More Stories

Informist, Tuesday, Jan. 20, 2026                                      Tel +91 (22) 6985-4000

Equity Alert: Indices end sharply dn; Nifty 50's drop steepest in over 8 mos

MUMBAI--1550 IST--Domestic benchmark indices closed sharply lower Tuesday amid a spike in volatility, ending lower for the second straight session. The Nifty 50 witnessed the steepest decline since May. 13, and its closing level was the lowest in over three months. Only two of the Nifty 50 stocks ended higher. Of the total 3,309 stocks traded on the NSE on Tuesday, over 81% ended lower. Other markets in Asia were also hit as sentiment worsened after US President Donald Trump's tariff threats to the European Union stoked fears of a transatlantic trade war.     

The Nifty 50 settled at 25232.50 points, down 353 points or 1.4%. The BSE Sensex ended at 82180.47 points, down 1065.71 points or 1.3%. Bajaj Finance, Adani Enterprises, and Eternal around 4% lower each, the most among Nifty 50 constituents. Index heavyweight HDFC Bank rose only slightly and was unable to offset the negative impact of the decline in other heavyweights such as ICICI Bank and Reliance Industries, which ended 0.4% and 1.4% lower, respectively. Tata Consumer Products eked out a minor gain. The market's fear gauge, the India VIX, ended almost 8% higher at 12.73 points, its highest closing level in nearly two months.  

The Nifty Realty index was the worst hit among sectoral indices and closed 5% lower, followed by the Nifty Consumer Durable index, which was down nearly 3%. All other sectoral indices also closed in the red.

Among other stocks, Newgen Software Technologies closed almost 15% lower after the company reported its financial numbers for the December quarter. Its consolidated net profit fell 23.2% sequentially to INR 628.15 million and revenues from operations was also slightly lower quarter on quarter. Meanwhile, shares of Hindustan Zinc closed over 3% higher. The company reported a net profit of INR 38.79 billion for the quarter, up nearly 47% on year, and its revenue was up 28% on year at INR 109.22 billion, surpassing Street estimates on both the metrics. Brokerages have said that the company's earnings were aided by a surge in silver prices, which rose to fresh highs yet again on Tuesday. 

Broader market indices slumped more than their benchmark peers. All small-cap and mid-cap indices ended the day with over 2–3% losses. Aditya Birla Real Estate, Aegis Vopak Terminals, and Aditya Birla Fashion and Retail were among the worst hit small-cap stocks, down 5-7%. Bharat Heavy Electricals, Bank of Maharashtra, and Ashok Leyland were hurt the most among mid-cap companies and fell nearly 4-5%.  (Eshitva Prakash)

Equity Alert: Newgen Software ends 16% lower as one-time cost impacts Q3 PAT

MUMBAI--1547 IST--Shares of Newgen Software Technologies fell more than 16% to an over two-year low of INR 617.55. The stock fell sharply after the company's consolidated net profit for Oct-Dec fell more than 23% sequentially to INR 628.15 million. The bottom line was impacted by a one-time cost of INR 351 million due to the new labour codes. Excluding the one-time cost, the consolidated net profit of the company was INR 979.13 million.

Shares of the company closed over 14% lower at INR 628.45. Over 7 million shares of the company changed hands Tuesday, over 19 times higher than the number of shares traded Monday. The stock was down for the eighth straight session, shedding over 26% in this period.

The top line of the company rose over 5% on year to INR 4 billion. Sequentially, the sales were marginally lower. Total income of the company rose nearly 8% on year to INR 4.20 billion. Newgen Software's other income more than doubled on year to INR 200.50 million from nearly INR 84 million reported in the year-ago quarter. Total expenses of the company rose nearly 8% to INR 3.05 billion from INR 2.83 billion year ago.

The earnings before interest, tax, depreciation, and amortisation of the company rose 31% on year to INR 3.76 billion. (Adhithya Aji)

Equity Alert: Indices in Europe lower on US-Europe tensions over Greenland

MUMBAI--1458 IST--Equity indices in Europe traded lower for the session Tuesday as the region grapples with tariff threats from the US President Donald Trump over attempts by the latter to annex Greenland. Shares of French wine and champagne giants fell after the US President made threats to slap sizeable tariffs on French wines and champagne. 

Trump Tuesday threatened to levy a 200% tariff on French wines and champagne after French President Emmanuel Macron was reportedly unwilling to take part in the US President's "Board of Peace" on Gaza, a report from CNBC said. "Well, nobody wants him because he's going to be out of office very soon," Trump said. "So you know, that's all right. What I'll do is, if they feel like [being] hostile, I'll put a 200% tariff on his wines and champagnes, and he'll join. But he doesn't have to join," Trump was quoted as saying. The French President's term is due to expire in May 2027 and will not be able to run for a third time under French law. Shares of LVMH Moet Hennessy Louis Vuitton, the owner of Mot & Chandon, Dom Prignon and Veuve Clicquot, and those of Remy Cointreau, the maker of Telmont champagne, were down 2% each. 

The markets were down after Trump had announced that exports from eight European countries would face escalating tariffs starting at 10% from Feb. 1, which would jump to 25% on Jun. 1 if an agreement was not reached that would allow the US to secure control over the mineral-rich island, CNBC reported. The leaders have described the threats as "unacceptable" and are reportedly considering counter-measures as France pushes the European Union to utilise its strongest economic counter threat "Anti-Coercion Instrument", CNBC reported. 

Job market data in Britain weakened before the November budget announcement by Finance Minister Rachel Reeves, Reuters reported. The payrolls data measure from the tax office showed a fall of 43,000 in December from November. This is the biggest monthly fall since November 2020 for the country. Annual pay growth excluding bonuses slowed to 3.6% in the three months to November from 3.9% in three months to October, its slowest since November 2020. Meanwhile, in Germany, producer prices fell 2.5% in December, in line with expectations of a 2.4% fall by analysts polled by Reuters. 

Investors in the region will focus on World Economic Forum in Davos, Switzerland. European Commission President Ursula von der Leyen, Vice Premier of China He Lifeng, and French President Emmanuel Macron are set to address the forum Tuesday, with Trump due to address the forum on Wednesday. 

Following were the levels of major European indices at 1504 IST:

(Akshat Saksena)

Equity Alert: Asian indices largely down; markets analyse US-Europe tensions

MUMBAI--1420 IST--Equity indices in Asia were largely down as investors in the region continue to assess the tensions between the US and Europe over the former's attempts to purchase Greenland. Indices in Japan were lower as well after Prime Minister Sanae Takaichi said she planned to dissolve the parliament and call for snap elections on Feb. 8. 

Europe-US tensions continue to rise as leaders of the continent consider counter-tariffs and broader economic measures in response to tariff threats from US President Donald Trump in an attempt to annex the Arctic island. The US president had announced that exports from eight European countries would face escalating tariffs starting at 10% from Feb. 1, which would jump to 25% on Jun. 1 if an agreement was not reached that would allow the US to secure control over the mineral-rich island, CNBC reported. 

Japan's Prime Minister Sanae Takaichi said she plans to dissolve the parliament and call for snap elections on Feb. 8, according to CNBC. Despite raising political uncertainty for the near term, the elections will provide an opportunity for a government with a stronger mandate that will help provide more clarity on policy, Fitch Group was quoted as saying in a note.    

CSI 300 and the Hang Seng were trading lower after a surge in trading activity drew regulatory scrutiny from Chinese authorities. The authorities raised the margin requirement for credit purchases to 100% from 80%, with effect from Monday, according to reports from CNBC. Despite this, a stabilising economy and expectations of fiscal policy support have prompted an optimistic outlook on stocks in China, Standard Chartered's Regional Chief Investment Officer for Greater China Raymond Cheng was reported as saying. 

Chair Jung Eun-bo of Korea Exchange said that he expects the KOSPI to surpass the 6,000 point benchmark. This comes as the index has reached fresh record highs for 12 trading sessions in a row, according to an article from Chosun Biz. To restore faith in the markets, Jung said the exchange would toughen listings on 'zombie corporations'. These corporations are those that have not generated enough revenue for a long period and will be unable to cover interest expense, Jung was reported as saying. The chair of the exchange said the country's key industries such as semiconductors, defence, and shipbuilding, are boosting competition and leading the gains in market value. Jung said that if the country is included in the MSCI developed index, inflows from global funds would outpace the outflows, but did acknowledge that it might take a few years for the country to be included with efforts already underway, as per the report. 

Following are the levels of key Asian indices at 1410 IST:

(Akshat Saksena)

Equity Alert: Deepak Nitrite up 6%, snapping seven-day losing streak

MUMBAI--1319 IST--Shares of Deepak Nitrite snapped a seven-day losing streak and rose 6% to an intraday high of INR 1,627. In the last seven trading sessions, the stock shed over 6%. The stock was among the top gainers in the Nifty 500 index. At 1306 IST, the stock was nearly 4% higher at INR 1,593.20. Over 1 million shares of the company have changed hands on the bourses so far, higher than over 40,000 shares traded till the same time Monday. 

On Monday, the company had informed the exchanges that its wholly-owned subsidiary, Deepak Chem Tech Ltd., had commissioned a nitration and hydrogenation plant at Dahej in Bharuch district of Gujarat. As of Monday, the company has incurred approximately INR 850 million as capital expenditure for the project, according to an exchange filing. 

Of the eight brokerage reports available on the company with Informist, three have a 'buy' recommendation on the stock, with target price ranging from INR 1,853 to INR 2,005. Three have a 'hold' recommendation with target price ranging from INR 1,718 to INR 1,779 while the remaining two have a 'sell' recommendation with target price of INR 1,530 and INR 1,880. (Adhithya Aji)   

Equity Alert: Indices fall more; US-EU trade tensions trigger volatility

MUMBAI--1251 IST--The benchmark indices fell further as a rise in heavyweight banks was offset by a steeper fall in information technology and select fast-moving consumer goods companies. India VIX, or equity market's fear gauge, rose over 3%. It has risen over 8% in the past four sessions. The transatlantic trade tension between the US and the European Union has fuelled volatility and affected the equity market, Rupak De, technical analyst at LKP Securities said. Markets in Asia were also hurt by US President Donald Trump's renewed tariff push. 

At 1220 IST, the Nifty 50 was at 25430.70 points, down 154.80 points, or 0.6%. The BSE Sensex was at 82833.95 points, down 412.23 points, or 0.5%. Eternal was down over 3% and was a major drag on the Nifty 50. Dr. Reddy's Laboratories was the best performing Nifty 50 stock and rose almost 2%. HDFC Bank, ICICI Bank, and State Bank Of India were trading in the green. IT companies such as Tech Mahindra, Tata Consultancy Services, HCL Technologies, and Infosys were down 1-3%.

Among other stocks, Bharat Heavy Electricals fell nearly 4%. The order intake of the state-owned capital goods major decreased 4.3% on year to INR 459 billion for the period of nine months ended 2025-26 (Apr-Mar). The order backlog stood at INR 2.2 trillion, brokerage Prabhudas Lilladher said. The brokerage cut earnings-per-share of the company for 2025-26 (Apr-Mar) by 18.9% and for FY27 by 4.3%. This was by factoring in slower execution pace amid strong order backlog, normalised provision, and moderate order inflow momentum, according to the brokerage.

Meanwhile, shares of Hindustan Zinc rose over 3% after the company reported a net profit of INR 38.79 billion for the December quarter, up around 47% on year and on quarter and higher than analysts' expectations of INR 34.77 billion. Revenue from operations rose around 28% on year and on quarter to INR 109.22 billion, while analysts had expected the company to post a revenue of INR 101.46 billion. Futures contracts of gold and silver on the Multi Commodity Exchange of India rose to fresh all-time highs on Tuesday, while silver contracts on the COMEX also touched a record. Prices rose due to tensions between the US and the European Union, which have prompted the market to flock to precious metals for their safe-haven appeal. 

Geopolitical tensions have surged over the past few days after US President Donald Trump imposed new tariffs on eight European nations over his push to acquire Greenland. Trump said he will impose 10% tariffs on imports from European countries, starting Feb. 1. The tariffs would increase to 25% on Jun. 1 and continue until a deal is reached for the US to acquire Greenland.  (Eshitva Prakash)

Equity Alert: Hindustan Zinc up 6% on robust growth in Q3 PAT, sales

MUMBAI--1250 IST--Shares of Hindustan Zinc rose nearly 6% to a 52-week high of INR 696.90 after the company reported a sharp rise in its top line and bottom line for the December quarter. The company reported a net profit of INR 38.79 billion for the quarter, up nearly 47% on year, and the revenue was up 28% on year at INR 109.22 billion. Hindustan Zinc beat analysts' estimates on both the metrics.

At 1250 IST, shares of the company were trading over 3% higher at INR 681.80. Over 32 million shares of the company changed hands, nearly four times the number of shares traded till the same time Monday. The stock was the top gainer among the Nifty 200 constituents. Shares of Hindustan Zinc's parent company, Vedanta, were also marginally higher.

The company is expected to benefit from favourable commodity prices, which are expected to sufficiently offset the impact of lower silver volume in the near term as it continues to operate in the zinc and lead segments, Systematix Institutional Equities said.

The average price of silver rose over 72% on year and around 38% sequentially in the December quarter. Meanwhile, the price of zinc rose around 8% from the previous quarter. Silver prices hit multiple record highs during the December quarter in international as well as domestic markets due to robust demand from industrial users and a sustained deficit in global supply.

The management of the company expects its volumes to be close to its guidance of 680 tonnes in 2025–26 (Apr-Mar). This is driven by a seasonally better March quarter and all plant shutdowns are now over, the management said in a post-earnings conference call.  (Adhithya Aji)

Equity Alert: BHEL shrs down 5% to one-month low post Oct-Dec earnings

MUMBAI--1151 IST--Shares of Bharat Heavy Electricals fell over 5% to a one-month low of INR 248.75. The stock fell despite the company reporting a more than triple on-year growth in its consolidated net profit and broadly in line with the Street expectations. 

At 1117 IST, shares of the company were trading nearly 4% lower at INR 253.70. Over 15 million shares of the company changed hands, which is over five times higher than the number of shares traded till the same time Monday. The stock was down for the third consecutive session and shed nearly 7% during the period.  

The order intake of the state-owned capital goods major decreased 4.3% on year to INR 459 billion for the period of nine months ended 2025-26 (Apr-Mar). The order backlog stood at INR 2.2 trillion, Prabhudas Lilladher said. The brokerage cut down earnings-per-share of BHEL for FY26 by 18.9% and for FY27 by 4.3%. This was by factoring in slower execution pace amid strong order backlog, normalised provision, and moderate order inflow momentum, Prabhudas Lilladher said. 

The industry segment continued to deliver strong execution with revenue up 27.4% on year. This was driven by accelerating traction across transmission, transportation, oil & gas and defence verticals, according to Prabhudas Lilladher. However, order inflows in the industry moderated sharply to INR 16.3 billion against INR 57 billion reported in the year ago quarter, the brokerage added. Prabhudas Lilladher maintained a 'hold' recommendation on the stock and reduced the target price to INR 245 from INR 250, a downside of 2%. 

BHEL reported a gross margin of 30.8%, down 620 basis points on year. This is due to the accelerated execution of low margin legacy projects, according to Nuvama Institutional Equities. The brokerage has cut down the earnings-per-share estimate of the company for 2025-26 (Apr-Mar) by 21% due to bunched execution of legacy projects in the first half of FY26. Nuvama maintained a 'buy' recommendation on the stock with an unchanged target price of INR 353.

Of the six brokerage reports available on the company with Informist, five have a 'buy' recommendation on the stock with an average target price of INR 345 and the remaining one has a 'hold' recommendation.  (Adhithya Aji)

Equity Alert: LTIMindtree down 8%; co's PAT falls 31% QoQ on one-time cost

MUMBAI--1150 IST--Shares of LTIMindtree fell nearly 8% to a low of INR 5,911.50 after the company's consolidated net profit for Oct-Dec fell 31% on quarter and 11% on year to INR 9.71 billion. This was below analysts' consensus estimate of INR 14.21 billion by a significant margin. If adjusted for the one-time cost incurred due to the implementation of the new labour codes, the company's consolidated net profit was INR 15.61 billion. The company's consolidated revenue rose around 4% sequentially and 12% on year to INR 107.81 billion for the quarter, in line with the Street's view of INR 107.25 billion. The company's yearly growth in revenue was the highest in 10 quarters.

According to brokerages, LTIMindtree reported good results for the December quarter with an improvement in its order book and margins. The outlook for the company is seen positive, brokerages said. The company posted a rise in revenue despite a decline in income from its top five clients led by a high-single digit sequential rise seen by its manufacturing and healthcare segments. The revenue from its top five clients fell nearly 9% on year and 3% on quarter, according to Nuvama Institutional Equities. This fall was led by the company's top client in its banking, financial services, and insurance segment. However, the weakness seen by the top client is expected to bottom out by the March quarter with the overall segment expected to grow in 2026-27 (Apr-Mar), Nuvama said. 

The artificial intelligence-led productivity initiatives for large clients continue to affect the company's near-term growth, according to Motilal Oswal Financial Services. However, as four out of five clients of the company have completed their productivity programmes, the impact appears to be moderating and the phase of transition should be manageable, the brokerage said. 

Margins of the company are supported by its 'Fit4Future' execution, cost discipline and foreign exchange boost but were offset by the furloughs seen in the quarter, according to brokerages. Order inflows of $1.70 billion for the December quarter indicate steady demand despite macroeconomic challenges, Motilal Oswal said. The brokerage expects the renewals to be used to consolidate vendor positions that support the company's wallet share gains. The management expects to maintain the growth momentum in the March quarter on the back of strong execution, traction in AI-led offerings, and a robust deal pipeline, Emkay Global said.

At 1146 IST, shares of LTIMindtree were over 7% lower at INR 5,918 on NSE. Over 830,000 shares of the company have been traded on the bourse so far during the session, higher than the over 170,000 shares traded till the same time Monday. Out of 14 brokerage reports on the company available with Informist, nine have a 'buy' recommendation with an average target price of INR 6,736 on the stock. Out of the remaining five, three have a 'hold' recommendation and two have a 'sell' recommendation.  (Akshat Saksena)

Equity Alert: Indices remain lower; most Nifty 50 cos in the red

MUMBAI--1135 IST--Benchmark indices remained lower and the Nifty 50 continued to hover below its immediate support levels. A few Nifty 50 companies traded higher and were up modestly. All sectoral indices were in the red. 

At 1129 IST, the Nifty 50 was at 25463.95 points, down 121.55 points or 0.5%. The BSE Sensex was at 82905.53 points, down 340.65 points or 0.4%. While index heavyweights such as HDFC Bank and ICICI Bank trimmed losses from earlier in the session and lent support to the 50-stock index, a 1% fall in Reliance Industries halted prospects of a meaningful recovery. Coal India and Bajaj Finance were down over 2% each and were among the worst hit Nifty 50 stocks. Dr. Reddys Laboratories and Hindustan Unilever were at the top of the Nifty 50 index, despite the latter coming off the day's highs.

State Bank of India pared gains and was only marginally higher. Meanwhile, select information technology stocks such as Tech Mahindra, Wipro, and HCL Technologies extended losses and were 1-2% lower.  

Ola Electric Mobility fell almost 7%. The company said it has appointed Deepak Rastogi, former group chief financial officer of Puravankara, as its CFO, effective Tuesday. This comes after Harish Abichandani resigned from the post, citing personal reasons. The company has not specified the tenure of Rastogi's post. 

The Nifty Realty index was the worst hit sectoral index and was down nearly 3%. Oberoi Realty, Prestige Estates Projects, and Sobha were the worst hit constituents of the index and were down 4–7%. All stocks in the Nifty India Defence index also fell, with shares of Data Patterns (India), MTAR Technologies, and Mishra Dhatu Nigam down 3-5%.  (Eshitva Prakash)

Equity Alert:  ITC Hotels slightly down ahead of Oct-Dec results

MUMBAI--1028 IST--Shares of ITC Hotels fell nearly 1% to a low of INR 183.75 ahead of the company's December quarter earnings later in the day. The company is expected to report a rise in revenue and net profit for the December quarter, driven by higher room rates, festive demand, and wedding-related travel, according to analysts.  At 1027 IST, shares of the company were at INR 183.95 on the NSE, down 0.7% from Monday's close.

ITC Hotels' consolidated net profit is estimated at INR 2.72 billion-INR 2.95 billion. Estimates from only two brokerages were available on the company with Elara Securities (India) Pvt Ltd. projecting the higher estimate followed by JM Financial Institutional Securities Pvt Ltd.

The consolidated revenue is estimated at INR 11.44 billion-INR 11.81 billion. The higher estimate is by Elara Securities and the lower by JM Financial. The year-on-year rise in ITC Hotels' revenue in the December quarter is largely driven by higher average room rates, even as industry-wide occupancy levels remained broadly flat, according to Elara Securities. It said demand during festivals, wedding, and corporate travel, along with large leisure and business events during the quarter supported revenue growth.

Commenting on the hospitality sector, Elara said international tourism usually peaks this quarter, mainly benefitting luxury and upscale hotels in key markets. However, the brokerage cautioned that cancellations of IndiGo flights in December led to some moderation in occupancy and hit room prices towards the end of the quarter.

Elara has a 'buy' rating on the stock with a target price of INR 266. For the September quarter, ITC Hotels reported a net profit of INR 1.32 billion and revenue of INR 8.39 billion.  (Gunjan Rajput)

Informist, Tuesday, Jan. 20, 2026                                      Tel +91 (22) 6985-4000

Equity Alert: Shares of Oberoi Realty fall after co misses Q3 PAT estimate

MUMBAI--1025 IST--Shares of Oberoi Realty fell 6% to a six-month low of INR 1,555 after the company missed the consensus estimate for its December quarter net profit. The stock was down for the second session and shed nearly 7% during this period.

The real estate developer Monday posted flat on-year growth in its bottom line for the December quarter. The company's consolidated net profit for the reporting quarter rose 0.7% on year and fell over 18% sequentially to INR 6.23 billion, lower than the INR 7.04 billion expected by analysts. Its consolidated top line grew almost 6% on year but fell over 16% sequentially to INR 14.93 billion in the December quarter. Oberoi Realty also incurred a one-time cost in Oct-Dec, resulting from an increase in the company's obligations due to the new labour codes which came into effect in November.

At 1015 IST, shares of Oberoi Realty were trading over 5% lower at INR 1,568.90 on NSE. So far, nearly 979,000 shares of the company have changed hands on the exchange, higher than 58,000 shares traded till the same time Monday.

Of the six brokerage recommendations available with Informist on the company, four have a 'buy' recommendation with an average target price of INR 1,943. One has a 'hold' recommendation and the remaining one has a 'sell' recommendation on the stock.  (Arundathi A R)

Equity Alert: Indices remain lower; Nifty 50 breaches immediate support

MUMBAI--1010 IST--Benchmark indices remained lower in early trade as metal companies came off highs and index heavyweights extended losses. Only a handful of Nifty 50 companies were trading higher, leading to the 50-stock index falling below its immediate support of 25500 points. The India VIX, which is the market's fear gauge, rose almost 4%, signalling volatility in trading. 

At 1008 IST, the Nifty 50 was at 254785.70 points, down 99.80 points, or 0.4%. The BSE Sensex was at 82966.49 points, down 279.69 points, or 0.3%. Bajaj Finance and Eternal were among the worst hit Nifty 50 stocks and were down 2-3%. ICICI Bank and Kotak Mahindra Bank were slightly higher, lending some support to the 50-stock index, but shedding some gains from earlier in the session. NTPC was the best performing Nifty 50 stock and was 1% higher. Meanwhile, a near 0.4% drop in Reliance Industries and a 0.3% fall in HDFC Bank was a major drag on the Nifty 50.

Among other stocks, shares of Oberoi Realty fell nearly 6% after the company's consolidated bottom line for the reporting quarter rose 0.7% on year, but fell over 18% sequentially to INR 6.23 billion. Analysts' consensus estimate had pegged the realty player's bottom line for the December quarter at INR 7.04 billion.

Broader market indices fared worse than their benchmark peers, with all smallcap and midcap indices falling over 1%. Aditya Birla Fashion And Retail was the worst hit smallcap stock and was down over 7% after as many as 43.5 million shares, amounting to 3.6% of the company's outstanding equity, changed hands in the large transaction at an average price of INR 66.4 apiece, taking the total transaction value to 2.89 billion, CNBC-TV18 reported. Bharat Heavy Electricals, Bank of Maharashtra, and Bharat Dynamics were down 2–4% and were the worst performing midcap stocks.  (Eshitva Prakash)

Equity Alert: Indices open lower as index heavyweights, FMCG cos fall

MUMBAI--0938 IST--Benchmark domestic indices opened slightly lower Tuesday, in line with declines in equity markets across Asia, which tumbled amid concerns of a transatlantic trade war. US President Donald Trump has threatened to impose tariffs on European countries opposing a US takeover of Greenland. The Nifty 50 was marginally lower in the early minutes of trade due to a fall in select fast-moving consumer goods companies and index heavyweight stocks. Metal stocks performed better than their peers in the 50-stock index, limiting losses.

At 0935 IST, the Nifty 50 was at 25461.90 points, down 123.60 points or 0.5%. The BSE Sensex was at 82883.35 points, down 362.83 points or 0.4%. Bajaj Finance and Interglobe Aviation were among the worst hit Nifty 50 stocks, down over 1% and 2%, respectively. Fast moving consumer goods stocks such as Eternal and Asian Paints were around 2% lower each. Shares of information technology major Wipro extended losses and those of other IT players such as Infosys, Tech Mahindra, Tata Consultancy Services, and HCL Technologies traded in the red. A 0.6% fall in HDFC Bank and a slight fall in Reliance Industries were major drags on the Nifty 50. Meanwhile, Kotak Mahindra Bank was the biggest support to the 50-stock index and was up 1%. 

Metal companies such as Hindalco Industries, JSW Steel, and Tata Steel traded with gains. The Nifty Realty index was hit the hardest and was down almost 2%, followed by the Nifty IT index, which was down 1%. All other sectoral indices were lower in the opening minutes of trading.

Among other stocks, LTIMindtree fell almost 6% after the technology consulting and digital solutions company's consolidated net profit for the December quarter fell around 31% sequentially and 11% on year to INR 9.71 billion, missing analysts' expectations of INR 14.21 billion by a wide margin. The company's management has said it plans to raise wages in the March quarter.  (Eshitva Prakash)

Equity Alert: Indices seen in range Tue; Q3 results to give mkt direction

MUMBAI--0830 IST--Domestic benchmark indices are likley to move in a thin range Tuesday, with the bias negative due to the overhang of geopolitical issues. Analsyts see December quarter earnings giving the market direction in the coming sessions, while expectations from the Budget for 2026–27 (Apr-Mar) will give cues next week. Indices in the US were shut on MOnday on account of Martin Luther King Jr. holiday. 

The GIFT Nifty contracts suggest that the Nifty 50 index will be in range on Monday. At 0748 IST, the GIFT Nifty's January contract was at 25596.50 points, 11 points higher than the Nifty 50's close of 25585.50 points on Monday. The BSE Sensex closed at 83246.18 points on Monday, down 324.17 points or 0.4%. The Nifty 50 is expected to find support at 25500 points and face resistance at 25700 points, Sundar Kewat, technical and derivatives analyst at Ashika Group, said.

European Union leaders Monday urged for de-escalation and talks after US President Donald Trump threatened to impose 10% tariffs on eight European nations starting Feb. 1 until a "deal" is struck on Greenland. Trump has threatened 10% tariff on goods imported to the US from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland "until such time as a deal is reached for the complete and total purchase of Greenland". From Jun. 1, this tariff will be hiked to 25%.

Information technology services and consulting company LTIMindtree posted consolidated net profit of INR 9.71 billion for the December quarter on consolidated revenues of INR 107.81 billion. The company's net profit missed the Street view of INR 14.21 billion by a wide margin. Brokerage Emkay Global Financial Services has cut its estimate for FY26 earnings per share by 7.5%, factoring in the company's December quarter performance, while holding FY27 and FY28 estimates. The brokerage retains 'add' recommendation on LTIMindtree with a target price of INR 6,500. The company 

Hindustan Zinc reported a robust performance for the December quarter, with a sharp rise in both its bottom line and top line. The company reported a net profit of INR 38.79 billion for the December quarter, up around 47% on year. Revenue from operations rose around 28% on year to INR 109.22 billion. Emkay maintains its 'buy' recommendation on the stock with a target price of INR 700.

Most Asian indices were down in early trade amid concerns on renewed tariff threats from the US, after Trump pushed for levying 10% duties on goods imported from eight European nations. Barring Indonesia's IDX, all the indices were lower, with Japan's Nikkei 225 falling the most.  (Arundathi A R)

Equity Alert: Asian markets down; KOSPI falls after hitting fresh high

MUMBAI--0756 IST--Equity indices in Asia were down on Tuesday. The South Korean KOSPI was trading lower for the session after hitting a fresh high. Investors in the region are still grappling with US tariff threats on Europe as the region unites to support Greenland. Investors are also keeping an eye on Japan and the developments surrounding snap elections in the country. US markets were closed Monday on account of Martin Luther King Jr. holiday. 

European states are considering counter-tariffs and economic measures in response to the threat of tariffs by US President Donald Trump in his attempt to purchase Greenland, CNBC reported. Trump Saturday said exports from eight European nations would begin at 10% on Feb. 1 and climb to 25% by Jun. 1 if talks fail to secure US control of the mineral-rich island. The continent's constituents have gathered in support of the Arctic island. On Monday, the leader of the world's largest economy refused to rule out the use of force and seemed adamant that he would carry out his tariff threats on the eight members of the North Atlantic Treaty Organization, BBC reported. Speaking on the future of the semi-autonomous island, UK Foreign Secretary Yvette Cooper emphasised the country's position that the future of the island was for "Greenlanders and for the Danes alone" to decide. 

Japan's ruling coalition holds a one-seat Lower House majority after its formation in October after Sanae Takaichi came into power because of the resignation of her predecessor, CNBC reported. Given this, it would bring more clarity on policy if the snap elections result in a government with a stronger mandate, even if it raises some near-term political uncertainty, Fitch Group was reported as saying. The global brokerage expects government debt to gradually ease over the medium term as stronger nominal GDP growth will offset wider fiscal deficit and higher borrowing costs, despite expecting debt to remain elevated in the near term for Japan.

Meanwhile, China left its benchmark lending rates unchanged for an eighth consecutive month, with the one-year loan prime rate kept at 3% and the five-year loan prime rate kept at 3.5%, Reuters reported. This was in line with estimates, with 22 market participants surveyed by Reuters arriving at the same conclusion.

Following are the levels of key Asian indices at 0753 IST:

(Akshat Saksena)

US$1 = INR 90.98

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.

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.