India Stocks Outlook
May be volatile in near term; IT cos seen in range
This story was originally published at 18:44 IST on 13 January 2026
Register to read our real-time news.Informist, Tuesday, Jan. 13, 2026
By Arundathi A R
MUMBAI – Analysts see the market being volatile in the near term because of the uncertainty around the India-US trade deal and also because of the several geopolitical issues, the unrest in Iran being the latest. They expect the market to remain volatile for at least the next two trading sessions. Information technology stocks are expected to remain range-bound in the near term after major players Tata Consultancy Services and HCL Technologies released their December quarter results, according to analysts. The outflow from foreign investors is seen continuing until the geopolitical situation stabilises.
"The earnings visibility of the IT sector for the near term is low," said Narendra Solanki, head of fundamental research, investment services, at Anand Rathi Share and Stock Brokers. "The sector will not see much reversal in its growth momentum for the next two quarters." However, from a long-term perspective, he remains bullish on the sector.
Most broking firms retained their recommendation on Tata Consultancy after the company announced its December quarter earnings Monday after market hours. Some raised their target price for the stock. Nuvama Institutional Equities retained its "buy" recommendation on the stock and raised the target price by almost 3% to INR 3,750 on the current attractive valuation. Prabhudas Lilladher also maintained its "buy" recommendation and increased its target price for the stock by 2% to INR 4,040. JM Financial Institutional Securities retained its "buy" recommendation and raised the target price by 1% to INR 3,810.
Nomura Financial Advisory and Securities (India) retained its "neutral" stance on the stock with an unchanged target price of INR 3,300. Emkay Global Financial Services maintained its "add" recommendation with an unchanged target price of INR 3,500.
On Tuesday, the Nifty 50 ended at 25732.30 points, down 57.95 points or 0.2%. The BSE Sensex closed at 83627.69 points, down 250.48 points or 0.3%. Analysts have pegged resistance for the Nifty 50 at 25900–25940 points and support at 25585 points. They see the Nifty 50 offering 12–15% returns in 2026.
Solanki of Anand Rathi expects the performance momentum in the automobile sector, especially for two-wheelers, to continue after the Society of Indian Automobile Manufacturers Tuesday released data for December. According to the data, wholesale automobile sales in December jumped 33% on year to 2.53 million units, driven by a robust increase in domestic despatches. Momentum in demand from export markets also continued.
Banking and financial services companies Bank of Maharashtra and ICICI Prudential Life Insurance Co. announced their December quarter results Tuesday. Bank of Maharashtra's net profit for the quarter rose over 26% on year to INR 17.79 billion. Systematix Institutional Equities had estimated the net profit at INR 16.33 billion. The bank's net interest income was INR 34.22 billion, up more than 16% on year. Systematix had estimated the net interest income at INR 33.89 billion. Meanwhile, ICICI Prudential Life posted an on-year decline in net premium income to INR 118.09 billion for the December quarter, down nearly 4%. Its net profit rose to INR 3.90 billion, up nearly 20% on year.
All eyes will now be on the Oct-Dec results of IT giant Infosys, due Wednesday. The company is expected to report subdued earnings growth in the seasonally weak December quarter due to furloughs and stagnant demand. Lower billing days are also expected to have had an impact on the company's top line, according to broking firms. The monthly oil market report by the Organization of the Petroleum Exporting Countries will also be in focus. End
Edited by Rajeev Pai
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. 2026. All rights reserved.
To read more please subscribe
Share this Story:
