More Stories

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

---

Equity Alert: Benchmark indices likely to open higher on positive global cues

 

MUMBAI--0902 IST--Benchmark equity indices are likely to open higher Thursday on optimism around the latest global developments. The US President Donald Trump Wednesday said the US will have a good deal with India. Addressing the World Economic Forum at Davos, Switzerland, Trump also ruled out using force to seize Greenland. Asian indices were largely in the green in early trade Thursday and the indices in the US had closed higher Wednesday. 

Trump said he had great respect for Indian Prime Minister Narendra Modi and described him as a close friend, Moneycontrol reported, quoting Trump as saying. "We are going to have a good deal," he said. In his address to the World Economic Forum, Trump said that if the US was denied Greenland, it would "remember" it. 

 

GIFT Nifty contracts suggested a higher opening for the Nifty 50 index. At 0843 IST, the GIFT Nifty's January contract was at 25330 points, over 170 points higher than Nifty 50's close of 25157.50 points on Wednesday. The BSE Sensex closed at 81909.63 points on Wednesday, down over 270 points or 0.3%. "The Nifty 50 is expected to find support at 25050 points and face resistance at 25250 points," Anshul Jain, head of research at Lakshmishree Investment and Securities, said. He expects the market to open higher. 

 

On the earnings front, Dr. Reddy's Laboratories reported a consolidated net profit of INR 12.10 billion, down over 14% on year and a revenue of INR 87.53 billion, up over 4%. The shares closed around 1% lower at INR 1,157.20 on the National Stock Exchange ahead of results. Systematix Shares and Stocks (India) Ltd. maintains 'buy' recommendation with a target price of INR 1,381. Emkay Global Financial Services retained a 'reduce' recommendation on Dr. Reddy's and raised its target price by 9% to INR 1,200.

 

Eternal posted a robust 73% on-year jump in consolidated net profit for the December quarter to INR 1.02 billion. The company's revenue rose over three times on year to INR 163.15 billion. Emkay Global Financial Services expects competitive intensity to increase in the quick commerce business and Eternal to focus more on market share. This will lead to a slower margin expansion and thus the brokerage cut its target price by 14% to INR 370 from INR 430. The stock closed at INR 283.50 on Wednesday. Market participants will keep their focus on the December quarter results of InterGlobe Aviation, scheduled for Thursday.  (Arundathi A R)

---

Equity Alert: Emkay cuts Eternal's target price on FY27, FY28 margin view

 

MUMBAI--0830 IST--Emkay Global Financial Services has cut Eternal's target price by 14% to INR 370 from INR 430 as it expects slower margin expansion for the company in 2026-27 (Apr-Mar) and FY28 amid heightened competition in the quick-commerce business. Blinkit achieved profitability earlier than expected, but at the cost of growth, the brokerage said in a report. It has retained its 'buy' recommendation on the stock.

 

Eternal's December quarter results surprised positively on the profitability front, according to the brokerage. Blinkit reported an adjusted earnings before interest, tax, depreciation, and amortization of INR 40 million, beating the Street estimate of a loss of INR 1.2 billion. However, the platform's growth in net order value fell short of expectations at nearly 14% on quarter, compared to a projection of almost 19% sequential growth. The company's management has said it is willing to sacrifice margins as it is gearing up to face increasing competition in the quick-commerce business. Blinkit's order volume rose 9.3% sequentially, down from the 26% on-year growth in the trailing quarter, leading Emkay to conclude that the company decided to choose profitability over growth in the December quarter.

 

"We believe that during a land-grab phase (in the quick commerce business), companies should prioritise market share over margins to build scale that can be monetised over time," Emkay Global said. The brokerage added that Eternal's results showed that the quick commerce business could be highly profitable at scale and Blinkit's execution remains strong. Eternal will focus more on market share as the number of competitors increases, which will lead to a slower margin expansion in FY27 and FY28. The path to optimal profitability will be slow and volatile for quick commerce players, the brokerage said.

 

The company's growth in net order value for its food delivery business was largely in line with expectations, the brokerage said. Zomato's net order value rose almost 17% on year in the December quarter from growth of nearly 14% in the September quarter, largely on the back of a 21.5% on year increase in monthly transacting users, the brokerage said. Hyperpure reported 4.6% sequential revenue growth and reached adjusted EBITDA break even. The company's ticketing platform District reported 20% sequential revenue growth, with its adjusted EBITDA loss widening to INR 1.21 billion.

 

For the quarter ended December, Eternal reported a consolidated net profit of INR 1.02 billion on revenue of INR 163.15 billion. On Wednesday, shares of the company closed over 5% higher at INR 283.50. (Eshitva Prakash)

---

Equity Alert: Most Asian indices up on optimism over US-NATO deal framework

MUMBAI--0825 IST--Equity indices in Asia were largely higher Thursday, mirroring gains on Wall Street due to positive sentiment over the US and NATO arriving at a framework for a deal over Greenland. South Korea's KOSPI hit a fresh high yet again despite the country's economy contracting in Oct-Dec. Indices in China and Hong Kong fell.

 

US President Donald Trump said he would not be imposing tariffs on European countries and has formed a framework for a future deal with North Atlantic Treaty Organization's Secretary General Mark Rutte. The president had earlier also said he would not be using force to acquire the Arctic island, providing a collective sigh of relief over the chance of possible US military action.

 

South Korea's GDP fell 0.3% in Oct-Dec from the previous quarter on a seasonally adjusted basis, Reuters reported. This fall was against an estimated rise of 0.1%, according to a poll of economists by Reuters. The economy contracted at its steepest pace since the fourth quarter of 2022 following an expansion of 1.3% in the previous quarter. On a yearly basis, the GDP grew 1.5% in the fourth quarter after rising 1.8% in the previous quarter. The country's economy expanded 1% in 2025 compared to 2% growth in 2024. This marks its slowest annual growth rate since 2020. The government expects a growth rate of 1.8% in 2026. The Bank of Korea indicated bringing its current easing cycle to an end after keeping interest rates unchanged, prioritising foreign exchange stability as it was seen as an upside risk for the year's economic growth, Reuters said. The KOSPI, however, led the gains for the session among its regional indices. Shares of Doosan Corp. were up over 9% and those of Samsung Electronics Co. and SK Hynix were up over 4% and 3%, respectively. 

 

Following are the levels of key Asian indices at 0823 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4715.01	(-)0.17
Hang Seng Index	26564.49	(-)0.08
KOSPI	5007.18	1.98
Nikkei 225 Day	53760.85	1.87
TOPIX FIRST SECTION	3621.26	0.88
FTSE Singapore Straits Times	4824.92	0.31
S&P/ASX 200 Index	8833.30	0.57

 

(Akshat Saksena)

---

Equity Alert: US indices end higher; deal framework reached between US, NATO

 

MUMBAI--0741 IST--US equity indices ended higher on Wednesday buoyed by positive sentiment around the framework of a deal over Greenland between US President Donald Trump and the North Atlantic Treaty Organization Secretary General Mark Rutte. Trump also said he would not impose the proposed escalating tariffs on European countries.

 

Trump Wednesday said a framework for a deal had been reached between him and NATO Secretary General Mark Rutte over the Arctic Island. Resultant to the negotiations, the US president said he would not impose the import tariffs on European nations, which were scheduled to begin from Feb. 1, CNBC reported. When asked about the deal, Trump did not disclose much, saying "It's a little bit complex, but we'll explain it down the line," according to CNBC. He did, however, disclose that the framework involves mining rights for the US as well as the 'Golden Dome' missile defence system proposed by his administration.

 

Stocks were already trading higher due to positive sentiment after Trump, in his speech at the World Economic Forum in Davos, said he would not be using force to acquire Greenland. Despite the proclamation of not using force, tensions were still high prior to the agreement as European lawmakers suspended the trade deal between the European Union and the US reached in July.      

 

Advanced Micro Devices rose nearly 8% and NVIDIA was up nearly 3% as investors returned to their preferred stocks. Bank stocks rose after Trump said he would ask the US Congress to implement his proposed credit card cap of 10%, an uncertain prospect seeing the lack of support among lawmakers, according to CNBC. Shares of Citi Group and Capital One Financial Corp. rose around 1?ch.

 

Shares of Netflix fell 2?ter the company announced lacklustre earnings and were also weighed down by a pause in a share buyback to aid in the acquisition of Warner Bros Discovery's studio and streaming business. Shares of energy companies were the highest gainers in the session, led by Halliburton Co., which was up 4%, after its earnings beat estimates, Reuters reported. Shares of Expand Energy Corp. and EQT Corp. were up 4.5% and 6.5%, respectively, after gas prices touched a six-week high due to cold weather.
 

Following are the closing levels of US indices Wednesday:  

 

Index	Level	Change in %
S&P 500	49077.23	1.21
NASDAQ Composite	23224.83	1.18
Dow Jones Industrial Average	6875.62	1.16

 

(Akshat Saksena)

 

US$1 = INR 91.56

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

 

Edited by Vandana Hingorani

 

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.