Stock Market Today: Sensex, Nifty Extend Gains For Second Day, Tracking Positive Global Cues

• Nifty ended higher.
• Nifty closed above 25,850, up 0.67% on the day.
• Broader markets rose more than the benchmarks.
• Nifty Midcap 150 rose more than 1.5%.
• Nifty Smallcap 250 rose more than 2.5%.
• SBI and Shriram Finance led Nifty gainers.
• SBI rose more than 7.5%; Shriram Finance rose more than 6%.
• Kalyan Jewellers and Godrej Properties led gains in the Nifty Midcap 150.
• Kalyan Jewellers rose more than 14%; Godrej Properties rose more than 6%.
• Shipping Corporation of India and TARIL led gains in the Nifty Smallcap 250.
• Shipping Corporation of India hit the 20% upper limit.
• TARIL rose more than 13%.
• All sector indices ended higher. Nifty IT ended flat.
• Nifty Media led sector gains, up more than 4%.
• Saregama and Sun TV led Nifty Media.
• Saregama rose more than 6%; Sun TV rose more than 5.5%.
• Nifty PSU Bank rose more than 3%. Nifty Realty rose more than 2.5%.
• SBI and Indian Bank led Nifty PSU Bank.
• SBI rose more than 7%; Indian Bank rose more than 3.5%.
• Nifty Media and Nifty Auto ended a two-day losing run.
• Nifty Realty and Nifty Metal posted a second straight day of gains.
• Nifty Pharma ended a three-day losing run.
• Nifty Financial Services rose for a second straight day.
• Nifty Bank, Nifty Oil & Gas and Nifty FMCG rose for a second straight day.

Indian equity benchmarks extended gains for the second consecutive trading session. The BSE Sensex closed more than 450 points higher to settle above 84,000 and the NSE Nifty 50 closed 0.7% higher to end above 25,860.

Long build-up

• Kalyan Jewellers India
• State Bank of India

Short covering

• Kaynes Technology India
• Crompton Greaves Consumer Electricals

Long unwinding

• NHPC
• Delhivery

Short build-up

• REC
• Page Industries

Tata & Sons Chairman N Chandrasekaran has expressed strong optimism about India's expanding trade landscape, saying recent free trade agreements with major global economies open up unprecedented opportunities for both Indian companies and overseas markets.

Speaking to NDTV's Sam Daniel on the sidelines of the Jaguar Land Rover project in Tamil Nadu's Ranipet district, Mr Chandrasekaran said trade agreements with the European Union, the UK, the UAE and the United States would be transformational for Indian industry. “I am extremely positive about the opportunities that lie ahead,” he said, adding that these agreements “open up the world market and open up the Indian market too.”

Read the full story here.

Zydus Lifesciences Q3 Highlights (Consolidated, YoY)

• Revenue up 30.3% at Rs 6,865 crore versus Rs 5,269 crore.
• EBITDA up 30.9% at Rs 1,816 crore versus Rs 1,388 crore.
• EBITDA margin at 26.5% versus 26.3%.
• Net profit up 1.8% at Rs 1,042 crore versus Rs 1,024 crore.
• Company reported a one-time impact of Rs 85 crore due to new labour codes.

Sky Gold Q3 Highlights (Consolidated, YoY)

• Revenue up 77.1% at Rs 1,768 crore versus Rs 998 crore.
• EBITDA at Rs 122 crore versus Rs 57.3 crore.
• EBITDA margin at 6.9% versus 5.7%.
• Net profit at Rs 80.5 crore versus Rs 36.5 crore.

The new income tax rules have rationalised employee perquisites by revising thresholds for tax-free office meals, gifts received from employers, employer-provided educational facilities for employees' family members, and the use of motor vehicles provided by employers. These limits had remained unchanged for decades despite rising incomes and costs. Their revision seeks to align the taxation of salary benefits with current economic conditions and ensure a more accurate computation of taxable income.

Titan Co., Relaxo Footwears Ltd., Bata India Ltd., Tribhovandas Bhimji Zaveri Ltd., and Kalyan Jewellers Ltd. are some of the stocks from the export-facing industries that have good potential as a results of the India-United States trade deal, according to Rahul Arora, chief executive officer of Ashika Institutional Equities. He noted that textiles, jewellery, leather and footwear segments continue to grapple with high working capital requirements and debt-related issues.

However, he sees the jewellery space as a more attractive way to play the theme, citing companies such as Titan, Kalyan Jewellers and TBZ, which have relatively stronger profit-and-loss profiles and healthier cash flows.

Read the full story here:

Man Industries Q3 Highlights (Consolidated, YoY)

• Revenue up 13.4% at Rs 830 crore versus Rs 732 crore.
• EBITDA up 62% at Rs 128 crore versus Rs 78.7 crore.
• EBITDA margin at 15.4% versus 10.8%.
• Net profit up 61.3% at Rs 55 crore versus Rs 34.1 crore.

Shares of Ugro Capital extended declines for the third consecutive trading session and fell as much as 9.7% to Rs 133.76.

Earlier in the day, the company's Founder and Managing Director Shachindra Nath spoke to NDTV Profit; here are the key highlights:

• On total consolidated bases numbers remain strong
• Expect ROAs to move up
• Co completes acquisition of Profectus capital in Q3
• ROA is expected to improve from Q1FY27

Trading volume was nearly 10 times its 20-day average, according to Bloomberg data.

Tata Sons Chairman N Chandrasekaran says:

• In September, the Tamil Nadu chief minister assured support and wanted production to start within 18 months.
• Within 16 months, the Range Rover Evoque became the first vehicle to be symbolically flagged off from the plant.
• Chandrasekaran thanked the Tamil Nadu chief minister.
• The factory will be made the most advanced of all Tata Motors’ JLR plants.
• A three-phase plan targets output of 2.5 to 3 lakh vehicles a year within four years.
• The Tamil Nadu plant now joins the JLR map, alongside facilities in the UK, Austria, China and Brazil.
• Tata has already built a larger presence in Tamil Nadu through TCS, Tata Power, Tata Chemicals, Taj Hotels, electronics and solar cell manufacturing.
• Tata Motors has now joined other Tata companies in Tamil Nadu, adding to the group’s presence in the state.

Source: NSE 

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Alphabet-backed Aye Finance Ltd.'s Rs 1,010-crore initial public offering (IPO) opened for bidding on Monday. The non-financial banking company has fixed a price band of Rs 122-129 per share, valuing Aye Finance at Rs 3,184 crore at the upper end of the band. The issue will close on Feb. 11

Click here to check subscription status, latest GMP and more.

Shares of Tata Steel resumed gains ager Friday's blip. The stock rose as much as 4% to Rs 204.90 after the company announced its Q3 results post Friday's market hours.

Tata Steel Q3 (Cons, QoQ)

• Revenue down 2.9% at Rs 57,002 crore versus Rs 58,689 crore
• EBITDA down 7.8% at Rs 8,200 crore versus Rs 8,896 crore
• EBITDA Margin down 80 bps at 14.4% versus 15.2%
• Net Profit down 13.3% at Rs 2,689 crore versus Rs 3,102 crore

Shares of IFCI advanced for the fifth consecutive trading session and surged as much as 13.2%, the most in over eight months, to Rs 68.13. 

Trading volume was almost quadruple its 20-day average, according to Bloomberg data. The scrip rallied over 17% in five trading sessions.

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• ICICI Lombard reported growth of 16% in January 2026 vs 16% in December 2025
• Go Digit reported 34% growth vs. 22%
• Niva Bupa reported 35% growth vs. 53% 

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Shares of Shipping Corporation of India rose as much as 14% to Rs 252.90. The stock halted its two-day losing streak.

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ALSO READ: SBI Q3 Review: Here's Why Brokerages Are Split On Valuation Expectations Despite Earnings Beat

• Sensex rose 0.5% or over 400 points to 84,008
• Nifty rose 0.52% to 25,817.50

The yield on the 10-year note rose for the second consecutive trading session to trade two basis points higher at 6.76%

The Indian rupee traded a paisa lower at 90.67 during the opening trade against the US dollar.

• Sensex gains nearly 500 points in pre-market trade
• Nifty traded 160 points higher 25,850

The prices of gold and silver marginally rose at the start of this week. The price of silver rose by nearly Rs 3,000 to Rs 2.5 lakh per kg on Monday, while gold rose marginally to Rs 1.55 lakh per 10 grams, according to the India Bullions website. 

Check rates in Delhi, Mumbai, Chennai, and other cities

Brent crude futures dropped 89 cents, or 1.31%, to $67.16 a barrel. US West Texas Intermediate declined 79 cents, or 1.24%, to $62.76 a barrel.

Read the full story here.

Shares of Suzlon will be in focus heading into trade on Monday after Morgan Stanley came out with an important note on the counter, notably downgrading its stance while considerably reducing the target price.

Should you buy, sell or hold on to Suzlon shares? Here's what Morgan Stanley said.

Suzlon Energy Ltd., State Bank of India, Tata Steel Ltd., and Kalyan Jeweller Ltd. are among companies that have drawn commentary from top brokerages on Monday. Analysts have tweaked share price targets and future outlook after some of these companies announced their December quarter results.

Catch all the details here

With market volatility and geopolitical uncertainties continuing to impact stock markets in 2026, Indian investors are increasingly turning to stocks that offer steady income. Dividend-paying stocks often catch the attention of investors, mostly those who look for stable returns amid market volatility.

So far in 2026, market data indicates, top 10 dividend-paying stocks largely belong to heavyweight companies from the metals and mining space.

Here are the top 10 dividend stocks to watch out for this month.

Shares of NBCC (India) will be in focus on Monday after the Supreme Court approved the completion of 16 stalled projects of Supertech by the company. The tentative cost of the project is Rs. 9,445 crore.

PFC said last week that the company acquired 52.6% in REC, to share detailed merger plan when finalised.
 

Kalyan Jewellers Q3 (Cons, YoY)

• Revenue up 42.1% at Rs 10,343 crore versus Rs 7,278 crore
• EBITDA up 74.5% at Rs 750 crore versus Rs 430 crore
• EBITDA Margin up 140 bps at 7.3% versus 5.9%
• Net Profit up 90.3% at Rs 416 crore versus Rs 219 crore

• Supreme Court to hear appeals filed by Meta, WhatsApp for antitrust case.
• Aye Finance IPO and Fractal Analytics IPO open for sale.

Tata Steel Q3 (Cons, QoQ)

• Revenue down 2.9% at Rs 57,002 crore versus Rs 58,689 crore
• EBITDA down 7.8% at Rs 8,200 crore versus Rs 8,896 crore
• EBITDA Margin down 80 bps at 14.4% versus 15.2%
• Net Profit down 13.3% at Rs 2,689 crore versus Rs 3,102 crore

• Asian equities climbed at the open on Monday, tracking Wall Street's strong rebound at the end of a turbulent week. 
• Markets in Japan and South Korea led the advance, with sentiment boosted further in Tokyo after Prime Minister Sanae Takaichi secured a decisive election win. 
• US equity futures also opened higher, extending Friday's momentum, when the S&P 500 rallied nearly 2% on renewed dip‑buying and an improvement in consumer sentiment data. 
• South Korea's Kospi Index — often seen as a benchmark for enthusiasm around artificial intelligence–linked stocks — surged about 4%, outperforming the region, as reported by Bloomberg.

The GIFT Nifty, an early indicator of Nifty's performance in India, rose 0.2% to 25,935.50