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Trendlyne Marketwatch
22 Jan 2026
Market closes higher, as Donald Trump steps back from threats to impose tariffs on Europe

 

Nifty 50 closed at 25,289.90 (132.4, 0.5%), BSE Sensex closed at 82,307.37 (397.7, 0.5%) while the broader Nifty 500 closed at 23,008.75 (173.6, 0.8%). Market breadth is overwhelmingly positive. Of the 2,602 stocks traded today, 1,882 showed gains, and 693 showed losses.

Indian indices closed in the green, as US President Donald Trump stepped back from threats to impose tariffs on eight European countries and ruled out the use of force. The Indian volatility index, Nifty VIX, fell 3.8% and closed at 13.3 points. Apollo Hospitals Enterprise received approval from the Competition Commission of India (CCI) to acquire a 30.6% stake in its subsidiary, Apollo Health and Lifestyle, for Rs 1,254.1 crore.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty India Defence and Nifty Media were among the top index gainers today. According to Trendlyne’s Sector dashboard, Diversified Consumer Services emerged as the best-performing sector of the day, with a rise of 3.9%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded in the green, indicating a positive start to the trading session. Despite Trump’s Greenland tariff U-turn, the EU has put the proposed trade deal on hold after the European Parliament froze a ratification vote. Meanwhile, Intel, GE Aerospace, and Abbott Laboratories are set to report their Q4 earnings later today.

  • Money flow index (MFI) indicates that stocks like Newgen Software, Vedant Fashions, EID Parry and Schneider Electric are in the oversold zone.

  • Indian Bank is rising sharply as its Q3FY26 net profit jumps 7.3% YoY to Rs 3,061.5 crore, led by lower provisions. Revenue grows 9.8% to Rs 19,663.3 crore, supported by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline 103 bps and 6 bps, respectively.

  • APL Apollo Tubes rises sharply as its Q3FY26 net profit jumps 42.9% YoY to Rs 310 crore, surpassing Forecaster estimates by 10.6%. Revenue grows 7.2%, helped by a 11% rise in sales volume. It shows up in a screener of stocks near their 52-week high with significant volumes.

  • PNB Housing Finance is falling as its Q3FY26 net profit misses Forecaster estimates by 6% despite rising 7.7% YoY to Rs 520.4 crore, driven by better management of financial losses and write-offs. Revenue increases 9.1% to Rs 2,119 crore during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Walmart-backed fintech PhonePe files an updated draft red herring prospectus (UDRHP) with SEBI for a pure offer-for-sale IPO. The issue comprises 50.6 million equity shares, with promoter WM Digital Commerce Holdings selling 46 million shares, while Tiger Global and Microsoft offload 1 million and 3.7 million shares, respectively.

  • Hindustan Petroleum Corp is falling as its Q3FY26 net profit misses Forecaster estimates by 8.5% despite jumping 57.7% YoY to Rs 4,011.4 crore, supported by lower inventory, employee benefits and finance costs. Revenue grows 4.2% to Rs 1.2 lakh crore driven by a surge in sales. It appears in a screener of stocks where mutual funds decreased their shareholding over the past quarter.

  • Tanfac Industries is falling sharply as its Q3FY26 net profit plunges 55.3% YoY to Rs 15.6 crore due to higher raw materials, inventory, employee benefits and finance costs. Revenue declines 2.7% to Rs 173.6 crore, caused by a plant shutdown for maintenance. It shows up in a screener of stocks with declining profits for the past four quarters.

  • Computer Age Management Services is rising sharply as its Q3FY26 revenue grows 4.8% YoY to Rs 403 crore. Net profit remains flat at Rs 125.5 crore due to higher employee benefits and depreciation & amortisation expenses. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Citi maintains a 'Buy' rating on Ashok Leyland with a higher target price of Rs 205. The brokerage points to strong medium and heavy commercial vehicle (MHCV) demand, improving light commercial vehicle (LCV) volumes, and stable market share. It believes e-commerce growth, infrastructure spending, and fleet modernization are supporting the broader commercial vehicle sector.

  • RailTel Corporation of India is rising as it receives an annual maintenance contract worth Rs 140.7 crore from the Ministry of Defence.

  • Rekha Jhunjhunwala trims her stake in Indian Hotels Co by 1% in Q3FY26. She now holds a 1% stake in the company.

  • Apollo Hospitals Enterprises receives approval from the Competition Commission of India (CCI) to acquire a 30.6% stake in its subsidiary, Apollo Health and Lifestyle (AHLL), for Rs 1,254.1 crore from International Finance Corp and IFC EAF Apollo Investment Co.

  • Motilal Oswal maintains a 'Buy' rating on Tata Steel with a target price of Rs 220. The brokerage says the company’s India operations continue to perform well and are expected to drive earnings growth. Strong operating cash flows are seen supporting ongoing capex, while the broader metal sector-especially steelmakers-have gained momentum following the government’s imposition of anti-dumping duties.

  • Oracle Financial Services is rising as its Q3FY26 net profit increases 12.6% YoY to Rs 609.6 crore owing to lower travel and depreciation & amortisation expenses. Revenue jumps 13.5% to Rs 2,026.4 crore, driven by an improvement in the product licenses segment. It features in a screener of stocks with strong dividend yield in FY25 and healthy growth over the past five years.

  • Anant Raj is rising as its Q3FY26 net profit jumps 30.8% YoY to Rs 144.3 crore. Revenue grows 21.4% to Rs 660.4 crore, driven by new launches and rising collections. It appears in a screener of stocks with increasing revenue for the past eight quarters.

  • Waaree Energies rises sharply as its Q3FY26 revenue grows 118% YoY to Rs 7,565 crore, helped by improvements in the solar photovoltaic modules and engineering, procurement & construction (EPC) segments. Net profit jumps 115.6% YoY to Rs 1,062.5 crore, beating Forecaster estimates by 2.4%. It features in a screener of stocks with increasing net profit and profit margin YoY.

  • Tarun Kumar Khulbe, CEO of Jindal Stainless, guides for volume growth of over 9–10% in FY26 and expects EBITDA per tonne to trend toward the upper end of around Rs 21,000. He adds that Rs 2,200 crore of the planned capex has been incurred by Q3 and expects net debt, currently at Rs 3,451 crore, to stabilise going forward.

  • KEI Industries is falling sharply as its Q3FY26 revenue misses Forecaster estimates by 1.2% despite growing 20.5% YoY to Rs 2,988.5 crore, led by improvements in the cables & wires and EPC projects segments. Net profit jumps 42.5% to Rs 234.9 crore, helped by lower sub-contracting expenses. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • CESC is rising as its subsidiary, CESC Green Power, signs a memorandum of understanding (MoU) with the Uttar Pradesh government to set up renewable energy facilities in the state. The plan includes a 3-gigawatt (GW) solar cell and module plant, a 60-megawatt (MW) solar power plant, and related infrastructure, including a research and development laboratory. The proposed investment is around Rs 3,800 crore.

  • Ceigall India is rising as its wholly-owned subsidiary, Ceigall Infra Projects, secures an order worth Rs 2,160 crore from the National Highways Authority of India (NHAI) to construct a four-lane highway between Sahebganj, Areraj, and Bettiah in Bihar.

  • HSBC upgrades Rallis India to a 'Buy' rating with a higher target price of Rs 300. The brokerage says the company’s business transformation is extending beyond domestic crop protection, with early recovery seen in seeds and exports. It expects agrichemical exports to grow about 25% on a weak base and seed business losses to narrow on roughly 28% growth despite industry shortages.

  • Jindal Stainless is rising sharply as its Q3FY26 net profit jumps 26.6% YoY to Rs 828.8 crore owing to lower finance costs. Revenue grows 6.1% to Rs 10,619.8 crore, driven by higher demand in the automobile, pipes & tubes, infrastructure, railways and process industries. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Dr Reddy's Laboratories is rising sharply as its Q3FY26 net profit beats Forecaster estimates by 13% despite falling 14.4% YoY to Rs 1,209.9 crore due to higher sales and finance costs. Revenue grows 5.8% to Rs 9,022.2 crore, led by an improvement in the global generics segment. It features in a screener of stocks with zero promoter pledge.

  • Bank of India surges as its Q3FY26 net profit grows 7.5% YoY to Rs 2,704.7 crore. Revenue increases 3.9% to Rs 18,927.1 crore, driven by improvements in the retail, wholesale and treasury banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 143 bps and 25 bps YoY, respectively.

  • Eternal (Zomato) is rising sharply as its Q3FY26 net profit jumps 72.9% YoY to Rs 102 crore. Revenue surges 2.9x to Rs 16,663 crore, driven by improvements in the food delivery and quick commerce segments. The company's board appoints Albindar Singh Dhindsa as the Chief Executive Officer (CEO), succeeding Deepinder Goyal, effective February 1.

  • Nifty 50 was trading at 25,309.20 (151.7, 0.6%), BSE Sensex was trading at 82,459.66 (550.0, 0.7%) while the broader Nifty 500 was trading at 23,008.85 (173.7, 0.8%).

  • Market breadth is highly positive. Of the 2,101 stocks traded today, 1,776 were in the positive territory and 295 were negative.

Riding High:

Largecap and midcap gainers today include Waaree Energies Ltd. (2,641.70, 9.2%), Bank of India (166.42, 5.7%) and Indian Bank (896.75, 5.4%).

Downers:

Largecap and midcap losers today include Kalyan Jewellers India Ltd. (373.55, -5.8%), Tata Communications Ltd. (1,547.90, -4.3%) and Swiggy Ltd. (320.30, -4.3%).

Movers and Shakers

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

Top high volume gainers on BSE included Waaree Energies Ltd. (2,641.70, 9.2%), Schneider Electric Infrastructure Ltd. (622.80, 7.5%) and Minda Corporation Ltd. (562.10, 7.3%).

Top high volume losers on BSE were IIFL Finance Ltd. (538.75, -13.5%), PNB Housing Finance Ltd. (860.25, -7.6%) and Aditya Birla Lifestyle Brands Ltd. (106.50, -6.5%).

Tata Communications Ltd. (1,547.90, -4.3%) was trading at 5.3 times of weekly average. eClerx Services Ltd. (4,347.90, 3.5%) and KEI Industries Ltd. (3,848.40, -2.3%) were trading with volumes 4.4 and 3.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks overperformed with 52 week highs, while 17 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bank of India (166.42, 5.7%), Federal Bank Ltd. (282.20, 2.2%) and Indian Bank (896.75, 5.4%).

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (2,920, -0.9%) and Bata India Ltd. (875.50, -0.8%).

26 stocks climbed above their 200 day SMA including Minda Corporation Ltd. (562.10, 7.3%) and CreditAccess Grameen Ltd. (1449.80, 7.0%). 6 stocks slipped below their 200 SMA including PNB Housing Finance Ltd. (860.25, -7.6%) and KEI Industries Ltd. (3,848.40, -2.3%).

 
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