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Informist, Wednesday, Jan. 14, 2026

 

By Arundathi A R

 

MUMBAI – Analysts anticipate domestic benchmark indices to continue to be volatile and within a range in the coming days amid many major events. The verdict by the US Supreme Court due later in the day regarding the legality of the tariffs imposed by the Trump administration is expected to be a major trigger for the Indian equity market. Analysts also expect the December quarter earnings to give the market direction for the near term. The Indian equity market will be closed on Thursday on account of the Municipal Corporation Election in Maharashtra.

 

"Earnings are likely to recover in low double digits in 2026–27 (Apr-Mar)," Sunny Agrawal, head of fundamental equity research at SBICAPS Securities, said. "Valuations of the Nifty 50 are also at comfortable levels," he said.

 

He also sees market sentiment for the next week to largely depend on the corporate results of index heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Analysts expect Reliance Industries to report a moderate year-on-year rise of over 6% in net profit, supported by stable refining margins, even as revenue is seen rising just over 5%. On a quarter-on-quarter basis, its revenue is expected to decline marginally, reflecting softer product prices. ICICI Bank is likely to post a better on-year rise in its net profit for the December quarter and will broadly track the sectoral trend of better credit momentum and slight easing of margin pressure, according to analysts. 

 

On Wednesday, the Nifty 50 ended at 25665.60 points, down 66.70 points, or 0.3%. The BSE Sensex closed at 83382.71 points, down 244.98 points, or 0.3%. Analysts have pegged resistance for the Nifty 50 at 25700 points and support at 25600 points. "Deeper corrections are expected in the index in the coming days," Anshul Jain, head of research at Lakshmishree Investment and Securities, said.

 

IT colossus Infosys posted a consolidated net profit for the reporting quarter that fell nearly 10% sequentially to INR 66.54 billion, after a one-time cost of INR 12.89 billion due to the new labour codes, which came into effect on Nov. 21. The company's net profit missed analysts' estimate of INR 73.75 billion. Its consolidated revenue for the quarter rose a little over 2% sequentially to INR 454.79 billion, beating the Street's view of INR 451.04 billion. Analysts see information technology stocks to remain range-bound in the near term after major players Tata Consultancy Services and HCL Technologies released their December quarter results Tuesday, according to analysts.

 

Broking firm Citi has maintained its 'buy' recommendation on Just Dial and cut its target price by nearly 6% to INR 1,000. The company needs to invest in growth, and meaningful earnings before interest, tax, depreciation, and amortisation growth from hereon will only be driven by operating leverage, CNBC-TV18 reported, citing the brokerage. Shares of the company closed almost 2% lower after gaining for the previous two sessions. 

 

Nuvama Institutional Equities said Vedanta is in the final leg of receiving statutory clearances for demerger into five separately listed companies, which would unlock value. Hence, the brokerage raised the stock's target price over 17% to INR 806. Shares of Vedanta closed 6% higher at 675.75 after it notched a record high of INR 679.45 during the session.

 

Market participants will have their eyes set on the December quarter earnings of Reliance Industries, Tech Mahindra and Wipro, due Friday. ICICI Bank and HDFC Bank will release their December quarter results on Saturday.  End

 

Edited by Deepshikha Bhardwaj

 

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