The Economic Times News

Titan Company's consumer businesses surged 40% year-on-year in Q3FY26, with international and domestic segments growing 79% and 38% respectively. The company expanded its retail network by 56 stores, reaching 3,433. Jewellery sales jumped 41% driven by price increases, while watches and eyecare also saw significant growth.

Indian equities closed lower as Sensex and Nifty retreated from record-adjacent levels, dragged by Reliance Industries and HDFC Bank amid profit booking. Analysts expect a range-bound market, with global uncertainties and Q3 earnings guiding near-term direction and sectoral rotation risks.

US Federal Reserve Governor Stephen Miran said Tuesday he saw the need for a significant drop in interest rates in 2026, advocating for a larger decline than the central bank has so far signaled.

Nifty declined for a second straight session, dragged by energy stocks and Reliance Industries. Analysts see near-term consolidation, with support near 26,000 and upside potential emerging only if the index decisively crosses 26,300.

Wall Street's main indexes opened subdued on Tuesday, as investors took a breather after the main indexes posted their biggest intraday gains in weeks in the previous session, while markets braced for a data-heavy week of labor reports.

Zerodha founder Nithin Kamath said SEBIs 15% open interest cap restricts broker growth but protects consumers by limiting concentration risk, ensuring no single broker dominates markets while encouraging overall industry expansion.

Further U.S. Federal Reserve interest rate changes will need to be finely tuned to incoming data given risks to both the Fed's unemployment and inflation goals, Richmond Fed president Tom Barkin said on Tuesday.

Sebi has proposed a uniform 30-day lag for sharing and using market price data for educational purposes, balancing data misuse concerns with content relevance, and invited public feedback by January 27, 2026.

Leasing of office spaces stood at a record 82.6 million sq ft last year across nine major cities on better demand from domestic and foreign companies, according to CBRE.

Morgan Stanley is seeking regulatory approval to launch exchange-traded funds tied to the price of cryptocurrency tokens, according to filings with the U.S. Securities and Exchange Commission on Tuesday, the first such move by a big U.S. bank.

Morgan Stanley forecast gold would hit $4,800 per ounce by the fourth quarter of this year, exceeding last year's records, citing falling interest rates, a change in leadership at the Federal Reserve, and buying by central banks and funds.

A look at the 10 midcap stocks trading at exceptionally high P/E ratios, including Nykaa, FACT, PB Fintech and more.

Institutional investments in Indian real estate rose 29 per cent to a record USD 8.47 billion last year, despite a 16 per cent drop in foreign fund inflow due to global uncertainties, according to Colliers India.

Indian government bonds rebounded on Tuesday, snapping a two-session losing streak, as the market absorbed hefty state debt supply without any major spike in yields, boosting sentiment.

Trent slumped over 8% after disappointing Q3 updates dampened sentiment, Groww initially gained on a positive brokerage initiation before giving up gains, and Reliance Industries fell sharply following reports linked to Russian oil shipments, which the company denied.

New Consolidated Construction Company Ltd (NCCCL) has bagged a Rs 112.5 crore contract from realty firm Lodha Developers.

Ten BSE midcap stocks touched fresh 52-week highs despite a weak broader market, with some delivering gains of up to 27% over the past month, signalling sustained bullish momentum.

Institutional investments in the Indian real estate sector reached a record $8.5 billion in 2025, a 29 per cent yearonyear rise, a report said on Tuesday.

Indian Energy Exchange shares surged after APTEL raised concerns over CERCs proposed market coupling rules, hinting at a possible rollback. The rally was supported by strong Q3 FY26 volume growth and softer power prices.

The Indian rupee ended marginally higher on Tuesday, breaking its four-day losing streak as state-run banks and foreign lenders sold dollars.

The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 declined 71.6 points, or 0.27%, finishing the session at 26,178.70.

Niftys recent pullback is a healthy correction, not a trend reversal, says HDFC Securities AVP and Senior Technical & Derivative Analyst Vinay Rajani. Key support lies at 26,100, while Bank Nifty continues to outperform. Reliance looks technically stronger, while Trent remains weak in the short term, with selective opportunities still visible across large-cap stocks.

Copper prices jump to Rs 1,334.70 on fresh supply concerns, with global demand support. Experts suggest buying on dips near Rs 1,300 for short-term gains of up to 4%.

A smart-money screen of BSE small-cap stocks highlights companies with strong earnings growth, healthy margins and rising mutual fund ownership. Applying performance filters narrowed the universe to standout performers in FY26, including several multibaggers, indicating where institutional investors have quietly increased exposure to fundamentally robust businesses.

Insurtech firm Turtlemint Fintech Solutions Ltd is set to file its updated draft papers with markets regulator Sebi in the next two weeks as it prepares to launch its Rs 2,000-crore initial public offering (IPO) anywhere between March and April, people familiar with the development said on Tuesday.

Japan's Nikkei share average marked a record closing high on Tuesday as the outlook for domestic company's profits improved.

Cement prices saw a slight dip last quarter, but robust demand and increasing volumes offer strong sector support. Despite short-term price volatility due to capacity additions and cost pressures, the medium-term outlook is positive. Price hikes are emerging in March, especially in non-trade segments, signaling a volume-driven cycle.

Strong Q3 credit growth signals an improving economic cycle in India, with large banks outperforming smaller lenders. Market expert Sandip Sabharwal highlights Axis, ICICI, Kotak and State Bank of India as preferred picks, shares caution on retail and ITC after tax hikes, and outlines opportunities in autos, FMCG and power equipment stocks.

NALCO shares hit a record high after gaining 12% in four sessions, supported by a sharp rise in global aluminium prices and tightening supply conditions. Strong demand from construction, renewables and EV sectors, along with the companys improving earnings and expansion plans, further boosted investor sentiment.

Copper prices extended their rally, with MCX January 2026 futures jumping over 1.3% to Rs 1,330.45 per kg, nearing lifetime highs. The metal has surged sharply from a low of Rs 913.70, with record levels now within reach.

Rekha Jhunjhunwala has likely exited Canara Bank after her stake fell below 1% in Q3, ending a highly profitable multiyear investment. The move follows a sharp rally in the stock, which gained nearly 60% over the past year amid improving asset quality, strong credit growth and renewed investor interest in PSU banks.

Oil prices fell on Tuesday, further easing inflation concerns, as the market weighed the prospect of higher Venezuelan crude output following the U.S. capture of President Nicolas Maduro.

DSP Mutual Funds latest NETRA report debunks 12 widely held market myths, challenging assumptions around gold, equity returns, GDP growth, fund performance, index targets and SIP timing, and urges investors to rely on data, diversification and valuation discipline.

Bajaj Auto shares rose after Emkay upgraded the stock to Buy, citing strong growth prospects ahead. The brokerage set a target of Rs 11,100, implying 17% upside, with domestic brokers turning bullish after a muted 2025.

Adani Enterprises' Rs 1,000 crore non-convertible debenture issue was fully subscribed in under an hour, with the base Rs 500 crore snapped up in just 10 minutes. Strong investor appetite, particularly from non-institutional investors, drove the swift sellout. The bonds offered attractive annual coupons up to 8.9% for maturities of two, three, and five years.

Global markets show resilience despite geopolitical events. Investors remain composed, with equities holding firm. Gold saw a safe-haven rush, while oil prices showed little reaction. Energy stocks outperformed. Experts believe the US economy and global markets are proving resilient. Emerging markets, including India, are expected to perform well this year.

Waaree Energies shares fall 2.7% on ninth consecutive session as bearish charts dominate, despite Rs 1,003-crore fundraise for advanced battery expansion.

Bharat Coking Coal Ltds IPO is drawing strong interest ahead of its January 9 opening, with a grey market premium of Rs 1314 indicating a potential 56% listing gain. The Rs 1,071-crore offer is a pure OFS, and Coal India shareholders as of January 1, 2026, are eligible under the shareholder quota in the offer.

Global markets showed muted reactions to the U.S. announcement of taking control over Venezuela, despite rising geopolitical risks. Asian equities rose, oil prices dipped slightly, and gold saw modest gains as investors sought safe-haven assets. Analysts attribute the calm to Venezuelas relatively small current oil output and the long-term nature of any production recovery.

Japan's 10-year government bond yield increased on Tuesday. This followed a bond auction with a moderately firm outcome. Market participants are concerned the Bank of Japan is not acting fast enough on inflation. They expect further interest rate hikes. Longer-dated bond yields also saw an upward movement. Shorter-dated yields experienced a slight decrease.

Indian government bonds saw little movement today. This cautious trading comes as a large state debt sale is scheduled. The sale is expected to test demand in a market with fewer buyers. State governments plan to borrow a significant amount. This borrowing is part of a larger debt issuance for the quarter. Traders anticipate higher yields to absorb the supply.

Mid-tier IT firms are set to outperform largecaps in Q3 as brokerages expect stronger sequential growth for players like Coforge, Persistent and LTIMindtree despite seasonal furloughs. While deal momentum in cloud, data and AI remains healthy, guidance suggests Infosys may raise its FY26 outlook, with Wipro staying subdued.

Cupid shares staged a strong recovery, bouncing back significantly after a recent steep correction. This rebound is attributed to short covering and renewed investor confidence in the company's long-term fundamentals. Cupid had previously clarified to stock exchanges that it was unaware of any undisclosed material events causing the unusual share price movement.

Tata Steel, one of 2025s best-performing Tata Group stocks, may extend its gains in 2026 as analysts highlight strong domestic growth, rising India volumes, supportive tariffs, and a robust expansion pipeline. Despite European challenges, improving cash flows, deleveraging, and higher earnings estimates reinforce bullish sentiment heading into the new year.

Bitcoin hovers near $94,000 while Ethereum stays above $3,200 as major altcoins rally. Market optimism is supported by institutional activity and US-Venezuela geopolitical developments.

HDFC Bank shares fell for a second straight day after its Q3FY26 business update. Despite healthy growth in advances and deposits, the stock was weighed down by weak market sentiment and worries over deposit traction.

Ola Electric shares extended their rally for a fourth consecutive session, rising over 4% to Rs 45.87 on the NSE. The surge is driven by improving operational performance, strong December demand, and the rollout of the Hyperservice program, which boosted service efficiency and market share across major EV states.

Indian equities saw renewed interest in interest-rate sensitive and consumption-linked pockets, with real estate and FMCG stocks drawing attention. Market participants are increasingly hopeful that the December quarter could mark a turnaround for the real estate sector. Select banking names also remained in focus, with CSB Bank highlighted for its strong provisional numbers and growth potential.

Punes housing market stayed strong in 2025 with nearly 44,000 launches, driven by a sharp rise in high-end and luxury homes. Premium projects dominated supply, lifting capital values and expanding activity in North and North-East corridors. Robust demand from IT hubs and ongoing infrastructure upgrades continue to support market momentum.