Stock Market LIVE: GIFT Nifty Indicates Negative Open, Banking Stocks In Focus

Stock Market LIVE: Brokerages Cut Target Price On RIL As Q3 Misses Mark

Morgan Stanley on RIL
Maintain Overweight; Cut TP to Rs 1,803 from Rs 1,847.
Q3 results were in line but missed on earnings quality, especially in retail.
Weak retail performance is viewed as a clearing event and largely priced in.
Energy and AI-led catalysts outweigh near-term retail volatility.
Positives include new energy execution and refining performance.
Negatives were weaker retail topline growth and higher unallocated costs.

Jefferies on RIL
Maintain Buy; Cut TP to Rs 1,795 from Rs 1,830.
Consolidated EBITDA missed estimates by 5%, led by a retail miss and a spike in unallocated expenses.
Retail EBITDA grew just 2% YoY amid promotions and quick commerce pressure.
Jio performance was in line; IPO awaits government approval.
O2C performance was steady with a constructive refining outlook.
Retail recovery and tariff hikes at Jio remain key triggers.

Macquarie on RIL
Maintain Outperform; TP Rs 1,650.
Retail performance was lacklustre while Jio remained robust.
Higher losses in the ‘Others' segment weighed on results.
Sees downside risk to consensus assumptions of 15% group EPS growth.

Citi on RIL
Maintain Buy; Cut TP to Rs 1,815 from Rs 1,860.
Q3 earnings were below expectations as retail growth moderated.
Jio delivered steady performance with improving ARPU.
Near-term softness could cap upside, though recent correction limits downside.

Stock Market LIVE: Gold And Silver Jump To Record Highs On Greenland Tariff Threats

Gold and silver jumped to record highs as President Donald Trump's intensifying push to take Greenland spurred fears of a damaging trade war between the US and Europe. 

Trump said he would slap tariffs on eight European nations — including France, Germany and the UK — that have opposed his plan to acquire Greenland. The 10% levy will kick in on Feb. 1 and rise to 25% in June. The move supported haven demand for precious metals.

European leaders will hold an emergency meeting in the coming days as they explore possible counter-measures. Member states are discussing several options for how to respond, including imposing retaliatory levies on €93 billion ($108 billion) of US goods, according to people familiar with the talks.

Stock Market LIVE: Gold And Silver Jump To Record Highs On Greenland Tariff Threats

Gold and silver jumped to record highs as President Donald Trump's intensifying push to take Greenland spurred fears of a damaging trade war between the US and Europe. 

Trump said he would slap tariffs on eight European nations — including France, Germany and the UK — that have opposed his plan to acquire Greenland. The 10% levy will kick in on Feb. 1 and rise to 25% in June. The move supported haven demand for precious metals.

European leaders will hold an emergency meeting in the coming days as they explore possible counter-measures. Member states are discussing several options for how to respond, including imposing retaliatory levies on €93 billion ($108 billion) of US goods, according to people familiar with the talks.

Stock Market LIVE: US Market Wrap

U.S. and European stock futures declined while safe-haven assets such as gold gained after President Donald Trump proposed fresh tariffs on eight countries, including Germany and France, in response to their opposition to his plans to acquire Greenland. The dollar weakened against most major currencies.

U.S. equity-index futures slid at the start of Monday's trading, with NASDAQ 100 contracts falling by as much as 1%. European futures were also under pressure, dropping up to 1.2% as renewed tariff concerns weighed on sentiment. The euro, after opening lower, pared losses and moved higher, Bloomberg reported.

Stock Market LIVE: F&O Cues

F&O Cues

• Nifty January futures up 0.12% to 25,749 at a premium of 55 points.

• Maximum Call open interest at 26,000; Maximum Put open interest at 25,500.

• Securities in ban period: SAIL, Samman Capital.

Stocks To Watch Today: RIL, HDFC, ICICI, IDBI, RBL Bank

HDFC Bank

• Gross NPA flat at 1.24% QoQ; Net NPA flat at 0.42% QoQ.
• NII up 6.3% at Rs 32,615 crore YoY.
• Operating Profit up 8% at Rs 27,098 crore YoY.
• Provisions down 18% at Rs 2,838 crore versus Rs 3,501 crore QoQ.
• Net Profit up 11.5% at Rs 18,654 crore versus Rs 16,736 crore YoY.
• Sees incremental impact of Rs 800 crore due to new labour codes.
• Core net interest margin was at 3.35%.

ICICI Bank

• Profit misses estimates; Asset quality steady; Provisions elevated.
• NII up 7.7% at Rs 21,932 crore YoY; NIM flat at 4.30%.
• Operating Profit up 3% at Rs 17,356 crore YoY.
• Provisions at Rs 2,556 crore versus Rs 914 crore QoQ.
• Gross NPA at 1.53% versus 1.58% QoQ; Net NPA at 0.37% versus 0.39% QoQ.
• Net Profit down 4% at Rs 11,318 crore versus Rs 11,792 crore YoY.
• Total advances up 11.5% YoY to Rs 14.66 lakh crore; Deposits up 9.2% YoY to Rs 16.59 lakh crore.

UCO Bank

• Provisions down 10.7% at Rs 525 crore versus Rs 588 crore QoQ.
• Operating Profit up 6% at Rs 1,680 crore YoY.
• Net NPA at 0.36% versus 0.43% QoQ; Gross NPA at 2.41% versus 2.56% QoQ.
• Net Profit up 15.8% at Rs 740 crore YoY.

Yes Bank

• PAT aided by lower provisions; Stable asset quality.
• NII up 11% at Rs 2,466 crore YoY.
• NIM improved 10 bps at 2.6% versus 2.5% QoQ.
• Operating Profit up 14.3% at Rs 1,234 crore YoY.
• Provisions down 95% at Rs 21.9 crore versus Rs 419 crore QoQ.
• Net Profit up 55.4% at Rs 952 crore versus Rs 612 crore YoY.
• CASA Ratio at 34.0% versus 33.7% in Q2FY26.

RBL Bank

• NIM improved 12 bps at 4.63% versus 4.51% QoQ.
• NII up 4.6% at Rs 1,657 crore YoY.
• Operating Profit down 8.4% at Rs 912 crore YoY.
• Net Profit at Rs 214 crore versus Rs 32.6 crore YoY.
• Gross NPA at 1.88% versus 2.32% QoQ.

IDBI Bank

• Net Profit up 1.4% at Rs 1,935 crore YoY.
• Gross NPA at 2.57% versus 2.65% QoQ.
• NII down 24% at Rs 3,210 crore YoY.
• Provision write-back of Rs 542 crore versus Rs 653 crore QoQ.

Punjab and Sind Bank

• NII up 5.1% at Rs 986 crore YoY.
• Gross NPA at 2.60% versus 2.92% QoQ.
• Net Profit up 19.3% at Rs 336 crore YoY.

Stock Market LIVE: GIFT Nifty Indicates Negative Open

The GIFT Nifty is trading at a 0.67% decline at 25,572 as of 7:20 a.m., indicating a negative open for the benchmark Nifty 50.