the countries' troops, required Chinese bidders to register with an Indian government committee and obtain political and security clearances.

Other capital goods stocks like Hitachi Energy, ABB India fell 4-4.5%. Shares of blue chip firm L&amp;amp;T fell nearly 3%.

The measures effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion.

&quot;Officials are working to remove the registration requirement for bidders from bordering nations,&quot; one government source told Reuters, declining to be named as they were not authorised to speak publicly.

The Ministry of Finance's plan to ease curbs followed requests from other government departments that are facing shortages and project delays due to the 2020 restrictions.

&quot;Several ministries have requested exemptions to overcome the constraints that could derail projects in their sectors,&quot; a second government source told Reuters.

Curbs on imports from China of equipment for the power sector have hindered India's plans to raise its thermal power capacity to about 307 GW over the next decade.

A high-level committee headed by a former cabinet secretary, Rajiv Gauba, has also recommended easing the restrictions. Gauba is now a member of a top government think tank.
With inputs from Reuters
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Aditya Birla Sun Life Asset Management shares on Thursday fell nearly 4 percent after markets regulator Sebi alleged that a Bank of America unit breached insider trading rules in a 2024 share sale.

The stock declined 3.85 percent to an intraday low of Rs 820.85 per share on the National Stock Exchange.

In a notice, the Securities and Exchange Board of India (Sebi) accused a Bank of America (BofA) unit of violating insider trading norms and breaching internal information barriers, commonly known as "Chinese walls", in connection with a March 2024 share sale of Aditya Birla Sun Life Asset Management.

The notice followed Sebi’s investigation into the conduct of the bank’s domestic securities unit in managing the transaction.

According to the regulator, the bank’s deal team, while in possession of unpublished price-sensitive information related to the share sale, contacted potential investors directly or indirectly.

At the request of the deal team, the bank’s broking arm, research team and Asia-Pacific syndicate team reached out to investors and shared valuation reports and other confidential information, the October 30-dated notice said.

“The conduct highlights the failure of the deal team to maintain Chinese walls with broking and research arms, impacting safekeeping of confidential information and internal controls,” Sebi said.

The regulator further alleged that the bank suppressed material facts and made false statements during the course of the investigation.
<h3><em><strong>(Inputs from Reuters)</strong></em></h3>
<em><strong>Disclaimer</strong>: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

ABSL AMC shares fall 4% as SEBI alleges BofA breached insider trading rules in 2024 share sale

Aditya Birla Sun Life Asset Management shares on Thursday fell nearly 4 percent after markets regulator Sebi alleged that a Bank of America unit breached insider trading rules in a 2024 share sale.

The stock declined 3.85 percent to an intraday low of Rs 820.85 per share on the National Stock Exchange.

In a notice, the Securities and Exchange Board of India (Sebi) accused a Bank of America (BofA) unit of violating insider trading norms and breaching internal information barriers, commonly known as &quot;Chinese walls&quot;, in connection with a March 2024 share sale of Aditya Birla Sun Life Asset Management.

The notice followed Sebi’s investigation into the conduct of the bank’s domestic securities unit in managing the transaction.

According to the regulator, the bank’s deal team, while in possession of unpublished price-sensitive information related to the share sale, contacted potential investors directly or indirectly.

At the request of the deal team, the bank’s broking arm, research team and Asia-Pacific syndicate team reached out to investors and shared valuation reports and other confidential information, the October 30-dated notice said.

“The conduct highlights the failure of the deal team to maintain Chinese walls with broking and research arms, impacting safekeeping of confidential information and internal controls,” Sebi said.

The regulator further alleged that the bank suppressed material facts and made false statements during the course of the investigation.
(Inputs from Reuters)
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Smallcap and midcap stocks dropped sharply on January 8 amid market selloff., Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent, FII selling and tariff concerns impacted market sentiment

* Smallcap and midcap stocks dropped sharply on January 8 amid market selloff.
* Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent
* FII selling and tariff concerns impacted market sentiment

Smallcap and midcap stocks fell sharply on January 8, with Nifty Smallcap 100 down 1.6% and Nifty Midcap 100 down 1.5%, amid FII selling, global cues, and tariff concerns. Signatureglobal, NALCO, and HPCL were among the top losers.

shorts/business/small-midcap-stocks-fall-up-to-11-amid-broad-based-selling-hind-copper-hpcl-among-top-losers

* Smallcap and midcap stocks dropped sharply on January 8 amid market selloff.
* Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent
* FII selling and tariff concerns impacted market sentiment

The shares of several smallcap and midcap stocks declined in trade on January 8, as broader markers accompanied the benchmark indices amid a wider selloff.

The sharp fall in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-smallcap-100-53.html">Nifty Smallcap 100</a> index down nearly 1.6 percent to 17,673.30, as seen at 1.30 pm. The <a href="https://www.moneycontrol.com/indian-indices/nifty-midcap-100-27.html">Nifty Midcap 100</a> index meanwhile fell around 1.5 percent to 60,525.20.

Notably, the broader markets had outperformed benchmarks yesterday, closing in the green while Sensex and Nifty ended the session in the red.

FII selling and chances of Trump imposing 500 percent tariffs on India were among the key factors impacting markets today. “Market sentiment continued to be shaped by mixed global cues and lingering geopolitical concerns, which kept risk appetite in check,” said Ajit Mishra – SVP, Research, Religare Broking.

"In the absence of strong domestic triggers, trading activity remained largely stock-specific, with participants adopting a wait-and-watch approach ahead of upcoming earnings announcements and key macro developments," he added.
<h3><strong>Top smallcap losers today:</strong></h3>
Signatureglobal (India) shares fell nearly 11 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustancopper/HC07">Hindustan Copper</a> shares dropped around 5 percent, tracking the sharp fall in metal prices. <a href="https://www.moneycontrol.com/india/stockpricequote/engineering/jupiterwagons/CEB">Jupiter Wagons</a>, JBM Auto and Piramal Pharma shares fell more than 4 percent each.

HBL Engineering and Jindal Saw shares dropped nearly 4 percent each, while <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM">Ola Electric Mobility</a>, Natco Pharma, KEC International and Welspun Corp shares fell over 3 percent each.

Other notable smallcap losers included IRCON, Wockhardt, Inox Wind, Anant Raj, Chambal Fertilisers, NBCC, Mangalore Refinery and Petrochemicals, NCC, Radico Khaitan, Angel One, Bandhan Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/multicommodityexchangeindia/MCE">MCX</a>, CESC, CDSL, Reliance Power and others.
<h3><strong>Top midcap losers today:</strong></h3>
National Aluminium Company (<a href="https://www.moneycontrol.com/india/stockpricequote/aluminium/nationalaluminiumcompany/NAC">NALCO</a>) shares were the top midcap losers on the index, falling nearly 5 percent as aluminium prices declined. Hindustan Petroleum Corporation (HPCL) shares also fell around 5 percent.

NMDC shares dropped more than 4 percent, while Indian Bank and HUDCO shares fell around 4 percent each. Rail Vikas Nigam (<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">RVNL</a>), BHEL, Yes Bank, Union Bank of India, Steel Authority of India (SAIL) and Indian Renewable Energy Development Agency (IREDA) shares dropped around 3 percent each.

Suzlon Energy, Sona BLW Precision Forgings, Muthoot Finance, Bank of India, Tata Tech, Voltas, Torrent Power, Fortis, CONCOR, <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a>, ITC Hotels, <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/fsne-commerceventuresnykaa/FEV">Nykaa</a>, Mankind Pharma, Bharat Forge, Coforge, Tata Elxi and other midcap stocks fell more than 2 percent each.'

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-hints-a-negative-start-us-markets-mixed-asia-falls-liveblog-13762330.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Small, midcap stocks fall up to 11% amid broad-based selling: Hind Copper, HPCL among top losers

The shares of several smallcap and midcap stocks declined in trade on January 8, as broader markers accompanied the benchmark indices amid a wider selloff.

The sharp fall in the share prices pushed the Nifty Smallcap 100 index down nearly 1.6 percent to 17,673.30, as seen at 1.30 pm. The Nifty Midcap 100 index meanwhile fell around 1.5 percent to 60,525.20.

Notably, the broader markets had outperformed benchmarks yesterday, closing in the green while Sensex and Nifty ended the session in the red.

FII selling and chances of Trump imposing 500 percent tariffs on India were among the key factors impacting markets today. “Market sentiment continued to be shaped by mixed global cues and lingering geopolitical concerns, which kept risk appetite in check,” said Ajit Mishra – SVP, Research, Religare Broking.

&quot;In the absence of strong domestic triggers, trading activity remained largely stock-specific, with participants adopting a wait-and-watch approach ahead of upcoming earnings announcements and key macro developments,&quot; he added.
Top smallcap losers today:
Signatureglobal (India) shares fell nearly 11 percent, while Hindustan Copper shares dropped around 5 percent, tracking the sharp fall in metal prices. Jupiter Wagons, JBM Auto and Piramal Pharma shares fell more than 4 percent each.

HBL Engineering and Jindal Saw shares dropped nearly 4 percent each, while Ola Electric Mobility, Natco Pharma, KEC International and Welspun Corp shares fell over 3 percent each.

Other notable smallcap losers included IRCON, Wockhardt, Inox Wind, Anant Raj, Chambal Fertilisers, NBCC, Mangalore Refinery and Petrochemicals, NCC, Radico Khaitan, Angel One, Bandhan Bank, MCX, CESC, CDSL, Reliance Power and others.
Top midcap losers today:
National Aluminium Company (NALCO) shares were the top midcap losers on the index, falling nearly 5 percent as aluminium prices declined. Hindustan Petroleum Corporation (HPCL) shares also fell around 5 percent.

NMDC shares dropped more than 4 percent, while Indian Bank and HUDCO shares fell around 4 percent each. Rail Vikas Nigam (RVNL), BHEL, Yes Bank, Union Bank of India, Steel Authority of India (SAIL) and Indian Renewable Energy Development Agency (IREDA) shares dropped around 3 percent each.

Suzlon Energy, Sona BLW Precision Forgings, Muthoot Finance, Bank of India, Tata Tech, Voltas, Torrent Power, Fortis, CONCOR, Swiggy, ITC Hotels, Nykaa, Mankind Pharma, Bharat Forge, Coforge, Tata Elxi and other midcap stocks fell more than 2 percent each.'

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

LG Electronics shares fell over 4% after three-month lock-in period ended, Around 1.52 crore shares, worth Rs 2,214 crore, became eligible for trading, Analysts see long-term potential despite near-term volatility and profit decline

* LG Electronics shares fell over 4% after three-month lock-in period ended
* Around 1.52 crore shares, worth Rs 2,214 crore, became eligible for trading
* Analysts see long-term potential despite near-term volatility and profit decline

LG Electronics India shares fell over 4% after a three-month lock-in period ended, making 2% of equity tradable. Despite near-term volatility and a recent profit drop, analysts see strong long-term prospects due to market leadership and expansion plans.

shorts/business/lg-electronics-shares-fall-4-after-3-month-lock-in-expiry-down-18-since-listing-what-lies-ahead

* LG Electronics shares fell over 4% after three-month lock-in period ended
* Around 1.52 crore shares, worth Rs 2,214 crore, became eligible for trading
* Analysts see long-term potential despite near-term volatility and profit decline

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/domestic-appliances/lgelectronicsindia/LEI">LG Electronics India</a> fell more than 4 percent on January 8 after the three-month shareholder lock-in period came to an end.

The shares of the electronics major fell to Rs 1,393.20 apiece, the lowest level seen by the stock since listing.
<h3><strong>LG Electronics' three-month lock-in period expires:</strong></h3>
Around 1.52 crore shares, or approximately 2 percent of the company's outstanding equity, have become eligible for trading after the expiry of the lock-in period, CNBC-TV18 quoted Nuvama Alternative and Quantitative Research as saying. The said number of shares will be cumulatively worth around Rs 2,214 crore based on the stock’s previous closing price of Rs 1,456.40 per share.

However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded.
<h3><strong>LG Electronics bumper market debut:</strong></h3>
The stock had made a <a href="https://www.moneycontrol.com/news/business/ipo/lg-electronics-india-share-price-stock-lists-at-50pc-premium-over-ipo-price-on-nse-13614376.html">strong market debut</a> on December 10, listing at Rs 1,710.10 apiece on NSE. This marked a premium of 50 percent from the IPO price of Rs 1,140 per share.

This came after the Rs 11,607-crore IPO of the company was subscribed more than 54 times. The stock is currently around 18 percent lower than its listing price.
<h3><strong>What lies ahead?</strong></h3>
LG Electronics India is investable in the long term owing to sound fundamentals, said Nitant Darekar Research Analyst at Bonanza. The company is a prominent player in the market for products, like washing machines in which it has 33.4 percent of the market share and in refrigerators it has 29.9 percent of the market share.

"The Rs 5,000 crore Sri City investment over 4-5 years signals conviction in capacity expansion and export optionality under the Global South strategy. While Q2 FY26 EBITDA margins compressed to 8.9% from 12.4% due to GST transition disruptions, commodity inflation, and promotional investments, management expects recovery through localization (targeting 70% from current 55.8%), premiumization, AMC recurring revenue, and B2B expansion," he explained.

With the GST cut digested, healthy Rs 4,280 crore liquidity and strong brand momentum entering festive season, the long-term outlook supports sustained market share gains and margin normalization, though near-term volatility warrants patience, the analyst said.

However, LG Electronics may see near-term volatility with the three-month lock-in period ending today, said Dr. Ravi Singh, Chief Research Officer at Master Capital Services. In Q2 FY26, the company reported a 27 percent YoY decline in net profit, despite a 1 percent increase in revenue.

The analyst however explained that from a long-term market perspective, the outlook remains constructive. The stock’s strong IPO response and premium listing highlighted investor confidence in LG’s brand strength, market leadership, and India-focused strategy, he said.

"Because of premiumization, growing appliance penetration and export opportunities, management has consistently positioned India as an important growth market. Importantly, LG is gradually expanding beyond pure hardware by building non-hardware revenue streams such as subscriptions, digital platforms, and webOS-based services, which can structurally improve margins and earnings over time. Therefore, LG Electronics continues to be a strong long-term investment option supported by structural demand factors despite short-term volatility," Singh said.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-hints-a-negative-start-us-markets-mixed-asia-falls-liveblog-13762330.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

LG Electronics shares fall 4% after 3-month lock-in expiry, down 18% since listing: What lies ahead

The shares of LG Electronics India fell more than 4 percent on January 8 after the three-month shareholder lock-in period came to an end.

The shares of the electronics major fell to Rs 1,393.20 apiece, the lowest level seen by the stock since listing.
LG Electronics' three-month lock-in period expires:
Around 1.52 crore shares, or approximately 2 percent of the company's outstanding equity, have become eligible for trading after the expiry of the lock-in period, CNBC-TV18 quoted Nuvama Alternative and Quantitative Research as saying. The said number of shares will be cumulatively worth around Rs 2,214 crore based on the stock’s previous closing price of Rs 1,456.40 per share.

However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded.
LG Electronics bumper market debut:
The stock had made a strong market debut on December 10, listing at Rs 1,710.10 apiece on NSE. This marked a premium of 50 percent from the IPO price of Rs 1,140 per share.

This came after the Rs 11,607-crore IPO of the company was subscribed more than 54 times. The stock is currently around 18 percent lower than its listing price.
What lies ahead?
LG Electronics India is investable in the long term owing to sound fundamentals, said Nitant Darekar Research Analyst at Bonanza. The company is a prominent player in the market for products, like washing machines in which it has 33.4 percent of the market share and in refrigerators it has 29.9 percent of the market share.

&quot;The Rs 5,000 crore Sri City investment over 4-5 years signals conviction in capacity expansion and export optionality under the Global South strategy. While Q2 FY26 EBITDA margins compressed to 8.9% from 12.4% due to GST transition disruptions, commodity inflation, and promotional investments, management expects recovery through localization (targeting 70% from current 55.8%), premiumization, AMC recurring revenue, and B2B expansion,&quot; he explained.

With the GST cut digested, healthy Rs 4,280 crore liquidity and strong brand momentum entering festive season, the long-term outlook supports sustained market share gains and margin normalization, though near-term volatility warrants patience, the analyst said.

However, LG Electronics may see near-term volatility with the three-month lock-in period ending today, said Dr. Ravi Singh, Chief Research Officer at Master Capital Services. In Q2 FY26, the company reported a 27 percent YoY decline in net profit, despite a 1 percent increase in revenue.

The analyst however explained that from a long-term market perspective, the outlook remains constructive. The stock’s strong IPO response and premium listing highlighted investor confidence in LG’s brand strength, market leadership, and India-focused strategy, he said.

&quot;Because of premiumization, growing appliance penetration and export opportunities, management has consistently positioned India as an important growth market. Importantly, LG is gradually expanding beyond pure hardware by building non-hardware revenue streams such as subscriptions, digital platforms, and webOS-based services, which can structurally improve margins and earnings over time. Therefore, LG Electronics continues to be a strong long-term investment option supported by structural demand factors despite short-term volatility,&quot; Singh said.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Major IT stocks fell up to 3 percent ahead of December quarter earnings season, Nifty IT index dropped 12.6 percent in 2025, worst among Indian market sectors, Brokerages expect muted Q3 results due to weak US demand and holiday shutdowns

* Major IT stocks fell up to 3 percent ahead of December quarter earnings season
* Nifty IT index dropped 12.6 percent in 2025, worst among Indian market sectors
* Brokerages expect muted Q3 results due to weak US demand and holiday shutdowns

Shares of major Indian IT firms fell up to 3% ahead of December quarter earnings, with Tata Consultancy Services leading declines. Weak US demand, tariff uncertainty, and subdued client spending continue to pressure the sector, which underperformed in 2025.

shorts/business/tcs-techm-other-it-shares-fall-up-to-3-ahead-of-q3-results-brokerages-expect-another-tepid-quarter

* Major IT stocks fell up to 3 percent ahead of December quarter earnings season
* Nifty IT index dropped 12.6 percent in 2025, worst among Indian market sectors
* Brokerages expect muted Q3 results due to weak US demand and holiday shutdowns

Shares of major information technology firms fell up to 3 percent in intraday trade on Thursday amid broad-based selling in the sector ahead of the December quarter earnings season.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">Tata Consultancy Services</a> led the decline, slipping as much as 3 percent, while Oracle Financial Services Software dropped up to 2 percent. Wipro and Tech Mahindra fell 2.14 percent and 2.07 percent, respectively.

Coforge, Mphasis, LTIMindtree and Persistent Systems were also trading lower, declining up to 2 percent. Nine out of the 10 constituents of the Nifty IT index were in the red.

The profit booking comes ahead of the start of the third quarter earnings season on January 12, when Tata Consultancy Services and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/hcltechnologies/HCL02">HCLTech</a> are scheduled to announce their results.

Brokerages expect another muted quarter for Indian IT firms as weak demand in the United States and holiday-period client shutdowns continue to weigh on technology spending.

On average, the top six IT firms by revenue are expected to report about 4 percent year-on-year revenue growth and a 5 percent rise in profit for the December quarter, compared with revenue growth of 6.5 percent in the September quarter, according to nine brokerages.

Indian software exporters last reported double-digit revenue growth in the March quarter of 2023, when demand for digital transformation, cloud adoption and remote working surged in the post-pandemic period.

The $283-billion Indian IT industry continues to face macroeconomic headwinds, including uncertainty over US tariffs, concerns over proposed visa fees and subdued client spending amid worries about economic growth in the United States.

The US remains a key market for Indian IT firms, accounting for a significant share of their revenue.

Sector bellwether Accenture recently beat Wall Street expectations on AI-led demand, but maintained its growth outlook, indicating a cautious near-term environment.

Although India does not have pure-play AI companies, IT firms are shaping AI strategies through acquisitions and partnerships. Brokerages expect AI-related momentum to build over the next six months, with demand improving into 2026.

Foreign investors pulled out a record USD 8.5 billion from IT stocks in 2025 due to tariff uncertainty, visa concerns and weak spending, accounting for nearly half of total foreign outflows from Indian equities.

The Nifty IT index fell 12.6 percent in 2025, making it the worst-performing sector as Indian markets underperformed Asian and emerging market peers.

Tata Consultancy Services is expected to report about 4.2 percent year-on-year revenue growth for the December quarter, slower than the 5.6 percent growth reported in the same period last year.

Infosys and HCLTech are forecast to post revenue growth of about 8.1 percent and 4.6 percent, respectively, compared with 7.6 percent and 5.1 percent a year ago.

Most brokerages do not expect HCLTech to revise its fiscal 2026 revenue growth guidance of 2–3 percent, or Infosys to raise its forecast of 3–5 percent.
<h3><strong><em>(Inputs from Reuters)</em></strong></h3>
<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

TCS, TechM, other IT shares fall up to 3% ahead of Q3 results; brokerages expect another tepid quarter

Shares of major information technology firms fell up to 3 percent in intraday trade on Thursday amid broad-based selling in the sector ahead of the December quarter earnings season.

Tata Consultancy Services led the decline, slipping as much as 3 percent, while Oracle Financial Services Software dropped up to 2 percent. Wipro and Tech Mahindra fell 2.14 percent and 2.07 percent, respectively.

Coforge, Mphasis, LTIMindtree and Persistent Systems were also trading lower, declining up to 2 percent. Nine out of the 10 constituents of the Nifty IT index were in the red.

The profit booking comes ahead of the start of the third quarter earnings season on January 12, when Tata Consultancy Services and HCLTech are scheduled to announce their results.

Brokerages expect another muted quarter for Indian IT firms as weak demand in the United States and holiday-period client shutdowns continue to weigh on technology spending.

On average, the top six IT firms by revenue are expected to report about 4 percent year-on-year revenue growth and a 5 percent rise in profit for the December quarter, compared with revenue growth of 6.5 percent in the September quarter, according to nine brokerages.

Indian software exporters last reported double-digit revenue growth in the March quarter of 2023, when demand for digital transformation, cloud adoption and remote working surged in the post-pandemic period.

The $283-billion Indian IT industry continues to face macroeconomic headwinds, including uncertainty over US tariffs, concerns over proposed visa fees and subdued client spending amid worries about economic growth in the United States.

The US remains a key market for Indian IT firms, accounting for a significant share of their revenue.

Sector bellwether Accenture recently beat Wall Street expectations on AI-led demand, but maintained its growth outlook, indicating a cautious near-term environment.

Although India does not have pure-play AI companies, IT firms are shaping AI strategies through acquisitions and partnerships. Brokerages expect AI-related momentum to build over the next six months, with demand improving into 2026.

Foreign investors pulled out a record USD 8.5 billion from IT stocks in 2025 due to tariff uncertainty, visa concerns and weak spending, accounting for nearly half of total foreign outflows from Indian equities.

The Nifty IT index fell 12.6 percent in 2025, making it the worst-performing sector as Indian markets underperformed Asian and emerging market peers.

Tata Consultancy Services is expected to report about 4.2 percent year-on-year revenue growth for the December quarter, slower than the 5.6 percent growth reported in the same period last year.

Infosys and HCLTech are forecast to post revenue growth of about 8.1 percent and 4.6 percent, respectively, compared with 7.6 percent and 5.1 percent a year ago.

Most brokerages do not expect HCLTech to revise its fiscal 2026 revenue growth guidance of 2–3 percent, or Infosys to raise its forecast of 3–5 percent.
(Inputs from Reuters)
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