Global Market Futures as of 06:00 AM IST
US Market Futures
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Nasdaq: -0.04%
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Dow Jones: +0.06%
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S&P 500: +0.03%
European Futures
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Ftse 100: -0.13%
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Cac 40: -0.17%
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Dax : +0.21%
Asian Live Markets
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Nikkei 225: -0.69%
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KOSPI: -0.97%
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ASX 200: +0.20%
Gift Nifty: 26003.00 (+0.13%)
FII and DII Trading Activity January 8, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹3,367.12 crore
DIIs: Net Buy of ₹3,701.17 crore
Commodity Market Updates:
Gold is trading around 4,480, modestly higher, while international XAU/USD quotes near 4,470 indicate a flat-to-soft bias in spot bullion. Silver is the standout mover, up about 1.4% near 76.2, reflecting continued strength after recent record-level spikes in global prices. Copper is marginally lower, signalling mild risk-off sentiment in base metals.
Energy is firmer, with WTI crude near 58.3 and Brent around 62.7, both rebounding over 0.8–4.5% amid shifting supply expectations. Natural gas edges higher toward 3.42, but remains within a broader bearish structure noted in recent MCX research. Overall, precious metals show mixed cues while energy gains traction early in the session.
Results Today:
Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.
Results on 10th January:
Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.
Key Quarterly Earnings.
Elecon Engineering Company Q3 (Consolidated YoY)
Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore
Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore
Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31
Monthly Sales Volume
SML Mahindra (December YoY)
Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units.
Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units.
Key Corporate & Economy Updates:
Positive
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Bansal Wire Industries Ltd: Tax authority significantly reduced the company’s tax liability from ₹67 mln to ₹4 mln, providing substantial relief and lowering contingent liabilities.
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Morepen Laboratories: Court has granted a stay on the ₹1.18 bln tax demand, easing immediate financial and cash flow pressure on the company.
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BirlaNu Ltd: Telangana High Court rescinded a ₹83.8 mln demand, removing a regulatory overhang.
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AXISCADES Technologies Ltd: Court quashed the tax notice issued to one of its units, reducing litigation risk.
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Suyog Telematics: Company clarified that no adverse order has been passed following a tax authority search, alleviating investor concerns.
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Bharat Electronics Ltd (BEL): Secured a defence-related order worth ₹5.96 bln, strengthening its order book visibility.
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BHEL: Received a large order valued at approximately ₹54 bln, supporting medium-term revenue growth outlook.
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Astra Microwave Products Ltd: Joint venture secured an order worth ₹2.75 bln, reinforcing defence electronics demand momentum.
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Highway Infrastructure Ltd: Bagged an infrastructure project worth ₹3.29 bln, boosting executable order pipeline.
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Rail Vikas Nigam Ltd: Received Letter of Acceptance for a wagon POH workshop project valued at ₹2.01 bln.
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A B Infrabuild Ltd: Secured an order from East Coast Railways worth ₹542.6 mln, enhancing railway sector exposure.
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Saatvik Green Energy Ltd: Won a renewable energy-related order worth ₹208.4 mln, supporting clean energy growth.
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Synoptics Technologies Ltd: Received BSNL order worth approximately ₹78.6 mln, aiding telecom infrastructure revenues.
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Zodiac-JRD-MKJ Ltd: Unit received multiple orders aggregating ₹130 mln, improving near-term execution visibility.
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Univastu India Ltd: Received construction work order from L&T worth ₹125.7 mln, supporting revenue inflows.
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Suntech Infra Solutions Ltd: Secured Mundra Petrochem project worth ₹176.2 mln, strengthening industrial infra portfolio.
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Venus Remedies Ltd: Obtained marketing authorisation in Indonesia for antibiotic combination Ceftazidime + Avibactam, expanding international presence.
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Elecon Engineering Company: Reported strong Dec-quarter performance with consolidated revenue of ₹5.52 bln and net profit of ₹719.9 mln, reflecting healthy operating leverage.
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UGRO Capital: Approved amalgamation of Profectus Capital with UGRO Capital, expected to enhance scale and lending capabilities.
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Fabtech Technologies Cleanrooms Ltd: Approved acquisition of 9.2% stake in Kelvin Air Conditioning for ₹46.5 mln, supporting inorganic growth.
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Total Transport Systems Ltd: Approved acquisition of WSA Shipping (Bombay) for ₹41.3 mln, expanding logistics capabilities.
Negative:
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Eureka Forbes Ltd: Court ordered payment of ₹162.2 mln tax demand, impacting near-term cash outflows.
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Hindustan Unilever: Received tax assessment order with a substantial demand of ₹15.6 bln, which could lead to prolonged litigation.
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Eternal Ltd: Authorities confirmed GST demand of ₹167.2 mln, increasing statutory exposure.
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Sasken Technologies Ltd: Received order confirming ₹178.6 mln tax demand, adding to regulatory risk.
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Waaree Renewable Technologies Ltd: Commercial order value revised downward from ₹12.52 bln to ₹10.4 bln, impacting revenue expectations.
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Delta Corp: Announced discontinuation of operations at its Zuri White Sands Goa resort unit, affecting hospitality segment contribution.
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Ishaan Infrastructures & Shelters Ltd: CFO Ketan Shantilal Sadhu resigned, leading to senior management change
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Hexa Tradex Ltd: Neeraj Kanagat stepped down as CEO and CFO, indicating leadership transition.
Neutral / Others
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Bharat Forge: Signed MoU with Agile Robots for AI-led automation solutions, indicating strategic focus on Industry 4.0.
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Bharat Coking Coal IPO: Anchor investors allocated shares at ₹23 per share; total anchor book size ₹2.73 bln, with participation from LIC and Nippon Life India, indicating stable institutional interest.
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NHPC: Board approved issuance of bonds up to ₹20 bln, aimed at funding capex and refinancing needs.
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Devyani International: Sky Gate completed sale of its entire equity stake in Peanutbutter, simplifying shareholding structure.
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Power Grid Corp: Declared successful bidder under TBCB for a project involving a 400 kV D/C transmission line in Karnataka, expanding regulated asset base.
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Bajaj Finserv: Bajaj Group completed acquisition of Allianz SE’s stake in insurance subsidiaries for ₹213.9 bln, consolidating ownership.
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Zaggle Prepaid Ocean Services Ltd: Entered amendment agreement with AGP City Gas effective Jan 7, 2026, modifying commercial terms.
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Reliance Industries: Awaiting clarity on Venezuelan oil access for non-US buyers and stated it will consider purchases in a compliant manner.
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John Cockerill India Ltd: Payment timeline extended to March 31, 2026, with JC SA granting waiver on €5 mln payment.
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Andhra Cements: Promoter Sagar Cements to sell up to 8.14% stake via OFS at floor price ₹72/share to meet minimum public shareholding.
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Prestige Estates: Group plans to acquire 16.381 acres of land in Chennai, supporting future real estate development pipeline.
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Bata India Ltd: Approved voluntary retirement scheme at Hosur unit as part of cost and workforce optimisation.
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Steelco Gujarat Ltd: Board to consider equity issuance via rights issue to strengthen capital structure.
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Advik Capital Ltd: NCLT directed the company to serve notice within one week as part of ongoing proceedings.
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Gravity (India) Ltd: Appointed Mukesh Mahendrabhai Parmar as Managing Director while accepting resignation of Manoj Kanhiyalal Ramavat.
Non-Corporate, Unlisted & Foreign / Macro
1) SEBI:
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Enabled seamless Digital Signature Certificate functionality for FPIs, improving ease of compliance and onboarding.
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Constituted a working group to develop a technology roadmap for Market Infrastructure Institutions.
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Introduced compliance reporting formats for Specialized Investment Funds to enhance regulatory oversight.
2) RBI:
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Conducted a ₹500 bln 4-day Variable Rate Repo auction under LAF on Jan 9 to manage system liquidity.
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Invited public comments on draft governance amendment directions for Rural and Urban Co-operative Banks (2026).
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India’s money supply (M3) growth stood at 12.1% as of Dec 31, indicating steady liquidity expansion.
3) Bond Market: India’s 10-year benchmark government bond yield closed at 6.6290%, higher than previous close of 6.6105%.
4) Sugar Sector: Indian mills signed export contracts for 180,000 tonnes of sugar so far in the current season, per trade sources.
5) Equity Markets: Indian benchmarks recorded their steepest fall in over four months amid renewed U.S. tariff concerns.
6) NSE (Unlisted): NSE is in discussions with IGX for collaboration on launching an Indian natural gas futures contract.
7) Foreign Stock-Remy Cointreau: Reports suggest improving trend, with the stock moving higher.
8) Defence/Geopolitics: Germany and India are reportedly close to finalising an $8 bln submarine deal (Bloomberg).
9) Policy: Prime Minister Modi held a roundtable with Indian AI start-ups ahead of the India AI Impact Summit.
Bulk Deals:
Maruti Interior Products
Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.
Kross
NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.
On-going IPO:
Last Date 09-Jan
Victory Electric Vehicles International Ltd (NSE SME)
Yajur Fibres Ltd (BSE SME)
Upcoming IPO:
(09-Jan to 13-Jan)
Bharat Coking Coal Ltd
Defrail Technologies Ltd (BSE SME)
(12-Jan to 14-Jan)
Avana Electrosystems Ltd (NSE SME)
Securities Trading Ex-Bonus on January 9, 2026
Antariksh Industries Ltd (1:10)
Securities Trading Ex-Income Distribution on January 9, 2026
Energy Infrastructure Trust
Securities Trading Ex-Right Issue on January 9, 2026
Viram Suvarn Ltd
Securities Under F&O Ban on January 9, 2026
SAIL, SAMMAANCAP
Source: WOWNEWS24X7, Moneycontrol, Investing.com
