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Informist, Tuesday, Jan. 13, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices seen tad up, volatile Tue; focus on IT stocks

 

MUMBAI--0850 IST--Benchmark indices are expected to open a tad higher Tuesday, mirroring the gains in their Asian peers. The market is expected to be volatile due to the expiry of weekly derivative contracts, analysts said. Information technology majors Tata Consultancy Services and HCL Technologies, which reported their December quarter earnings post market hours on Monday, will be in focus. 

 

While US Ambassador to India Sergio Gor claimed that that the next call on the India-US Bilateral Trade Agreement will be held on Tuesday, a commerce ministry official Monday said that there are no trade talks scheduled with the US this week. There has been no communication from Washington regarding discussions for the trade deal, the official said. Analysts had earlier expected the market to take cues from this event.

 

GIFT Nifty contracts suggest a slightly higher opening for the Nifty 50 index on Tuesday. At 0828 IST, the GIFT Nifty's January contract was at 25914 points, over 120 points higher than the Nifty 50's close of 25790.25 points on Monday. The BSE Sensex closed at 83878.17 points, up 301.93 points or 0.4%. The Nifty 50 is seen facing resistance at 25800–25850 points and finding support at 25550 points, Sundar Kewat, technical and derivatives analyst at Ashika Group, said.

 

In the US, benchmark indices closed higher Monday, with the S&P 500 index and Dow Jones Industrial Average registering record closing highs. Shares of technology companies and retailer Walmart ‌gained during the session. Investors looked past concerns about the US Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell, the report said. Meanwhile, most Asian indices were higher in early trade, with Japan's Nikkei 225 being the top gainer.  (Arundathi A R)

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Equity Alert: Most Asian indices higher; KOSPI, Nikkei reach record highs

 

MUMBAI--0824 IST--Most indices in Asia were higher in early trade Monday. Several Asian markets hit record highs during the session, including South Korea's KOSPI and Japan's Nikkei 225 Day index, with investors setting aside concerns around recent geopolitical developments in Venezuela and Iran.

 

Investors also seemed to have dismissed concerns around the criminal investigation into Federal Reserve Chair Jerome Powell in the US, CNBC said. Traders will keep an eye on oil prices amid the protests in Iran, with US President Donald Trump reportedly weighing options for a possible intervention in the West Asian country. President Trump in a post on his Truth Social platform said any country that engages in business with Iran will have to face 25% tariffs on any and all business done with the US. 

 

Japan's Nikkei reached record highs during the session. The country's ruling Liberal Democratic Party is expected to dissolve the Lower House later this month and hold a snap election, likely in February, CNBC reported, citing Japan's public broadcaster NHK. The Liberal Democratic Party's policy chief, Kobayashi Takayuki, said the prime minister has the 'sole authority' to dissolve the Lower House and that members must be prepared as if they were on a battlefield, a report from NHK Japan said. Shares of index heavyweight SoftBank Group Corp. were up 5%, while those of Tokyo Electron and Advantest Corp were up nearly 8% and over 7%, respectively. 

 

The Hang Seng index was up 1.3%, while the CSI 300 traded slightly lower. Shares of Chinese semiconductor company GigaDevice Semiconductor surged nearly 50% during its Hong Kong trading debut Tuesday, with the company having raised around $600 million in its offering, CNBC reported.

 

Following are the levels of key Asian indices at 0817 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4788.47	(-)0.03
Hang Seng Index	26956.4	1.31
KOSPI	4646.34	0.47
Nikkei 225 Day	53553.41	3.11
TOPIX FIRST SECTION	3593.32	2.25
FTSE Singapore Straits Times	4796.56	0.62
S&P/ASX 200 Index	8849.6	1.03

 

(Akshat Saksena)

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Equity Alert: Indices in US end higher; S&P 500, Dow Jones hit closing highs

 

MUMBAI--0740 IST--Equity indices in the US ended higher Monday, with the S&P 500 and the Dow Jones Industrial Average closing at fresh highs. Technology stocks and gains in shares of Walmart aided markets during the session, while investors set aside concerns over the criminal investigation into US Federal Reserve Chair Jerome Powell. 

 

Markets had opened lower due to concerns and pessimism surrounding the investigation into Fed Chair Powell by the US Department of Justice, Reuters said. The investigation by the department into Powell's comments at the June Congressional hearing over a renovation project of the Fed headquarters raised concerns over the independence of the central bank. However, gains in Walmart, which ended 3% higher, and the S&P 500 Information Tech index supported both the S&P 500 and Nasdaq. 

 

"The news that Powell is being investigated by the Justice Department was basically telegraphed by Trump, and so I think the market is taking it in stride for now," Peter Cardillo, chief market economist at Spartan Capital Securities in New York was quoted as saying by Reuters. The support shown by other governors of the US Federal Reserve also provided comfort to markets, the analyst added. 

 

US President Donald Trump's call to have a 10?p on credit card rates prompted banking stocks to fall during the session, Reuters said. Shares of Citi Group fell 3%, while those of JPMorgan Chase & Co. and Bank of America Corp. fell over 1?ch. Shares of Capital One Financial Corp. fell over 6% during the session, according to a report from CNBC. 

 

Investors are looking forward to the US consumer price index report, due later in the day, which could weigh on the outlook for rate cuts by the US Federal Reserve, Reuters said. "The impact of Chairman Powell being under investigation is likely a long-term impact, meaning it's not going to change interest rates in the near term; it's not going to change inflation in the near term," Jim Lebenthal, chief markets strategist at Cerity Partners, was quoted as saying by CNBC. The expectation of strong earnings and the CPI coming in at below 3% along with the rapid economic growth are likely keeping the indices higher for the short term even if the investigation is detrimental for the log term, the chief markets strategist added.  

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6977.27	0.16
NASDAQ Composite	23733.90	0.26
Dow Jones Industrial Average	49590.2	0.17

 

(Akshat Saksena)

 

US$1 = INR 90.15

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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