Good Morning!
The GIFT Nifty is trading near 25,364, indicating a positive open for the benchmark Nifty 50. US and European index futures are trading lower during Asian trading hours.
S&P 500 futures trade 0.55% higher
Euro Stoxx 50 futures trade 1.22% higher
The benchmark indices ended a volatile session in the green, snapping their three-day losing streak. Nifty had risen above the 25,400 levels but closed near 25,300. Intraday, both Nifty and Sensex rose nearly 1%. Nifty ended 0.53% higher at 25,289.9, whereas the Sensex ended 0.49% higher at 82,307.37.
Broader indices, on the other hand, ended in the negative. Nifty Midcap 150 ended 2.49% lower and Nifty Smallcap 250 closed 2.68% lower. Most sectoral indices rose with Nifty Defence and Nifty Media leading the advance, and Nifty Realty was the only sector in red. The market breadth was skewed in the favour of buyers, as 1,268 stocks declined, 2,962 advanced and 162 remained unchanged on the BSE.
Earnings In Focus
Adani Green Energy, Atul, Bharat Petroleum Corporation, Cipla, DCB Bank, Gandhar Oil Refinery (India), Godrej Consumer Products, Granules India, India Cements, IndusInd Bank, Innova Captab, JSW Energy, JSW Steel, Kirloskar Pneumatic Company, Laurus Labs, Multi Commodity Exchange of India, Nuvama Wealth Management, Paras Defence and Space Technologies, Prime Focus, Piramal Finance, SG Mart, Shriram Finance, Sona BLW Precision Forgings, Sterlite Technologies, Stylam Industries, Urban Company, Welspun Specialty Solutions.
US Market Wrap
Emerging-market assets broadly rallied Thursday as traders welcomed signs of easing trade tensions between the US and Europe. Investors are pouring cash into emerging-market funds at a record pace as momentum builds for a rotation out of US assets, weakening the dollar. The dollar held its losses after falling the most in a month during the US session, reports Bloomberg.
Asian Market Wrap
Asian equities followed Wall Street higher on Friday after upbeat US economic data and easing geopolitical tensions buoyed investor sentiment. MSCI's regional stocks gauge rose 0.2% after the US benchmarks advanced for a second consecutive day. Japan's Topix rose 0.2, reports Bloomberg.
Commodities Check
Gold prices soared to a record high near $5,000 an ounce, driven by geopolitical tensions and concerns over the Federal Reserve's independence. This rally is fueled by a shift away from currencies and bonds. Gold reached an all-time high above $4,960 in early trading, with a weekly gain of over 7%. Silver also hit a record price, rising 0.7% to $96.91, while platinum and palladium prices increased, reports Bloomberg.
Key Events To Watch
- Prime Minister Narendra Modi will visit Kerala to launch various developmental projects.
Earnings post market
Adani Energy Q3 FY26 (Cons, QoQ)
Revenue up 2% at Rs 6,730 crore versus Rs 6,596 crore
EBITDA up 2% at Rs 2,336 crore versus Rs 2,289 crore
Margin flat at 34.7%
Profit up 3.4% at Rs 552 crore versus Rs 534 crore
InterGlobe Aviation Q3 FY26 (Cons, YoY)
Revenue up 6.2% at Rs 23,472 crore versus Rs 22,111 crore
Profit down 77.5% at Rs 550 crore versus Rs 2,449 crore
Q4 FY26 capacity growth seen at 10% YoY
Bandhan Bank Q3 FY26 (YoY)
NII down 4% at Rs 2,688 crore versus Rs 2,814 crore
Operating Profit down 28.5% at Rs 1,445 crore versus Rs 2,021 crore
Provisions down 16.1% at Rs 1,155 crore versus Rs 1,376 crore
Net Profit down 51.8% at Rs 206 crore versus Rs 426 crore
Gross NPA at 3.33% versus 5.02% (QoQ)
Net NPA at 0.99% versus 1.37% (QoQ)
Mphasis Q3 FY26 (Cons, QoQ)
Revenue up 2.6% at Rs 4,003 crore versus Rs 3,902 crore
EBIT up 2.2% at Rs 609 crore versus Rs 596 crore
EBIT margin at 15.2% versus 15.3%
Net Profit down 5.7% at Rs 442 crore versus Rs 469 crore
Cyient Q3 FY26 (Cons, QoQ)
Revenue up 3.8% at Rs 1,849 crore versus Rs 1,781 crore
EBIT up 14% at Rs 167 crore versus Rs 147 crore
EBIT margin at 9% versus 8.2%
Net Profit down 28% at Rs 91.8 crore versus Rs 128 crore
Ixigo Q3 FY26 (Cons, YoY)
Revenue up 31.3% at Rs 318 crore versus Rs 242 crore
EBITDA up 23.4% at Rs 26.4 crore versus Rs 21.4 crore
Margin at 8.3% versus 8.9%
Net Profit up 56.8% at Rs 24.3 crore versus Rs 15.5 crore
Home First Finance Q3 FY26 (YoY)
Calculated NII up 44% at Rs 235 crore versus Rs 163 crore
Net Profit up 43.9% at Rs 140 crore versus Rs 97.4 crore
Bluestone Jewellery Q3 FY26 (Cons, YoY)
Revenue up 27.5% at Rs 749 crore versus Rs 587 crore
EBITDA at Rs 166 crore versus Rs 50 crore
Margin at 22.21% versus 8.51%
Net Profit at Rs 69.1 crore versus loss of Rs 26.9 crore
Borana Weaves Q3 FY26 (YoY)
Revenue up 42% at Rs 111 crore versus Rs 78.4 crore
EBITDA up 50.1% at Rs 27.1 crore versus Rs 17.9 crore
Margin at 24.3% versus 22.9%
Net Profit up 64.5% at Rs 18.7 crore versus Rs 11.4 crore
Adani Total Gas Q3 FY26 (Cons, YoY)
Revenue up 17% at Rs 1,639 crore versus Rs 1,401 crore
EBITDA up 15.3% at Rs 305 crore versus Rs 265 crore
Margin at 18.6% versus 18.9%
Profit up 11.4% at Rs 159 crore versus Rs 142 crore
DLF Q3 FY26 (Cons, YoY)
Revenue up 32.2% at Rs 2,020 crore versus Rs 1,529 crore
EBITDA down 2.5% at Rs 390 crore versus Rs 400 crore
Margin at 19.3% versus 26.2%
Profit up 13.7% at Rs 1,203 crore versus Rs 1,059 crore
GSPL Q3 FY26 (Cons, QoQ)
Revenue down 3.1% at Rs 3,885 crore versus Rs 4,008 crore
EBITDA down 1.2% at Rs 613 crore versus Rs 621 crore
Margin at 15.8% versus 15.5%
Profit down 1.5% at Rs 257 crore versus Rs 261 crore
Go Digit Q3 FY26 (YoY)
Total Income up 5.3% at Rs 2,498 crore versus Rs 2,372 crore
Net Profit up 18.2% at Rs 140 crore versus Rs 119 crore
Syngene International Q3 FY26 (Cons, YoY)
Revenue down 2.8% at Rs 917 crore versus Rs 944 crore
EBITDA down 26.2% at Rs 209 crore versus Rs 284 crore
Margin at 22.8% versus 30.1%
Net Profit down 88.6% at Rs 15 crore versus Rs 131.1 crore
One‑time loss of Rs 70.6 crore in Q3 due to new labour codes
Premier Energies Q3 FY26 (Cons, YoY)
Revenue up 13% at Rs 1,936 crore versus Rs 1,713 crore
EBITDA up 15.5% at Rs 593 crore versus Rs 513 crore
Margin at 30.6% versus 30%
Profit up 53.5% at Rs 392 crore versus Rs 255 crore
Tanla Platforms Q3 FY26 (Cons, QoQ)
Revenue up 3.94% at Rs 1,121 crore versus Rs 1,078 crore
EBITDA up 4.1% at Rs 1,155 crore versus Rs 1,109 crore
Margin at 103% versus 102.9%
Net Profit up 5.1% at Rs 131 crore versus Rs 125 crore
IdeaForge Technology Q3 FY26 (Cons, YoY)
Revenue up 79% at Rs 31.5 crore versus Rs 17.6 crore
EBITDA loss at Rs 26.5 crore versus loss of Rs 17.5 crore
Net Loss at Rs 33.9 crore versus loss of Rs 24 crore
Zensar Technologies Q3 FY26 (Cons, QoQ)
Revenue up 0.7% at Rs 1,431 crore versus Rs 1,421 crore
EBIT up 17.9% at Rs 230 crore versus Rs 195 crore
Margin at 16% versus 13.7%
Profit up 9.7% at Rs 200 crore versus Rs 182 crore
To pay interim dividend of Rs 2.4/share
Cigniti Technologies Q3 FY26 (Cons, QoQ)
Revenue up 2.1% at Rs 579 crore versus Rs 567 crore
EBIT up 9.4% at Rs 99 crore versus Rs 90.5 crore
Margin at 17.1% versus 16%
Profit down 2.8% at Rs 80.3 crore versus Rs 82.6 crore
Stocks In News
Sequent Scientific:The company's arm signs partnership agreement with Boehringer Ingelheim for distribution and promotion of companion animal products portfolio
Intellect Design Arena: The Company announces onboarding of 14 value discovery partners to accelerate AI platform
Genus Power Infrastructures: The Board decides Feb 06, 2026 to be the record date to receive shares in Genus Prime Infra. Ratio sets at 6:1 which means, for every 6 shares held in Genus Power co allocates 1 share of Genus Prime Infra.
BlueStone Jewellery and Lifestyle: The Company approves investment in arm Ethereal
House via series A2 CCPS for an amount up to Rs.25.1 crore.
NTPC Green Energy: The Company inks MoU with Government of Uttar Pradesh for development of RE and Green Hydrogen Projects in Uttar Pradesh
Oil & Natural Gas Corporation: The Company has become a 50% Joint
Venture Partner with M/s Mitsui O.S.K. in the company that is Bharat Ethane One & Bharat Ethane Two
Ashoka Buildcon: The company receives an order worth Rs. 307 crore for construction of a bridge in Daman.
IIFL Finance: The company clarifies that it is not aware of any information that has not been disclosed to the exchanges, states that recent share price movement appears to be market‑driven, and confirms that no new legal proceedings have been initiated against the company.
Eternal: The company clarifies that it regularly evaluates and adds office space as part of its operational plans.
HUDCO: The board will meet on January 29 to consider increasing the FY26 borrowing plan to Rs. 80,000 crore from the earlier Rs. 65,000 crore.
Bandhan Bank: The company reappoints Ratan Kumar Kesh as Executive Director for a tenure of three years.
Matrimony.com: Shareholders approve the buyback of 8.9 lakh shares worth Rs. 58.50 crore at a price of Rs. 655 per share.
Reliance Industries: Sixteen step‑down subsidiaries merge with the wholly owned arm, Reliance New Energy.
Tata Communications: The board approves the demerger of Solutions Infini Tech into Novamesh and also approves the amalgamation of Solutions Infini Tech into Tata Communications Collaboration.
Lloyds Metals & Energy: The company clarifies that the cost of acquisition of its arm's 50% stake in Nexus Holdco is USD 53.6 million, out of the total USD 90.8 million disclosed earlier. The remaining amount relates to loan infusion by the arm into the operating company.
Fortis Healthcare: Delhi High Court decides the company's perjury application by directing initiation of an inquiry against officers of a third party.
Hindware Home: The company receives a corrigendum order from NCLT in relation to the Scheme of Arrangement involving the company, HHIL, Hindware, and their shareholders.
Sudeep Pharma: The company's arm acquires rights in leasehold land in Dahej from GIDC under an agreement valued at Rs. 21 crore.
Sterlite Technologies: The company partners with London‑based Colt Technology for multi‑core fibre trials in London.
Premier Energies: The company commissions a 400 MW solar photovoltaic cell manufacturing facility in Telangana.
HG Infra Engineering: CBI and ACB conduct searches at the company's Jaipur and Gurugram offices and at a project site in Bihar. The company states that it fully cooperated with officials during the proceedings.
Avenue Supermarts: The company opens a new store in Pali, Rajasthan, taking the total store count to 444.
SRF: The company receives a penalty order of Rs. 38.5 crore, including interest, from the Chennai authority.
Granules India: Shareholders approve the issue of 51.3 lakh shares on a preferential basis.
Bayer CropScience: The company files an appeal before the Appellate Tribunal against a penalty order of Rs. 10 crore issued by a Maharashtra authority.
NBCC (India): The company receives two GST tax demand orders totaling Rs. 94 crore, including penalty.
Panorama Studios: The company executes a distribution agreement for the Malayalam‑language film Drishyam 3.
Colab Platforms: The company receives approval for the listing of its equity shares on the Metropolitan Stock Exchange of India (MSEI).
Amagi: The company becomes the first cloud‑native SaaS company offering end‑to‑end solutions in the broadcasting and streaming ecosystem to list on Indian stock exchanges.
Balkrishna Industries: Shareholders approve the reappointment of Arvind Poddar as Chairman and Managing Director.
Cohance Lifesciences: Shareholders approve the appointment of Himanshu Agarwal as Whole‑time Director.
Arisinfra Solutions: The Company's arm has secured an order for supply of ready-mix concrete of Rs. 63 crore.
IPO Offering
Shadowfax Technologies
Logistics solution provider offers e-commerce express parcel delivery and a suite of value-added offerings. Clients include Meesho, Flipkart, Myntra, Swiggy, Bigbasket, Zepto, Nykaa, Blinkit, Kartrocket, Zomato, Uber etc
The public issue was subscribed to 2.7x on day 3. The bids were led by Qualified institutional investors (3.81x), non-institutional investors (84%), retail investors (2.31x)
Bulk & Block Deals
Bajaj Corp : BNP Paribas Financial Markets bought 10 lk shares at Rs. 282.46 a piece
Landmark Cars : Goldman Sachs Funds sold 13.7 lk share at Rs. 361 a piece , Nippon India Small Cap Fund bought 15.9lk share at Rs. 361 a piece, Polar Capital Funds Plc - Asian Stars Fund sold 4.7 lk shares at avg price of Rs. 370.12 a piece
Corporate Actions
Tips Music               Interim Dividend - Rs 5 Per Share
Havells India          Interim Dividend - Rs 4 Per Share
Central Bank of India      Interim Dividend - Re 0.20 Per Share
DCM Shriram          Interim Dividend - Rs 3.60 Per Share
Oberoi Realty             Interim Dividend - Rs 2 Per Share
Board meet
Anzen India Energy Yield Plus Trust ( Fund Raising )
Hindustan Zinc (Fund Raising)
Insider trade
D. B. Corp: Promoter Group acquired 3.56 lk shares
F&O Cues
Nifty Options 27th Jan Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25000.
Securities in ban period: BANDHANBNK, SAMMAANCAP
Currency Check
The Indian rupee recovered from an all-time low levels and settled with a gain of 7 paise at 91.58 against the US dollar on Thursday.
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