TLDR
Market Recap: January 12, 2026
On January 12, Indian equities snapped a five-day losing streak as US-India trade talks were scheduled for Tuesday, improving sentiment and offsetting foreign outflows and early volatility. Sensex closed at 83,878.17, up 301.93 pts (+0.36%), while Nifty 50 ended at 25,790.25, up 106.95 pts (+0.42%); metals led while realty dragged. Broader risk stayed mixed with Nifty Midcap 100 -0.05% (59,717.10) and Nifty Smallcap 100 at 17,193.30 (-0.52%); India VIX rose to 11.36 (+3.93%). In cash, FIIs sold ₹3,433.46 cr while DIIs bought ₹4,523.20 cr; retail inflation data was in focus into the close
Key Drivers :
Trade talk timing lifted risk appetite: US-India talks slated for Tuesday triggered a sharp intraday rebound from lows, led by cyclicals and metals.
Flows stayed a tug of war: FIIs remained net sellers in cash while DIIs absorbed supply, keeping the headline indices green despite weak broader breadth.
Volatility intensified in macro prints: The India VIX rose as desks positioned around inflation and upcoming Budget risk, even as spot indices recovered.
Today’s Top Stories:
TCS Q3: Profit fell on charges, revenue held up, and AI momentum stayed the narrative; stock finished slightly higher.
HCLTech Q3: Profit dipped, revenue and bookings were solid, dividend continued; shares edged up.
Reliance battery plan: Company denied any pause in cell plans, reaffirming clean energy timelines; stock held steady.
Maruti plus IOCL: Service at fuel stations expands after sales footprint; stocks were mildly positive on the day.
Vodafone Idea AGR relief: Moratorium eases near-term cash stress, but spectrum dues and funding clarity still cap confidence.
TOP STORIES
1. TCS Q3: Profit hit by charges, revenue holds
Gemini-2.5
Financial: Profit dropped on exceptional charges; revenue growth stayed steady versus expectations.
Implication: AI services push continues; restructuring signals margin discipline and portfolio reshaping.
Market: Stock leaned positive as investors preferred revenue resilience over one-time charge impact.
TCS profit fell on charges, revenue held up. Your takeaway?
2. HCLTech Q3: Profit down, bookings strong, dividend intact
Gemini-2.5
Financial: Profit declined, revenue grew; an interim dividend was announced, and guidance remained a key read-through.
Implication: Strong bookings support demand visibility; hiring caution suggests calibrated growth and productivity focus.
Market: Shares edged up, with bookings strength offsetting profit pressure.
HCLTech profit down, bookings strong, dividend continues. What matters most?
3. Reliance: Battery ecosystem plan reaffirmed
Gemini-2.5
Financial: Company denied pause chatter and reiterated timelines for the cell to storage ecosystem.
Implication: Clean energy credibility stays intact; execution and supply chain risks remain the swing factors.
Market: Stock reaction was steady, as clarification reduced rumor volatility.
$RELIANCE.NSE ( ▲ 3.61% )
Reliance denies battery plan pause chatter. How do you view it?
4. Maruti Suzuki and IOCL: Service at fuel stations expands reach
Gemini-2.5
Financial: Tie-up enables vehicle service facilities at select IOCL outlets, expanding service access.
Implication: Boosts retention and convenience in smaller cities; adds a value layer to IOCL stations.
Market: Mildly positive tape as investors saw a distribution and service footprint upgrade.
Maruti service moves into select IOCL fuel stations. Your view?
5. Vodafone Idea: AGR relief buys runway, not a rescue
Gemini-2.5
Financial: AGR dues set, long moratorium structure reduces near-term cash outflows and default risk.
Implication: Relief helps fundraising narrative, but spectrum payments and capex gap still define survivability.
Market: Stock stayed choppy as investors priced relief, then refocused on funding certainty.
Vodafone Idea gets AGR relief structure. What’s the right read?
GYAANI HOT TAKES
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