The Economic Times

The Elara-owned Oyster Bay Fund borrowed from Nomura to make leveraged bets on Adani Enterprises and Adani Ports. Those positions collapsed after Hindenburg Researchs January 2023 report accused the Adani Group of brazen stock manipulation and suggested Elara-linked funds were involved, according to High Court filings.

ITC Hotels reported strong December-quarter performance with revenue rising 21% and profit increasing, driven by higher occupancy, improved room rates, robust weddings and MICE demand, strong F&B growth, and continued expansion, adding new hotels and expanding its nationwide portfolio.

Four BSE 500 stocks, including Hindustan Zinc, SBI and Bank of India, hit 52-week highs on Tuesday despite a sharp market sell-off, extending monthly gains of up to 16%.

Indias defence spending may not rise sharply as a share of GDP, but capital outlays are set to grow 810% annually, says Amit Anwani of PL Capital. Aero engines, missiles and defence electronics could benefit, while execution and order delivery will matter more than fresh allocations. Submarine orders may boost shipbuilders.

Realty firm Embassy Developments on Tuesday said it will invest Rs 7,000 crore in the Mumbai market to build three new luxury housing projects and complete three ongoing projects as part of its strategy to expand its business amid strong consumer demand.

Realty firm Lodha Developers Ltd will invest Rs 1.3 lakh crore to build a 2.5 gigawatt data centre park near Mumbai as part of its strategy to expand business.

The Indian rupee extended losses to a fifth consecutive session on Tuesday as strong dollar demand continued to put pressure on the currency, while a fresh low was averted after likely central bank intervention.

Axis Direct expects the FY27 Union Budget to balance growth and fiscal discipline, with a projected deficit of 4.24.4% of GDP, and has identified 26 stocks across eight sectors that could benefit from capex-led growth.

Gold surged past the Rs 1.5 lakh mark for the first time as geopolitical tensions, tariff threats, strong investor demand, central bank buying, de-dollarisation trends, and rupee weakness combined to drive prices sharply higher in 2026.

ITC Hotels posted strong Q3FY26 results, with net profit surging 77% year-on-year to Rs 235 crore and revenue rising 47%, driven by robust hotel demand, sequential growth, and the first real estate revenue contribution, despite higher costs and stock reaction.

Copper prices have stalled in early 2026 after a stellar 62% rally last year, with profit booking and volatility capping gains. While near-term momentum has softened, analysts say strong fundamentals and supply constraints continue to support the medium-term outlook.

Tata Capital is focusing on growth and customer affordability. The company is passing on lower funding costs to customers. Credit costs are declining and expected to go below 1% ahead of schedule. A 23-25% annual growth outlook remains intact. Operating efficiency and GenAI will drive profitability. Return on assets is projected to improve.

Mutual funds ramp up stakes in 13 smallcap stocks that have surged up to 170% in FY26, with five turning multibaggers.

Gold prices surged past Rs 1.5 lakh per 10 grams on Tuesday, driven by renewed trade war fears after U.S. President Donald Trump's tariff threats. This escalation prompted investors to seek safe-haven assets, significantly boosting demand for the yellow metal.

Indian stock markets saw a sharp fall on Tuesday. The Sensex and Nifty dropped to their lowest points in over two months. This decline followed losses in the previous session. Mixed corporate earnings, foreign fund outflows, and global trade uncertainty contributed to the weak sentiment. Information technology stocks led the selloff.

PhonePe has secured SEBI approval for its Initial Public Offering. The company will soon submit its Updated Draft Red Herring Prospectus. This move signals India's most anticipated fintech IPO is on the horizon. The IPO will involve an Offer For Sale by existing shareholders. PhonePe leads India's digital payments market.

IEX shares fell sharply on Tuesday ahead of APTELs hearing on the market coupling issue, extending their two-day decline. Investor caution has risen as CERC signalled that market coupling will not proceed until proper regulations are framed, while past orders face uncertainty.

JM Financial has initiated coverage on LG Electronics India with a Buy rating and a target price of Rs 1,630, implying a 20% upside. The brokerage cites LGs market leadership, strong manufacturing base, collaboration with its Korean parent and robust financials, while noting risks from competition, supplier dependence and royalty hikes.

Global markets tumbled Tuesday as U.S. futures indicated sharp declines following President Trump's threat of new tariffs on eight European countries. Asian shares mostly fell, with Tokyo's Nikkei down 1.1% amid election speculation and rising bond yields. European markets also opened lower, reflecting concerns over trade tensions and corporate earnings.

Indian markets remain range-bound below 26,000, but key support at 25,450 could trigger a rebound, says Gautam Shah, Founder of Goldilocks Global Research. PSU banks and metals offer better risk-reward amid fair valuations, while FMCG and IT stocks remain expensive. Selective, concentrated investing is key as markets await budget-led triggers.

Japanese government bonds (JGBs) plunged, sending yields to record highs, while Tokyo stocks and the yen also fell after Prime Minister Sanae Takaichi's calling of a snap election shook confidence in the country's fiscal health.

Eternal anticipates strong growth in the December quarter. Blinkit's shift to a first-party model and quick commerce are key drivers. Food delivery shows steady demand and improving margins. Blinkit's rapid expansion continues, but losses persist. Hyperpure also sees growth. Analysts will watch competitive intensity and Blinkit's path to profitability.

Arohan Financial Services plans to launch an Initial Public Offering (IPO) of Rs 1,500 crore in the second quarter of the next financial year. The NBFC-MFI aims to raise Rs 750 crore through fresh shares and Rs 750 crore via an offer for sale by existing investors. The company is also looking to diversify into secured lending products.

Shadowfax Technologies IPO opened with 15% subscription on Day 1, driven by strong retail interest. Grey market premium suggests a 6% listing gain, though sentiment has cooled. Analysts advise a neutral stance amid premium valuations.

Bitcoin slipped to the $91,000 level amid risk-off sentiment triggered by escalating USEU trade tensions. Broader crypto markets remained subdued as liquidations flushed out leverage, while analysts noted continued consolidation within a wide range, with macro cues and policy signals likely to drive the next directional move.

Dr Reddy's Laboratories anticipates a subdued performance for the December quarter. Pressure from its United States business is expected to offset steady growth in India and Europe. Analysts predict a decline in revenue and profit after tax. The US market faces challenges from pricing pressure and reduced contribution from gRevlimid.

Bajaj Electricals is venturing into the wires segment, boosting its stock by 11%. This strategic move aims to capitalize on rising demand and diversify operations. While existing players like RR Kabel and Havells saw dips, experts highlight the segment's resilience and consistent growth, even with fluctuating copper prices. The company plans a phased investment based on market response.

Jindal SAW shares climbed nearly 20% in two sessions, hitting an intraday high of Rs 188.38 on Tuesday. This surge followed strong sequential earnings growth in Q3FY26, with profit after tax rising 78% QoQ. The company also reported a robust order book of US$1,481 million and progress in reducing long-term debt, boosting investor confidence.

Punjab National Bank shares slid 5% over two sessions after its December-quarter results, as margin contraction and a cut in NIM guidance overshadowed a profit beat and improving asset quality. Brokerages remain divided, with concerns over sustained margin pressure offset by stable credit growth and strong recoveries.

Market expert Sandip Sabharwal highlights banking sector challenges with deposit growth and liquidity. NBFCs show promise, with specific names mentioned. The QSR space faces subdued consumer demand, leading to mergers and investor exits. Future performance hinges on demand revival and cost management. This analysis covers current trends and future outlooks.

Japanese government bond yields have reached record highs. This surge is driven by worries over potential tax cuts ahead of an election. These cuts could strain government finances. A weak auction for 20-year debt has intensified the sell-off. Market participants are cautious, with no clear buyers at current levels. Political uncertainty and fiscal outlook are key concerns.

As Budget 2026 approaches, the stock market is demanding tax relief amid persistent foreign investor selling and weak returns. India's equity taxation has evolved significantly, with long-term capital gains tax reintroduced in 2018 and short-term gains recently increased. Market participants hope for policy adjustments to revive inflows and confidence.

Indian equity markets are experiencing cautious stability during the earnings season, with IT and financials under scrutiny. While overall earnings are steady, extraordinary write-offs are distorting results. The wires and cables segment stands out with robust growth, unlike other construction-related sectors, as demand remains strong despite rising copper prices.

HDFC Bank shares remain under pressure despite in-line Q3 results as deposit concerns and a stretched CD ratio weigh on sentiment. Brokerages stay constructive, citing medium-term growth visibility, valuation comfort, and gradual normalisation of balance sheet metrics.

Bharat Coking Coal Ltd shares saw a significant jump after their market debut. The company's initial public offering was heavily oversubscribed, indicating strong investor interest. Experts suggest short-term investors book profits while long-term investors can hold with a stop-loss. BCCL's strategic importance in India's coal sector and future earnings potential are key drivers.

Silver has surged over 35% in early 2026, driven by supply constraints and rising geopolitical tensions. Prices hit record highs on the MCX, crossing Rs 3 lakh per kg and jumping further this week amid renewed USEU tensions, prompting investors to reassess their positions.

Jefferies expects limited surprises in the FY27 Union Budget, with the government sticking to fiscal consolidation while focusing on defence-led capex and targeted consumption support. The FY27 fiscal deficit is seen around 4.2% of GDP, though a higher 4.4% could signal a growth push, supporting equities but pressuring bond yields.

Ola Electric Mobility shares dropped significantly after CFO Harish Abichandani resigned, citing personal reasons. This marks the second executive departure in two months. The company also launched its first residential Battery Energy Storage System, 'Shakti', powered by its indigenous 4680 Bharat Cells, aiming to transform energy access for households and businesses.

Indian government bonds saw a firming trend Tuesday, driven by bargain buying as the 10-year yield held below a crucial level. Reduced state debt supply for the week also bolstered sentiment. Traders anticipate limited market movement until the federal budget announcement on February 1, with focus shifting to a significant state debt sale later today.

Industry groups in Germany have responded with alarm, warning that such measures would strain transatlantic relations and damage both sides. Business associations criticised the escalation as harmful and unnecessary, stressing that political disputes should not spill over into trade. Exporters and wholesalers also voiced strong support for Denmark, underscoring that democratic principles should not be undermined by economic pressure.

Budget 2026 will be crucial for Indias bond market, with investors seeking fiscal continuity, credible deficit targets and transparent consolidation. Borrowing strategy, capex execution, and small savings flows will shape yields, while improved market microstructure gains importance amid deferred global index inclusion, making trust between fiscal policy and markets essential.

Shadowfax Technologies' IPO opens with a high valuation, trading at over 1,000 times its latest earnings. Despite a premium valuation compared to peers like Blue Dart Express and Delhivery, analysts point to strong revenue growth and an asset-light model as potential drivers.

The US Supreme Court is set to hear a landmark case that could test the Federal Reserves independence, as it examines whether a president can remove a Fed governor. The case, stemming from Donald Trumps attempt to oust Governor Lisa Cook, could either reinforce the central banks insulation from political pressure or clarify how presidents might lawfully exert control, potentially redefining the limits of presidential authority over monetary policy.

Tariff threats from President Trump have revived Sell America fears as markets brace for renewed trade war tensions. European equities fell, the dollar weakened, and safe-haven currencies gained, while investors assess the risk of escalated U.S.EU retaliation and potential shifts in European exposure to U.S. assets, Reuters reported.

UPLs seed business Advanta Enterprises has filed draft IPO papers with Sebi for a proposed offer for sale, allowing the agrochemicals group and other shareholders to partially monetise their holdings amid an active Indian primary market.

Retail-dominated Indian stocks have experienced significant declines, with top performers crashing up to 43% since June 2024. This sharp correction, particularly in stocks with high retail ownership, highlights the vulnerability of crowded trades when market momentum shifts. Several prominent companies across sectors like infrastructure, green energy, and IT have seen substantial losses.

As Budget 2026 nears, India's real estate sector seeks policy continuity, fiscal support, and structural reforms to sustain growth. Industry leaders emphasize affordability, infrastructure, capital access, and regulatory efficiency to boost confidence across residential, commercial, and mixed-use segments, positioning real estate as a key driver of urban transformation and economic progress.

Brokerages have started covering eleven Indian stocks this week. Analysts are positive on companies like Groww, Angel One, and Meesho. They predict potential gains of up to 51% for some stocks. This coverage includes companies in broking, insurance, and hospitality sectors. Investors can find new opportunities with these initiated reports.