Equity Alert
Indices end lower as L&T, RIL fall; select banks limit losses
This story was originally published at 16:03 IST on 13 January 2026
Register to read our real-time news.Informist, Tuesday, Jan. 13, 2026 Tel +91 (22) 6985-4000
Equity Alert: Indices close lower; select bks limit losses, L&T, RIL top drag
MUMBAI--1540 IST--The benchmark indices closed slightly lower Tuesday, coming off the intraday lows in the final hour of trading. The biggest drag on the Nifty 50 was a fall in Larsen & Toubro and index heavyweight Reliance Industries. Gains in select private-sector and public-sector banks limited the fall. Around 49% of the 3,248 stocks traded in the session rose, according to data available on the NSE website.
The Nifty 50 settled at 25732.30 points, down 57.95 points or 0.2%. The BSE Sensex ended at 83627.69 points, down 250.48 points or 0.3%. The 50-stock index recovered slightly after 1400 IST, gaining 129 points after reaching its intraday low. Oil and Natural Gas Corp. was the best performing stock in the index, closing 3.4% higher. Trent was the worst performer, ending over 3% lower. Larsen & Toubro and Reliance Industries were the top drags on the index, closing over 3% and 2% lower, respectively. Shares of index heavyweight ICICI Bank closed higher, advancing almost 2%. Shares of State Bank Of India closed over 1% higher. The Nifty Infrastructure index was the worst-performing sectoral index, ending 1% lower. The Nifty PSU Bank index closed nearly 1% higher.
Eternal shares closed over 3% higher amid media reports that the stock may attract higher inflows linked to potential changes in MSCI indices. Based on the latest shareholding pattern released by the company, the headroom for foreign investors in the stock has increased to more than 25%, which, CNBC-TV18 reported, should make it eligible for full MSCI weightage. Eternal's shares came off the day's high after the Union labour ministry directed quick-commerce players to remove the 10-minute delivery threshold.
Among Nifty 200 constituents, Dixon Technologies (India) was the worst hit and declined over 5%, while Oil India ended over 5% higher. Authum Investment & Infrastructure was the top gainer among Nifty 500 companies, closing nearly 8% higher. Vodafone Idea was near the bottom of the pile, closing 4% lower. Shares of Maharashtra Scooters closed over 6% higher after the company reported a 25% year-on-year rise in net profit for the December quarter.
The broader market indices were mixed, with all smallcap indices outperforming their benchmark and midcap peers. The Nifty Smallcap 250 index closed 0.6% higher, with shares of Alkyl Amines Chemicals, Asahi India Glass, and Angel One rising 3–4%. (Eshitva Prakash)
Equity Alert: Nifty 50 Jan ends at premium of 48.10 points to spot index
MUMBAI--1538 IST--The January futures contract of the Nifty 50 closed at a premium of 48.10 points to the spot index. Open interest in the contract rose 2.6% to 17.25 million, according to provisional data.
--Nifty 50 closed at 25732.30 points, down 57.95 points or 0.2% vs Mon
--Nifty 50 January closed at 25780.40 points, down 95.60 points or 0.4% vs Mon
Nifty 50 options, expiring Jan. 20, with maximum change in open interest:
Call: 26000, Put: 24500
Nifty 50 options, expiring Jan. 20, with maximum open interest:
Call: 26000, Put: 25000
(Gopika Balasubramanium)
Equity Alert: European indices dn; investors to focus on Iran, Powell probe
MUMBAI--1509 IST--Indices in Europe were down as investors in the region are expected to analyse geopolitical developments surrounding Iran and the criminal investigation into US Federal Reserve Bank Chair Jerome Powell.
Shares of Danish energy company Oersted were up over 5?ter the company received approval from a US court to proceed with its work on a $5-billion project, which was suspended by US President Donald Trump's administration in December, CNBC reported. Shares of Swiss lender UBS Group were 1% higher during the session. Shares of the bank rose after Financial Times reported that the bank's chief executive officer, Sergio Ermotti, would step down in April 2027.
Over the weekend, US Federal Reserve Chair Jerome Powell said that he was under investigation by authorities in relation to a $2.50 billion renovation of the central bank's headquarters and his congressional testimony of the same. Powell has labelled this as another attempt by Trump to influence the monetary policy decisions of the central bank and said that he will not bow under pressure. Powell's stint as the chair of the US Federal Bank is coming to a close in May, CNBC said.
Investors will also keep tabs on the developments in Iran, with the country going through widespread protests that have resulted in a violent crackdown from authorities, CNBC said. Trump is reportedly weighing options for intervention and said that any country in business with Iran will face a 25% tariff on any business done with the US, CNBC said.
Following were the levels of major European indices at 1505 IST:
|
Index |
Level |
Change in % |
|
FTSE 100 Index |
10137.74 |
(-)0.03 |
|
CAC 40 |
8329.97 |
(-)0.34 |
|
FTSE MIB Index |
45663.45 |
(-)0.15 |
|
DAX PERFORMANCE-INDEX |
25382.94 |
(-)0.09 |
|
SLI PR |
2166.45 |
(-)0.42 |
(Akshat Saksena)
Equity Alert: Brokerages downgrade HCL Tech on recent rally, stock valuation
MUMBAI--1456 IST--Three brokerages downgraded HCL Technologies as they believe the stock has rallied over the past three months and the cut in the company's sales guidance indicating a weaker March quarter will weigh on the stock. HCL Technologies Monday cut the upper end of its sales growth guidance for the financial year 2025-26 (Apr-Mar) to 4.5% from 5.0?rlier.
Nirmal Bang Institutional Equities changed its recommendation on the stock to "hold" from "buy" despite HCL Tech posting a strong result for the December quarter with the rise in the company's revenue surprising the Street. The brokerage has raised the target price by nearly 4% to INR 1,789 and raised its valuation to 22.4 times earnings per share for the 12 months ending December 2027, compared to 22 times earlier. The broking firm marginally tweaked its estimates for revenue, margins, and earnings per share following the December quarter results.
Elara Securities (India) changed its recommendation on the stock to "sell" from "reduce", citing the recent rally and "full" valuations. It raised the price target for the stock by almost 4% to INR 1,500. "Also, uptick in Q3 (Oct-Dec) for the product business was led by tactical licence revenues rather than sticky subscription revenues, which may not be sustainable in our view," the brokerage said. Elara Securities believes the pressure on margins may continue as new artificial intelligence skills come at higher cost. Hence, it has reduced its margin estimates for FY27 and FY28 by 10 basis points and 80 bps, respectively.
IDBI Capital Markets & Securities also changed its recommendation on the stock to "hold" from "buy" with the target price unchanged at INR 1,725. ICICI Securities, however, maintained its "hold" recommendation on the stock with a target price of INR 1,590.
Nomura revised its earnings per share estimate by 1-4% for the period FY26-FY28 and raised its target price on the stock by over 1% to INR 1,810. Brokerages believe the current stock valuation has limited upside potential. Nuvama Institutional Equities believes earnings upgrades are unlikely in the future and has tweaked its FY26 and FY27 earnings per share estimates by (-)5% and 0.1%, respectively. It has maintained its "hold" recommendation on the stock solely on expensive valuations with a raised target price of INR 1,700.
HDFC Securities Institutional Equities has maintained its "buy" recommendation with a target price of INR 1,950 and raised its FY27 and FY28 earnings estimates by 0.5% and 0.3%, respectively. Equirus Securities has also maintained its "add" recommendation on the stock and increased its price target by more than 5% to INR 1,720.
JM Financial Institutional Securities has retained its "add" recommendation with a revised target price of INR 1,770. It has revised the estimate for revenue by 66 bps over FY26-FY28 and slightly increased its earnings before interest, tax, depreciation, and amortisation margin estimates by 30-40 bps given the better-than-expected December quarter earnings. The brokerage expects higher research and development spending, limiting margin upside. It has also revised its estimate for earnings per share by 0.2-2.7%.
Emkay Global Financial Services also tweaked its earnings per share estimates for FY26-FY28 by (-)3.4% to 0.9%, factoring in the strong Oct-Dec earnings. It has retained its "add" recommendation on the stock with a target price of INR 1,700. (Simran Rede)
Equity Alert: Asian indices higher; Nikkei up on fiscal stimulus hopes
MUMBAI--1426 IST--Asian indices were largely higher. Japan's Nikkei 225 and Topix rose to record highs as investors backed technology and artificial intelligence related stocks, and on hopes of a fiscal stimulus by the government. China's CSI 300 index also rose to a nearly four-year high, before trending lower.
Asian markets were led by gains in Japanese stocks, with investors betting on technology and AI-led growth, a report by The Times of India said. The Japanese indices rose to record highs on hopes of a fiscal stimulus as the yen fell to historical lows, a report by Reuters said. Japanese Finance Minister Satsuki Katayama said she spoke to US Treasury Secretary Scott Bessent on concerns over what she calls the yen's recent one-sided depreciation, the report said. Meanwhile, Japan's Prime Minister Sanae Takaichi plans to call an early election as she looks for a majority that could provide scope for more aggressive policies, Reuters said quoting reports.
MSCI's Asia-Pacific index, excluding Japan, rose 0.4% to a fresh high. "We see global equities continuing to climb in 2026, targeting circa 10% upside for the MSCI AC World to year-end," analysts at Citi were quoted as saying by Reuters. However, the analysts said high valuations leave little room for companies to not deliver on earnings forecasts but a 'soft landing', strong revisions momentum, and the broadening of AI-related tailwinds should be enough to support profits.
Following are the levels of key Asian indices at 1421 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4761.03 | (-)0.60 |
|
Hang Seng Index |
26848.47 | 0.90 |
|
KOSPI |
4692.64 | 1.47 |
|
Nikkei 225 Day |
53549.16 | 3.10 |
|
TOPIX FIRST SECTION |
3598.89 | 2.41 |
|
FTSE Singapore Straits Times |
4805.67 | 0.82 |
|
S&P/ASX 200 Index |
8808.50 | 0.56 |
(Akshat Saksena)
Equity Alert: Indices fall more on losses in pharma, auto cos; RIL down 2%
MUMBAI--1400 IST--Bechmark indices fell more due to losses in pharmaceutical and automobile stocks. Index heavyweight Reliance Industries, which fell nearly 2%, and Trent, which fell nearly 4%, contributed to the losses in the Nifty 50 index.
At 1348 IST, the Nifty 50 was at 25673.40 points, down 116.85 points or 0.5% and the BSE Sensex was at 83463.28 points, down 414.89 points or 0.5%.
Oil and Natural Gas Corp. was the top gainer in the Nifty 50 index, up 3%. Shares of Eternal and ICICI Bank rose around 2%. Shares of Eternal rose after the company revised its shareholding pattern and gave more headroom for foreign investors. This will make the stock fully eligible for MSCI weightage, CNBC TV18 reported, citing an analyst sales note. Shares of Trent fell sharply intraday to be among the worst hit.
Larsen & Toubro fell more, and the stock hit a one-month low of INR 3,863.30. The stock was down nearly 4% to be among the worst hit in the Nifty 50. It was followed by shares of InterGlobe Aviation, which fell over 2%.
Shares of Maruti Suzuki India, Mahindra & Mahindra, Tata Motors Passenger Vehicles, and Eicher Motors were down around 1-2?ch. Dr.Reddy's Laboratories, Cipla, and Sun Pharmaceutical Industries were down 1-2%.
Technically, the Nifty 50 is trading in a sell-on-rise structure, according to Vipin Kumaar, technical and derivatives analyst at Globe Capital Market."...by the time the Nifty 50 is trading below 26000 spot levels in closing basis, and the ongoing pullback rally most likely to face resistance around 25880-25940 spot zone," Kumaar said. Analysts continue to favour a 'sell on rise' trading approach till the time the Nifty 50 trades below 26000 spot levels, and it is anticipated to test 25200 spot levels, Kumaar added.
Sectoral indices were mixed. The Nifty Infrastructure was the worst hit, down over 1%. The index was dragged down by losses incurred by the shares of Larsen & Toubro. PVR Inox rose over 4%, helping the Nifty Media to be top gainer among sectoral indices.
The broader indices were mixed with all the Nifty mid-caps down 0.3-0.5%. A fall in the shares of Dixon Technologies dragged the Nifty Midcap 50 down. The stock was down nearly 5% and was the worst hit in both the Nifty 200 and Nifty 500 indices.
Motilal Oswal Financial Services was the top gainer in the Nifty 200 index, up nearly 5%, and Authum Investment & Infrastructure was among the top gainers in the Nifty 500 index, up over 8%. Shares of Maharashtra Scooters rose to be among the top gainers among the Nifty 500 constituents. The stock was up nearly 6%. Monday, post market hours, the company had reported a 25% on-year rise in its net profit for the December quarter at INR 41.2 million. (Adhithya Aji)
Equity Alert: ICICI Prudential Life shares up 0.2% ahead of Oct-Dec earnings
MUMBAI--1306 IST--Shares of ICICI Prudential Life Insurance Co. were up 0.2% at INR 682.05 ahead of the company's December quarter earnings. Motilal Oswal Financial Services Ltd. estimates that ICICI Prudential Life Insurance's net profit for the December quarter may fall nearly 2% to INR 3.19 billion. In the year-ago quarter, the company posted a net profit of INR 3.26 billion.
The insurer's net premium income may rise nearly 15% to INR 140.520 billion, Motilal Oswal said. The company posted a net premium income of INR 122.613 billion in the same quarter a year ago.
The company is likely to post an annualised premium equivalent of INR 25.97 billion for the December quarter, according to the brokerage, up 7% on year and on quarter due to boost in demand after all individual life and health insurance was exempted from Goods and Services Tax.
The value of new business margin growth for the company is likely to be strong, growing at 18.1% for the December quarter compared with 1% in the trailing quarter Motilal Oswal said. However, the value of new business margin is expected to be impacted by the removal of input tax credit provisions for insurers from September last year as part of GST rate rationalisation, with margin expected to fall to 23.5% for the December quarter from 24.4% in the trailing quarter.
According to data released by the company earlier, it reported first year premium of INR 19.45 billion in December, up 25.1% on year.
Motilal Oswal has a buy rating on the stock with a target price of INR 800. For the September quarter, ICICI Prudential reported a standalone net profit of INR 2.99 billion. (Suryash Kumar)
Equity Alert: Most brokerages retain 'buy' rating on TCS post Q3 results
MUMBAI--1215 IST--Most broking firms retained their rating on Tata Consultancy Services after the company announced its December quarter earnings on Monday post market hours. Some brokerages raised their target price for the stock while some others kept it unchanged.
TCS reported a consolidated net profit of INR 106.57 billion for Oct-Dec, down 12% sequentially. The fall in the company's bottom line was due to one-time cost of INR 33.91 billion from the trailing quarter. However, without one-time cost, the consolidated net profit of the company would have been up nearly 16% quarter on quarter. The company reported a consolidated revenue of INR 670.87 billion, up 2% sequentially, and beating estimates.
Broking firm Nuvama Institutional Equities has retained its 'buy' recommendation on the stock. It raised the target price on the stock by almost 3% to INR 3,750 on its attractive valuation. The brokerage has cut its estimate for the company's earnings per share by 4% for 2025-26 (Apr-Mar) due to exceptional items. However, it has raised its estimate for TCS' earnings per share marginally for FY27.
Prabhudas Lilladher has also maintained its 'buy' recommendation on TCS and increased its target price by 2% to INR 4,040. The brokerage expects the company's revenue in dollars to grow at a compound annual growth rate of 5.4% over FY26 to FY28. This is due to the low base of revenue in FY26 and steady recovery within its international business. Prabhudas Lilladher raised its estimates for the company's operating margin by 10 basis points for FY26, 20 bps for FY27, and 10 bps for FY28.
JM Financial Institutional Securities has retained its 'buy' recommendation on the stock. The brokerage has raised the target price by 1% to INR 3,810. The brokerage raised its estimates for the company's revenue over FY27 to FY28 by about 0.3–0.7%. It has marginally upgraded its estimates for earnings per share by 0.5-3.5% over FY26-FY28.
Nomura Financial Advisory and Securities (India) has retained its 'neutral' recommendation on the stock with an unchanged target price of INR 3,300. The brokerage has lowered its estimate for the company's earnings per share for FY26 by around 3% to reflect the one-offs in the December quarter. It sees earnings before interest and tax margin for TCS at 25% in FY26–FY27.
Emkay Global Financial Services has maintained the 'add' recommendation with an unchanged target price of INR 3,500. The brokerage said that the company's Oct-Dec performance was in line with its expectations. The broking firm cut its net profit estimates for FY26 by 7.3%, factoring in the Q3 performance, while it cut 0.2-0.3% metric estimate for FY27-FY28.
At 1203 IST, shares of the company were trading nearly 1% higher at INR 3,257.90 on NSE. So far, nearly 3 million shares of the company changed hands on the exchange, higher than over 860,000 shares traded till the same time Monday.
Of the 25 brokerage recommendations available with Informist on the company, 21 have a 'buy' recommendation with an average target price of INR 3,829, while the remaining four have a 'hold' recommendation with an average target price of INR 3,881. (Arundathi A R)
Equity Alert:L&T dn 3% as Kuwait mulls cancelling $9-bln oil project tenders
MUMBAI--1145 IST--Shares of Larsen & Toubro fell nearly 3% to a one-month low of INR 3,911, with the stock being the worst performer among the Nifty 50 constituents so far in the session. The stock fell after media reports said that Kuwait was discussing plans to cancel oil project tenders worth $8.7 billion. The company was the lowest bidder for some tenders.
West Asia-based media company, Meed, reported that Kuwait is looking to cancel a series of tenders as five major upstream contracts reportedly came well above budget. Among them, Larsen & Toubro was the lowest bidder for tenders worth $4.5 billion, CNBC-TV18 reported. In rupee terms, this amounts to around INR 406 billion. As of Sept. 30, the company's consolidated order book stood at INR 6.67 trillion. For Apr-Sept period, international orders of the company accounted for INR 1.24 trillion.
At 1202 IST, shares of the company were nearly 3% lower at INR 3,915.50. Over 1.40 million shares of the company changed hands, which is over two times the number of shares traded till the same time Monday.
Of the 17 brokerage reports available on the company with Informist, 16 have a 'buy' recommendation on the stock with an average target price of INR 4,415. The remaining one has a 'hold' recommendation. (Adhithya Aji)
Equity Alert: HCL Tech falls as much as 2.5% as Q3 PAT falls 4% QoQ
MUMBAI--1052 IST--Shares of HCL Technologies fell 2.5% to a low of INR 1,626, before coming off lows. Shares of the company fell after its net profit for the December quarter fell nearly 4% on quarter and 11% on year to INR 40.76 billion, below expectations of INR 47.49 billion by analysts. The company also cut the upper end of its sales growth guidance for 2025-26 (Apr-Mar) to 4.5% from 5% and raised the lower end of its sales growth guidance to 4% from 3%. The company retained its earnings before interest and tax margin guidance at 17-18% for the period.
The company's revenue rose 6% on quarter and over 13% on year to INR 338.72 billion, beating estimates of INR 331.86 billion by analysts. The company's top line grew at an 11-quarter high on a yearly basis. At 1034 IST, shares of HCL Technologies were slightly lower at INR 1,661.30 on the National Stock Exchange. Over 4 million shares of the company were traded on the bourse during the session so far, four times the number of shares traded till the same time on Monday.
The company reported a one-time impact of INR 9.56 billion due to the new labour codes that came into effect on Nov. 21. This resulted in the company having to increase provision for employee benefits, which were recognised in staff costs for the period. If this impact is to be excluded the net profit, the metric would have improved to INR 50.32 billion, beating analysts' estimates. The one-time impact will be excluded from the company's EBIT margin guidance. The company's revised growth guidance implies a soft March quarter as a decline of 1% growth sequentially will lead to the higher end of the guidance, brokerage Prabhudas Lilladher said. The brokerage downgraded the company's stock to a 'hold' recommendation from 'buy' earlier. However, it increased the target price of the company to INR 1,789 from INR 1,727.
Out of 18 brokerage reports on the company available with Informist, 10 have a 'buy' recommendation on the stock with an average target price of INR 1,820 and six have a 'hold' recommendation with an average target price of INR 1,653. The remaining two brokerages having a 'sell' recommendation on the stock. (Akshat Saksena)
Equity Alert: TCS choppy after co's Q3 PAT falls 12% QoQ on one-time costs
MUMBAI--1017 IST--Shares of the information technology major Tata Consultancy Services were choppy in morning trade after the company reported nearly 12% sequential fall in its consolidated net profit for the December quarter. The fall in its bottom line can be attributed to its one-time costs of INR 33.91 billion incurred during the reporting period.
At 0949 IST, shares of the company were marginally lower at INR 3,237.60. Over 1.30 million shares of the company changed hands on the bourse so far, which is four times higher than the number of shares traded till the same time Monday.
The company reported a consolidated net profit of INR 106.6 billion, which fell short of the analyts' estimate of INR 130 billion. The company reported one-time costs such as INR 21.3 billion due to the impact of of new labour codes, provision towards legal claim of INR 10.1 billion, and restructuring expenses amounting to INR 2.5 billion.
The revenue of the company rose nearly 4% sequentially to INR 670.87 billion, which was higher than the Street expectation of INR 668.01 billion. The operating margin of the company was unchanged for the reporting quarter at 25.2%, which is better than the 30-basis-point fall on average estimated by analysts.
Of the 20 brokerage reccomendations available on the company with Informist, 18 have a 'buy' reccomendation on the stock with an average target price of INR 3,772 and the remaining two have a 'hold' reccomendation. (Adhithya Aji)
Equity Alert: Indices remain lower; heavyweight banks limit further losses
MUMBAI--1015 IST--Benchmark indices remained lower. Pharmaceutical companies and index heavyweight Reliance Industries extended their decline, while select metal stocks were able to recover slightly and private and public sector banks continued to rise steadily, limiting losses.
At 1016 IST, the Nifty 50 was at 25753.50 points, down 36.75 points or 0.1%. The BSE Sensex was at 83742.48 points, down 135.69 points or 0.2%. Near 1% gains in heavyweights HDFC Bank and ICICI Bank were the biggest support to the 50-stock index. Reliance Industries was a major drag on the benchmark index as it fell over 1%. Shares of metal companies such as Hindalco Industries and JSW Steel were trading with gains.
Shares of Larsen and Toubro were down over 2%. According to a report by MEED, Kuwait is discussing cancellation of oil project tenders worth $8.7 billion and looking to rebid the tenders. Larsen and Toubro was the lowest bidder in tenders worth over $4.5 bn, CNBC-TV18 reported, citing analysts. Meanwhile, shares of Eternal were up almost 3%. According to an analyst sales note reffered to by several media reports, the stock carries half weight in the MSCI index due to low foreign headroom. Based on the latest shareholding, foreign headroom has increased and is now above the 25% mark, which should make the stock eligible for the full MSCI weightage.
Among Nifty 200 stocks, Glenmark Pharmaceuticals was down more than 3%. Meanwhile, shares of Godfrey Phillips rose over 4% and were the top performers in the 200-stock index. Authum Investment & Infrastructure rose over 5% and gained the most among Nifty 500 companies, while AU Small Finance Bank was down 2.5%, among the worst hit stocks in the same index. Shares of Maharashtra Scooters rose over 2?ter the company's net profit for the December quarter rose almost 25% on year to INR 41.2 million. Revenue from operations for the quarter rose a little over 11% from a year ago to INR 64.4 million.
Broader market indices were mixed. The Nifty Smallcap 250 index advanced slightly, while the Nifty Midcap 150 index was slightly lower. Alkyl Amines Chemicals, Angel One, and Alok Industries were the biggest small-cap gainers, with their stocks rising nearly 2-3%. (Eshitva Prakash)
Equity Alert: Bank of Maharashtra rises 2% ahead of Oct-Dec results
MUMBAI--1000 IST--Shares of Bank of Maharashtra rose 2% to a high of INR 65.10 ahead of the company's December quarter earnings later in the day. At 0957 IST, shares of the company were at INR 64.61 on the NSE, up over 1% from Monday's close.
Systematix Institutional Equities estimates the bank's net profit for the December quarter at INR 16.33 billion, largely unchanged from the trailing quarter. However, its net profit is expected to rise 16% on year on account of increase in the bank's net interest income and decline in provisions.
Systematix estimates the bank's net interest income at INR 33.89 for the quarter, a rise of almost 4% on quarter and 15% on year. Its net interest income may rise as the bank's global advances as on the Dec. 31 were up 19.6% on year.
The bank's provisions are likely to increase just over 1% on quarter and slippages may also rise due to seasonality, the brokerage said. In contrast, provisions are estimated to decline nearly 9% on a year-on-year basis, aiding the bank's net profit.
Systematix has a 'buy' rating on the stock with a target price of INR 73. For the September quarter, Bank of Maharashtra reported a net profit of INR 16.33 billion and net interest income of INR 32.48 billion. (Shruti Nair)
Equity Alert: Indices fall after opening higher; some bks gain, pharma cos dn
MUMBAI--0941 IST--Domestic benchmark indices fell after opening higher on Tuesday, with early gains seen in select public and private sector banks, while healthcare-related stocks exerted pressure on the Nifty 50.
At 0935 IST, the Nifty 50 was at 25753.30 points, down 36.95 points or 0.1%. The BSE Sensex was at 83741.37 points, down 136.80 points or 0.2%. Eternal was the biggest gainer in the opening minutes of trade and was up 2.5%. Shares of the company have risen for five consecutive sessions. Among other gainers, Oil and Natural Gas Corp. was up almost 2% and Hindalco Industries rose 1%. Meanwhile, Larsen & Toubro was the worst hit constituent of the 50-stock index and was down more than 2%. Pharmaceutical majors Dr. Reddy's Laboratories and Cipla traded over 1% lower, near the bottom of the pack.
Shares of select private and public sector banks were higher, with State Bank Of India and Axis Bank trading with gains. Shares of index heavyweight HDFC Bank rose almost 1%. Another heavyweight, Reliance Industries, however, was down 1%, dragging the Nifty 50 lower.
Among IT companies, Tech Mahindra was up nearly 1%, while HCL Technologies was down more than 1%. The company's consolidated net profit for the December quarter fell 4% on quarter. Brokerage Nimral Bank has downgraded its recommendation on HCL Technologies to 'hold' from 'buy' due to a weak sales growth guidance for FY26. Shares of Tata Consultancy Services were down slightly after the company Monday reported a 12% on-quarter fall in its bottom line for the December quarter due to one-time costs.
Among other stocks, Ola Electric Mobility rose 1%. The company has launched a portable energy system, named 'Shakti' for homes and offices from its cell manufacturing Gigafactory in Krishnagiri, Tamil Nadu. The launch marks the company's entry into the resdential battery energy storage system market. (Eshitva Prakash)
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)
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)
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 90.19
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Rajeev Pai
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.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
