Equity Alert
Indices recover as heavyweights erase losses; Adani Ent up 5%
This story was originally published at 12:48 IST on 27 January 2026
Register to read our real-time news.Informist, Tuesday, Jan. 27, 2026 Tel +91 (22) 6985-4000
Equity Alert: Indices recover as heavyweights erases losses; Adani Ent up 5%
MUMBAI--1234 IST--Benchmark indices recovered after falling as index heavyweights such as HDFC Bank, ICICI Bank, and Reliance Industries erased losses. Shares of ICICI Bank were 0.5% higher and HDFC Bank and Reliance Industries were up 0.2?ch. The Nifty 50 was also supported by gains in the shares of Adani Enterprises and Axis Bank.
At 1233 IST, the Nifty 50 was at 25097.05 points, up 48.40 points or 0.2% and the BSE Sensex was at 81622.58 points, up 84.88 points or 0.1%.
Indian equity indices were largely volatile since opening due to the expiry of the monthly derivatives contract of the Nifty 50, coupled with corporate earnings that were below expectations, according to Ajit Mishra, senior vice-president of research at Religare Broking. Mishra expects the Nifty 50 to find support at 24900 points and face resistance at 25150 points.
Adani Enterprises and Axis Bank were the top gainers in the 50-stock index, up around 5% each. Shares of Axis Bank hit a 52-week high of INR 1,333.20. Adani Ports and Special Economic Zone rose nearly 3%. Metal companies in the index, JSW Steel, Tata Steel, and Hindalco Industries were up 1-3%. Meanwhile, automobile companies such as Mahindra & Mahindra, Maruti Suzuki India, and Tata Motors Passenger Vehicles were down 1-4%. Mahindra & Mahindra fell nearly 4% to be the worst hit in the Nifty 50 index.
Shares of JSW Steel rose to a one-month high of INR 1,216.50 after the company reported a sharp rise in its December quarter consolidated net profit at INR 21.39 billion. JSW Steel sharply beat analysts' estimate of INR 14.09 billion. The stock was up nearly 3%.
Barring the Nifty Smallcap 50, all the other broader indices were in the red. The Nifty Smallcap 50 rose 0.4%, supported by gains in the stock of Karur Vysya Bank. The stock rose nearly 10% to be among the top gainers in the Nifty 500 index.
Sona BLW Precision Forgings was the top gainer among the Nifty 200 constituents, up nearly 7%. The stock rose after the company's consolidated revenue rose at its fastest pace in 12 quarters. The top line of the company rose 38% on year to INR 12 billion for the December quater.
In contrast, JSW Energy was the worst hit among the Nifty 200 constituents, down nearly 9%, and Onesource Specialty Pharma was the worst hit in the Nifty 500, down over 18%. (Adhithya Aji)
Equity Alert: Tata Consumer rises, Asian Paints down ahead of Q3 earnings
MUMBAI--1209 IST--Shares of Tata Consumer Products were higher ahead of the company's Oct-Dec results scheduled later during the day, while those of Asian Paints were lower. Asian Paints fell 1% to an intraday low of INR 2,675 on NSE, while Tata Consumer rose over 1% to an intraday high of INR 1,171.
Tata Consumer is expected to report a consolidated net profit of INR 4.09 billion for the December quarter, up 44% on year and over 1% sequentially. The company's consolidated top line for the quarter is expected to rise nearly 13% on year and 1% on quarter to INR 50.15 billion. The rise in the company's revenue is expected to be led by the growth in its food portfolio. The company's net profit is expected to rise on higher margins and steady volume growth across its salt and food businesses.
At 1146 IST, shares of the company traded over 1% higher at INR 1,169.50 on NSE. Over 550,000 shares traded on the bourse so far during the session, higher than the nearly 302,000 shares traded till the same time Friday. Out of the 11 brokerage reports on Tata Consumer available with Informist, nine have a 'buy' recommendation with an average target price of INR 1,372 and two have a 'hold' recommendation on the stock.
Asian Paints is expected to report a consolidated net profit of INR 12 billion, up 8% on year. The paints manufacturer is expected to report a 5% on year rise in its top line at INR 90 billion. The Oct-Dec results are expected to be led by moderate demand and revenue growth as weak pricing power continues to limit its value expansion despite a steady traction in volumes. The pricing in the decorative paints market is expected to remain under pressure with the entry of the Birla Opus brand, which has intensified competition in the segment. The company is likely to benefit from benign raw material prices and operational efficiencies, which are expected to, however, be limited by higher advertising and promotional expenses.
At 1157 IST, shares of the company traded nearly 1% lower at INR 2,684.10 on NSE. Over 450,000 shares of the company have been traded on the bourse so far during the session, lower than the over 620,000 shares traded till the same time Friday. Out of 11 brokerage reports on Asian Paints available with Informist, seven have a 'buy' recommendation with an average target price of INR 3,188 on the stock. Out of the remaining four, two have a 'hold' recommendation and the other two have 'sell' recommendation. (Akshat Saksena)
Informist, Tuesday, Jan. 27, 2026 Tel +91 (22) 6985-4000
Equity Alert: Emkay retains 'buy' on Karur Vysya Bk; ups target price by 5%
MUMBAI--1131 IST--Brokerage firm Emkay Global Financial Services has retained its 'buy' recommendation on Karur Vysya Bank after it reported an over-39% on-year rise in its December quarter net profit. The brokerage firm has also raised its target price by 5% to INR 340.
Emkay Global has raised its earnings estimate for 2025–26 (Apr-Mar) by 5% with return on assets at 1.9%, factoring in the strong December quarter beat, the brokerage said. The brokerage expects the 1.9% return on assets to gradually moderate to 1.7% in FY27 and 1.6% in FY28.
The bank's bottom line for the reporting quarter rose over 39% on year to INR 6.90 billion. Its total income rose to INR 33.03 billion, up nearly 12% on year. The lender continued to deliver robust credit growth at 17.3% on year and 4.7% on quarter, driven by strong momentum in the retail, agriculture and micro, small, and medium enterprises segment, the brokerage said in its report. The revival in the corporate book also led the bank to deliver strong credit growth.
At 1130 IST, shares of Karur Vysya Bank were trading over 10% higher at INR 293.20 on NSE. So far, over 25 million shares of the company have changed hands on the exchange, higher than nearly 388,000 shares traded till the same time Friday.
All the five brokerage reports available with Informist on the bank have a 'buy' recommendation with an average target price of INR 299. (Arundathi A R)
Equity Alert: Adani group cos recover slightly after falling Friday
MUMBAI--1105 IST--Shares of several Adani group companies recovered slightly after taking a dive in the previous session. The Adani group companies late Friday said that they were not part of any legal proceedings mentioned in the media reports. This followed media reports that the US Securities and Exchange Commission had sought permission from a US court to issue legal summons to the conglomerate's Chairman Gautam Adani and his nephew and group executive Sagar Adani in an alleged fraud and $265-million bribery case. Markets were closed on Monday on account of Republic Day.
Shares of Adani Enterprises rose almost 5% and were among the top performing stocks of the Nifty 50 index. The stock had fallen 11% on Friday. Adani Ports and Special Economic Zone was up over 3%, slightly recovering from an over-7% slide in the previous session. Adani Energy Solutions, which ended 12% lower Friday, traded over 2% higher. Adani Green Energy was up over 2?ter falling 14.5% in the previous session.
The US Securities and Exchange Commission has been trying to send summons to Gautam Adani and Sagar Adani since 2025, according to Reuters. Twice earlier, the Indian government had rejected the US regulator's request to help serve summons to the Adani group chairman, citing procedural issues, the report said. (Eshitva Prakash)
Equity Alert: Nuvama upgrades UltraTech to 'buy'; raises target price by 3%
MUMBAI--1100 IST--Broking firm Nuvama Institutional Equities has upgraded its recommendation on UltraTech Cement to 'buy' from 'hold' as it rolls forward the company's valuation to the December quarter of 2027-28 (Apr-Mar). The brokerage firm has also raised its target price by over 3% to INR 14,461.
It has revised the company's enterprise value to earnings before interest, tax, depreciation, and amortisation to 20 times from 19 times, considering its sustained market share gains, successful cost reduction, and healthy growth plans, it said in a report. UltraTech Cement Saturday posted a double-digit on-year increase in its consolidated top line and bottom line for the December quarter. The consolidated net profit of the cement manufacturer for Oct-Dec was INR 17.25 billion, up nearly 27% on year and 40% on quarter. Consolidated revenue from operations was INR 218.30 billion, up nearly 23% on year and over 11% on quarter.
At 1048 IST, shares of Ultratech Cement were trading over 2% higher at INR 12,664 on NSE. So far, over 383,000 shares of the company have changed hands on the exchange, higher than nearly 132,000 shares traded till the same time Friday.
Of the 14 brokerage recommendations available with Informist on the company, 11 have a 'buy' recommendation with an average target price of INR 14,502. Of the remaining three, two have a 'hold' recommendation and one has a 'sell' on the stock. (Arundathi A R)
Equity Alert: Indices fall as heavyweights HDFC Bank, ICICI Bank extend loss
MUMBAI--1042 IST--Benchmark indices retreated after rising in the first hour of trade, dragged down by a fall in the shares of index heavyweight banks HDFC Bank and ICICI Bank, which fell around 1?ch.
At 1048 IST, the Nifty 50 was at 25021.95, down 26.70 points or 0.1%, and the BSE Sensex was at 81377.76, down 159.94 points or 0.2%.
Shares of Adani Enterprises and Axis Bank were the top gainers in both the Nifty 50 and Nifty 200 indices. The stocks were up nearly 5% and over 4%, respectively. They were followed by Adani Ports and Special Economic Zone, JSW Steel, Ultratech Cement, and Grasim Industries, which rose 2-4%. Shares of Kotak Mahindra Bank fell to a three-month low of INR 400.50 and continued to be the worst hit on the Nifty 50 index. The stock was down over 4%.
The Nifty Metal continued gaining momentum. The sectoral index was up nearly 2%, with most of the constituents trading with gains. Metal stocks rose after silver hit a fresh high of INR 354,780 per kilogram on the Multi Commodity Exchange. Shares of Hindustan Zinc, Hindustan Copper, Vedanta, National Aluminium Corp., and Jindal Stainless Steel were up 2-4%. Nifty Auto was among the worst hit among sectoral indices, down over 1%. An over 3?ll in shares of Mahindra & Mahindra weighed on the sectoral index.
Shares of JSW Energy were the worst hit in the Nifty 200 index, despite the company reporting a 150% on year growth in its net profit at INR 4.20 billion. The stock was down nearly 8%. Godrej Consumer Products was among the worst hit in the index, down over 5%. The stock of the company fell after the company missed consensus estimates for both the net profit and sales for the December quarter.
Aegis Vopak Terminals was the top gainer among the Nifty 500 constituents, up 10% and SBFC Finance was the worst hit, down nearly 12%. (Adhithya Aji)
Equity Alert: Nuvama ups IndusInd Bank to 'hold'; raises target price by 50%
MUMBAI--1042 IST--Nuvama Institutional Equities has upgraded its recommendation on IndusInd Bank's stock to 'hold' from 'reduce' and raised target price by 50% to INR 900. The brokerage believes that the bank's earnings have bottomed out, which was their rationale behind the upgrade, according to a report. At 1037 IST, shares of the company traded slightly lower at INR 888.75 on the National Stock Exchange.
The bank's net profit for the December quarter fell 89% on year to INR 1.61 billion, below INR 2.45 billion expected by analysts. The bank's performance did improve sequentially, but its bottom line was dragged down by a sharp rise in provisions and a decline in income. The bank's core pre-provision operating profit rose over 12% on quarter but fell 36% on year and beat Nuvama's estimate by 16% due to lower core operating expenditure and higher core net interest margin, the brokerage said. The bank's core net interest margin rose 3 basis points on quarter to 3.35%, with its reported net interest margin improving 20 basis points to 3.52% due to a one-off recovery. The slippages in microfinance institutions and vehicles portfolios remain high, with slippages in the latter rising 2% on quarter, according to the brokerage. The bank's slippage ratio was stable at 2.8%.
The bank's asset quality remains weak due to the high slippage particularly in the commercial vehicle and microfinance institution portfolio, along with high write-off and credit costs of 2.6%, the brokerage said. The bank's loans fell 14% on year and 3% on quarter led by a sequential fall of 10% in the microfinance institution portfolio and 5?ll in its corporate portfolio. The bank is working on a three-year plan 'PACE' to strengthen its franchise in vehicles, corporate, and rural portfolios and deepen its focus on small and medium enterprises. The plan will also work towards deepening the bank's focus on customer centricity and execution efficiencies. The bank wants to achieve a 1% return on assets by the end of 2026-27 (Apr-Mar), and plans to reduce its non-performing loans to 0.6% from 1% led by a decline in slippages. (Akshat Saksena)
Equity Alert: Nirmal Bang upgrades Cipla to 'buy', cuts target price by 6%
MUMBAI--1015 IST--Nirmal Bang Institutional Equities has upgraded its recommendation on Cipla to 'buy' from 'hold', but cut its target price for the stock by 6% to INR 1,551. The pharmaceutical major's stock has corrected almost 10% over the last month, factoring in the near-term earnings pressure and provides a better entry point for investors, Nirmal Bang said in a research report. The brokerage sees a recovery in the company's US business going forward and said that an incremental contribution from launches in the respiratory portfolio from the second half of 2026-27 (Apr-Mar) would be a positive for the company.
On Tuesday, shares of Cipla fell 2.5% to an over one-year low of INR 1,281.70 on the NSE. The pharmaceutical company Friday reported a consolidated net profit of INR 6.76 billion for the December quarter, down 57% on year, significantly lower than Street estimates. The company's revenue for the quarter was largely unchanged on year at INR 70.70 billion, below Street expectations.
Nirmal Bang has scaled down Cipla's target price as near-term earnings are expected to remain under pressure due to the tapering of Lenalidomide sales, higher research and development spending, and disruption in select US products. The brokerage expects Cipla's US business to deliver low single-digit compound annual growth rate of 1–2% in constant currency terms, factoring in slower generic Abraxane ramp-up, Lanreotide supply disruption, and delay in the launch of generic Advair, which will offset traction from core respiratory products such as Albuterol and Brovana. The company's management Friday said there was a need to revise its earlier target of achieving $1 billion of sales in the US market in 2026-27 (Apr-Mar), as the company is facing supply challenges for cancer drug, Lanreotide.
The brokerage expects margin contraction for the company's Lenalidomide drug and estimates a contribution of $50 million in the company's FY26 revenue. This reflects a competitive market, the brokerage said. Elevated research and development expenditure, pricing pressure, and regulatory uncertainty in the US have led to a moderation in near-term earnings expectations, the brokerage added.
However, recent approvals for products such as Nanopaclitaxel and Nilotinib, expected normalisation in Lanreotide supplies, and a strong pipeline in respiratory and complex generics will support a recovery from the second half of 2026-27 (Apr-Mar), according to the report. Nirmal Bang expects earnings before interest, tax, amortisation, and depreciation margin of almost 22% for FY27 on higher research and development expenditure and the impact of lower Revlimid sales. Cipla lowered its FY26 EBITDA margin guidance to 21.00% from 22.75%, as it expects the Lanreotide supply issue to persist in the coming quarter. (Eshitva Prakash)
Equity Alert: Indices open mixed; index heavyweights lend support
MUMBAI--1000 IST--Benchmark indices opened mixed Tuesday, before slipping into the red. However, they later recovered after index heavyweights HDFC Bank and Reliance Industries came off lows. Most metal stocks traded on a positive note, while most automobile stocks fell.
At 0948 IST, the Nifty 50 was at 25158.25 points, up 109.60 points or 0.4% and the BSE Sensex was at 81830.20 points, up 292.50 points or 0.4%.
Adani Enterprises was the top gainer in the Nifty 50, up nearly 5%, followed by Axis Bank which rose over 4%. The bank reported a net profit of INR 64.90 billion for Oct-Dec, up 4% on year and beat the analysts' view of INR 60 billion. The stock was the top gainer in both the Nifty 50 and Nifty 200 indices. It was followed by Adani Ports and Special Economic Zone, which rose over 4%. Ultratech Cement rose nearly 3?ter the company reported a consolidated net profit of INR 17.25 billion for the December quarter, a 27% on-year growth and surpassed analysts' estimate of INR 14.86 billion.
Kotak Mahindra Bank was the worst hit in the Nifty 50, down over 4%. For the December quarter, the bank reported a net profit of INR 34.46 billion, up 4% on year but below the Street's view of INR 34.77 marginally. The bottom line of the bank was weighed down by the impact of new labour codes. Shares of automobile companies such as Mahindra & Mahindra, Maruti Suzuki India, and Tata Motors Passenger Vehicles were down 1-3%. These stocks were the worst hit in the Nifty 50 index.
The Nifty Metal was the top gainer among the sectoral indices. Gains in the stock of Adani Enterprises aided the index. Metal stocks such as JSW Steel, Hindalco Industries, Hindustan Zinc, Vedanta, and Hindustan Copper were up 2-3%. Nifty Media was the worst hit among the sectoral indices, weighed down by a fall in the shares of Sun TV Network, which fell over 5%.
Adani Green Energy was among the top gainers in the Nifty 200 index, up over 4%. Meanwhile, JSW Energy was the worst hit in the index, down over 8%. Karur Vysya Bank was the top gainer among Nifty 500 constituents, up 8%. (Adhithya Aji)
Equity Alert: Motilal Oswal Financial falls 2% ahead of Oct-Dec earnings
MUMBAI--0958 IST--Shares of Motilal Oswal Financial Services fell nearly 2% to an over-eight-month low of INR 736.30 ahead of the company's December quarter earnings, due later in the day. At 0958 IST, shares of the company were trading 0.8% lower at INR 744.90 on the NSE. The stock is down for the seventh straight session.
Emkay Global Financial Services estimates the company's operating profit for the December quarter to be INR 5.59 billion, up nearly 7% on year and flat sequentially. Emkay Global expects Motilal Oswal Financial's net sales for the December quarter at INR 14.93 billion, up nearly 11% on year and over 2% sequentially.
"Motilal Oswal's Asset Management business is expected to deliver strong performance during the quarter, led by strong AUM growth. However, normalised transactional revenues are likely to impact QoQ (quarter-on-quarter) revenue growth in the Wealth Management and Private Wealth Management businesses," Emkay Global said.
Emkay Global has a 'buy' rating on the stock with a target price of INR 1,150. For the September quarter, Motilal Oswal Financial reported an operating profit of INR 5.54 billion and its net sales came in at INR 14.6 billion. Shares of the company are down over 28% since Oct. 30, when it detailed its September quarter earnings. (Nandini Sinha)
Equity Alert: To open higher; seen volatile on monthly expiry of Nifty 50 F&O
MUMBAI--0845 IST--Benchmark equity indices are seen open higher Tuesday amid positive cues from the finalisation of a trade deal with the European Union. Indices are also likely to be volatile due to the expiry of the monthly derivatives contract of the Nifty 50. An overhang of tariff-related uncertainties and intense selling by foreign investors are likely to keep the investors cautious, analysts said. Market participants will keenly focus on the December quarter earnings of Asian Paints and Tata Consumer Products, due later in the day.
The GIFT Nifty contract suggests the Nifty 50 index may open higher on Tuesday. At 0844 IST, the GIFT Nifty's January contract was at 25194.50 points, nearly 146 points higher than the Nifty 50's close of 25048.65 points on Friday. The BSE Sensex closed at 81537.70 points, down 769.67 points or 0.9%. "We might see another volatile trading session as traders will rollover and adjust their derivatives positions on scheduled monthly derivatives expiry for NSE (National Stock Exchange)," Vipin Kumaar, derivatives and technical analyst at Globe Capital Market. He pegged resistance for the Nifty 50 at 25200-25260 points and support at 24900-24800 points.
On the earnings front, UltraTech Cement reported a consolidated net profit of INR 17.25 billion, up nearly 27% on year and 40% on quarter. Its revenue from operations for the reporting quarter was INR 218.30 billion, up nearly 23% on year and more than 11% on quarter.
Kotak Mahindra Bank reported a net profit of INR 34.46 billion, up over 4% on year for the December quarter, slightly missing the Street's estimate. The lender's total income for the reporting quarter was INR 167.41 billion, up over 4% on year.
Axis Bank's net profit for the December quarter rose nearly 3% on year to INR 64.90 billion, beating analysts' estimate by a wide margin. But pressure on the bank's margins capped on-year growth in its bottom line at 3%.
US indices closed higher Monday, with the S&P 500 index and the Nasdaq Composite ending with gains for the fourth straight session. The indices closed higher ahead of the quarterly earnings of major information technology companies Apple, Meta, Microsoft, and Tesla later this week, according to a Reuters report. Investors will also keenly watch out for the Federal Reserve's update on interest rate policy later this week. All Asian indices were higher in early trade Tuesday, with South Korea's KOSPI leading the gains. (Arundathi A R)
Equity Alert: Nuvama upgrades Axis Bank to 'buy', ups target price by 27%,
MUMBAI--0830 IST--Nuvama has raised the target price on the stock of Axis Bank by 27% to INR 1,500 from INR 1,180 along with an upgrade in the recommendation to 'buy' from 'hold'. The brokerage said the sequential growth in the pre-provision operating profit and net interest margin was the highest among its peers for the December quarter.
The bank reported a net profit of INR 64.9 billion for the reporting quarter, up 28% on quarter and beat analysts' view of INR 60 billion. The total income rose 2% on quarter to INR 385 billion. The net interest margin slipped to 3.64% from 3.93% in the previous quarter.
"Axis has outperformed peers on deposit/loan growth over two quarters," Nuvama said. Loans grew better than expected at 4% sequentially and 14% on year, driven by corporate and small and medium enterprises, the brokerage said. The retail segment continued to lag at 1% sequentially. Within the corporate segment, fund-based exposure to power and infrastructure grew sharply, Nuvama added.
Net interest margin fell 9 basis points on quarter due to a higher share of corporate, an earlier rate cut, and lower current accounts and savings accounts, according to Nuvama. The brokerage expects the net interest margin to fall in the March quarter and the pace of decline to be much lower. The bank has been providing for new labour codes since the third quarter in 2020-21 (Apr-Mar) and due to this, the catch-up in provision in the March quarter was at INR 254 million, which is lower than its peers, Nuvama said. The bank already has a cumulative provision of INR 4.3 billion. The staff cost of Axis Bank fell 11% sequentially and 7% on year due to a reduction in headcount and better productivity, the brokerage said.
Friday, shares of Axis Bank ended nearly 3% lower at INR 1,258 on the National Stock Exchange. The bank announced its December quarter results on Monday when the Indian equity indices were closed on account of Republic Day. (Adhithya Aji)
Equity Alert: Indices in Asia higher; KOSPI recovers after US tariff threats
MUMBAI--0824 IST--Equity indices in Asia were higher on Tuesday. South Korea's KOSPI index was trading higher after reversing losses amid threats by US President Donald Trump that he would raise tariffs on the country.
Trump Monday said he would increase tariffs on imported auto, pharmaceutical, and lumber products from South Korea to 25% from 15?cause of the latter's legislature delaying the approval of a trade deal reached between the two countries last summer, CNBC reported. Shares of Hyundai Motor Co. and Kia Corp. fell as much as 4% and 5%, respectively, according to the report. However, shares of the two companies seemed to have come off lows, with Hyundai Moto Corp and Kia Corp. trading around 1-2% lower.
Meanwhile, in Hong Kong, Eastroc Beverage has begun its initial public offering to raise $1.3 billion, the largest listing seen this year in Hong Kong that has already witnessed a dozen companies raise around $4.5 billion, a report by South China Morning Post said. In Japan, markets are prepared for more volatility in bonds as the risk of government intervention in currency markets and the swing in stock prices come amid the start of campaigning for snap elections, according to a report by Bloomberg. Every aspect of debates regarding government spending and tax relief is being dissected after anxiety over government spending provoked a meltdown in bonds, affecting investors, and also threatened to jack up the government's debt servicing bill, the report said.
Following are the levels of key Asian indices at 0820 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4724.95 |
0.38 |
|
Hang Seng Index |
27077.81 |
1.17 |
|
KOSPI |
5028.58 |
1.60 |
|
Nikkei 225 Day |
53017.71 |
0.25 |
|
TOPIX FIRST SECTION |
3555.32 |
0.08 |
|
FTSE Singapore Straits Times |
4906.96 |
0.95 |
|
S&P/ASX 200 Index |
8945.90 |
0.97 |
(Akshat Saksena)
Equity Alert: US indices end higher Mon; Nasdaq, S&P 500 up for 4th session
MUMBAI--0739 IST--Equity indices in the US ended higher on Monday, with the Nasdaq Composite index and the S&P 500 index closing higher for the fourth straight session. Indices in the country continue to monitor political developments as US President Donald Trump uses tariffs to further his geopolitical ambitions on the global stage.
Trump warned Canada that it would have to face 100% tariffs if the country enters into a trade deal with China. "If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A.," he said in a Truth Social post, according to CNBC. Trump also implied that China would use Canada as a way to avoid paying import tariffs. "If Governor Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," he was reported as saying. In response, Canadian Prime Minister Mark Carney said the country had no intention of signing a trade deal with Bejing.
Shares of Intel Corp. ended nearly 6% lower despite beating expectations for the quarter as the company gave a softer guidance for the current quarter. Intel's Finance Chief David Zinsner said the company's soft guidance was partially because the company lacked the supply it needs for seasonal demand, which is likely to improve in the next quarter, according to CNBC. Shares of Jet Blue ended nearly 4% lower amid mass disruptions in flights due to a winter storm in the country, Reuters reported.
Shares of GEO Group and Core Civic, prison operators that have contracts with the US Immigration and Customs Enforcement, fell sharply as US Senate Democrats said they would oppose a funding bill for the Department of Homeland Security. This comes as a fatal shooting of 37-year-old nurse, Alex Pretti, in Minneapolis has escalated a public backlash against Trump's approach towards immigration, Reuters said.
Investors will monitor the US Federal Reserve Bank's meeting, which starts on Tuesday. There's a 96.1% probability of the US central bank keeping interest rates unchanged, according to CME FedWatch. Investors will await cues on the future rate path of the US Federal Reserve. Apple, Meta Platforms, Microsoft, and Tesla are expected to announce their quarterly results later in the week, setting up the test for the rally seen by shares of artifical intelligence companies, Reuters said.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6950.23 |
0.5 |
|
NASDAQ Composite |
23601.36 |
0.43 |
|
Dow Jones Industrial Average |
49412.40 |
0.64 |
(Akshat Saksena)
US$1 = INR 91.82
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.
To read more please subscribe
Share this Story:
