Stock Market Live Updates: Nifty, Sensex Flat In Pre-Open; Ola Electric, Havells Shares In Focus

Stock Market Live Update: Nifty, Sensex Flat In Pre-Open

At pre-open, the NSE Nifty 50 was trading 5.20 points or 0.02% lower at 25,580.30. The BSE Sensex was down 45.68 points at 83,200.50.

Hindustan Zinc Q3 Review

Hindustan Zinc Ltd. delivered a strong third quarter performance, driven by higher silver prices, better volumes and tighter cost control, prompting most brokerages to raise earnings estimates and target prices. However, views diverge on how much of the commodity upside is already priced into the stock.

Read more: Hindustan Zinc Q3 Review: Silver Rally Lifts Earnings, Brokerages Split on Valuation Comfort

Angel One, ICICI Prudential AMC Dividends: Last Day To Buy Shares To Qualify

Shares of Angel One Ltd. and ICICI Prudential Asset Management Company Ltd. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Read more: Angel One, ICICI Prudential AMC Dividends: Last Day To Buy Shares To Qualify — Details Here

Brokerages on Havells India

Citi
Maintain Neutral; TP Rs 1,600.
Growth beat, but margins disappointed.
Lower-than-expected margins in Cables & Wires weighed on EBITDA and PAT.
ECD saw volume growth across categories, excluding fans.
C&W growth is accelerating due to capacity additions.
Margin improvement is critical for re-rating.

UBS
Maintain Buy; TP Rs 1,765.
Strong Q3 earnings led by Cables & Wires.
Consumer demand remains sluggish but recovery expected.
GST and income tax cuts, plus easing inflation to aid demand.
Margins are seen improving from cyclical lows.

Macquarie
Maintain Outperform; TP Rs 1,710.
Revenue surprise offset by margin miss.
Cables & Wires drove both growth and margin disappointment.
Commodity price stability remains key.

Brokerages On LTIMindtree

Macquarie
Maintain Outperform; TP Rs 6,930.
Revenue beat with broad-based growth.
Best-in-class QoQ constant currency growth at 2.4%.
All verticals grew except BFSI.
Sees over 9% YoY USD revenue growth in Q4 FY26E.

Morgan Stanley
Maintain Equal-weight; Hike TP to Rs 6,300 from Rs 5,700.
Top hi-tech client grew in Q3; top BFSI client saw bottoming out in Q4.
Portfolio transition progressing better than peers.
Near-term margins could be a drag.
Balanced risk-reward at current valuations.
New management has established execution credibility.

Citi
Maintain Sell; Cut TP to Rs 5,415 from Rs 5,480.
Headline EBIT slightly ahead; revenues aided by seasonal passthrough.
Exit guidance closer to double-digit growth.
Wage hike impact of ~100 bps each in Q4 and Q1.
Valuation at 31x FY27E is seen as rich versus large-cap peers.

Brokerages On Punjab National Bank

Citi on PNB
Maintain Sell; Hike TP to Rs 115 from Rs 108.
NIM contracted 7 bps QoQ; FY26 NIM guidance trimmed.
Slippages contained below 0.7%; floating provisions created towards ECL.
Management confident of 1% FY26 RoA, aided by recoveries, modest credit cost and flat NIMs.

Kotak Securities on PNB
Maintain Add; Hike TP to Rs 140 from Rs 125.
Margins saw a blip, but overall profitability remains steady.
Earnings growth and RoE are healthy despite ~10 bps QoQ NIM decline.
Slippages low at 70 bps; credit cost elevated due to one-off.

Jefferies on PNB
Maintain Buy; Hike TP to Rs 150 from Rs 145.
Weak margins and ECL provisioning weighed on earnings.
Profit beat estimates on higher other income and lower taxes.
Slippages stable; core credit costs remain benign.
ECL transition impact estimated at 0.8% of loans over five years.

Nifty Today: What F&O Cues Indicate

• Nifty Jan futures is down 0.69% to 25,574.0 at a discount of 11 points.

• Nifty Options 20th Jan Expiry: Maximum Call open interest at 25800 and Maximum Put open interest at 25500.

• Securities in ban period: SAIL, SAMMAANCAP

Dollar Check

The US Dollar index is down 0.01% at 98.860.
Euro was down 0.02% at 1.1644.
Pound was up 0.05% at 1.3422.
Yen was down 0.03% at 158.04.

Stock Market News Live: Global Check

Global markets retreated while gold surged to a fresh record as trade tensions between the US and Europe intensified, sparked by President Donald Trump's renewed push to take control of Greenland.

Asian stocks slid around 0.5%, while S&P 500 futures dropped 1.1%. In Europe, equities posted their sharpest decline since November in the previous session.

US equity futures slid sharply, with S&P 500 futures down nearly 0.9% and Nasdaq 100 futures off 1.1%. In Europe, the Stoxx 600 was on track for its worst session in two months, led lower by losses in luxury and automobile stocks. Gold climbed to a record above $4,670 an ounce, while the dollar weakened about 0.3% as the Swiss franc outperformed. US cash markets were closed for a public holiday, reports Bloomberg.

Stock Market Live Updates: GIFT Nifty Hints At Positive Opening

Good morning readers.

The GIFT Nifty was trading near 25,600 early on Tuesday. The futures contract based on the benchmark Nifty 50 rose 0.16% at 25,608 as of 7:07 a.m. indicating a positive start for the Indian markets. This comes as Asian shares post small gains.

In the previous session on Monday, the benchmark ended in red. The NSE Nifty 50 ended 108.85 points or 0.42% lower at 25,585.50, while the BSE Sensex closed 324.17 points or 0.39% lower at 83,246.18.