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Trendlyne Marketwatch
05 Jan 2026, 04:02PM
Market closes lower, amid rising geopolitical uncertainty due to US military action in Venezuela
By Trendlyne Analysis

 

 

Nifty 50 closed at 26,250.30 (-78.3, -0.3%), BSE Sensex closed at 85,439.62 (-322.4, -0.4%) while the broader Nifty 500 closed at 24,058.45 (-40.6, -0.2%). Market breadth is in the red. Of the 2,621 stocks traded today, 931 were on the uptick, and 1,627 were down.

Nifty 50 closed lower after erasing the gains in the morning session. The Indian volatility index, Nifty VIX, rose 6.1% and closed at 10 points. Union Bank of India surged to its 52-week high of Rs 162.9 per share as its Q3FY26 total deposits grew 3.4% YoY to Rs 11.8 lakh crore, and gross advances jumped 7.1%.

Nifty Midcap 100 closed in the red, while Nifty Smallcap 100 closed in the green. BSE Realty Index and Nifty Realty were among the top index gainers today. According to Trendlyne’s Sector dashboard, Realty emerged as the best-performing sector of the day, with a rise of 1.5%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded in the green, indicating a positive start to the trading session. Brent crude oil futures are trading lower after the US attack on Venezuela over the weekend reduced its oil output to about 900,000 barrels per day. US President Donald Trump said Washington would administer Venezuela until new elections and allow US oil firms to control production. Markets also weighed the OPEC+ decision to keep output unchanged amid rising Saudi Arabia–UAE tensions over Yemen.

  • Money flow index (MFI) indicates that stocks like Hindustan Copper, Ashok Leyland, IDBI Bank, and Force Motors are in the overbought zone.

  • Samvardhana Motherson International’s subsidiary, Motherson Electronic Components (MECPL), receives approval for incentives under the government’s PLI-linked Electronics Components Manufacturing Scheme (ECMS). The incentives will run from FY26 to FY31, with expected investments of about Rs 1,900 crore over the period. MECPL plans to create over 5,000 employment opportunities at its plant in Kanchipuram, Tamil Nadu, during the course of these incentives.

  • Central Bank of India's total deposits jump 13.2% YoY to Rs 4 lakh crore in Q3FY26, CASA deposits rise 8.5%. Gross advances grow 19.6% to Rs 2.7 lakh crore. However, the bank's CASA ratio falls 206 bps to 47.1% during the quarter, indicating an increase in its cost of funds.

  • InCred Equities initiates coverage on Tata Motors (TMCV) with an 'Add' rating and a target price of Rs 513. The brokerage sees a cyclical recovery in commercial vehicle demand, led by small truck operators, supported by a GST rate cut and improving freight rates. InCred expects double-digit volume growth, with GST savings on inputs like tyres, lubricants, and spares boosting cash flows for small transporters.

  • KPI Green Energy rises as its subsidiary, Sun Drops Energia, secures an order from Gujarat Urja Vikas Nigam (GUVNL) to develop self-owned standalone Battery Energy Storage System (BESS) projects with a total capacity of 445 MW at multiple locations in Gujarat.

  • YES Bank is rising as its Q3FY26 total deposits grow 5.5% YoY to Rs 2.9 lakh crore, and gross advances rise 5.2%. Its CASA ratio expands 90 bps to 34% during the quarter, indicating a reduction in the bank's cost of funds.

  • PC Jeweller is rising sharply as its standalone revenue jumps 37% YoY in Q3FY26. The company also receives approval from the Uttar Pradesh government to set up 1,000 jewellery retail franchisee stores.

  • JM Financial initiates coverage on Adani Power with a 'Buy' rating and a target price of Rs 178. The brokerage cites the company’s strong execution, operational efficiency, and growth potential amid rising power demand. It adds that thermal power will remain vital to India’s growth, with peak demand projected at 386 GW by FY32 and over 700 GW by 2047, making reliable base-load generation essential alongside renewables.

  • AU Small Finance Bank rises to a new 5-year high of Rs 1,026.8 per share as its total deposits jump 23.3% YoY to Rs 1.4 lakh crore in Q3FY26, supported by a 16.1% growth in CASA deposits. Its gross advances rise 24% to Rs 1.3 lakh crore during the quarter.

  • Corona Remedies is rising sharply as its Q2FY26 net profit grows 23% YoY to Rs 52.3 crore, helped by lower raw materials and finance costs. Revenue jumps 14.9% to Rs 363.4 crore during the quarter. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • IDBI Bank is falling despite a 12% YoY rise in total business in Q3FY26. Its net advances rise 15% to Rs 2,38,806 crore, underscoring the bank’s improved credit offtake and demand revival. The bank's total deposits rise 9% to Rs 3,07,828 crore during the quarter.

  • Following US raids on Venezuela over the weekend, Jefferies says a potential US takeover could ease sanctions on Venezuelan crude, allowing Reliance Industries to source oil at a $5–8 per barrel discount to Brent and boost margins, while ONGC could recover about $500 million in unpaid dividends from the San Cristobal field. Jefferies also warns that a revival in Venezuelan output may pressure global oil prices in the medium term.

  • Amber Enterprises rises sharply as its subsidiaries, Ascent-K Circuit and Shogini Technoarts, receive approval under the Electronics Components Manufacturing Scheme (ECMS). The approval allows participation in the government-backed programme that supports domestic electronic component manufacturing.

  • Bondada Engineering is rising as it secures an order worth Rs 627 crore from the Transmission Corp of Andhra Pradesh (AP TRANSCO) to set up a 225 MW battery energy storage system.

  • Bandhan Bank is rising as its advances jump 10% YoY to Rs 1.5 lakh crore in Q3FY26, while deposits increase by 11.1% YoY. However, the bank's CASA ratio plunges 447 bps to 27.3% during the quarter, indicating an increase in its cost of funds.

  • Citi downgrades ITC to a 'Sell' rating with a lower target price of Rs 320. The brokerage flagged a recent 40% hike in excise duty on cigarettes, warning it could fuel illicit trade and hurt volumes. Citi has cut its FY27–28 EPS estimates by 23–25%, citing wider concerns over profitability in ITC’s tobacco business, with pressure expected on both volumes and margins.

  • HDFC Bank's deposits grow 12.2% YoY to Rs 27.5 lakh crore, advances jump 11.9% to Rs 28.4 lakh crore in Q3FY26. The bank's CASA deposits rise 10.1% during the quarter.

  • Equitas Small Finance Bank surges as its Q3FY26 total deposits grow 7.2% YoY to Rs 43,668 crore, and gross advances rise 15.9%. Its CASA ratio expands 100 bps to 30% during the quarter, indicating a reduction in the bank's cost of funds.

  • Union Bank of India surges to its 52-week high of Rs 161.4 per share as its Q3FY26 total deposits grow 3.4% YoY to Rs 11.8 lakh crore, and gross advances jump 7.1%. CASA ratio rises 53 bps to 34% during the quarter, indicating a reduction in the bank's cost of funds.

  • Motilal Oswal remains bullish on India’s defence sector, reaffirming a ‘Buy’ rating on Bharat Electronics (BEL), Bharat Dynamics, HAL, and Astra Microwave, while keeping Zen Technologies at ‘Neutral.’ BEL is its top pick, with Q3 profit expected to rise 13% YoY to Rs 1,487.3 crore and revenue projected to grow 17.8% to Rs 6,780 crore.

  • Sobha is rising sharply as its sales grow 52.3% YoY to Rs 2,115.2 crore in Q3FY26, supported by a 51% jump in Bangalore. Average price realisation increases 13% to Rs 1,543.6 per sq ft.

  • V-Mart Retail rises as its total sales grow 19% YoY to Rs 1,126 crore in Q3FY26. Same-store sales growth remains flat, as a larger part of Durga Puja sales shifts to Q2 this year compared with last year. The company opens 23 stores and closes two, taking the total store count to 554.

  • Jammu & Kashmir Bank is rising as its Q3FY26 total deposits grow 10.6% YoY to Rs 1.6 lakh crore, and gross advances rise 17.3%. However, its CASA ratio drops 407 bps to 44.1% during the quarter, indicating an expansion in the bank's cost of funds.

  • Avenue Supermarts' (D-Mart's) standalone revenue grows 13.2% YoY to Rs 17,612.6 crore in Q3FY26. The company adds 18 new stores during the quarter, bringing its total store count to 442.

  • Nifty 50 was trading at 26,340.25 (11.7, 0.0%), BSE Sensex was trading at 85,757.52 (-4.5, 0.0%), while the broader Nifty 500 was trading at 24,133.40 (34.4, 0.1%).

  • Market breadth is in the green. Of the 2,188 stocks traded today, 1,252 showed gains, and 849 showed losses.

Riding High:

Largecap and midcap gainers today include Union Bank of India (162.36, 3.6%), Voltas Ltd. (1,476.80, 3.3%) and Solar Industries India Ltd. (12,730, 3.2%).

Downers:

Largecap and midcap losers today include Waaree Energies Ltd. (2,714.30, -5.3%), Mahindra & Mahindra Financial Services Ltd. (384.20, -4.7%) and Cummins India Ltd. (4,309.80, -3.8%).

Crowd Puller Stocks

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Netweb Technologies India Ltd. (3,274.60, 8.3%), Ola Electric Mobility Ltd. (43.93, 7.4%) and Metropolis Healthcare Ltd. (2,050.50, 6.1%).

Top high volume losers on BSE were Premier Energies Ltd. (787.75, -6.9%), Waaree Energies Ltd. (2,714.30, -5.3%) and Life Insurance Corporation of India (846.20, -1.7%).

Jubilant Ingrevia Ltd. (750.75, 3.4%) was trading at 21.4 times of weekly average. Sobha Ltd. (1,576.90, 5.8%) and Aegis Logistics Ltd. (729.90, 0.5%) were trading with volumes 14.2 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

41 stocks took off, crossing 52 week highs, while 7 stocks hit their 52 week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (4,078, -0.3%), Ashok Leyland Ltd. (187.76, -0.5%) and Bajaj Auto Ltd. (9,497.50, -0.1%).

Stocks making new 52 weeks lows included - Jubilant Foodworks Ltd. (539.05, -2.5%) and Page Industries Ltd. (35,615, -0.5%).

37 stocks climbed above their 200 day SMA including Sobha Ltd. (1,576.90, 5.8%) and Data Patterns (India) Ltd. (2,731.30, 4.2%). 14 stocks slipped below their 200 SMA including Bikaji Foods International Ltd. (718.05, -2.4%) and Hexaware Technologies Ltd. (737, -2.3%).

 
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