Stock Market Today: All You Need To Know Going Into Trade On Jan. 28

Good Morning!

The GIFT Nifty is trading near 25,453.50, indicating a positive open for the benchmark Nifty 50. US and European index futures are trading higher during Asian trading hours.

• S&P 500 futures trade 0.41% higher
• Euro Stoxx 50 futures trade 0.58% higher

US Market Wrap

US equities inched higher on Tuesday, driven by gains in major technology names. The S&P 500 added 0.4%, finishing at a fresh record close. The Nasdaq 100 climbed 0.9%, and the group of “Magnificent Seven” tech stocks posted similar advances as investors look ahead to a busy slate of earnings from leading tech firms later this week. Meanwhile, UnitedHealth Group Inc. dragged insurer shares lower after issuing a weaker-than-expected outlook, compounded by a US proposal to keep payments to private Medicare plans unchanged for next year, reports Bloomberg.

Asian Market Wrap

Asian currencies strengthened as the US dollar fell to its weakest level in four years, with investors growing increasingly cautious toward the world's reserve currency amid unpredictable policy signals from Washington. Equity markets in Asia were mixed, with South Korea posting gains while Japan moved lower. Meanwhile, US stock-index futures continued to climb following a Wall Street Journal report that SoftBank is in discussions to inject as much as $30 billion in additional funding into OpenAI, reports Bloomberg.

Commodities Check

Oil prices hovered close to a 16‑week peak after a sharp drop in the US dollar, with traders also keeping a close watch on renewed threats toward Iran from President Donald Trump. West Texas Intermediate traded near $63 a barrel, following a 2.9% surge in the prior session that lifted it to its strongest level since early October. Gold paused after a seven‑session climb, as markets absorbed a record-setting rally driven by dollar weakness and a broad move away from government bonds and major currencies. Spot bullion held near $5,160 an ounce, after jumping 3.4% on Tuesday—its largest single‑day advance since April. Trump said he was unconcerned about the dollar's slump, even as the currency fell to its lowest point in almost four years, reports Bloomberg.

Key Events To Watch

• Federal Reserve's Interest Rate Decision
• India's Industrial Production data from December

Market Outlook

Indian equities ended a volatile session in the green. Nifty had fallen below the 25,100 levels and closed near 25,175. Intraday, both Nifty and Sensex rose 1%.Nifty ended 126.75 points or 0.51% higher at 25,175.40. Sensex ended 319.78 points or 0.39% higher at 81,857.48.

Stocks In News

• Adani Green: The company clarifies that it is on track to deploy the country's largest single‑location battery energy storage system, expected to be commissioned in the coming months.
• AWL Agri Business: The company files an application with the Ministry of Corporate Affairs to strike off the name of its arm, AWL Edible Oils and Foods, from the Registrar of Companies.
• Axis Bank:The bank approves the reappointment of Subrat Mohanty as Whole‑Time Director & appoints Sudipto Nag as Chief Credit Officer.
• Jai Corp: The Ministry of Corporate Affairs strikes off Jaicorp Welfare from the Register of Companies; the entity stands dissolved.
• Unichem Labs: The company voluntarily recalls two products in the US.
• Thomas Cook: Sterling Holiday Resorts strengthens its Himalayan presence with the launch of “Sterling Nirmaya Dharamshala” in Himachal Pradesh.
• Vedanta: The board approves the sale of a 1.59% stake in Hindustan Zinc through an offer for sale (OFS).
• PDS: The company will acquire the remaining 15% stake in four of its arms for Rs. 2.8 crore.
• BEML: The company promotes Shekhar K, Akhil Kumar, Raghupati Gopal Krishna Rao, and Sundaresan S to the post of Executive Director.
• HDFC Mutual Fund – Mahindra Holidays: HDFC Mutual Fund's shareholding in Mahindra Holidays falls to 3.05%.
• GP Petroleums: The Company has been declared L1 for sourcing 6,000 MT of VG30 bulk bitumen and L2 for 1,800 MT of VG40 bulk bitumen at Pipavav Port for one year under the LOA awarded by BPCL.
• Jayaswal Neco: The company signs an MoU with the Maharashtra government to set up a 2‑million‑tonnes‑per‑year steel plant in Gadchiroli, with a proposed investment of Rs. 12,262 crore.
• Hindustan Zinc: Vedanta sets the floor price for its OFS at Rs. 685 per share, offering 3.4 crore shares (0.79% stake). The OFS will open on January 28–29.
• Infosys: The company enters into a strategic collaboration with Cursor to accelerate software engineering for global enterprises.
• TCS: The company will construct its largest delivery centre in Londrina, Brazil, with an investment of Rs. 3.3 billion. The new campus is expected to create over 1,600 jobs.
• Avenue Supermarts: The company opens a new store in Tamil Nadu, taking the total store count to 445.
• LIC: The company subscribes to Bajaj Finance debentures worth Rs. 5,120 crore; funds will be used for general corporate purposes.
• Aditya Birla Capital: The company allots 32,500 NCDs worth Rs. 325 crore on a private placement basis.
• Swan Corp: The company approves a related‑party transaction of Rs. 3,500 crore with its arm, Swan Defence and Heavy Industries.
• RVNL: The company emerges as the lowest bidder for a Rs. 242 crore project from South Central Railway.
• Maithan Alloys: The company incorporates a new arm, Maithan Electronics, for electronics manufacturing.
• Bikaji Foods: The company will invest Rs. 50 crore in its arm, Bikaji Foods Retail & approves a pact to undertake frozen and bakery business under Bikaji Bakes on a JV basis.
• The Board approved loan agreements with Petunt Food Processors (Rs. 5 crore) and Dadiji Snacks (Rs. 8 crore), and sanctioned an investment of Rs. 25 crore in Jai Barbareek Dev Snacks through 2.5 crore OCDs.
• ONGC: Joint ventures sign a pact with Samsung Heavy Industries to build Very Large Ethane Carriers (VLECs).
• ABB India: The company receives orders from Titagarh Rail to supply equipment for 22 six‑car trainsets and 18 six‑car trainsets.
• Titagarh Rail: Signs a pact with ABB to deliver propulsion systems for 25kV metro trains.
• Maruti Suzuki: The NCLAT hearing was not taken up today; the next hearing is scheduled for Feb. 27.
• Info Edge: Independent law firm and forensic experts submit conclusions in the 99acres whistle‑blower matter; some remedial actions implemented and others underway.
• Indian Overseas Bank: Receives BSE approval for Rs. 1,000 crore Basel III‑compliant Tier II bonds.
• Entero Healthcare: Karnal Drug Authority temporarily suspends the drug licence of the company's arm for three days.
• The company's arm, Atreja's, has its drug licence suspended for Jan. 30–Feb 1; expected revenue loss is Rs. 18.8 lakh.
• SCI (Shipping Corporation of India): The company clarifies it had already informed exchanges about exploring business opportunities with central, state, and private companies.
• Tamilnad Mercantile Bank: Opens four branches in Tamil Nadu, two in Kerala, one in Karnataka, and one in Gujarat.
• Adani Energy Solutions: India Ratings upgrades the issuer rating of subsidiary Adani Electricity Mumbai to IND AAA with a stable outlook.
• TVS Supply Chain: The company's Malaysian arm, Transtar International Freight, is struck off following voluntary liquidation.
• Caplin Point: The company receives US FDA approval for Methylprednisolone Acetate injectable.
• Newgen Software: Qatar Appellate Court dismisses the company's appeal against an adverse judgment; the company plans to approach the Court of Cassation. It remains liable to pay $1.4 million and QAR 200,000 in damages.
• Maruti Suzuki: NCLAT hearing on interim stay against CCI final order is moved to Feb. 27.
• IOL Chemicals & Pharma: The company's arm, IOL Life, files an application to strike off its name from the Registrar of Companies.
• NMDC Steel: Amitava Mukherjee gets additional charge as Director (Finance) till March 5.
• Petronet LNG: The company executes a 5‑year master regasification pact with ONGC and a 1‑year master agreement with MGL for sale of regasified LNG.
• Deep Industries: The company receives an order worth Rs. 108 crore from GAIL for hiring compression facilities.
• Landmark Cars: Goldman Sachs Asset Management International exits its entire 5% stake; Nippon India MF buys 3.83%, increasing its holding to 7.47%.
• RateGain Travel Tech: Deploys Sojern's AI concierge solution across Red Roof, a US‑based economy lodging brand.
• Solarworld Energy Solutions: The Company filed before the Delhi High Court against SGEL and HDFC Bank over delays in the 260 MW and 100 MW projects.

Earnings Post Market Hours

Marico Q3 FY26 (Cons, YoY)
Revenue up 26.6% at Rs 3,537 crore versus Rs 2,794 crore
Ebitda up 11.1% at Rs 592 crore versus Rs 533 crore
Margin at 16.7% versus 19.1%
Net Profit up 12% at Rs 447 crore versus Rs 399 crore

RK Forgings Q3 FY26 (Cons, YoY)
Revenue up 2.3% at Rs 1,099 crore versus Rs 1,074 crore
Ebitda up 29.3% at Rs 163 crore versus Rs 126 crore
Margin at 14.9% versus 11.8%
Profit down 35.1% at Rs 13.6 crore versus Rs 20.9 crore

Spandana Sphoorty Q3 FY26 (Cons, YoY)
Calculated NII down 57% at Rs 116 crore versus Rs 274 crore
Net Loss at Rs 95 crore versus loss of Rs 440 crore

Mahindra Logistics Q3 FY26 (Cons, YoY)
Revenue up 19.1% at Rs 1,898 crore versus Rs 1,594 crore
Ebitda up 39.9% at Rs 103 crore versus Rs 73.5 crore
Margin at 5.4% versus 4.6%
Net Profit at Rs 3.3 crore versus loss of Rs 9 crore

Motilal Oswal Q3 FY26 (Cons, QoQ)
Total Income up 14% at Rs 2,120 crore versus Rs 1,860 crore
Net Profit up 56.2% at Rs 566 crore versus Rs 362 crore

IGI Q3 FY26 (Cons, YoY)
Revenue up 20.6% at Rs 320 crore versus Rs 265 crore
Ebitda up 25.8% at Rs 191 crore versus Rs 152 crore
Margin at 59.86% versus 57.43%
Net Profit up 18.3% at Rs 135 crore versus Rs 114 crore

Gopal Snacks Q3 FY26 (YoY)
Revenue up 1.8% at Rs 401 crore versus Rs 394 crore
Ebitda up 96.1% at Rs 30.4 crore versus Rs 15.5 crore
Margin at 7.6% versus 3.9%
Net Profit at Rs 15.4 crore versus Rs 5.3 crore

Bikaji Foods Q3 FY26 (Cons, YoY)
Revenue up 10.7% at Rs 790 crore versus Rs 714 crore
Ebitda up 77% at Rs 98.4 crore versus Rs 55.6 crore
Margin at 12.44% versus 7.78%
Net Profit at Rs 62.2 crore versus Rs 28.8 crore

To invest Rs 50 crore in Bikaji Foods Retail

Dodla Dairy Q3 FY26 (Cons, YoY)
Revenue up 13.7% at Rs 1,025 crore versus Rs 901.2 crore
Ebitda down 17.4% at Rs 79.2 crore versus Rs 95.9 crore
Margin at 7.72% versus 10.64%
Net Profit up 8% at Rs 68.7 crore versus Rs 63.6 crore

One‑time cost of Rs 5.7 crore due to new labour codes

Metro Brands Q3 FY26 (Cons, YoY)
Revenue up 15.4% at Rs 811 crore versus Rs 703 crore
Ebitda up 17.7% at Rs 264.9 crore versus Rs 225 crore
Margin at 32.7% versus 32%
Net Profit up 35.7% at Rs 128 crore versus Rs 94.4 crore

Reappoints Nissan Joseph as CEO for 5 years; to pay interim dividend of Rs 3/share

PC Jeweller Q3 FY26 (Cons, YoY)
Revenue up 36.9% at Rs 875 crore versus Rs 639 crore
Ebitda up 79.7% at Rs 202 crore versus Rs 112 crore
Margin at 23% versus 17.5%
Net Profit up 28.48% at Rs 190 crore versus Rs 148 crore

To open 100 franchise showrooms in 12–18 months

Sunteck Realty Q3 FY26 (Cons, YoY)
Revenue at Rs 344 crore versus Rs 162 crore
Ebitda up 68.4% at Rs 81.5 crore versus Rs 48.4 crore
Margin at 23.7% versus 29.9%
Net Profit up 36.9% at Rs 58.2 crore versus Rs 42.5 crore

RPG Life Sciences Q3 FY26 (Cons, YoY)
Revenue up 4.2% at Rs 180 crore versus Rs 173 crore
Ebitda down 19.1% at Rs 39.8 crore versus Rs 49.2 crore
Margin at 22.1% versus 28.5%
Net Profit down 36.6% at Rs 22.1 crore versus Rs 34.9 crore

One‑time loss of Rs 8.4 crore in Q3

Vishal Mega Mart Q3 FY26 (Cons, YoY)
Revenue up 17% at Rs 3,670 crore versus Rs 3,136 crore
Ebitda up 19.8% at Rs 605 crore versus Rs 505 crore
Margin at 16.5% versus 16.1%
Net Profit up 19.1% at Rs 313 crore versus Rs 263 crore

Vodafone Idea Q3 FY26 (Cons, QoQ)
Revenue up 1.1% at Rs 11,323 crore versus Rs 11,195 crore
Ebitda up 2.8% at Rs 4,817 crore versus Rs 4,685 crore
Margin at 42.5% versus 41.8%
Net Loss at Rs 5,286 crore versus loss of Rs 5,524 crore; ARPU at Rs 186

Siyaram Silk Mills Q3 FY26 (Cons, YoY)
Revenue up 9.3% at Rs 624 crore versus Rs 571 crore
Ebitda up 2.4% at Rs 67.9 crore versus Rs 66.3 crore
Margin at 10.9% versus 11.6%
Net Profit down 8% at Rs 41.8 crore versus Rs 45.4 crore

Co to pay interim dividend of Rs 3/share

Nesco Q3 FY26 (Cons, YoY)
Revenue up 20% at Rs 248 crore versus Rs 207 crore
Ebitda up 0.4% at Rs 126 crore versus Rs 125 crore
Margin at 50.8% versus 60.7%
Net Profit down 4.8% at Rs 105 crore versus Rs 110 crore

Earnings In Focus

Aditya Birla Real Estate, ACC, Acutaas Chemicals, Agi Greenpac, Arvind Fashions, ASK Automotive, Balkrishna Industries, Bharat Electronics, Borosil Renewables, Johnson Controls-Hitachi Air Conditioning India, Brigade Hotel Ventures, Birlasoft, CarTrade Tech, Cochin Shipyard, Craftsman Automation, CSB Bank, Datamatics Global Services, eClerx Services, Five-Star Business Finance, Gland Pharma, Garden Reach Shipbuilders & Engineers, GE Vernova T&D India, Heritage Foods, ICRA, LMW, Lodha Developers, Larsen & Toubro, LT Foods, Mahindra & Mahindra Financial Services, Maharashtra Seamless, Maruti Suzuki India, MAS Financial Services, NIIT Learning Systems, Novartis India, National Securities Depository, The Phoenix Mills, Pine Labs, Piramal Pharma, Prudent Corporate Advisory Services, Quess Corp, Rainbow Children's Medicare, Sagility, Samhi Hotels, Satin Creditcare Network, SBI Cards and Payment Services, SBI Life Insurance Company, S.J.S. Enterprises, Somany Ceramics, Star Health and Allied Insurance Company, Sundram Fasteners, Symphony, Thyrocare Technologies, TVS Holdings, TVS Motor Company, V‑Guard Industries, Vintage Coffee And Beverages

Bulk And Block Deals

Antony Waste: Miri Strategic Emerging Markets Fund bought 2lk shares at Rs.589.37 apiece
India Grid Trust: Dezerv Securities bought & Neo Treasury Plus Fund sold 15.3lk shares at Rs.163.92 a piece
India Grid Trust: Everest Food Products bought & Ask Financial Holdings sold 15.22 lk shares at Rs. 164.25 apiece
Sigachi Industries: Anurag Reddy Narreddy sold 35 lk at Rs.20.42 apiece & Vijay Amrutlal Bhavsar sold 24.7lk at Rs.20.6          
AXISBANK: Goldman Sachs Bank Europe Se bought & Morgan Stanley Asia sold 51.3 lk shares at Rs. 1,313.90 a piece
Reliance Industries: Goldman Sachs Bank Europe Se bought & Morgan Stanley Asia sold 25.6 lk shares at Rs. 1,383.90 a piece
Vedanta: Goldman Sachs Bank Europe Se bought & Morgan Stanley Asia sold 21.7 lk shares at Rs. 699.45 a piece
Afcom Holdings: Krishnadevi Puranchandji Family Trust sold 1.75lk shares at Rs. 698.14 a piece
RATEGAIN: Paisabuddy Finance bought & Plutus Wealth Management sold 16.57 lk shares at Rs.606 a piece

Corporate Actions
 

Interim Dividend
Wendt (India)              Rs. 20 Per Share

KEI Industries               Rs. 4.50 Per Share           

KPI Green Energy        Rs. 0.20 Per Share           

K.P. Energy                   Rs. 0.20 Per Share

LOCK IN
6 Months Share lock in opening
BlueStone Jewellery: Lock in of 0.7 million shares, 0.5% of total outstanding shares

Board meet
TVS Holdings               Fund Raising

Insider trade
D. B. Corp: Promoter Group acquired 86.8k shares
Axiscades Technologies: Jupiter Capital Promoter pledged 3.4lk shares

Share lock in  

List of securities shortlisted in Short - Term ASM Framework Stage: Bharat Rasayan
List of securities to be excluded from ASM Framework:  Dolphin Offshore Enterprises

Price Band

Price Band change from 20% to 10%:Balu Forge Industries, Onesource Specialty Pharma   

Price Band change from  to 20%: IIFL Finance
 

F&O Cues

Nifty Jan futures is up 0.89 to 25,427.20 at a premium of points.

Nifty Options 3rd Feb Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,600.                       

Securities in ban period: SAMMAANCAP

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