Good morning!
Markets On Home Turf
The NSE Nifty 50 Index closed 0.42% lower for the day at 25,585.50, below the 25,600 levels. Benchmarks outperformed Nifty Small Cap 250. Wipro and Reliance Industries are the top losers in Nifty. Wipro fell over 8% intraday after its weak Q4 guidance. Nifty Midcap 150 fell over 0.5% for the day; dragged by IDBI Bank and MRPL. Nifty Smallcap250 fell over 1% for the day. Most sectoral indices close on a mixed note.
US Market Wrap
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.
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.
Asian Market Update
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.
Commodity Check
Silver surged to a record while gold hovered near an all-time high as President Donald Trump's push to take control of Greenland stoked fears of a US-Europe trade war and rattled markets.
Both metals eased slightly after sharp gains in the previous session, which followed Trump's threat to impose tariffs on eight European countries opposing his Greenland plans. Silver briefly climbed to a record $94.7295 an ounce on Tuesday, while gold traded close to $4,670.
Key Events To Watch
Government to release eight core industries output data for December.
Stocks In News
Mahamaya Steel Industries: NSE may initiate freezing of the entire promoter shareholding due to non‑compliance with listing requirements.
Info Edge (India): Subsidiary Jeevansathi Internet Services to invest Rs 10 crore in its wholly‑owned subsidiary, Aisle Network.
Arman Financial Services: The company approves issuance of 1.25 lakh NCDs aggregating to Rs 125 crore.
Capri Global Capital: Mr. Monu Ratra resigns as Chief Executive Officer (CEO).
Colab Platforms: The Board to meet on Jan. 22, 2026, to consider listing of shares on MSEI (Metropolitan Stock Exchange of India).
Sumeet Industries: The Board approves proposal to raise Rs 200 crore via Rights Issue.
LKP Finance: The company approves issuance of bonus equity shares in the ratio of 4:1.
IRB Infrastructure Developers: The company executes an agreement with IRB Harihara Corridors to act as Project Manager for the TOT‑17 project.
Niraj Cement Structurals: The company receives an order worth Rs 230 crore from Northeast Frontier Railway.
Hindustan Oil Exploration Company: The company issues a bank guarantee corresponding to the previously disclosed claim of $1.16 million.
Keystone Realtors: The company appoints Mr. Pritam Chivukula as Senior Management Personnel designated as Project CEO – Commercial.
Amara Raja Energy & Mobility: The Company appoints Mr. Narayan Sudhakar Choudhary as Chief Operations Officer (COO).
The company receives a tax demand of Rs. 22 crore, including penalty, from the Delhi tax authorities.
Samvardhana Motherson: The Registrar of Companies deregisters the company's indirect arm, Atsumitec (HK) Co, from the register.
Ethos: The company inaugurates a new watch boutique in Chandigarh.
Navneet Education: The Fujairah government in the UAE approves the incorporation of the company's arm, Navneet Global FZE.
Hindustan Zinc: The government appoints Sandeep Vasant Kadam as Part-time Official Director of the company.
Lemon Tree: The company signs a license agreement for a 120-room hotel in Uttarakhand.
GMDC: The company accelerates its rare earths push using indigenous processing technology developed by BARC (Bhabha Atomic Research Centre).
Deepak Nitrite: The company's arm commissions a nitration and second hydrogenation plant in Gujarat, with total capex incurred of nearly Rs. 85 crore.
Waaree Renewable: The company signs a pact for EPC works of a ground-mounted solar PV plant in Uttar Pradesh, with an order value of nearly Rs. 38 crore.
Sanghvi Movers: The company's arm receives an order worth $4.3 million from Jindal Energy Botswana.
Amber Enterprises: The company and its arm receive land allotments from YEIDA near Jewar Airport for new manufacturing plants. The company is allotted 100 acres, while its arm receives 16 acres. The combined proposed investment for the plants is Rs. 6,785 crore.
Waaree Energies: The company receives an order to supply 210 MW of DCR solar modules, while its arm receives an order to supply 2,000 MW of solar modules.
Aditya Birla Capital: The company allots 215 non-convertible debentures worth Rs. 215 crore on a private placement basis.
Tamilnad Mercantile Bank: The company appoints Thiru John J. Mathews as Chief Security Officer.
Archean Chemical: The company appoints Rampraveen Swaminathan as managing director for five years effective Jan. 22 and appoints P. Ranjit as Executive Vice-Chairman effective Jan. 22. N. R. Kannan resigns as Executive Director effective April 30.
Axis Bank: Shareholders approve the appointment of Neeraj Gambhir as Whole-Time Director, designated as Executive Director.
Hindustan Unilever: LIC buys a 2% stake in the company, taking its total shareholding to 6.7%.
Adani Ports: Rajkumar Beniwal resigns as Director of the company.
TCI Express: The company receives a tax demand of Rs. 51 crore from the Gurugram tax authorities.
Stallion India: RIICO issues a letter to allot a 28,650 square metre industrial plot in Ukhaliya to support operational requirements of the Bhilwara manufacturing plant.
Aditya Birla Lifestyle Brands: An investor plans to offload around 3.4 crore shares, or about 3% stake, via a block deal. The floor price is set at Rs. 106.14 per share, implying an 8.4% discount to the previous close of Rs. 115.93. The total deal size is estimated at Rs. 391 crore.
Aditya Birla Fashion and Retail: An investor intends to sell around 4.0 crore shares, or about 3% stake, through a block deal. The floor price is fixed at Rs. 65.78 per share, representing an 8.5% discount to the previous close of Rs. 71.89. The transaction size is estimated at Rs. 291 crore.
Apollo Micro Systems: The company is allotted 22,988 square metres of land in Hyderabad at Rs. 12,000 per square metre. The total investment towards land acquisition amounts to Rs. 27.6 crore.
CIE Automotive: AMPIN Energy Thirty One is allotted 8.75 lakh shares of the company's arm for Rs. 87.5 lakh.
HPCL: The company signs a 10‑year LNG supply pact with UAE‑based ALNG, an arm of ADNOC Gas. HPCL will receive 5 million tonnes of LNG annually under the agreement.
NCL Industries: Shareholders approve the appointment of K. Ravi as Vice‑Chairman and Managing Director for a tenure of five years.
Ola Electric: CFO Harish Abichandani resigns due to personal reasons. The board appoints Deepak Rastogi as CFO effective Jan. 20.
Kesar India: The company acquires a 50% stake in Mahashakti Coal Washeries for Rs. 50,010.
Power Finance Corporation: Deepak Jain is promoted to the position of Executive Director.
UPL: The company's arm, Advanta Enterprises, files DRHP for an IPO, which will include an offer for sale of 3.6 crore shares.
Corona Remedies: The company receives a certificate of compliance with Good Manufacturing Practice (GMP) requirements from the Eurasian Economic Union.
Arisinfra Solutions: The company approves the incorporation of a joint venture named JS Infra Core.
Veranda Learning: The company receives an observation letter with “no adverse observations” from BSE in relation to its Scheme of Arrangement.
Torrent Pharma: The board approves fund raise worth Rs.10,990 crore via NCDs.
Earnings Post Market Hours
LTIMindtree Q3 FY26 (Cons, QoQ)
Revenue up 3.7% at Rs 10,781 crore versus Rs 10,394 crore
EBIT up 5.4% at Rs 1,737 crore versus Rs 1,648 crore
EBIT margin at 16.1% versus 15.9%
Profit down 30.7% at Rs 971 crore versus Rs 1,401 crore
One-time cost of Rs 590 crore due to labour code
Havells Q3 FY26 (Cons, YoY)
Revenue up 14.3% at Rs 5,588 crore versus Rs 4,889 crore
EBITDA up 21% at Rs 516 crore versus Rs 426 crore
Margin at 9.2% versus 8.7%
Net Profit up 8.1% at Rs 301 crore versus Rs 278 crore
To pay interim dividend of Rs 4/share
Tata Capital Q3 FY26 (Cons, YoY)
Total Income up 12.2% at Rs 7,979 crore
Profit up 20.4% at Rs 1,265 crore versus Rs 1,050 crore
Oberoi Realty Q3 FY26 (Cons, YoY)
Revenue up 5.8% at Rs 1,493 crore versus Rs 1,411 crore
Ebitda up 0.1% at Rs 857 crore versus Rs 856 crore
Margin at 57.4% versus 60.7%
Profit up 0.7% at Rs 623 crore versus Rs 618 crore
CEAT Q3 FY26 (Cons, YoY)
Revenue up 26% at Rs 4,157 crore versus Rs 3,300 crore
Ebitda up 65.3% at Rs 563 crore versus Rs 341 crore
Margin at 13.6% versus 10.3%
Profit up 60.4% at Rs 156 crore versus Rs 97 crore
One-time loss of Rs 58 crore due to labour codes
Proposed Capital Expenditure at Company's Chennai Plant for a bout Rs. 1,314 Crores
Bansal Wire Q3 FY26 (Cons, YoY)
Revenue up 11.29% at Rs 1,029 crore versus Rs 925 crore
Ebitda up 18% at Rs 85.1 crore versus Rs 72 crore
Margin at 8.26% versus 7.78%
Net Profit up 3.8% at Rs 43.3 crore versus Rs 41.7 crore
Earnings On Tuesday
AU Small Finance Bank Ltd, Canara Robeco Asset Management Company Ltd, CreditAccess Grameen Ltd, Cyient DLM Ltd, DCM Shriram Ltd, Gujarat Gas Ltd, IndiaMART InterMESH Ltd, ITC Hotels Ltd, Jammu & Kashmir Bank Ltd, Mastek Ltd, Newgen Software Technologies Ltd, Persistent Systems Ltd, PTC India Financial Services Ltd, Rallis India Ltd, Shoppers Stop Ltd, Supreme Petrochem Ltd, SRF Ltd, United Spirits Ltd, Vardhman Special Steels Ltd.
IPO To Open
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 company's shares are set to open tomorrow that is 20th Jan, IPO is of size Rs.1,907.27 crores (OFS: Rs. 907.27 crores and Fresh issue: Rs.1,000.00 crores) and has a price band of Rs.118 to Rs.124 per share.
Corporate Actions
Interim Dividend
Bank of Maharashtra: Interim Dividend - Re 1 Per Share
NLC India: Interim Dividend - Rs 3.60 Per Share
Share to Exit Anchor Lock-In
Laxmi Dental: 13%
Insider shares
Avenue Supermarts
Ravi Prakash Sharma, Ravi Prakash Sharma pledged 25,000 share
Ignatius Navil Noronha, Director disposed 20000 shares
Trading Tweaks
List of securities shortlisted in Short - Term ASM Framework Stage: JTL INDUSTRIES
List of securities to be excluded from ASM Framework: GNA Axles Limited
Price Band
Price Band change from 20% to 10%: BOSCH HOME COMFORT INDIA, JTL INDUSTRIES
F&O Cues
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
Currency Check
The rupee closed 14 paise weaker against US Dollar at 90.91 on Monday.
ALSO READ: Trade Setup For Jan. 20: Nifty Support Slips To 25,400 Level As Volatility Grips D-Street
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