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China Trade Balance, India CPI
As of 3:26 p.m., the Dow Jones Industrial Average future and S&P 500 futures were trading 0.38% and 0.93% down, respectively. The Nasdaq 100 future was 1.43% down.
Nifty and Sensex decline for fourth straight session.
Intraday, both Nifty and Sensex had fallen over 1.5% each.
Nifty ends 1.47% or 345.55 points down at 23,085.95. This is the worst-ever start to a year since 2016.
Sensex ends 1.36% or 1,048.90 points lower at 76,330.01.
Broader indices outperformed. Nifty Midcap 100 ended 4.02% lower; Nifty Smallcap 250 closed 4% lower.
Most sectoral indices fell with Nifty realty falling the most.
Axis Bank and TCS were top Nifty gainers.
Adani Enterprises, Trent fell the most.
HPCL on Monday has commissioned its LNG regasification terminal of 5MMTPA at Chhara, Gujarat. The company had set up the terminal for Rs 4,750 crore.
Source: Exchange filing
Afcons Infra on Monday emerged as the lowest bidder for orders worth Rs 4,787.2 crore from the Maharashtra government.
Source: Exchange filing
The NSE Nifty 50 and BSE Sensex continues its decline on Monday. The Nifty 50 was trading 300.15 points or 1.26% down at 23,134.45, and the Sensex was 870.93 points or 1.13% down at 76,507.66.
GR Infrastructure emerges as L-1 bidder for order worth Rs 1,947 crore from Maharashtra government.
Source: Exchange Filing.
ICICI Securities initiated coverage on Sagility India Ltd., with the US health-tech player ticking the right boxes, including steady growth and earnings per share visibility.
The healthcare service provider firm has a payer-led portfolio, which accounted for 89.2% revenue in the second quarter of financial year 2025.
It has initiated coverage with 'add' and a target price of Rs 55. The brokerage sees the 12-month price to earnings at 26 times.
Read full story here.
NBCC on Monday signed an accord with Sarkari Awas Nirman for land development in Lucknow. The company will take possession and planning of 50 acres as phase 1 of the Project worth Rs 3,500 crore.
The share of NTPC fell as much as 4.13% to Rs 80.55 apiece as of 1:06 p.m.
Rupee weakened by 53 paise to a record low of 86.50 against the US Dollar.
It closed at 85.97 on Friday.
Rupee among the worst Asian currencies in trade today.
Crude oil prices rose over 5% since Jan. 9.
Dollar index hovers around two-year high.
Dollar index rose to the highest level since Nov 10, 2022, on Friday.
Rupee fell past the 86 mark in the NDF market on Friday.
Source: Bloomberg
Indraprastha Gas on Monday appointed Sukhmal Kumar Jain as Chairman effective Jan. 14.
Source: Exchange Filing.
Brigade Enterprises on Monday signed a MoU with Technopark to develop World Trade Centre and supporting infrastructure at Thiruvananthapuram. The share of Brigade Enterprises fell as much as 5.14% to Rs 1,089.20 apiece as of 12:49 p.m.
India Vix the volatility index rose over 6% to 15.79 on Monday as the markets continue downward trend.
Union Budget for the upcoming financial year will see provisions for a push to artificial intelligence, people with knowledge of the matter told NDTV Profit.
A special policy package for AI is in the works, the sources said on Monday. The focus will be on AI-skilling schemes along with AI centres, they said.
A fresh Budget allocation could be made towards the policy package, with emphasis on policy measures to safeguard employment, the sources said.
Indian equities continue to trade lower.
Intraday, both Nifty and Sensex declined over 0.70%.
Nifty down 0.88% or 205.50 points at 23,225.
Sensex 0.77% or 605.28 points lower at 76,769.
Broader indices also decline. Nifty Midcap down 2.56%; Nifty Smallcap 2.52% lower.
Most sectoral indices decline, led by Nifty Realty.
Nifty Bank down 0.90%, Nifty IT down 0.59%.
IndusInd Bank, Axis Bank and TCS top Nifty gainers.
Trent, Adani Enterprises, Apollo Hospital and Grasim top Nifty losers.
Over 2.22 million shares of NTPC were traded via a block deal on Monday. The share of NTPC fell as much as 0.28% to Rs 307.45 apiece.
Macquarie is turning cautious on the paints space due to weak demand.
The brokerage acknowledged sustained demand weakness in the paints industry, and cut the earnings per share estimates and target prices across the sector. Weak demand along with uncertain competitive conditions make the brokerage cautious.
Read full story here.
IndusInd Bank Ltd.'s stock rose over 3% on Monday after the bank released the shareholding data for the quarter that ended December 2024.
As per the stock exchanges, the foreign holding limit at the end of December quarter stood at 46.63%, compared to 59.62% at the end of second quarter. Foreign holding stood at 63.49% at the end of March 2024 quarter. The private sector bank has seen its foreign holding decline for the last five quarters from September 2023.
Read full story here.
The Indian rupee may fall past 90 per dollar this year as the monetary authority prepares to ditch the currency’s implicit quasi-peg to the dollar, according to Gavekal Research.
Read full story here.
The NSE Nifty 50 and BSE Sensex were trading off the day's low as of 10:18 a.m. as the Nifty 50 was trading 0.73% down at 23,259.70, and the Sensex was trading 491.85 points down at 76,894.21.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 1.55% and 1.59% lower, respectively.
First kind of capitulation that started on Friday and is continuing. It is to do with uncertainty around budget and regime change in the US.
"It is just a correction," said Manish Sonthalia, Director & CIO at Emkay Investment Managers. Markets needed a reason to correct and uncertainty around budget and regime change in the US are few of the reasons. The markets can go down another 5-7% percent, but not anymore, he told NDTV Profit. He further added that he doesn't see markets sustaining below the 22,000-mark for very long.
At pre-open, the NSE Nifty 50 was trading 236 points or 1.01% lower at 23,195.40. The BSE Sensex was 749.01 points or 0.97% lower at 76,629.90.
The Indian Rupee ended flat at 85.97 on Friday, after trading within a intraday range of 85.86 to 85.97.
The currency is expected to open around 86.11 and is likely to trade in a range of 86 to 86.30 amid broad Dollar Strength, according to India Forex And Asset Management Pvt.
Meanwhile, the 1-year forward yield came off 15 basis points to 2.55% as the Reserve Bank of India conducted buy-sell swaps. On the other hand, the 3-month at-the-money-forward (ATMF) implied volatility rose by 6 basis points to 3.33%.
The US Dollar index is up 0.03% at 109.52.
Euro was up 0.03% at 1.0241.
Pound was down 0.16% at 1.2187.
Yen was up 0.13% at 157.56.
Stocks in the Asia Pacific region began the week cautiously as uncertainties mounted on future rate cuts by the Federal Reserve following the latest US jobs data.
While Japan’s market is closed on Monday for a holiday, South Korea's Kospi was down 17 points or 0.71% at 2,497. Future contracts in Mainland China and Hong Kong pointed to a negative start.
The equity benchmark in China is seeing their worst start to a year since 2016 after falling over 5% in the first seven trading sessions of 2025.
All three main US stock market indices ended lower on Friday, with the Dow Jones Industrial Average closing 696 points lower, or 1.63%. The S&P 500 shed 1.54%. The Nasdaq Composite lost 1.64%.
Brent crude was trading 1.73% higher at $81.14 a barrel. Gold spot was trading 0.17% lower at $2,685.29 an ounce as of 7:36 a.m.
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