Hello, and welcome to NDTV Profit's coverage of stock markets on Friday, Jan. 16, after a holiday on Thursday owing to local elections. Indian equities had ended the previous session in red, extending the fall for the second day on Wednesday.
Stock Market LIVE: HDFC Life Shares In Focus
HDFC Life Insurance Co has 2.41 million shares exchange hands in a block deal. The company's share price is up 1.21% at Rs 734.20 apiece.
Stock Market LIVE: Nifty, Sensex At Day's Highs
The Nifty 50 is currently trading 0.62% higher, while the Sensex is up over 600 points.
Stock Market LIVE: LTIMindtree Bags Rs 3,000-Crore Project
LTIMindtree has secured the “Insight 2.0” project from the Central Board of Direct Taxes (CBDT), marking a major milestone in India’s tax digitisation journey. The project is valued at approximately Rs 3,000 crore, to build an AI-powered program for tax analysis.
Source: Exchange filing
Stock Market LIVE: GAIL Shares In Focus
GAIL India has 4.6 million shares exchange hands in a block deal. The company's share price is up 0.33% at Rs 165.71 apiece.
Stock Market LIVE: Groww Shares Up Over 6%
Shares of Groww-parent Billionbrains Garage Ventures are up over 6% in trade on Friday after Jefferies maintained its ‘buy’ rating on Groww and raised its target price to Rs 195 from Rs 190, citing faster-than-expected traction in the company’s new ventures during the December 2025 quarter.
Jefferies highlighted that new businesses are set to become a key driver of Groww’s future growth, with the company’s product velocity model drawing parallels to Robinhood.
Stock Market LIVE: SEBI Chief Details Equity Raised
"In April to December of FY26, Rs 3.8 lakh crore in equity in first nine months has been raised," said the SEBI Chief at Samvad 2026.
Stock Market LIVE: SEBI Chief Speaks
- Today capital formation is about converting household savings productively
- India is 4th largest country amidst global uncertainty
- Capital markets role has become the engine of capital formation
Source: Tuhin Kanta Pandey at Samvad 2026
Stock Market LIVE: Infosys Shares Surge Over 5%
Shares of Infosys Ltd. surged over 5% on Friday. The surge in the stock price comes after IT services major Infosys on Wednesday reported a 2.2 % decline in consolidated net profit to Rs 6,654 crore in the October-December quarter of FY26. The Bengaluru-headquartered firm had registered a net profit (attributable to owners of the company) of Rs 6,806 crore in the year-ago period.
Stock Market LIVE: CCPA Fines Meta, Amazon, Flipkart, Meesho Rs 10 Lakh Each For Illegal Walkie-Talkie Sales
The Central Consumer Protection Authority (CCPA) has initiated suo motu action against e-commerce platforms for listing and selling unauthorised walkie-talkies in violation of the Consumer Protection Act, 2019 and telecom laws, issuing final orders against eight entities and imposing penalties totalling Rs 44 lakh.
Notices were issued to 13 e-commerce entities -- Chimiya, JioMart, Talk Pro, Meesho, MaskMan Toys, TradeIndia, Antriksh Technologies, Vardaanmart, IndiaMart, Meta Platforms Inc. (Facebook Marketplace), Flipkart, Krishna Mart, and Amazon, following the identification of over 16,970 non-compliant product listings across platforms.
Stock Market LIVE: Kotak Mahindra Bank In Focus
Kotak Mahindra Bank has 1.49 million shares exchange hands in a block deal. The company's share price is up 0.90% at Rs 424.80 apiece.
Stock Market LIVE: L&T Receives Order From Petronet LNG
L&T gets Rs 2,500- Rs 5,000 crore from Petronet LNG for hydrocarbon business, to deliver LNG storage tank at Dahej complex.
Source: Exchange Filing
Stock Market LIVE: Investec On MCX
- Upgrade to 'buy' from 'hold', hike target price to Rs 2,900 from Rs 1,380
- The shovel in a gold rush
- MCX is witnessing an increase in trading activity
- Revenue from options is now the key driver of operating revenues
- Underlying structural drivers remain intact
- Offers significant room for sustained growth
- Expect 27%/32% Rev/EBITDA CAGR over FY26-28
Stock Market LIVE: Meesho Gets Equal-Weight Rating From Morgan Stanley
Morgan Stanley initiates coverage on Meesho with an Equal-Weight (EW) rating and a target price of Rs 169, reflecting a balanced risk-reward profile as the company scales rapidly within India's value-focused e-commerce space. Meesho has emerged as a leading player in low-cost, high-frequency online retail, targeting price-sensitive consumers across Tier‑2 regions, where the competitive intensity remains relatively limited compared to premium e-commerce categories.
The brokerage suggests that Meesho is well‑positioned to remain one of the fastest-growing companies in India's goods retail ecosystem, supported by its asset-light model, strong supply-side aggregation, and consistent improvements in customer retention. Morgan Stanley forecasts a 26% NMV (Net Merchandise Value) CAGR over FY26–28, driven by deeper penetration of fashion, beauty, and personal care, and general merchandise categories.
Stock Market LIVE: Nifty, Sensex Trade Higher; RIL, Shriram Finance Drive Gains
The Nifty 50 opened 0.12% higher, while the Sensex opened 0.35% up.
Stock Market LIVE: Nifty Trades Higher At Pre-Open
At pre-open, the Nifty 50 was trading 0.11% higher.
Stock Market LIVE: Lumax Auto Technologies Sees Arms Merge
Arm Greenfuel Energy merges with arm Lumax Resources, NCLT Chandigarh approves merger of arms.
Source: Exchange Filing
Stock Market LIVE: Morgan Stanley Cuts Cipla Target Price
There could be tough times ahead for Cipla, with Morgan Stanley expecting the pharmaceutical giant to report weak fourth quarter earnings for the financial year ending March 2026. The brokerage firm has also cut the target price for the counter, citing the recent Lanreotide supply disruptions.
Keeping that in mind, Morgan Stanley has maintained an 'underweight' rating on Cipla, while cutting the target price from Rs 1,396 to Rs 1,292. The brokerage firm has also trimmed earnings estimates by 2% for FY26 and 1% for FY27.
Stock Market LIVE: The Price Is Right, Says CLSA On Bajaj Finance
Global brokerage CLSA has reiterated its Outperform rating on Bajaj Finance, arguing that a recent correction has made the risk–reward equation increasingly attractive. In a note titled 'The price is right no.1', CLSA flagged the stock as its top pick among non-banking financial companies (NBFCs), with a target price of Rs 1,200, implying a 27% upside from current levels.
Bajaj Finance shares have corrected about 13% since the company's November results, driven largely by concerns around moderation in loan growth and margin pressures. CLSA believes the market reaction has been excessive and that the current valuation offers a compelling entry point.
Read the whole story here.
Stock Market LIVE: NTPC, Infosys, Biocon In Focus
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NTPC: The company’s arm starts operations at 300 MW part capacity of its Rajasthan solar project, which has a total capacity of 500 MW. Commercial operations began on January 13.
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Infosys: The company completes the merger of its Romania-based step-down arms, In-tech Engineering Services and ProIT SRLRO, on January 14.
- Biocon: The company concludes an equity fundraise of Rs. 4,150 crore via QIP. SBI Mutual Fund and ICICI Prudential Mutual Fund each acquire over 5% stake, while Mirae Asset Mutual Fund also gets over 5% stake.
Stock Market LIVE: F&O Cues Today
• Nifty January futures down by 0.24% to 25,728 at a premium of 63 points.
• Nifty January futures open interest down by 0.09%.
•Nifty Options on Jan 20: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,500.
Securities in ban period: SAIL, Samman Capital
Stock Market LIVE: GIFT Nifty Indicates Muted Open
The GIFT Nifty is trading at a marginal advance at 25,791 as of 07:30 a.m., indicating a muted to positive-biased open for the benchmark Nifty 50.