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Trendlyne Marketwatch
12 Jan 2026
Market closes higher, supported by reassuring comments from US Ambassador Sergio Gor on India-US trade ties
By Trendlyne Analysis

 

Nifty 50 closed at 25,790.25 (107.0, 0.4%), BSE Sensex closed at 83,878.17 (301.9, 0.4%) while the broader Nifty 500 closed at 23,510.45 (43.1, 0.2%). Market breadth is in the red. Of the 2,615 stocks traded today, 871 were on the uptrend, and 1,690 went down.

Indian indices closed in the green after erasing morning losses as US Ambassador Sergio Gor struck an upbeat tone on India ties and said the next trade deal call is set for January 13. Maruti Suzuki’s board approved an investment of Rs 4,960 crore to acquire land in Gujarat for capacity expansion. The land at Khoraj Industrial Estate will support a proposed addition of up to 10 lakh vehicles annually.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed in the red. Nifty Metal and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Metals & Mining emerged as the best-performing sector of the day, with a rise of 2%.

Asian indices closed mixed, while European indices are trading lower. US index futures traded in the red, indicating a cautious start to the trading session. Goldman Sachs delayed its Fed rate-cut outlook, now projecting two 25-basis-point cuts in June and September 2026 instead of March and June, citing softer jobs data, a gradually weakening labor market, strong GDP growth, and easing tariff effects.

  • Relative strength index (RSI) indicates that stocks like ITC, Premier Energies and Cohance Lifesciences are in the oversold zone.

  • Larsen & Toubro enters a share purchase agreement with Sapura Nautical Power to acquire a 40% stake in its JV, L&T Sapura Shipping, for $16.9 million (~Rs 152.4 crore).

  • Vedanta is rising as it receives approval from the National Company Law Tribunal (NCLT) to demerge Talwandi Sabo Power from itself.

  • Websol Energy Systems receives approval from the Andhra Pradesh government to set up a 4 gigawatt (GW) solar cell and module plant in Tirupati district. The company will also set up a 100 megawatt (MW) captive solar plant at the location.

  • CLSA maintains an 'Outperform' rating on Avenue Supermarts (Dmart) with a higher target price of Rs 6,185. The brokerage stays positive and raises its FY26–28 consolidated earnings estimates by 1%–7% to reflect stronger profit growth. However, it flags risks to the durability of the recent margin expansion, noting that higher gross margins may be driven by one-off factors such as extra discounts or incentives offered by FMCG firms to clear inventory around GST rate changes.

  • Alembic Pharmaceuticals receives tentative US FDA approval for Bosutinib tablets, 400 mg, under a supplemental abbreviated new drug application (ANDA). The drug is equivalent to Bosulif and treats Ph+ chronic myelogenous leukaemia (a type of blood cancer). The product has an estimated US market size of $251 million (~Rs 2,265 crore).

  • Man Industries secures orders worth Rs 550 crore from domestic and international clients to supply coated line pipes and related solutions.

  • Shakti Pumps (India) is rising sharply after securing an order worth Rs 654 crore from Karnataka Renewable Energy Development (KREDL) to install 16,780 solar water pumping systems.

  • Nifty Metal gains as most ferrous players post high single- to low double-digit volume growth in Q3, partly aided by safeguard duty implementation in late December 2025. Strong macro conditions lifted aluminium, zinc, and copper realisations by 8%, 12%, and 13% respectively, further supported by a 2% rupee depreciation.

  • KP Green Engineering rises as it secures work orders worth Rs 819 crore from Bharat Sanchar Nigam (BSNL) under the 4G saturation project. The orders cover telecom infrastructure execution across multiple clusters, including tower supply, installation, and long-term operations and maintenance.

  • Aurionpro Solutions falls by over 2% to a 52-week low of Rs 1,005 despite winning an order worth Rs 150 crore from Delhi Metro Rail Corporation Limited (DMRC) for the implementation of Automated Fare Collection (AFC) systems for the Bhopal and Indore Metro Rail projects.

  • Signatureglobal (India) plunges to its 52-week low of Rs 935.9 as its Q3FY26 pre-sales decline 27% YoY to Rs 2,020 crore due to a 73% reduction in the number of units sold. However, collections grow 14% to Rs 1,230 crore.

  • Indian real estate firms such as DLF, Signature Global, and Godrej Properties fall amid concerns about challenges in the housing upcycle. A Knight Frank report says the NCR housing market moderated in 2025 after a post-pandemic surge driven largely by pent-up demand. Meanwhile, Jefferies warns that flat sales volumes raise fears of a potential reversal after a residential upturn lasting over five years.

  • Tanfac Industries is rising sharply as it secures an order worth Rs 337.5 crore per annum from a Japanese customer to supply fluorinated chemicals over the next seven years. Total value of the contract is Rs 2,362 crore.

  • Globus Spirits' Q3FY26 net profit surges to Rs 30.7 crore compared to Rs 55.4 lakh in Q3FY25, supported by lower excise duty and finance costs. Revenue jumps 6.3% YoY to Rs 941.1 crore, led by an improvement in the manufacturing segment. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Radhakishan Damani cuts stake in Mangalam Organics to below 1% in Q3FY26. He held a 2.2% stake in the company in Q2FY26.

  • Vinay Rustagi, Chief Business Officer at Premier Energies, says the company plans to more than double its annual cell and module manufacturing capacity to 10.6 GW and 11.1 GW, respectively, under its Rs 11,000-crore expansion to meet domestic demand. He adds that Premier Energies is also exploring ingot and wafer manufacturing as it aims to become one of the world’s largest integrated renewable energy equipment makers.

  • Maruti Suzuki’s board approves an investment of Rs 4,960 crore to acquire land in Gujarat for capacity expansion. The land at Khoraj Industrial Estate will support a proposed addition of up to 10 lakh vehicles annually.

  • Indian Renewable Energy Development Agency is rising sharply as its Q3FY26 net profit jumps 37.6% YoY to Rs 585.2 crore, helped by a reduction in provisions. Revenue grows 26% to Rs 2,319.9 crore during the quarter. It features in a screener of stocks with increasing revenue over the past four quarters.

  • Tejas Networks plunges to its 52-week low of Rs 381.5 as it posts a net loss of Rs 196.6 crore in Q3FY26 compared to a net profit of Rs 165.7 crore a year ago, due to higher finance costs. Revenue declines 88.2% YoY to Rs 314.3 crore, caused by delays in orders from BSNL. It shows up in a screener of stocks with the lowest momentum scores.

  • BofA Securities initiates coverage on Meesho with a 'Neutral' rating and a target price of Rs 190. The brokerage believes the company is well positioned to capture the value-driven mass market. It expects Meesho’s net merchandise value to grow at a 26% CAGR from FY26 to FY29, with adjusted EBITDA margins turning positive, improving from -3% in FY26 to +3% by FY29.

  • Chemplast Sanmar's board of directors appoints S Ganeshkumar as the Managing Director (MD) for three years, effective April 1.

  • Avenue Supermarts (D-Mart) is rising as its Q3FY26 net profit jumps 18.3% YoY to Rs 855.9 crore, helped by lower inventory expenses. Revenue grows 13.3% to Rs 18,117.8 crore, driven by new store additions. The company's board appoints Anshul Asawa as the Chief Executive Officer (CEO), effective February 1, and as the Managing Director (MD) for three years, effective April 1.

  • NIIT Learning Systems' subsidiary, NIIT (USA), acquires a 100% stake in SweetRush for $26 million (~Rs 234.6 crore).

  • Lemon Tree Hotels is rising sharply as its board of directors approves the divestment of its 41.1% stake in its subsidiary, Fleur Hotels, to Warburg Pinkus. Warburg Pincus will invest Rs 960 crore in Fleur Hotels.

  • Nifty 50 was trading at 25,611.05 (-72.3, -0.3%), BSE Sensex was trading at 83,435.31 (-140.9, -0.2%), while the broader Nifty 500 was trading at 23,386.40 (-81.0, -0.3%).

  • Market breadth is moving down. Of the 2,179 stocks traded today, 485 were on the uptrend, and 1,619 went down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (628.25, 3.6%), Power Finance Corporation Ltd. (371.80, 3.6%) and Indian Renewable Energy Development Agency Ltd. (141.50, 3.6%).

Downers:

Largecap and midcap losers today include GE Vernova T&D India Ltd. (2,730, -5.8%), Prestige Estates Projects Ltd. (1,505.10, -3.8%) and Cummins India Ltd. (3,979.50, -3.3%).

Volume Shockers

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

Top high volume gainers on BSE included IFCI Ltd. (56.43, 15.1%), Indian Renewable Energy Development Agency Ltd. (141.50, 3.6%) and Linde India Ltd. (6,100, 3.3%).

Top high volume losers on BSE were Tejas Networks Ltd. (377.60, -9.5%), City Union Bank Ltd. (263.05, -6.4%) and Maharashtra Scooters Ltd. (12,900, -4.7%).

Aditya Birla Real Estate Ltd. (1,567.50, -3.3%) was trading at 7.6 times of weekly average. C.E. Info Systems Ltd. (1,549.90, -3.2%) and The New India Assurance Company Ltd. (150.11, 0.7%) were trading with volumes 5.0 and 3.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52 week highs, while 48 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Phoenix Mills Ltd. (1,895, -0.5%), Alkem Laboratories Ltd. (5,886, 1.5%) and Emcure Pharmaceuticals Ltd. (1,495, -3.0%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,711.90, 0.5%) and BASF India Ltd. (3,677, -2.1%).

7 stocks climbed above their 200 day SMA including IFCI Ltd. (56.43, 15.1%) and Medplus Health Services Ltd. (846.25, 3.5%). 35 stocks slipped below their 200 SMA including Radico Khaitan Ltd. (2,831.80, -3.9%) and Apar Industries Ltd. (7,879, -3.8%).

 
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