Good morning readers. The NSE Nifty 50 and BSE Sensex opened lower on Tuesday extending decline for the second day. The Nifty 50 opened 0.02% lower at 25,580.30 and Sensex opened 0.05% down at 83,207.38. However, Nifty fell 0.50% to 25,458.10, while Sensex was down 0.45% to 82,873.79. HDFC Bank and Bajaj Finance lead decline.
HDFC Bank Share Price Update: Large Trade In Stock
Over 2 million shares of HDFC Bank were traded via another block deal on Tuesday. The share of HDFC Bank rose as much as 0.84% to Rs 134.49 apiece.
LTIMindtree Shares In Focus
Shares of LTIMindtree are under immense pressure in trade on Tuesday after the company reported its third-quarter earnings for the ongoing financial year. The stock is currently trading at Rs 6,010, which accounts for a correction of over 6%, compared to Monday's closing price of Rs. 6,407.
Bajaj Electrical Shares In Focus
The stock zoomed 11% higher and is currently trading around 9.3% higher at Rs 461.50 apiece. Over the past one month, performance reflected a decline of 4.07%. The downward trend extended over longer durations, with the stock dropping 31.82% in the last six months, 34.65% over the past year, and 30.86% across a five‑year period.
Of the 17 analysts, tracked by Bloomberg, who have coverage on this stock, seven have a 'buy' call, another seven have a 'hold' view, and three have a 'sell' rating.
Rupee At Record Low
Rupee was near record low on Tuesday as it weakens past 91 per dollar for the first time since Dec. 17, 2025
Aditya Birla Lifestyle Brands Shares In Focus
The shares of Aditya Birla Lifestyle Brands fell as much as 5.03% hitting a fresh all-time low on Tuesday after block deal. It pared gains to trade 2.33% lower at Rs 113.23 apiece, as of 10:16 a.m. This compares to a 0.48% decline in the NSE Nifty 50 Index.
It has fallen 76.42% in the last 12 months and 11.26% year-to-date. Total traded volume so far in the day stood at 0.96 times its 30-day average. The relative strength index was at 65.62.
Aditya Birla Fashion Shares In Focus
The shares of Aditya Birla Fashion fell as much as 8.50% on Tuesday after block deal, lowest level since May 5, 2021. It pared gains to trade 8.50% lower at Rs 65.78 apiece, as of 10:10 a.m. This compares to a 0.40% decline in the NSE Nifty 50 Index.
It has fallen 76.42% in the last 12 months and 13.21% year-to-date. Total traded volume so far in the day stood at 15.38 times its 30-day average. The relative strength index was at 51.73.
Waaree Renewable Shares In Focus
The shares of Waaree Renewable fell as much as 2.01% on Tuesday. This comes despite the company won an order worth Rs 38 crore. The scrip fell as much as 2.01% to Rs 891.30 apiece on Tuesday, lowest level since Jan. 9. It pared gains to trade 1.28% lower at Rs 898 apiece, as of 9:50 a.m. This compares to a 0.49% decline in the NSE Nifty 50 Index.
It has fallen 16.16% in the last 12 months and 7.56% year-to-date. Total traded volume so far in the day stood at 0.34 times its 30-day average. The relative strength index was at 44.34.
Nifty, Sensex Live Updates: Realty, IT Drag
On NSE, 13 of the 15 sectors were in the red. Nifty Realty and Nifty IT lead the decline, while Nifty Metal and Nifty PSU Bank were the only sectors in green.
Broader markets were trading lower, with the NSE Midcap 150 trading 0.80% lower and NSE Smallcap was trading 0.82% higher.
Nifty 50 Live Today: HDFC Bank, Bajaj Finance Drag Most
HDFC Bank, Bajaj Finance, ICICI Bank, Eternal and Bharti Airtel weighed on the Nifty 50 index.
SBI, Hindalco, Tata Steel, UltraTech and HUL added to the Nifty 50 index.
Stock Market Live: Nifty Below 25,600, Sensex Falls Nearly 100 Points
The NSE Nifty 50 and BSE Sensex opened lower on Tuesday extending decline for the second day. The Nifty 50 opened 0.02% lower at 25,580.30 and Sensex opened 0.05% down at 83,207.38. However, minutes after open the Nifty was trading 0.,22% lower and Sensex was also trading over 100 points lower.
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
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Nifty Jan futures is down 0.69% to 25,574.0 at a discount of 11 points.
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Nifty Options 20th Jan Expiry: Maximum Call open interest at 25800 and Maximum Put open interest at 25500.
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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.