Global Market Futures (as of 06:00 AM IST)
US Market (Futures)
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Nasdaq: +0.16%
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Dow Jones: +0.06%
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S&P 500: +0.13%
European (Futures)
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Ftse 100: +0.05%
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Cac 40: -0.43%
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Dax : -0.41%
Asian (Live Markets)
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NIKKEI 225: -0.39%
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KOSPI: +0.51%
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ASX 200: +0.19%
Gift Nifty: 25788.50 (+0.01%)
FII and DII Trading Activity January 14, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹4,781.24 crore
DIIs: Net Buy of ₹5,217.28 crore
Commodity Market Updates:
International commodity markets displayed mixed trends in early trading, reflecting selective investor sentiment. Gold slipped to around 4,611.94, while spot XAU/USD traded near 4,608.01, indicating mild profit-taking. Silver declined more sharply to approximately 91.17, under pressure amid broader precious metal weakness. In contrast, copper edged higher to about 5.9988, supported by steady industrial demand expectations. Energy markets were mixed: WTI crude oil rose modestly to around 59.32, suggesting short-term supply support, while Brent crude dropped significantly to nearly 63.87, weighed down by global demand concerns. Natural gas inched up to about 3.148, maintaining a cautious upward bias. Overall, commodity prices reflected consolidation amid ongoing macroeconomic uncertainty.
Results Today:
Reliance Industries, Wipro, Tech Mahindra, Tata Technologies, Bajaj Healthcare, Central Bank of India, Federal Bank, Geojit Financial Services, JB Chemicals & Pharmaceuticals, Jindal Saw, JSW Infrastructure, Kesoram Industries, L&T Finance, Polycab India, Poonawalla Fincorp, Sobha, and Leela Palaces Hotels & Resorts will release their quarterly results today.
Results on January 17
HDFC Bank, ICICI Bank, IDBI Bank, RBL Bank, Yes Bank, UCO Bank, Can Fin Homes, JK Cement, Netweb Technologies India, PNB Gilts, Punjab & Sind Bank, and Rossari Biotech will announce their quarterly earnings on January 17.
Key Quarterly Earnings:
Infosys:
Infosys reported a 2.2% YoY profit drop to ₹6,654 crore, even as revenue rose 8.9% to ₹45,479 crore. EBIT grew 6.4% to ₹9,479 crore, but margins slipped to 20.8%. Dollar revenue increased 3.2% to $5,099 million. Labour code impact stood at ₹1,289 crore. The company raised its FY26 constant currency revenue growth guidance to 3-3.5%, maintaining EBIT margins at 20-22%.
Jio Financial Services:
Jio Financial’s profit declined 8.75% YoY to ₹269 crore, while total income surged 10.7% to ₹901 crore. Pre-provisioning operating profit grew 7% to ₹354 crore, supported by a 4.5x jump in NBFC AUM to ₹19,049 crore, reflecting rapid balance sheet expansion despite profitability pressure.
ICICI Prudential AMC:
ICICI Prudential AMC’s profit surged 45.1% YoY to ₹917 crore on strong revenue growth of 23.5% to ₹1,515 crore. Robust performance and higher AUM boosted margins. The board declared an interim dividend of ₹14.85 per share, underscoring improved profitability and shareholder returns.
HDB Financial Services:
HDB Financial Services posted a 36.3% YoY jump in profit to ₹644 crore, driven by a 22% revenue rise to ₹2,285 crore. Strong growth in disbursements and improved asset quality supported results, continuing its trend of robust operating performance.
L&T Technology Services:
L&T Technology Services saw a 6.1% YoY decline in profit to ₹303 crore despite revenue growth of 10.2% to ₹2,923 crore. EBIT was impacted by a ₹35.4 crore labour code adjustment. Margins remained under pressure amid continued investments in employee costs.
Nuvoco Vistas Corporation:
Nuvoco Vistas swung to a profit of ₹49 crore in Q3 FY26 from a ₹61.4 crore loss a year earlier. Revenue grew 12.1% YoY to ₹2,701 crore, aided by healthy volume and price realizations, reflecting a turnaround in operational performance.
Angel One:
Angel One’s profit dipped 4.5% YoY to ₹269 crore, though revenue rose 5.8% to ₹1,335 crore. The board approved a 1:10 stock split and an interim dividend of ₹23 per share, highlighting continued shareholder-friendly capital allocation despite a modest profit decline.
360 ONE WAM:
360 ONE WAM (formerly IIFL Wealth) reported a 20.3% YoY profit rise to ₹331 crore as revenue surged 33.2% to ₹806 crore. Strong inflows and higher asset management revenue drove earnings growth, underscoring consistent performance momentum.
NELCO:
NELCO slipped into a net loss of ₹1.2 crore in Q3 FY26 from a ₹4.95 crore profit last year, as revenue fell 3% YoY to ₹78.3 crore. The decline reflects weaker project execution and margin pressures in its network services segment.
South Indian Bank:
South Indian Bank’s profit rose 9.5% YoY to ₹374 crore, with net interest income up 1.3% at ₹881 crore. However, provisions increased 21.8% to ₹80.4 crore. Asset quality improved, with gross NPA down to 2.67% and net NPA at 0.45% sequentially, showing stronger balance sheet health.
DB Corp:
DB Corp reported a 19.2% YoY fall in profit to ₹95.5 crore as revenue declined 5.8% to ₹605 crore. Print ad slowdown and higher input costs weighed on margins, reflecting continued pressure on media profitability amid a soft advertising environment.
Swaraj Engines:
Swaraj Engines posted a 31.8% YoY rise in profit to ₹42.1 crore as robust demand lifted revenue by 37% to ₹473 crore. The strong performance reflects higher tractor engine volumes and improved operational efficiency.
Sterling and Wilson Renewable Energy:
Sterling and Wilson Renewables slipped into a ₹2.8 crore loss versus a ₹14.8 crore profit last year, though revenue rose 13.9% to ₹2,092 crore. The loss stemmed from project cost escalations despite better execution and order inflows.
Waaree Renewable Technologies:
Waaree Renewable’s profit more than doubled, soaring 124.7% YoY to ₹120 crore, with revenue surging 136% to ₹851 crore. The board approved setting up an 80 MWac/120 MWp solar park in Buldhana, Maharashtra, reflecting expansion amid strong clean energy demand.
Quarterly Business Updates
Kolte Patil Developers
The Real Estate Developer reported a mixed Q3 performance with new area sales value down 11% to ₹605 crore and sales volume slipping 14% to 0.69 msf. However, realisation rose 4% to ₹8,726 per sq ft, while collections surged 25% year-on-year to ₹709 crore, indicating stronger cash flows despite lower sales volumes.
Key Corporate & Economy Updates:
Positive:
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Zen Technologies: Secured an order worth ₹4.04 bn, strengthening near-term revenue visibility and supporting execution momentum.
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JSW Energy: Locked in supply of turbine generators for the 1,600 MW Salboni plant, a key milestone that de-risks equipment availability and supports project timelines.
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ITCONS E-Solutions: Won a contract worth ₹66.9 mn, adding incremental order book and improving near-term billing potential.
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Patil Automation: Received a purchase order worth ₹66 mn, providing additional revenue pipeline and reinforcing customer traction.
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Sattva Engineering Construction: Bagged an order worth ₹478.5 mn, indicating steady tender wins and improved order book support.
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NTPC: Declared 300 MW of the Bhadla Solar PV project operational, aiding renewable capacity ramp-up and cash flow commencement on commissioned assets.
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Sterling & Wilson Renewable Energy: Upgraded FY26 order inflow guidance to >₹110 bn, reflecting stronger business visibility; additionally reported Q3 revenue ₹20.92 bn and profit ₹260.5 mn, indicating continued execution.
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Kernex Microsystems (India): Received a major order worth ₹24.66 bn from Chittaranjan Locomotive Works, materially boosting order backlog and multi-quarter execution runway.
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Zydus Lifesciences: Received CJSFDA approval for Eltrombopag tablets, supporting portfolio expansion and incremental export opportunity.
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Dr. Reddy’s Laboratories: Announced first-to-market launch of Olopatadine Hydrochloride Ophthalmic Solution (0.7%) in the US, potentially aiding market share gains and US revenue traction.
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CapitaLand India Trust: Secured a second long-term agreement for Tower 2 at its Navi Mumbai data centre campus, improving leasing visibility and stabilizing cashflow outlook.
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Transrail Lighting: Won orders worth ₹5.27 bn, enhancing order book and providing medium-term revenue coverage.
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RailTel: Bagged an order sized ₹886.6 mn, adding to institutional/PSU-led execution pipeline.
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Universal Cables: Approved an agreement with TS Conductor Corp (USA) enabling manufacture of advanced HTLS conductors, which can support product mix upgrade and margin potential.
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ICICI Prudential AMC: Declared interim dividend of ₹14.85/share and posted Q3 revenue ₹15.15 bn with profit ₹9.17 bn, highlighting strong profitability profile.
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Fedbank Financial Services: Posted Q3 total revenue ₹5.55 bn and net profit ₹879.1 mn, signalling steady earnings performance.
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360 ONE WAM: Reported Q3 total revenue ₹11.81 bn and profit ₹3.27 bn, indicating robust profitability.
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Landmark Cars: Reported Q3FY26 revenue up 10.78% YoY to ₹18.49 bn, reflecting growth momentum in topline.
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Nuvoco Vistas: Reported Q3 revenue ₹27.01 bn and PAT ₹490.5 mn, indicating profitable quarter.
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HDFC Life: Indicated momentum in Q3 likely to sustain into Q4; reported 9M VNB margin 24.4%, Q3 net premium income ₹182.42 bn, and Q3 PAT ₹4.21 bn, reflecting healthy operating metrics and profitability.
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Shriram Finance: Shareholders approved key proposals relating to MI-JFG (special rights/issuance/one-time payment), supporting strategic alignment and potential capital/partnership stability.
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Zaggle Prepaid Ocean Services: Entered into an agreement with Jio Credit, which may expand distribution/partner-led growth opportunities.
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Highway Infrastructure: Received letter of acceptance for ₹696.8 mn, converting tender into executable scope subject to standard contracting milestones.
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B.R. Goyal Infrastructure: Received work order valued at ₹604.3 mn, supporting order book; execution timelines/terms awaited.
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HEC Infra Projects: Received work order worth ₹163.5 mn, adding to order pipeline.
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Airfloa Rail Technology: Secured new order worth ₹16.2 mn, incremental business addition.
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Indobell Insulations: Received order worth USD 47,000, a small-ticket order confirming continued project flow.
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Pace Digitek: Secured solar EPC order worth ₹3,757.25 mn, indicating strong inflow and execution pipeline in renewables.
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DLF: NCLT approved scheme of amalgamation involving merger of 16 units, a corporate restructuring/streamlining step.
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Lumax Auto Technologies: NCLT sanctioned scheme between Greenfuel Energy Solutions and Lumax Resources, indicating progress on group restructuring
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South Indian Bank: Reported Q3 metrics-provisions & contingencies ₹804.1 mn, gross NPA 2.67%, interest earned ₹25.17 bn, and net profit as provided-core operating disclosures for the quarter
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Infosys: Management commentary indicated stable macro and healthy large deals pipeline; disclosures included large deal TCV $4.8 bn, FY26 revenue growth guidance ~3.0%–3.5%, and labour-code related charge ₹12.89 bn. Multiple Brokerage Firms raised ADR target price to ranging from $17 to $20 reflecting improved analyst outlook.
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GROWW (AMC): State Street (US) Announced investment in Groww AMC, indicating strategic participation in India’s asset management ecosystem.
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Adani group entities: Moody's revised Outlook to Stable and Baa3 affirmed for Adani Transmission Step-One and Adani Electricity Mumbai; Moody’s also revised Adani Ports outlook to Stable with Baa3 affirmed.
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Shriram Finance: Global Ratings raised to ‘BBB-/IA-3’ for the NBFC on MI-JFG investment, indicating improved perceived credit profile.
Negative:
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Craftsman Automation: Commissioner upheld tax demand and penalty of ₹96.3 mn, creating a financial outflow risk and potential litigation/contingency overhang.
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Delhivery: Unit to appeal tax demand of ₹163.9 mn, indicating an ongoing dispute and potential cashflow/contingent liability risk depending on outcome.
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Valiant Laboratories: Received notice for total tax demand of approx. ₹125.3 mn, which may impact cashflows if the demand is sustained.
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Brainbees Solutions: Customs commissioner issued an order with a demand of ₹21.3 mn, adding regulatory/financial overhang.
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Diligent Media Corporation: Received tax penalty of ₹103.2 mn, which may pressure near-term financials and increase compliance risk focus.
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STL Networks: Adjudicator decision favours All Fiber Solutions and includes claim of €83.5k towards dues payable, implying potential payout/settlement exposure (updates merged).
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Alok Industries: Reported Q3 revenue ₹8.58 bn but net loss ₹2.18 bn, indicating continued earnings pressure and weak profitability.
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L&T Technology Services: Q3 revenue ₹29.24 bn and profit ₹3.03 bn came below IBES estimates (₹30.41 bn revenue; ₹3.38 bn profit), which may weigh on sentiment around near-term performance. The company guided for mid-single-digit overall growth in FY26 and recorded a one-time charge of ₹354 mn related to India’s labour codes, potentially impacting near-term reported profitability.
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Vishnu Prakash R Punglia: Received termination notice from North Western Railway and indicated expected financial impact of ₹88.7 mn, raising execution/contract risk concerns.
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IndiGo: Noted disruptions to some international flights due to sudden Iranian airspace closure, highlighting near-term operational impact from geopolitical airspace restrictions.
Neutral / Others
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PDS: Norwest Industries acquired the remaining stake in JCraft, simplifying ownership structure and potentially improving operational control/strategic flexibility.
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BHEL: Commenced supply for the Vande Bharat Sleeper Train project, supporting execution pipeline and signalling progress on a marquee rail program.
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Kirloskar Ferrous Industries: Resumed operations at Jejuri (from 13 Jan 2026) and Hiriyur (Karnataka) plants, reducing disruption risk and supporting production normalization.
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DB Corp: Declared interim dividend of ₹2/share while reporting quarterly revenue ₹6.05 bn and profit ₹955.09 mn, indicating steady profitability and shareholder payout.
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Swaraj Engines: Reported Q3 revenue ₹4.73 bn and profit ₹421 mn, reflecting stable operational performance.
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Den Networks: Reported Q3 revenue ₹2.51 bn and profit ₹379.9 mn, implying healthy profitability for the quarter.
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Jio Financial Services: Reported Q3 total revenue ₹9.01 bn and profit ₹2.69 bn, indicating stable profitability.
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ZIM Laboratories: Board to consider fund raising via securities issuance, which may support growth/capex but could imply dilution depending on structure.
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Satin Creditcare Network: To consider fund raising via debentures, indicating potential liability-side expansion for growth funding.
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Jet Freight Logistics: To consider fundraising through a securities issue, signalling capital requirement and possible balance sheet strengthening.
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Magnus Steel & Infra: Approved issuance of 45 mn equity shares at ₹10/share, implying equity raise/dilution but potential balance sheet support.
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Angel One: Withdrawing the proposed transfer of securities broking/DP and other businesses in the current form; also approved ₹23/share dividend and 1:10 stock split, alongside Q3 revenue ₹13.35 bn and profit ₹2.69 bn-a mix of corporate action and financial disclosures.
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Indian Hotels Company (IHCL): Approved acquisition of stake in Brij Hospitality with cost ₹2.25 bn and entered agreements with ANK Hotels and Pride Hospitality, signalling inorganic growth and pipeline expansion
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Atul Auto: Acquiring the L5 electric three-wheeler vehicle business from Atul Greentech at cost ₹352.6 mn, indicating portfolio re-alignment toward EV mobility
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Mohite Industries: Approved issuance of NCDs worth ₹1.50 bn, likely for refinancing/working capital/growth uses.
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Uday Jewellery Industries: To consider utilising surplus funds up to ₹100 mn, potentially for investment / expansion or balance sheet optimisation.
Non-Corporate, Unlisted & Foreign / Macro
1) RBI: RBI announced open market purchase of Govt securities worth ₹500 bn on 22 Jan, supporting system liquidity; also invited comments on draft net open position direction amendments.
2) FEDAI: FEDAI given one year to align governance framework with the omnibus SRO framework; RBI reiterated recognition of FEDAI as SRO for authorised dealers.
3) India Macro: December unemployment rate reported at 4.8%, broadly in line with the stated poll expectation.
4) India Trade / External: Updates on India-US and India-EU trade negotiations; December trade prints (exports, imports, trade deficit, services surplus) and commentary on textiles/export resilience.
5) India Markets / SEBI: SEBI chair commentary on minimum 2.5% stake dilution notification and stronger disclosure expectations; NSE settlement application comment on unfair market access case.
6) India Courts: Supreme Court ruled against Tiger Global’s taxation claim on the 2018 Flipkart stake sale, a material legal/tax precedent update.
7) Canada / China: Reported meeting between Canada’s Carney and China’s Li Qiang, a geopolitical/diplomatic development.
8) India Govt (external visit): Scheduled India visit of Presidents of the European Council and European Commission Jan 25–27, 2026, relevant for policy/trade optics.
9) India Rates: India 10-year benchmark govt bond yield ended at 6.6498% vs 6.6277% prior close, indicating modest yield uptick.
10) NYSE Market Data: NYSE order imbalance disclosed for WIT.N, a market microstructure datapoint.
11) Verizon (US): Offering $20 credit to customers impacted by a service outage, a remedial step to manage customer impact and reputational risk.
12) Amphenol (US): Stated total potential consideration under an open offer of approximately US$16.36 mn, a transaction disclosure relevant for investors.
13) ITC Holdings / METC (US): Issued $125 mn Series A notes due 2036 and $125 mn Series B notes due 2046; proceeds intended to repay indebtedness, implying liability refinancing/tenor extension.
14) Tesla (US): Reportedly offering discounts up to ₹200,000 on select Model Y variants in India and facing slower sell-through on initial imported inventory, indicating demand/price-mix sensitivity.
15) Hithium (China): Clarified it has not received formal inquiries/outreach and referenced media reports on technical cooperation with Reliance Industries, signalling a “no confirmation” stance.
16) Minerals Technologies (US): Announced two new satellites in China and one in India, indicating geographic expansion of operational footprint.
17) Fresenius Kabi (Germany): Entered a cell therapy technology agreement with TQ Therapeutics, indicating partnership-led capability expansion.
18) Capricorn Energy (UK): Stifel raised target price to 312p (from 253p), reflecting improved broker outlook.
19) Varaha (India, unlisted): Signed a major offtake agreement with Microsoft for biochar carbon removal in India, supporting long-duration carbon removal demand creation.
20) Air India (India, unlisted): Multiple operational updates-A350 engine incident linked to cargo container ingestion with investigation underway; a Delhi-New York flight returned due to Iranian airspace closure; aircraft grounded for inspection/repairs, potentially impacting select A350 routes; announced deployment of new B787-9 on Mumbai-Frankfurt from 1 Feb 2026; also signed a codeshare agreement with Saudia.
Bulk Deals:
Aavas Financiers:
Small Cap World Fund Inc. exited Aavas Financiers by selling its entire 2.48% stake (19.64 lakh shares) for ₹282.81 crore at ₹1,440 per share. In a matching countertrade, HDFC Mutual Fund acquired 19.5 lakh shares (2.46% stake) for ₹280.87 crore at the same price, making it the new institutional investor in the company.
IndiaMART InterMESH:
Smallcap World Fund divested a 1.04% stake in IndiaMART InterMESH, selling 6.26 lakh shares worth ₹132.17 crore at ₹2,110 apiece. Meanwhile, Nalanda India Equity Fund stepped in, purchasing 11.18 lakh shares (1.86% stake) for ₹236.05 crore, increasing its exposure to the online B2B marketplace operator.
Polycab India:
Motilal Oswal Mutual Fund trimmed its holdings in Polycab India, selling 7.61 lakh shares (0.5% stake) worth ₹559.4 crore at ₹7,350.02 per share. As of September 2025, the fund’s Nifty India Manufacturing ETF still retained a significant 3.85% stake in the electrical goods manufacturer.
On-going IPO:
Last Date 16-Jan
Amagi Media Labs Ltd
GRE Renew Enertech Ltd (BSE SME)
Indo SMC Ltd (BSE SME)
Last Date 19-Jan
Armour Security (India) Ltd (NSE SME)
Upcoming IPO:
(16-Jan to 20-Jan)
Aritas Vinyl Ltd (BSE SME)
(19Jan to 21Jan)
KRM Ayurveda Ltd (NSE SME)
Securities Trading Ex-Dividend on January 16, 2026
HCL Technologies Ltd, Jaro Institute of Technology Management and Research Ltd, NLC India Ltd, TAAL Tech Ltd, Tata Consultancy Services Ltd, Tembo Global Industries Ltd
Securities Trading Ex-Split on January 16, 2026
Best Agrolife Ltd (From Rs.10 to Rs.1)
Securities Trading Ex-Bonus Issue on January 16, 2026
Best Agrolife Ltd (1:2)
Securities Trading Ex-Interest on January 16, 2026
683GS2039 (Government Securities)
Securities Under F&O Ban on January 16, 2026
SAIL, SAMMAANCAP
Source: WOWNEWS24X7, Moneycontrol, Investing.com
