Global Market Futures (as of 05:50 AM IST)
US Market (Futures)
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Nasdaq: +0.04%
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Dow Jones: +0.08%
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S&P 500: +0.12%
European (Futures)
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Ftse 100: -0.01%
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Cac 40: +0.07%
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Dax : -0.32%
Asian (Live Markets)
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NIKKEI 225: -1.11%
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KOSPI: -0.62%
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ASX 200: -0.46%
Gift Nifty: 25249.50 (-0.02%)
FII and DII Trading Activity January 20, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹2,938.33 crore
DIIs: Net Buy of ₹3,665.69 crore
Commodity Market Updates:
International commodity markets reflected a mixed but resilient tone in the latest session, with notable divergence across asset classes. Gold strengthened to around 4,779.89, while XAU/USD traded near 4,776.02, supported by continued safe-haven demand. Silver advanced modestly to 94.86, and copper edged higher to about 5.83, signalling cautious optimism around industrial activity. In the energy segment, WTI crude oil declined sharply to 59.58, weighed down by demand concerns, whereas Brent crude held firmer at approximately 64.00, indicating relative benchmark stability. Natural gas softened to 3.87, extending its recent weakness. Overall, precious metals outperformed, while energy markets remained volatile amid evolving global macroeconomic and supply-side factors.
Results Today:
Dr Reddys Laboratories, Eternal, Bank of India, Canara HSBC Life Insurance Company, Bajaj Consumer Care, Dalmia Bharat, Epack Prefab Technologies, Hindustan Petroleum Corporation, Jindal Stainless, KEI Industries, PNB Housing Finance, Supreme Industries, Tata Communications, UTI Asset Management Company, and Waaree Energies will release their December quarter earnings today.
Key Quarterly Earnings:
United Spirits - Q3 (Consolidated YoY)
United Spirits delivered a strong Q3 performance with profit rising 24.8% year-on-year to Rs 418 crore, supported by steady operating momentum. Revenue grew 7.6% to Rs 3,694 crore compared with Rs 3,433 crore last year. The board also approved a Rs 3.2 crore investment in Sober through CCPS, increasing its stake from 15% to 25%, signaling continued focus on strategic investments.
EPACK Durable - Q3 (Consolidated YoY)
EPACK Durable reported modest profit growth of 3.2% year-on-year to Rs 2.6 crore in Q3, reflecting stable margins. Revenue, however, showed healthy traction, rising 13.5% to Rs 427.8 crore from Rs 376.8 crore. The strong topline performance indicates improving demand conditions, though profitability growth remained limited due to cost pressures and operating leverage constraints.
Supreme Petrochem - Q3 (Standalone YoY)
Supreme Petrochem posted a weak Q3, with profit plunging 57.7% year-on-year to Rs 30.1 crore. Revenue declined 10% to Rs 1,264.7 crore from Rs 1,405.3 crore, impacted by softer demand and pricing pressures. The sharp contraction in earnings highlights challenging operating conditions in the petrochemical segment during the quarter.
Persistent Systems - Q3 (Consolidated YoY)
Persistent Systems reported a robust Q3, with profit rising 17.8% year-on-year to Rs 439.4 crore and revenue surging 23.4% to Rs 3,778.2 crore. EBIT increased 19.1% to Rs 542.7 crore, though margins slipped slightly to 14.4%. Dollar revenue grew 17.3% to $422.5 million, reflecting strong client demand and deal execution.
IndiaMART InterMESH - Q3 (Consolidated YoY)
IndiaMART delivered an impressive Q3, with profit jumping 55.6% year-on-year to Rs 188.3 crore. Revenue increased 13.4% to Rs 401.6 crore, supported by steady business growth. Other income surged sharply to Rs 135.4 crore from Rs 44.9 crore, significantly boosting overall profitability during the quarter.
Rallis India - Q3 (Consolidated YoY)
Rallis India reported a sharp decline in Q3 profitability, with profit falling 81.8% year-on-year to Rs 2 crore despite revenue growth of 19.3% to Rs 623 crore. Earnings were impacted by an exceptional loss of Rs 35 crore, compared with none last year, which overshadowed healthy topline performance and weighed heavily on net results.
CreditAccess Grameen - Q3 (Consolidated YoY)
CreditAccess Grameen reported a strong turnaround in Q3, posting a profit of Rs 252.1 crore compared with a loss of Rs 99.5 crore last year. Net interest income rose 13% year-on-year to Rs 975.6 crore, reflecting improved asset quality, stable collections, and better operating efficiency across its microfinance portfolio.
Shoppers Stop - Q3 (Consolidated YoY)
Shoppers Stop saw profit decline sharply by 69.1% year-on-year to Rs 16.12 crore in Q3, despite revenue rising 2.6% to Rs 1,415.8 crore. The bottom line was impacted by an exceptional loss of Rs 17.7 crore. Margins remained under pressure amid higher costs and a challenging discretionary consumption environment.
DCM Shriram - Q3 (Consolidated YoY)
DCM Shriram reported a mixed Q3 performance, with profit declining 19% year-on-year to Rs 212.1 crore. Revenue, however, grew a healthy 13.8% to Rs 4,003.3 crore. While topline growth was driven by strong volumes across segments, margin pressures and higher costs weighed on overall profitability.
AU Small Finance Bank - Q3 (YoY)
AU Small Finance Bank posted a solid Q3, with profit rising 26.3% year-on-year to Rs 667.6 crore. Net interest income grew 15.7% to Rs 2,341.3 crore. Asset quality improved marginally, with gross NPA declining to 2.30% and net NPA remaining stable at 0.88% on a quarter-on-quarter basis.
Vikram Solar - Q3 (Consolidated YoY)
Vikram Solar delivered a strong Q3, with profit surging over five-fold to Rs 98.1 crore from Rs 19.02 crore last year. Revenue increased 7.8% to Rs 1,105.9 crore. However, results were impacted by a one-time labour code-related cost of Rs 56 crore, which partially offset operating gains.
Cyient DLM - Q3 (Consolidated YoY)
Cyient DLM reported muted Q3 results, with profit inching up 2.2% year-on-year to Rs 11.2 crore. Revenue, however, declined sharply by 31.7% to Rs 303.3 crore from Rs 444.2 crore, reflecting project execution delays and softer order inflows during the quarter.
Key Corporate & Economy Updates:
Positive:
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Persistent Systems: Reported strong operational performance with Q3 FY26 revenue of $422.5 mn, marking 17.3% YoY growth; Dec-qtr consolidated revenue stood at ₹37.78 bn with net profit of ₹4.39 bn. The board approved an interim dividend of ₹22/share for FY26, reinforcing shareholder returns.
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Pace Digitek: Secured a significant ₹943.5 mn order from BSNL, strengthening its order book and visibility in telecom infrastructure projects.
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Ksolves India: Continued expansion initiatives through strategic partnerships, including a business partner agreement with Gulf Consulting FZ LLE (UAE), aimed at scaling its software services footprint in international markets.
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ePack Durable: Posted steady financials with Dec-qtr consolidated revenue of ₹4.28 bn and net profit of ₹25.9 mn, reflecting operational stability.
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United Spirits: Delivered healthy performance with Q3 revenue from operations of ₹79.28 bn and profit of ₹5.29 bn. The board declared an interim dividend of ₹6/share and approved increasing stake in Sober to 25%, with an additional ₹32 mn investment, signaling portfolio expansion.
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HDFC Bank: RBI approved the re-appointment of Kaizad Bharucha as Deputy Managing Director, ensuring leadership continuity.
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HCLTech: Entered into a strategic partnership with Carahsoft, aimed at expanding its U.S. public-sector technology offerings, particularly in cloud and digital transformation.
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Genus Power Infrastructures: Approved acquisition of 86.49% stake in Newlectric Innovation for ₹252.3 mn, strengthening its smart metering and energy solutions portfolio.
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Dalmia Bharat: Commenced production at its 3.6 MTPA clinkerisation capacity, enhancing cement manufacturing capabilities.
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ACS Technologies: Secured multiple work orders aggregating over ₹473 mn, including contracts from Andhra Pradesh Urban Infrastructure, boosting revenue visibility.
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Delhivery: Launched an AI-enabled autonomous Transportation Management System (TMS) under TransportOne, aimed at automating logistics operations and improving efficiency.
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Omaxe: Received RERA registration for its Omaxe New Ludhiana project, enabling formal sales and execution.
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Supreme Petrochem: Reported Dec-qtr revenue of ₹12.81 bn and net profit of ₹305.7 mn, indicating steady demand conditions.
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Canara Robeco AMC: Posted Dec-qtr revenue of ₹1.1 bn and PAT of ₹527.5 mn, reflecting robust asset management performance.
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JSW Energy: Signed a long-term 1,600 MW Power Purchase Agreement with West Bengal DISCOM, providing revenue certainty and capacity utilization.
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Ramkrishna Forgings: Commenced commercial production at its aluminium forging facility in Jharkhand, diversifying product mix.
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CreditAccess Grameen: Delivered strong results with Dec-qtr revenue of ₹14.9 bn and profit of ₹2.52 bn, reflecting healthy microfinance demand.
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Shoppers Stop: Reported Q3 revenue of ₹14.16 bn and net profit of ₹161.2 mn, indicating improved consumer traction.
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Embassy Developments: Expanded presence into Mumbai, announcing projects with GDV exceeding ₹120 bn, strengthening long-term growth pipeline
Negative:
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Gufic Biosciences: Received a tax demand notice of ₹43.3 mn, which may impact near-term cash flows if contested unsuccessfully.
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Vikas Lifecare: Reported a technical anomaly involving unauthorized content, prompting a comprehensive security review and temporary shutdown of its website.
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Hero MotoCorp: Received a tax demand of ₹49.7 mn, including penalty and interest, which could result in contingent liabilities.
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Auri Grow India: Announced the resignation of Tathagata Sarkar as Managing Director and CFO, creating a leadership gap.
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Rallis India: Reported Dec-qtr revenue of ₹6.23 bn and relatively muted net profit of ₹20 mn, indicating margin pressure.
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Indian Equity Markets: Nifty 50 declined -1.4%, marking the steepest single-day fall in about eight months, reflecting risk-off sentiment.
Neutral / Others
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Power Grid Corporation: Approved multiple proposals for procurement of cold spare transformers and reactors aggregating over ₹9 bn, primarily for network reliability and asset redundancy.
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Imagicaaworld Entertainment: Entered discussions for a JV in Gujarat with Keshav Holiday Resort, with a 180-day exclusivity period granted for negotiations.
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Muthoot Microfin: Approved issuance of secured NCDs aggregating ₹1.5 bn, supporting funding requirements without immediate equity dilution.
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Jet Freight Logistics: Approved issuance of convertible warrants priced at ₹18 per warrant, subject to regulatory approvals.
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Capri Global Capital / TPI India / Active Clothing: Announced intent to consider fund-raising proposals, indicating capital planning initiatives.
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Competition Commission of India: Approved multiple acquisitions and combinations involving Tata Steel, JSW Group, Apollo Hospitals, and Emirates NBD, clearing regulatory overhangs.
Non-Corporate, Unlisted & Foreign / Macro
1) AM Group (Unlisted): Announced plans to invest ~USD 25 bn to establish a GW-scale AI compute infrastructure hub in Greater Noida, with first capacity expected by 2028 and full rollout by 2030; MoU signed with the Uttar Pradesh government.
2) Oil Markets: Crude oil prices rose by about $1 per barrel, supported by a weaker US dollar and improved global growth expectations.
3) RBI / Liquidity: The central bank announced an 8-day variable rate repo auction for ₹500 bn, aimed at managing short-term liquidity.
4) India Macro Data: Government reported Apr-Dec infrastructure output growth of 2.6% YoY, while December output grew 3.7% YoY, indicating moderate recovery.
5) Global Trade: At Davos, EU leadership indicated progress toward a potential India-EU Free Trade Agreement, though negotiations remain ongoing.
6) Bond Markets: India’s 10-year benchmark government bond yield eased to 6.6722%, reflecting softer rate expectations.
Bulk Deals:
Aditya Birla Lifestyle Brands, Aditya Birla Fashion and Retail
Fidelity Blue Chip Growth Fund sold significant stakes in Aditya Birla Lifestyle Brands and Aditya Birla Fashion and Retail, raising over Rs 403 crore through block deals. While it exited partial holdings, Societe Generale - ODI bought a 0.61 percent stake in Aditya Birla Fashion and Retail, signaling selective institutional interest.
P E Analytics
Hornbill Orchid India Fund exited PropEquity by selling its entire 3.86 percent stake for Rs 6.67 crore. The shares were acquired by Samir Jasuja and his mother-in-law Manorama Pawah, who together picked up a 4.24 percent stake, strengthening promoter-level ownership
IPO Listing Today
Mainboard Listing
Amagi Media Labs
SME Listing
GRE Renew Enertech, Indo SMC, Narmadesh Brass Industries
On-going IPO:
Last Date 22-Jan
Shadowfax Technologies Ltd
Digilogic Systems Ltd (BSE SME)
Last Date 30-Jan
Power Finance Corporation Ltd (Debt/NCD)
Upcoming IPO:
(21-Jan to 23-Jan)
KRM Ayurveda Ltd (NSE SME)
Securities Trading Ex-Dividend on January 21, 2026
Angel One Ltd, ICICI Prudential Asset Management Company Ltd,
Securities Trading Ex-Income Distribution (InvIT) on January 21, 2026
Property Share Investment Trust-Propshare Platina
Securities Trading Ex-Income Distribution (RITES) on January 21, 2026
Propshare Titania SM REIT
Securities Trading Ex-Resolution Plan (Suspension) January 21, 2026
Cian Healthcare Ltd
Securities Under F&O Ban on January 21, 2026
SAIL, SAMMAANCAP
Source: WOWNEWS24X7, Moneycontrol, Investing.com
