8 C 
ET Market Watch: Why markets fell today - Tariff fears, FII selling hit Sensex, Nifty
RBI proposes changes to banks' forex positions
The amendments focus on the net open position, which measures banks exposure to currency fluctuations.
US bank stocks fall as results, credit card cap in focus
US bank stocks fell as investors digested mixed earnings from major lenders and concerns over a proposed credit card interest cap, which could pressure profitability, despite strong loan growth and optimism about longer-term lending momentum.
US Fed's Neel Kashkari says it is 'way too soon' to cut rates
Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor market resilience and inflation above the Fed's target, the New York Times reported on Wednesday.
Infosys ADRs fall 2% as Q3 profit dip, margin pressure offset guidance upgrade
Infosys ADRs fell as December-quarter results showed modest profit decline and sharp margin pressure, offset by strong revenue growth and an upgraded FY26 guidance, reassuring investors despite cost headwinds, labour code impact and near-term seasonal softness in global IT markets.
Iran unrest rattles dry fruits trade, fresh produce holds firm
Export payments are already being delayed as Iranian importers struggle with economic instability and payment remittances
Retail pullback hits discount brokers as demat additions slow, client churn rises
Volatile markets, weaker mid-cap returns and investor fatigue weigh on calendar-year 2025 numbers
ICICI Pru AMC net up 45% at 917 cr
To pay dividend of 14.85 a share
Copper hits record high amid concern about physical demand
Copper prices hit a record on Wednesday on persistent demand from speculative funds, but some investors were wary that the high prices would deter buying by industrial users.
Infosys Q3 FY26: Revenue rises 8.9%, profit dips 2.2% on labour codes, US tariffs & visa costs
Indias cotton trade body sees crop output a tad higher
Higher-than-estimated production in Maharashtra and Telangana pushed projections up by 7.5 lakh bales to 317 lakh bales
Markets slip 0.3% as IT, Realty drag; Metals shine amid global uncertainty
The BSE Sensex closed at 83,382.71, down 0.29 per cent from its previous close; NSE Nifty 50 settled at 25,665.60, losing 0.26 per cent
Indian Overseas Bank Q3 profit jumps 56% on loan growth, asset quality
Indian Overseas Bank posted a 56% year-on-year rise in Q3 profit driven by strong loan growth, higher net interest income and improved asset quality. Margins strengthened while the bank built a sizeable provision buffer ahead of upcoming credit loss norms.
ICICI Prudential AMC posted a robust December quarter with profit rising 45% year-on-year on operating leverage and fee growth. Strong inflows lifted assets under management, while the company announced a Rs 14.85 per share dividend for shareholders.
Union Bank of India Q3 Results: Profit rises 10% YoY to Rs 5,073 crore on lower provisions
State-run Union Bank of India on Wednesday reported a 9.7 per cent increase in consolidated net profit for the December quarter at Rs 5,073 crore, helped by a sharp fall in provisions.
Indian bonds slump to more than 3-week low as selloff continues after index snub
Indian government bonds slid on Wednesday, with the benchmark 10-year falling to the lowest in more than three weeks, on lingering disappointment over Indian debt not being added to Bloomberg's Global Aggregate Index.
SAMCO Securities forecasts silver prices could surge to Rs 3.94 lakh per kg after a 25% rise in 2026, citing technical breakouts, supportive inflation data, easing rate hopes and tight global supply amid a broader commodity supercycle momentum continues strong.
Infosys Q3 Results Live: Profit slips 2% YoY despite 9% revenue growth; labour costs squeeze margins
Can you refuse life support through your will? Here's what Indian law says
You may consider making an advance medical directive, or a living will, in which you may communicate your wishes regarding your medical care in case you become critically ill.
HDB Financial Services Q3 Results: PAT rises 36% YoY to Rs 644 crore; NII up 22%
HDB Financial Services reported 36% YoY growth in Q3 net profit to Rs 644 crore, supported by a 22% rise in net interest income to Rs 2,285 crore. Operating metrics improved, though asset quality softened with Stage 3 loans rising to 2.81% and provision coverage easing to 55.6%.
Pan-India promise, patchy payoff: Why many southern Hindi dubs are failing
A decade ago, they were hailed as a bridge between north and south India. But pan-India films have not quite lived up to that promise. The successes, few in number, are genuine blockbusters. But the failuresthere are way too many of themcrash and burn ignominiously.
ICICI Prudential Life shares down, Street flags resilient margins despite GST headwinds
Jefferies gives it a buy rating with a target price of 830, saying the insurers value of new business of about 6 billion in the December quarter was ahead of its expectations
Small-budget regional films face streaming challenges despite increased demand for content
Smaller films in languages other than Hindi face challenges in securing streaming deals, with many remaining unsold due to limited interest and tight budgets. Producers are adapting by delaying projects and reducing costs.
India GDP growth looks stronger on paper; earnings momentum to build in FY27: GV Giri, IIFL Capital
Indias GDP growth may look strong, but earnings and valuations will drive the markets going ahead. GV Giri, President and Head of Research of IIFL Capital says FY27 could see 1617% Nifty earnings growth, led by banks, NBFCs and select sectors, even as India remains relatively expensive compared with global peers.
Stock markets extend losses for second day; Sensex drops 245 points
Markets weighed down by weakness in IT, consumption and select banking blue-chip stocks, persistent foreign fund outflows and tariff related uncertainties
UBS cuts EBITDA estimates for Eternal, Swiggy for next 2-3 years. Here's why
UBS cut EBITDA estimates for Zomato-owner Eternal and Swiggy as quick commerce competition intensifies, widening discounts and delaying margin recovery. Aggressive pricing by Amazon and Zepto pushes Blinkit breakeven to FY27 and weakens Instamart margins, despite long-term growth prospects ahead.
Infosys Q3 Results: PAT slips 2% YoY to Rs 6,654 crore; co raises FY26 revenue guidance
Infosys Q3 Results: India's second largest IT services company on Wednesday reported a 2% year-on-year (YoY) decline in its consolidated net profit at Rs 6,654 crore in the third quarter, compared with Rs 6,806 crore in the last year quarter.
China, wary of global unrest, is keeping the oil market afloat
Chinas purchases for its strategic reserve have kept the market from cratering.
The benchmark BSE Sensex slipped 245 points, or 0.29%, to end at 83,382.71, while the NSE Nifty 50 fell 66.7 points, or 0.26%, to 25,665.60. The decline marked the seventh loss in eight sessions for both indexes, reflecting fragile investor sentiment despite pockets of sectoral strength.
Budget home buyers priced out of Gurugram's luxury boom
Mumbai remains India's most valuable property market, but Gurugram, part of the larger National Capital Region, has seen a sharp price rise and sales driven by a return of investors and end-users.
Amagi Media Labs IPO sees muted response, subscribed 10% so far on Day 2
According to stock exchange data, qualified institutional buyers had not placed any bids, resulting in NIL subscription in that segment
MRPL, SAIL, Tata Steel in focus as Nifty signals bottom formation near 25,500: Nagaraj Shetti
Nifty shows early signs of bottoming near 25,500 as buying emerges at lower levels, says Nagaraj Shetti, Technical & Derivative Analyst , HDFC Securities. While volatility persists, technical charts point to a possible rebound towards 26,20026,300. Metals and oil refinery stocks show strength, with MRPL, SAIL and Tata Steel leading sectoral momentum.
European shares edge up as RWE, SSE auction win boosts utilities
European stocks recovered their poise on Wednesday after a modest dip a day earlier, as a surge in shares of energy firms RWE and SSE drove the utility index higher.
Bharat Coking Coal listing deferred amid Maharashtra civic polls. Check new date
Bharat Coking Coal's IPO listing has been postponed to January 19 due to BMC elections, with the Indian stock market also closed on January 15 for municipal polls. The Rs 1,071 crore IPO saw an overwhelming subscription response, attracting bids worth over Rs 1.1 lakh crore and setting a record with 90.31 lakh applications.
Groww ropes in US-based State Street as strategic investor with Rs 580 crore AMC deal
Groww has partnered with US-based State Street Global Advisors, which will invest up to Rs 580 crore in Groww AMC through primary and secondary shares. The deal, involving up to 23% stake dilution, strengthens Growws mutual fund business, supporting expansion, global collaboration, and enhanced product offerings for Indian investors.
HDFC AMC Q3 Results: Standalone profit jumps 20% YoY to Rs 770 crore; revenue up 15%
HDFC AMC Q3 Results: Revenue from operations during the same period grew 15% YoY to Rs 1,074 crore.
Flipkart to double money on Shadowfax investment, to pocket Rs 600 crore profit in IPO
Flipkart is set to more than double its investment in Shadowfax as the logistics firm prepares for its IPO next week. With a 14.8% stake, Flipkarts holding could fetch Rs 929 crore at the top price band, generating a pre-exit gain of over Rs 600 crore while retaining future upside.
Finance author Robert Kiyosaki cheered silver prices surpassing $90 per ounce. He noted US Silver Eagle coins are selling for $104. Silver futures on MCX reached an all-time high of Rs 2,87,990 per kilogram. Geopolitical tensions are supporting precious metals. Kiyosaki previously warned of a potential pullback but continues to buy silver.
Shadowfax Technologies IPO: GMP signals positive listing outlook after price band announcement
Shadowfax Technologies' upcoming IPO is generating positive buzz, with grey market premiums indicating a strong listing. The logistics provider, which recently turned profitable, aims to raise Rs 1,907 crore. Investors are watching valuation and execution in a competitive sector, but robust revenue growth and a wide client base offer optimism.
These 9 stocks held by over 100 MFs in December surge up to 115%. Do you own any?
Strong mutual fund participation continues to signal institutional conviction, with 254 stocks held by over 100 schemes as of December 2025. Many of these stocks have delivered strong FY26 returns, including several multibaggers, highlighting the resilience and momentum often associated with broad-based mutual fund ownership.
Markets stuck in a holding pattern as earnings and trade clarity remain elusive: Harsha Upadhyaya
Indian stock markets are experiencing a subdued start to 2026. Investors are awaiting clearer signals on company earnings and trade negotiations. While GDP growth remains supportive, a strong earnings rebound is not yet visible. Financials are seen as a bright spot.
The government had introduced the New Tax Regime in Budget 2020, and since then it has made a number of changes to accommodate taxpayers' interests. In Budget 2025, FM Sitharaman made a grand move, lowering the income tax rates. What's coming in Budget 2026?
Digital Real Estate| Union Budget 2026: What real estate leaders want to see
As real estate leaders outline expectations from the Union Budget 2026, key priorities include demand revival, infrastructure-led growth, and greater institutional capital. Stakeholders seek tax incentives for homebuyers, easier financing for developers, SEZ reforms, and measures to boost affordability and sustainable construction, aiming to support balanced and long-term sector growth.
Sensex, Nifty reverse morning losses to trade in green mid-session as metal stocks shine
Tata Steel lead Nifty gainers, surging 3.82%
Executive Centre India gets SEBI nod for 2,600 crore IPO
Operating in India since 2008, Executive Centre India runs 89 centres across 14 cities in seven countries.
Vijay Kedia buys stake in smallcap stock thats down 43% in 1 year. Do you own?
Ace investor Vijay Kedia acquired a 1.01% stake in Patel Engineering after the smallcap stock fell over 40% in a year. The infrastructure firm recently secured hydropower and coal mining contracts worth over Rs 2,400 crore.
IT sector poised for better days ahead, financials to outperform: Chakri Lokapriya
Indian equity markets are in a wait-and-watch mode, awaiting clarity on tariffs and the Union Budget's capital expenditure focus. CIO-Equities Chakri Lokapriya highlights selective opportunities in sectors like IT, metals, and banking, while advising caution on insurance and quick commerce due to persistent competitive pressures and margin concerns.
Venezuela turmoil unlikely to materially impact Indias crude oil imports
However, the recent developments in Venezuela threatens Indias efforts to gain access to important minerals such as Lithium, Rare Earths, nickel and gold.
Balancing life, money, and retirement: Mid-50s essential checklist
As retirement nears, financial planning in ones 50s shifts from aggressive growth to risk control, debt reduction, and liquidityaimed at protecting savings from market shocks.
Telcos allege market failure at Navi Mumbai airport, ask Trai to cap infrastructure costs
The Cellular Operators Association of India has petitioned the regulator to enforce a cost-based pricing framework, accusing the Adani-run airport of bypassing Telecom Act rules to install monopolistic gatekeepers.
Silver tops 2.75 lakh/kg, gold near 1.5 lakh/10 gm as precious metals continue to dazzle
In the global market, silver soars past $90/oz, gold rules over 4,630/oz
Miners, energy stocks hold Australian benchmark at 2-month closing high
Indian shares reached a two-month peak on Wednesday. Heavyweight miners and energy stocks saw gains due to rising commodity prices. However, a sharp fall in major banks limited the overall advance. Top miners BHP and Rio Tinto advanced. Gold miners also closed at a peak. Energy stocks climbed significantly. In New Zealand, the benchmark S&P/NZX 50 index ended higher.
Sebi clears Kissht, Alcobrew Distilleries and 4 other companies for IPO. Check full list
Sebi has approved six companies, including Kissht, Alcobrew Distilleries and Indo MIM, to raise funds via IPOs over the next year. The offerings include fresh issues and promoter sales, with proceeds aimed at expansion, acquisitions, debt repayment, and corporate purposes. Key IPO dates, price bands, and lot sizes are yet to be announced.
Puravankara shares rally 12% as Q3 sales, collections jump, breaking the slump for the realty stock
Puravankara shares jumped more than 12% after the real estate developer reported strong double-digit growth in Q3 sales value and collections, aided by higher realisations, steady deliveries and fresh land additions across key markets. The rally snapped a five-day losing streak for the stock, though it remains sharply lower over the past year.
Tata Elxsi Q3 PAT slumps 45% YoY; brokerages flag 22% downside risk heres what they say
Tata Elxsi's net profit plunged 45.3% due to a one-time labour law charge. While revenue and margins showed some strength, brokerages remain divided. Some see potential in auto and healthcare recovery, while others cite rich valuations and muted visibility in key segments, leading to cautious or sell ratings.
2026 will be the year of geopolitics, not AI; Emerging markets still resilient: Geoff Dennis
Geopolitics, not AI, may dominate markets in 2026, says emerging markets expert Geoff Dennis. Despite global tensions, emerging markets are outperforming even as oil prices rise and the dollar strengthens. Dennis expects only limited Fed rate cuts, warns of geopolitical flashpoints, and explains why EMs could remain the flavour of the year.
Aluminium, copper settle after bull run into 2026
The LMEX Index, which tracks the main six base metals, closed at the highest since March 2022 on Tuesday, after a five-month gain
Fed probe rekindles diversification debate as investors weigh Sell USA risks
A U.S. Justice Department probe into Federal Reserve Chair Jerome Powell is sparking renewed investor interest in diversifying portfolios away from America. While markets remain calm, concerns about the Fed's independence are growing, potentially leading to gradual shifts in global capital allocation. This development adds to existing worries about U.S. fiscal health and debt.
Budget 2026 to double down on defence? Motilal Oswal flags capex winners, yield risks ahead of FY27
Motilal Oswal expects Budget 2026 to reinforce defence-led capital expenditure while maintaining fiscal discipline. With limited tax relief, reliance on RBI dividends and elevated borrowing, the brokerage flags capex-linked sectors as equity winners and warns of range-bound bond yields in FY27.
Will Budget revive capex stocks? What defence, rail and infra investors should watch
The Union Budget on February 1 is shaping up as a litmus test for the capex trade, which has slowed over the past year. With fiscal discipline likely to be maintained, any additional spending is expected to be selective, focusing on sectors such as defence, railways, and infrastructure-linked segments, rather than a broad-based capital expenditure push.
Bitcoin trades near $95K as softer US inflation and global tensions boost safe-haven demand
Bitcoin surged near $95,000, fueled by stable US inflation data and geopolitical unease driving demand for safe havens. Cryptocurrencies like Ethereum and major altcoins also saw significant gains. Analysts note improving market liquidity and a shift towards risk assets, with on-chain data suggesting easing selling pressure and potential for further upside.
US inflation firms up in December, keeping Fed in wait-and-watch mode
U.S. consumer inflation edged up 0.3% in December, keeping year-on-year CPI at 2.7%, reinforcing expectations that the Federal Reserve will maintain a wait-and-watch approach. While price pressures remain above target, the data suggests a gradual disinflationary trend, providing markets with reassurance without prompting an immediate shift in monetary policy.
Brazilian soybeans output may reach 177 million tonnes: Report
Area under the oilseed is expected to increase by 2% in the 2025-26 season, says RaboResearch
Indian bonds extend fall as index snub continues to bite
Indian government bonds declined for a second consecutive day. This follows a surprise decision to exclude Indian debt from a global index. Investors are cautious. Oil prices are also rising due to Middle East developments. The Reserve Bank of India is expected to support bond prices. Other investors have increased their bond purchases.
Polycab India shares fell nearly 3% after a Rs 590 crore block deal involving 7.98 lakh shares, with reports suggesting a domestic mutual fund sold its stake. The stock has shown mixed performance across recent timeframes.
Import squeeze, not demand boom, drives Indias steel export shift
India emerged as a net exporter of finished steel in AprilDecember 2025 as safeguard duties and quality curbs sharply cut imports, even as exports rose amid weak domestic prices and surplus supply.
Nomura initiates coverage on ITC Hotels, IHCL with Buy rating. Check target price, upside potential
Nomura has initiated coverage on ITC Hotels and Indian Hotels Company with a Buy rating, citing strong demand trends and asset-light expansion. The brokerage expects healthy growth in revenue, margins and cash flows over the medium term, supported by favourable demandsupply dynamics and improving return ratios.
Gold financiers ride bullion rally, but valuations flash caution: Ambareesh Baliga
Gold financiers have seen strong gains but investors should manage risk. IT sector earnings may offer short-term surprises, but sustained growth is uncertain. Larsen & Toubro presents a long-term buying opportunity on dips. Footwear stocks are not recommended at this time. Market sentiment remains cautious with a focus on valuations.
Gold near record-highs on Fed rate cut bets; silver cracks $90
Softer-than-expected US inflation readings cemented bets on interest rate cuts amid ongoing geopolitical uncertainty
Chennai Petroleum stock flashes bullish reversal signal, Kkunal V. Parar see upside ahead
Vedanta shares jump 6% to record high after Nuvama raises target price to Rs 806
Vedanta shares surged to a record high of Rs 678.50 after Nuvama Institutional Equities raised its target price to Rs 806, citing value unlocking from the demerger. The brokerage anticipates strong EBITDA growth driven by sustained commodity prices and cost optimization, maintaining Vedanta as a top pick.
Markets open flat amid mixed global cues, metal stocks lead gainers
Coal India emerges as top gainer on Nifty 50, surges 2.59%
Motilal Oswal initiates coverage on Canara HSBC Life, sets Rs 180 target; lists 5 growth drivers
Motilal Oswal has initiated coverage on Canara HSBC Life with a Buy rating and Rs 180 target, citing industry underpenetration, strong bancassurance partnerships, channel diversification and improving VNB margins as key drivers of medium-term earnings growth.
NSE unlisted shares in high demand on listing buzz. Should investors buy now or wait for IPO?
NSE shares are in high demand in the unlisted market following renewed IPO buzz and Sebis regulatory signal. While early unlisted investments offer exposure, pricing is opaque and liquidity limited. Waiting for the IPO provides clearer valuation and regulated pricing. Long-term prospects remain strong amid Indias growing capital markets.
Selective buying opportunities emerge as earnings catch up with prices: Aniruddha Naha
Investors see chances for long-term gains as market corrections meet better earnings. Aniruddha Naha from PGIM India Asset Management suggests building portfolios over the next six months. Sectors like autos, commodities, and PSU banks show promise. Discretionary consumption may rise with pay commission revisions. Quick commerce valuations face a reality check.
Unusual Solidarity: Global central banks step in to back Jerome Powell
Global central bankers have united to defend the U.S. Federal Reserve's independence amid political pressure and a federal probe into its headquarters' renovation. Leaders from Europe, North America, and Asia publicly backed Fed Chair Jerome Powell, highlighting the critical role of central bank autonomy for global financial stability. This rare show of solidarity underscores widespread concern over potential interference.
FMCG brand Mitra merges with Tierra Agrotech in 787 crore deal ahead of IPO
Merger brings together Mitras retail distribution network with Tierras agri-infrastructure capabilities
Rupee recovers 11 paise to 90.12 against US dollar in early trade
The rupee strengthened by 11 paise to trade at 90.12 against the US dollar, buoyed by lower crude oil prices and a retreating American currency. Domestic equity markets also showed resilience, with the Sensex and Nifty registering modest gains amid cautious trading. Traders are closely watching geopolitical developments and awaiting US inflation data for Federal Reserve policy cues.
FII holding in Eternal declines for 7th straight quarter. Is recent correction a buying opportunity?
Foreign institutional investor holding in Eternal has declined for seven consecutive quarters, falling from 54% to 36.2% due to a 49.5% foreign ownership cap aimed at maintaining Indian ownership status for Blinkit's inventory-led model.
Did Kotak Mahindra Bank shares really tank 80%? Heres why investors do not need to panic
Kotak Mahindra Bank shares appeared to crash over 80% in early trade, but the decline was solely due to a technical adjustment as the stock traded ex-split after its 5:1 split. The price reset reflects the revised capital structure and does not affect the banks fundamentals, market value or investor wealth.
Copper hits new peak as supply concerns outweigh dollar strength
Copper and tin prices surged to record highs on Wednesday, driven by persistent supply worries and a speculative buying spree amidst escalating geopolitical tensions. Despite a stronger dollar, copper's rally was fueled by mine disruptions and anticipated U.S. tariffs. Tin also saw significant gains, with other base metals also trading higher.
Bharat Coking Coal's IPO attracted massive investor interest, securing bids worth Rs 1.1 lakh crore for its Rs 1071 crore offering. This overwhelming response was fueled by the company's dominant position in coking coal production and attractive valuations. Investors are anticipating a strong listing performance. The company's focus on expanding beneficiation capacity also signals future growth prospects.
Anand Rathi Wealth has been inchin closer to 1 lakh crore AUM as strong client inflows are matching market gains. CEO Rakesh Rawal explains all about growth drivers, margin discipline, ROE sustainability and also why it's guidance has remained unchanged despite hitting targets early, even as market volatility keeps caution high.
Rupee climbs 11 paise to 90.12 against US dollar in early trade
Dollar index trades 0.01% lower at 98.90
Oil India among 5 F&O stocks with a sharp rise in futures open interest
Several NSE F&O stocks, including Oil India, witnessed a sharp rise in futures open interest on January 13, signalling increased trader participation and fresh position-building. The trend points to heightened activity across select stocks in the derivatives segment.
Tata Elxsi shares shed 3% after Q3 profit declines 45% YoY
Tata Elxsi shares fell over 3% after the company reported a sharp 45.3% year-on-year drop in Q3 net profit, hit by a one-time exceptional charge linked to changes in Indias labour laws. Revenue grew marginally, while adjusted profit declined 5.4%, reflecting continued pressure on margins despite steady demand in software services.
Stock Market Holiday 2026: Are BSE, NSE closed tomorrow for Maharashtra municipal elections?
NSE Holidays 2026: Indian stock markets will be closed on January 15 due to municipal elections in Maharashtra, a change from the initial settlement holiday classification. This revision means trading will not occur across all segments on that day. The exchanges have also adjusted the expiry date for certain equity derivative contracts.
