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Quiet-Quitting of US assets fuels fresh EM, gold bets
Emerging-market assets and precious metals are experiencing a strong start to 2026, driven by US-Europe tensions that are weakening the dollar and encouraging global diversification. Investors are pouring record cash into emerging-market funds, with Asian technology and Latin American equities leading the rally, as a rotation out of US holdings gains momentum.
Here is a closer look at the additions, stake increases, trims and exits made during the third quarter.
ETBudget Boardroom | India is a stock pickers paradise: Navneet Munot on Markets and Budget 2026
India's economic outlook remains strong despite global uncertainty. Navneet Munot of HDFC AMC highlights policy continuity and sustained reforms. The upcoming Budget is expected to boost domestic investment and earnings. Opportunities exist across sectors, particularly in manufacturing and new-age technologies like AI. The government is urged to incentivize investment in capital markets and R&D.
5 world market themes for the week ahead
Markets brace for a volatile week with the Fed's first meeting, U.S.-Europe relations, and major tech earnings from Apple, Microsoft, Meta, and Tesla. Investors will also monitor Japan's economic jitters and a wave of emerging market interest rate decisions, seeking clarity amidst ongoing geopolitical and economic uncertainties.
Yen sees two sudden spikes as rate check speculation swirls
The Japanese Yen saw significant volatility on Friday. Two sharp upward movements sparked speculation that authorities might have conducted a rate check. This action often signals potential intervention to curb the Yen's decline. Traders remain watchful for further moves by Tokyo to stabilize the currency. Global markets also reacted to geopolitical tensions affecting the US Dollar.
US equity funds see outflows on geopolitical worries
Investors pulled billions from U.S. equity funds amid tariff threats, though President Trump later eased these concerns. While large-cap and small-cap funds saw outflows, sector funds like financials and healthcare attracted new money. Bond fund investments dipped, but investment-grade funds saw increased demand. Money market funds experienced further withdrawals.
Speculative frenzy catapults silver above $100/oz
Silver prices have surged past one hundred dollars an ounce. This surge is fueled by retail investor and momentum-driven buying. Physical markets for the metal are experiencing tightness. Analysts warn of a potential major correction. Gold has also hit a record high. Industrial demand is under pressure. This situation presents a dynamic market for investors.
Dow ends lower after topsy-turvy week, as Intel's outlook weighs on market sentiment
U.S. stocks experienced a mixed close on Friday, with the Dow Jones Industrial Average falling due to Intel's sharp decline on a weak outlook. Despite geopolitical concerns and a volatile week, investors remain confident in the robust American economy. The upcoming show-me season for tech earnings, particularly from the Magnificent Seven, will be crucial for justifying current stock valuations.
Higher costs, capacity curbs weigh on IndiGo shares after Q3 show
IndiGo's shares fell on Friday following a significant drop in quarterly profit. Brokerages offered mixed views, citing short-term challenges like rising costs and currency issues. However, many remain positive about the airline's long-term growth potential. Analysts project potential upside for the stock in the coming year, despite some caution regarding immediate future earnings.
Sebi approval opens door for 13 IPOs across diverse sectors
Securities and Exchange Board of India has given the green light to thirteen companies for their Initial Public Offerings. Firms like Sify Infinit Spaces and Commtel Networks are among those that received Sebi's final observations. This clearance allows these companies to move forward with their plans to raise capital through the stock market.
Adani Group stocks slide up to 14% on US SEC heat
Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder Gautam Adani and nephew Sagar Adani. Allegations involve fraud and a bribery plot. The group's market value dropped by over $9 billion. Investors are advised to wait for clarity.
RBI lines up a big liquidity push amid rupee's slideshow
The Reserve Bank of India has announced three liquidity-boosting measures, including open market operations and a dollar-rupee swap, totaling approximately 1.92 lakh crore. These actions aim to enhance system liquidity and support the transmission of previous rate cuts. Experts anticipate further liquidity injections in the coming months.
Bank holiday today: Are banks closed on 24 January for fourth Saturday? Check full RBI calendar here
The RBI has announced a total of 16 holidays for all public and private banks in India in January 2026, including the State Bank of India. This also includes weekends. Check if banks are also closed today, on 24 January
IndusInd net falls on rise in provisions, expects better Q4
IndusInd Bank's net profit plummeted 91% to 128 crore in the third quarter due to deteriorating asset quality and increased provisions. Despite this sharp decline, the bank returned to profitability after a significant loss in the previous quarter, which was impacted by microloan provisions and derivative misreporting issues.
Sensex, Nifty slide nearly 1% as falling rupee, global tensions spark risk-off trade
Indian stock markets ended a difficult week with a significant drop on Friday. The rupee hit new record lows, and global tensions fueled investor caution. Shares of Adani Group companies saw a sharp decline. Broader markets also experienced substantial losses. Investors are concerned about global uncertainty and potential conflicts.
Three more global companies set to hop on Indias GCC train
Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.
IndusInd Bank bets on small loans and retail deposits for recovery
IndusInd Bank is seeking a fresh start by focusing on its traditional strengths, commercial vehicle and microfinance lending, following a difficult quarter where its loan book shrank by 13%.
Pride Hotels gets SEBI nod for 1,000 crore IPO
The IPO comprises a fresh issue of shares worth Rs 260 crore and an offer-for-sale of up to 3.92 crore shares by promoters
Wheat production hinges on M.P., Rajasthan as area dips in UP & Punjab
The temperature in February, the grain-filling period, is expected to play a crucial role in yield
Silver hits $100 an ounce for the first time in international markets
The price of silver reached $100 in trading Friday, profiting from its safe-haven status amid unrest surrounding the policies of US President Donald Trump. Silver, which has doubled its price in just 3.5 months, reached $100.11 an ounce, also on strong demand for the metal that is used in solar panels and electronics as well as for making jewellery.
Shriram Finance Q3 profit drops to Rs 2,522 crore
Shriram Finance reported a 29% drop in third quarter net profit at Rs 2,522 crore as against Rs 3,570 crore. The company attributed the fall in profit to the exceptional gain of Rs 1489 crore it received for sale of its stake in subsidiary Shriram Housing Finance.
MCX Q3 Results: Cons PAT jumps 151% YoY to Rs 401 crore, revenue soars 121%
MCX posted a sharp Q3FY26 surge, with profit up 151% and revenue rising 121%, driven by booming derivatives volumes, strong bullion participation, new product launches and expanding options activity, supported by governance focus and readiness.
SEBI clears IPOs of 13 companies this week
Among them include Sify Infinit Spaces, Purple Style Labs, BVG India and CMR Green Technologies.
Intel shares plunge 14% as supply chain snarls hamper turnaround
Intel's shares plunged 14% on Friday after the company struggled to meet strong artificial intelligence-driven demand for data-center chips due to supply constraints, disappointing investors betting on its turnaround.
RBI announces third tranche of stimulus ahead of MPC as rupee hits new low
RBI announces 1 trillion in OMOs and a $10 billion dollar-swap to ease system liquidity and support the rupee after it hit a record low of 91.97.
Adani Power's 7,500-crore bond sale backed by bids from domestic lenders, mutual funds, sources say
Domestic banks and mutual funds invest 6,975 crore as part of the issue
Adani group stocks battered after US SEC seeks to email summons to top executives
Adani Green Energy saw the steepest fall at 14.5 per cent, sentiments in the stock worsened by a steep fall in its Q3 net profit due to a rise in costs
Gold, silver and platinum resume rally, soar to new high
Buoyed by drop in dollar with threat to US Fed Reserve and geopolitical concerns aiding the uptrend
Nuvama Wealth posts steady Q3 performance
Consolidated revenue from operations rose 0.6 per cent year-on-year to 1,104.19 crore, compared with 1,034.35 crore in the December quarter of the previous financial year
BPCL posted an 89% surge in Q3FY26 net profit to Rs 7,188 crore on higher refining margins and revenue growth. The oil PSU also declared a Rs 10 interim dividend, while maintaining a stronger balance sheet with lower leverage.
Kotak Bank Q3 Preview: PAT may grow by up to 3% YoY, NII to rise up to 5%. 7 things to know
Kotak Mahindra Bank is expected to post modest Q3FY26 profit growth of 13%, aided by steady loan expansion, stable margins and improving asset quality. Brokerages see resilient earnings, controlled credit costs and moderate NII growth ahead of results on January 24.
Indian buyers cancel 1.3 lakh tonnes of soyoil deals with South America
Rupee depreciation, price gap between domestic and imported oil lead to cancellation; domestic bean prices gain
Stock Market Holiday: Are NSE, BSE closed for Republic Day on January 26?
Indian stock markets and commodity exchanges will remain closed on January 26 for Republic Day. Trading resumes January 27. The holiday begins a 15-day closure calendar for 2026, as investors navigate markets amid global trade tensions, FII outflows and earnings.
Indian stocks dive, rupee hits record low amid market sell-off
Sensex, Nifty fall sharply; smallcaps, midcaps see heavy selling
Luxury fashion platform Pernias Pop-Up Shop is heading for the stock market after Sebi cleared parent Purple Style Labs Rs 660 crore IPO. Backed by celebrity investors, the digital-first brand has posted rapid revenue growth and built a strong domestic and global presence.
Markets log steepest weekly fall in 4 months, as small-cap and mid-caps bleed
Experts now pin hopes on the upcoming Budget and India-EU trade deal
UltraTech Cement is expected to post a steady Q3FY26 performance driven by strong volume growth, healthy revenue expansion and improved profitability. Brokerages estimate a QoQ PAT rise of up to 25% and revenue growth of up to 11%, supported by better demand, higher capacity utilisation and easing cost pressures.
Indias forex reserves jump $14.17 billion to $701.36 billion
The increase comes after a modest USD 392 million rise the previous week
Gainers & Losers: Adani Green, Ixigo and Paytm among 6 stocks under spotlight on Friday
Adani Green, Ixigo, Paytm and other major stocks saw sharp moves on Friday as markets slipped amid broad-based selling.
Indian bonds fall most in a week on state debt supply jitters
Indian government bonds fell on Friday, ending a three-day winning streak, as traders feared the market may struggle to absorb fresh state debt supply next week.
MMTC-PAMP urges policy support to strengthen Indias precious metals refining
The industry seeks input-related benefits via FTAs or widened duty differentials to encourage investment and enhance refining capacity
Bike taxis back on Karnataka roads, aggregators breathe easy after high court relief
The Karnataka High Court has legalized bike taxis by ruling that motorcycles fall under the transport vehicle definition of the Motor Vehicles Act, 1988.
Hindustan Zinc among 7 stocks that hit 52-week high; rally up to 17% in a month
Seven BSE 200 stocks, including Hindustan Zinc and Vedanta, hit fresh 52-week highs on Friday despite a market slump, extending their strong 1-month rallies of up to 17%.
WhatsApp leaks expose gaps in India Incs insider controls
Hatsun Agro, ICICI Lombard reported incidences of inadvertent postings of key persons in WhatsApp
DIIs raises stake in 10 largecap stocks for 4-consecutive quarters
Urban Company Q3 Results: Co reports loss of Rs 21 crore, revenue up 33%
Urban Company slipped to a Rs 21 crore Q3 loss as heavy investment in InstaHelp hurt earnings, despite 33% revenue growth. Core businesses stayed profitable, margins improved, and management expects continued growth while near-term losses persist from expanding housekeeping services.
With gold prices seeing a surge, it is better to get insurance for the gold jewellery that you have in safe deposit lockers.
Hindustan Zincs market value crossed Rs 3 lakh crore after a threefold surge in silver prices propelled the stock to the top of Indias metals sector. Shares jumped over 6% on Friday, with the company overtaking peers including parent Vedanta. Strong fundamentals and rising silver prices have prompted multiple broker upgrades.
Adani Power raises 7,500 crore from mutual funds, ICICI Bank and 15 other institutions via NCD issue
Adani Power raised Rs 7,500 crore through NCDs from major domestic institutions to refinance debt and fund operations. The fundraising comes amid sharp selling in Adani stocks, even as investors cite strong fundamentals, expansion plans, and a relatively conservative balance sheet.
IndusInd Bank Q3 Results: PAT drops 89% YoY to Rs 161 crore; NII falls 13%
IndusInd Bank Q3 Results: IndusInd Bank's net profit saw a significant drop of 88.5% year-on-year for the December quarter. Despite this, the profit was in line with market expectations. Net interest income decreased, but net interest margins improved. The bank's balance sheet size and advances also saw a decline. Non-performing assets increased, while the provision coverage ratio improved. Capital adequacy ratios remained strong.
Rupee sinks to all-time low, logs steepest weekly fall in 6 months on outflows, hedging
Pressure on the rupee built steadily through the week and the month, with foreign investors continuing to pare equity exposure while importers and corporate firms stepping up hedging in anticipation of further depreciation
JSW Steel Q3 Results: Cons net profit soars 198% YoY to Rs 2,139 crore, revenue up 11%
JSW Steel Q3 Results: JSW Steel announced a significant 198% year-on-year surge in its consolidated net profit for the December quarter, reaching Rs 2,139 crore. This impressive growth was accompanied by an 11% year-on-year increase in its Q3FY26 revenue, which stood at Rs 45,991 crore.
India Cements Q3 Results: UltraTech-owned co's loss narrows to Rs 5.72 cr on higher sales volumes
India Cements posted a smaller third-quarter loss on Friday compared to a year earlier, helped by a 25% jump in sales volumes as parent UltraTech Cement ramps up capacity to meet an uptick in demand.
Indian Oil sources crude from Angola, Brazil, Middle East amid Russia pullback
The move comes as Indias Russian oil imports fell to a two-year low in December amid tougher Western sanctions
Cipla shares slide 5% after drug major's Q3 net profit drops 57% YoY
Cipla shares dropped 5% after reporting a 57% year-on-year decline in net profit to Rs 676 crore, impacted by a fall in gRevlimid sales. Revenue remained flat at Rs 7,074 crore, with EBITDA also declining. The company plans upcoming launches to offset revenue decline and drive future growth.
Weak rupee forces India to scrap South American soy oil shipments
Higher global prices and a weaker rupee have pushed imported soy oil well above local prices, while palm oil trades at a discount
Definedge Securities Broking launches algo trading platform for retail investors
Institutional investors and proprietary traders have dominated algorithmic trading, generating 97% of FPI profits and 96% of proprietary trader profits in F&O in FY2
Q3 Profit Boom: 10 smallcaps surge up to 150% in a year, 3 become multibaggers
Strong December quarter results highlight a powerful smallcap rally, with many firms posting over 25% profit growth. Several stocks delivered 50150% returns, including multibaggers, underscoring how earnings momentum, scale, and execution are translating into sustained shareholder wealth creation.
Valuations still stretched, real opportunity emerging in small,microcaps: Venkatesh Balasubramaniam
JM Financials Venkatesh Balasubramaniam says Indian equity valuations remain stretched despite recent correction, with real opportunities emerging gradually in smallcaps and microcaps. He advises staggered investing over 612 months, expects limited upside from largecaps in 2026, sees Budget as non-market-moving, and prefers consumer, auto, NBFC, hotel and real estate stocks while staying cautious on banks, IT, utilities and pharma.
Silver Price Today January 23: Latest Rates in Delhi, Mumbai, Kolkata, Chennai and Bengaluru & more
1 kg Silver price today, January 23, 2026 across Indian cities
Rupee plummets to fresh record low, strong dollar demand weighs
The rupee slipped to 91.77, slipping past the previous record low of 91.7425 hit on Wednesday, falling about 0.2% on the day
Ixigo parent shares tumble 16% post Q3 results. Buy the dip or bail out?
The selloff follows management commentary on resilient operating performance during December, a month marked by industry-wide disruptions after large-scale IndiGo flight cancellations and rescheduling across the country.
Vedanta shares rise 3%, hit record high as LME copper, aluminium prices gain. Will stock hit Rs 800?
Shares of Anil Agarwal-led Vedanta Ltd rallied as much as 3% to their fresh 52-week high of Rs 699 on the BSE on Friday after copper prices bounced back to inch closer to its fresh high of $13,407 on the London Metal Exchange. Zinc prices also edged higher by about a percent.
Shriram Finance Q3 Results: PAT falls 29% YoY to Rs 2,522 crore, NII rises 16%
Shriram Finance Q3 results: Shriram Finance reported a 29% YoY fall in its December quarter standalone net profit at Rs 2,522 crore compared to Rs 3,570 crore reported in the year ago period.
Rupee plummets to fresh record low of 91.95 vs USD as dollar demand strengthens
The Indian rupee plunged to a fresh all-time low on Friday, as dollar demand from corporates and importers outweighed early moves and compounded existing pressure on the currency.
Sensex, Nifty tumble nearly 1%, IT & FMCG stocks stage resilience, Adani stocks drag
Among Nifty 50 components, Dr Reddys Laboratories, Asian Paints, Hindustan Unilever, Tech Mahindra and TCS led the gainers
Indian equities experienced a sharp decline on Friday, with the Sensex and Nifty erasing early gains due to persistent foreign institutional investor (FII) selling. FIIs offloaded equities worth Rs 2,550 crore on Thursday, marking the 13th consecutive session of net selling in January, significantly impacting market sentiment and capitalization.
Gold shines as equity momentum cools, says PL Asset Management
Precious metals outperform as Indian stocks consolidate
Adani Group stocks tumbled up to 10% after the US SEC sought court permission to email summons to Gautam Adani and Sagar Adani regarding an alleged $265 million bribery scheme. India had previously rejected official requests for service, citing procedural grounds. The SEC is pursuing the case, which involves allegations of bribing Indian officials and misleading US investors.
Sebi accuses executives at EY, PwC and others of insider trading in 2022 Yes Bank case: Report
India's market regulator has accused top executives from PwC and EY, along with global private equity firms Carlyle and Advent, of insider trading. The allegations stem from a 2022 Yes Bank share sale. SEBI claims these individuals shared confidential information, leading to unlawful gains. This action highlights a crackdown on market manipulation and insider trading in India.
Realty weakness overdone, midcap correction throws up long-term opportunities: Sandip Sabharwal
Market expert Sandip Sabharwal suggests real estate stock pessimism may be misplaced due to accounting practices, highlighting DLF, Godrej Properties, and Prestige as selective buying opportunities. He also sees potential in large banks and select NBFCs, with midcaps and smallcaps offering the best risk-reward over two years.
Eternal shares have fallen, erasing nearly $2 billion in market value, despite brokerages raising target prices, creating uncertainty for investors. The decline comes even as Blinkit turned EBITDA-positive amid intense competition, and a leadership change with CEO Deepinder Goyal stepping down may have added to market jitters.
Paytm shares tumble 10%, down in 4 out of 5 sessions. What's behind the fall?
Paytm's stock experienced a significant drop due to market worries about the Payment Infrastructure Development Fund. This scheme's potential discontinuation could impact digital payment providers. However, a brokerage firm has initiated coverage with a positive outlook, forecasting substantial growth. Meanwhile, domestic mutual funds have reduced their holdings in Paytm for the first time since its debut.
Robert Kiyosaki shrugs off price swings, doubles down against dollar amid metals, crypto surge
The rally has spilled into Indian markets, where silver-linked exchange-traded funds have posted outsized gains. Tata Silver ETF jumped 17%, while Nippon India Silver ETF, DSP Silver ETF, and ICICI Prudential Silver ETF rallied about 1011%. MCX Silver March futures were trading around 2.2% higher at roughly Rs 334,600 per kg.
22K & 24K gold price today, January 23, 2026 across Indian cities
Largecap IT looks safer than midcaps; IndiGo correction offers upside: Sandip Sabharwal
Market expert Sandip Sabharwal highlights opportunities in strong large-cap stocks amidst volatility. He sees potential in InterGlobe Aviation due to its financial strength and market dominance. The IT sector offers moderate returns with improving order signings. Sabharwal advises extreme caution on financial stocks, especially after the IIFL episode.
ideaForge Technology shares tank 5% as Q3 net loss widens by 41% YoY
ideaForge Technology's shares dropped 5% after reporting a widened net loss of Rs 33.85 crore in the December quarter, despite a 79% revenue jump. Elevated material costs significantly compressed gross margins to 23.7%. The company, however, sees a strong order book and anticipates improving margins and profitability in the upcoming quarter.
Insurance reforms could unlock vast growth opportunity: Dinesh Kumar Khara
India's insurance sector is set for a major transformation. New reforms are expected to bring global standards and boost insurance coverage across the nation. This move aims to address the current low penetration levels and offer better products to the public. The changes are designed to improve pricing and accessibility, paving the way for sustainable growth in the insurance industry.
What Ashish Kacholia, Mukul Agrawal, Vijay Kedia, Dolly Khanna bought and sold in Q3
Veteran investors Ashish Kacholia, Mukul Agrawal, Vijay Kedia and Dolly Khanna remained active in Q3 FY26, selectively adding new stocks, raising stakes and trimming exposure amid a sharp selloff in smallcap equities.
Silver ETFs rally up to 17% in dramatic reversal, but will $100 barrier throw bulls out of the game?
Silvers sharp rally has boosted Indian silver ETFs, led by a 17% jump in Tata Silver ETF, as global prices near the key $100 level. Gold and silver hit record highs amid geopolitical tensions, a weaker dollar and expectations of Fed rate cuts.
Tanla Platforms shares jump nearly 12% on double-digit Q3 FY26 growth
Tanla Platforms shares surged 11.87% to Rs 501.85 after reporting double-digit revenue and profit growth for Q3 FY26. Net sales rose 12% YoY to Rs 1,121 crore, with net profit up 11% to Rs 131 crore. The company's CEO hailed the quarter as a milestone, with strong performance across all key metrics.
Trumps mortgage bond plan shows limited impact as market risks cloud housing outlook
President Trumps mortgage bond plan is offering only marginal relief, with Reuters noting limited impact on mortgage rates and persistent affordability pressures. Analysts say structural supply shortagesnot financingare the main constraint on the U.S. housing market. Meanwhile, rising Treasury yields and geopolitical risks threaten to push borrowing costs higher.
Bitcoin remains range-bound near $89,800 as investors look for cues
Bitcoin is trading in a narrow range near $89,800 as investors await fresh triggers. Analysts cite weak liquidity, ETF outflows and macro uncertainty, though price stability near $90,000 suggests underlying conviction remains intact despite broader market caution.
Markets volatile, but earnings and structural story remain intact: Mayuresh Joshi
Indian equity markets show resilience despite recent incremental weakness, with the broader outlook dependent on earnings visibility and global developments. While current earnings are mixed, a rebound is anticipated later in the year, driven by inventory rationalization and stronger growth expectations. Global events, particularly US trade policy, remain a key overhang, though potential trade deals could boost sentiment.
Why Central Bank Independence Matters: Global lessons as Trump targets Fed Governor
Central bank independence is crucial for economic stability, as it helps control inflation and maintain confidence. Research shows that political interference in monetary policy often leads to higher inflation, currency weakness and slower growth.
Premier Energies stock hits 52-week low, UBS flags near-term pressure
The company reported a steep 65% decline in standalone net profit for the quarter ended 2025, with profit falling to 12.58 crore compared with 35.9 crore in the corresponding quarter last year
FII selling, weak rupee and oil prices drag Indian markets, but long-term story intact: Mark Mobius
Mark Mobius says Indias recent market correction is driven by FII outflows, weak rupee, higher oil prices and global uncertainty, not a broken growth story. He expects earnings-led FII return, reforms and infrastructure push in the Budget, stays bullish on India over China long term, and recommends equities alongside gold and silver for diversification.
