Stock Market Today: Nifty Off Day's Lows But Closes Below 25,600; RIL, ICICI Bank Major Laggards

Stock Market Today: Nifty Off Day's Lows But Closes Below 25,600; RIL, ICICI Bank Major Laggards

• Nifty closes lower for the day
• Benchmarks outperformed Nifty small cap 250
• Wipro and Reliance Industries are the top losers in Nifty 
• Wipro fell over 8% intraday after its weak Q4 guidance
• Nifty Midcap 150 fell over 0.5% for the day; drag by IDBI Bank and MRPL
• Nifty Smallcap250 fell over 1% for the day; RBL bank and Gujarat Pipavav Port falls the most
• Most sectoral indices close on a mixed note
• Nifty Realty fell over 2% for the day; Godrej Properties and Brigade Enterprises fall the most
• Nifty Midcap 150 snaps 2-day gaining streak
• Nifty Smallcap 250 fall for the 2-day in a row.
• Nifty PSU Bank snaps 5-day losing streak
• Nifty Realty snaps 2-day gaining streak
• Nifty Auto snaps 7-day losing streak
• Nifty Pharma falls for the 7 straight session
• Nifty Metal falls for the 2nd straight session
• Nifty Bank snaps 4-day gaining streak
• Nifty FMCG snaps 3-day losing streak
• Nifty Media falls for the 2nd consecutive session

Stock Market LIVE: Paytm Shares Recover

Shares of Paytm have recovered from their 2.5% intraday lows on strong volume action. 

Stock Market LIVE: IMF Raises GDP Forecast

The International Monetary Fund (IMF) has raised India’s GDP growth forecast for FY26 to 7.3%, marking a 70-basis-point upward revision, citing strong momentum in the third quarter. The IMF also sees India’s growth easing but remaining robust in the medium term, forecasting FY27 GDP growth at 6.4%, up 20 bps, and FY28 growth at 6.4%.

Stock Market LIVE: Hindustan Zinc Gets Buy Call From HSBC

HSBC has upgraded its rating on Hindustan Zinc Ltd., as per its latest note, issuing a 'buy' call scrapping the previous 'hold' and raised its target price to Rs 750 from Rs 520 driven by higher zinc and silver price assumptions and stronger earnings visibility. The brokerage predicts a nearly 18% upside as it believes the stock deserves a higher valuation multiple, supported by its strong balance sheet and a stable-to-improving outlook for LME zinc and silver prices.

Stock Market LIVE: PNB Expects Steady NIM In Q4

Punjab National Bank said it expects its net interest margin to remain at current levels in the fourth quarter, despite the rate cut in December, management said during the post–Q3 earnings press conference. The bank added that it had sanctioned loans worth Rs 3.21 lakh crore between April and December, of which Rs 1.02 lakh crore is yet to be disbursed. PNB also said it plans to open 100 new branches over the next six months as part of its expansion strategy.

Stock Market LIVE: IEX Hearing Begins!

A market heads up! Keep an eye on shares of IEX as APTEL hearing over market coupling begins. 

Q3 Results Live Updates: IRFC Profit Up 10%

IRFC Q3 Highlights (YoY)

• Total income down 0.7% at Rs 6,719 crore (YoY).
• Net profit up 10.5% at Rs 1,802 crore versus Rs 1,631 crore (YoY).
• Board approved a revised working capital policy.

Stock Market LIVE: PNB Shares Plunge

Shares of Punjab National Bank are down over 5% in Monday's trading session after the company reported its Q3 results.

Punjab National Bank Q3 Highlights (YoY)

• NII down 4.5% at Rs 10,533 crore versus Rs 11,032 crore 
• Net profit up 13.1% at Rs 5,100 crore versus Rs 4,508 crore 
•  Gross NPA At 3.19% Vs 3.45% QoQ 
•  Net NPA At 0.32% Vs 0.36% QoQ  

Stock Market LIVE: TIPS Music Reports Q3 Results

TIPS Music Q3 Highlights (YoY)

• Revenue up 21.4% at Rs 94.3 crore versus Rs 77.7 crore 
• EBITDA up 34.1% at Rs 74.5 crore versus Rs 55.5 crore
• EBITDA margin at 79% versus 71.5% 
• Net profit up 32.6% at Rs 58.7 crore versus Rs 44.2 crore 

Stock Market LIVE: Block Deals In HDFC Bank

HDFC Bank saw 5.03 million shares and 2.02 million shares traded in two separate block deals.

Stock Market LIVE: TCS Incorporates Saudi Arm

Tata Consultancy Services said it has incorporated a wholly-owned corporate subsidiary in Saudi Arabia, according to an exchange filing.

Stock Market LIVE: IT Employees Body Files Complaint Against Wipro Over Onboarding Delays

The Information technology employees body—Nascent Information Technology Employees Senate—has submitted a formal complaint to the Union labour ministry against Wipro Ltd., alleging prolonged onboarding delays affecting more than 250 selected fresh graduates across multiple states.

The IT employees body has sought government intervention, saying the candidates remain without joining dates or written communication despite completing all hiring formalities, according to the complaint letter viewed by NDTV Profit on Monday.

Read the whole story here.

Stock Market LIVE: Gold, Silver Price Today

Today, gold is trading at Rs 1,45,520 while silver is at Rs 3,01,020 according to Bullions' website.

Stock Market LIVE: MosChip Delivers SoC To ISRO’s Space Applications Centre

MosChip Technologies said it has delivered a system-on-chip (SoC) to ISRO’s Space Applications Centre (SAC), according to an exchange filing. The company also delivered the SoC for India’s Satellite Navigation Programme, the filing said.

Stock Market LIVE: BHEL Profit More Than Doubles

BHEL Q3 Highlights (Consolidated, YoY)

• Revenue up 16.4% at Rs 8,473 crore versus Rs 7,277 crore.
• EBITDA up 79.3% at Rs 545 crore versus Rs 304 crore.
• EBITDA margin at 6.4% versus 4.2%.
• Net profit at Rs 390 crore versus Rs 135 crore.

For all the action on the Q3 front, follow our sister live blog here.

Stock Market LIVE: Investors May Book Partial Profit From BCCL Listing, Says Expert

"In FY 2025, India produced about 1,048 MMT of raw coal and is projected to grow at a CAGR of 7.6% to reach around 1,514 MMT by FY 2030. This strong growth outlook for the coal sector supports BCCL’s long-term business potential and positions the company to benefit from rising demand from the steel and power industries. Investors who have received allotted shares may book partial profit at listing at premium and can keep rest for long-term. On the other hand, those who did not get shares in IPO may buy when price comes down," said Ravi Singh, Chief Research Officer from Master Capital Services Ltd. 

Stock Market LIVE: Paras Defence Approves Incorporation

Paras Defence and Space Technologies said its board has approved the incorporation of Arm Paras Semiconductors, according to an exchange filing. The arm will focus on setting up advanced heterogeneous packaging capabilities. Paras Defence will hold a 70% stake in Arm Paras Semiconductors.

Stock Market LIVE: Kotak Mahindra Bank Shares In Focus

Shares of Kotak Mahindra Bank are in focus after 1.02 million shares exchanged hands in a block deal on Monday. The stock rose as much as 1.59% to trade at Rs 67.59 apiece in intraday trade.

Stock Market LIVE: Angel One Sees Margin Expansion Ahead As Platform Scales

Angel One said productivity gains from the use of artificial intelligence will play out over the long term, even as the company believes it has built a strong, scalable platform. Management said margins are expected to expand from current levels, with profitability improving further in the broking and distribution businesses going forward. It added that the declining share of F&O revenues is a positive development, as other segments are increasingly contributing to overall performance, and expressed satisfaction with the 34% sequential growth in wealth AUM.

Stock Market LIVE: Markets At Day's Lows

• ICICI Bank drags down Nifty by nearly 80 points
• RIL drags down Nifty by over 60 points
• Most sectoral indices decline in trade
• Sensex falls nearly 600 points
• Nifty Media and Realty fall over 1.3% each
• Nifty PSU Bank and Nifty FMCG hold minor gains

Stock Market LIVE: BCCL Lists At Almost Double The IPO Price

Shares of Bharat Coking Coal Ltd. debuted on the BSE at a 96.57% premium at Rs 45.21 apiece, and on the National Stock Exchange at Rs 45 per share, marking a 95.65% premium to the IPO price of Rs 23.

Here are all the details.

Stock Market LIVE: ICICI Bank Shares Drop 3% After Q3 Profit Slips

Shares of ICICI Bank dropped more than 3%, with the stock trading at Rs 1,370.20 apiece. The stock closed at Rs 1,410.80 on Friday, a day before the lender posted their Q3 earnings. This comes against the backdrop of ICICI Bank's earnings declaration on Saturday.

The bank's consolidated profit for the December quarter declined 2.68% to Rs 12,537.98 crore, hit by an RBI-mandated Rs 1,283-crore provision for agricultural loans wrongly classified as priority sector advances. On a standalone basis, the country's second-largest lender reported an over 4% decline in the October-December profit at Rs 12,883 crore.

Stock Market LIVE: Morgan Stanley On Voltas

• Maintain equal-weight; Cut target price to Rs 1,409 from Rs 1,501
• Cut UCP margin estimates by 45-90 bps for FY26/FY27
• Operating de-leveraging in the near term and rising commodity prices and currency depreciation to weigh on margins
• Estimates revenue fall of 7% in Q3 as against 20% growth estimates earlier owing to high channel inventory

Stock Market LIVE: Wipro Shares Plunge

Shares of the IT major are down around 9% on tepid Q3 results. The stock is trading at Rs 242.5, accounting for a correction of around 9.1% compared to Friday's closing price of Rs 267.45.

Here are all the details.

Stock Market LIVE: Nifty, Sensex Open Lower

At market open, the Nifty 50 and the Sensex were down 0.16% and 0.09% respectively.

Stock Market LIVE: Wipro Receives Bearish Calls

Bank of America (BofA)

• Rating: Retain Underperform
• Target Price: Rs 230
• Key Takeaways:
• Q3 revenue was inline; margins beat estimates
• Noticeable improvement in profitability
• Q4 revenue outlook below expectations
• Higher net new wins, but much of it remains work-in-progress

Jefferies (First Note)

• Rating: Maintain Underperform
• Target Price: Rs 220
• Key Takeaways:
• Revenue and margins broadly in line
• Profit beat estimates
• Harman acquisition provides growth support
• Delayed deal ramp-ups continue to weigh on growth
• Acquisition integration and ramp-ups likely to pressure margins

UBS

• Rating: Maintain Neutral
• Target Price: Raised to Rs 290 from Rs 285
• Key Takeaways:
• Q3 marginally ahead of expectations
• Management reiterated growth as top priority
• Strong traction in BFSI vertical
• Manufacturing momentum improving in Europe
• Capco showing healthy momentum in energy consulting

Nomura

• Rating: Maintain Buy
• Target Price: Cut to Rs 290 from Rs 300
• Key Takeaways:
• Q4 guidance weaker than expected
• Margin execution remains strong
• Deal wins steady despite macro headwinds
• Management aims to keep EBIT margins in a tight band
• FY27–FY28 EPS cut by 3%
• High dividend yield seen as a key support for the stock

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.