TLDR
Market Recap: January 14, 2026
On January 14, Indian equities extended losses as geopolitical risk and crude strength capped risk-taking, even while metals outperformed. BSE Sensex closed at 83,382.71, down 244.98 points (-0.29%), and NSE Nifty 50 closed at 25,665.60, down 66.70 points (-0.26%). Broader markets held up better with Nifty Midcap 100 up 0.29% to 59,770.50 and Nifty Smallcap 100 up 0.67% to 17,410.85. Volatility was steady-to-firmer with India VIX at 11.32, up about 0.12 points (+1.07%) vs the prior close. In cash, FIIs sold ₹4,781.24 crore while DIIs bought ₹5,217.28 crore (provisional)
Key Drivers :
Risk-off macro tape: Geopolitical tensions and higher crude lifted caution, keeping most sectors in the red despite selective buying.
Flows still the gatekeeper: Persistent FII selling met steady DII absorption, limiting downside but also capping any follow-through rally.
Rotation, not breadth: Metals and PSU banks outperformed while IT and realty lagged, reinforcing a stock-specific, sector-rotation market.
Today’s Top Stories:
Infosys: Revenue beat and raised FY26 guidance, but profit slipped on a one-time labour-code hit.
Tata Elxsi: Profit slump plus broker downgrades kept the stock under pressure and raised visibility questions.
Union Bank: Q3 profit up, and NPAs eased; the stock surged and reinforced the PSU bank trade.
IOB and Punjab and Sind Bank: QIP plans put capital-raise execution and pricing in focus for PSU banks.
Hindustan Zinc and Vedanta: Metals outperformed as commodity prices rallied, cushioning an otherwise weak market close.
TOP STORIES
1. Infosys Q3: revenue beat, FY26 growth guidance raised
Gemini-2.5
Financial: Revenue beat estimates; profit dipped due to a one-time labour code-related impact.
Implication: Guidance upgrade signals steadier demand and deal momentum; AI-led work remains a core growth lever.
Market: Stock reaction stayed mixed as investors balanced guidance raises versus near-term margin noise.
Infosys beats on revenue and raises FY26 growth guidance. Your read?
2. Tata Elxsi Q3: profit slump, visibility reset
Gemini-2.5
Financial: Profit fell sharply, tied to exceptional charges and weaker near-term profitability optics.
Implication: Focus shifts to ER&D demand visibility and recovery in discretionary spends across key verticals.
Market: Stock sold off as the street treated it as a confidence and visibility reset, not just one quarter.
Tata Elxsi profit drops sharply and the market resets expectations. What’s your stance?
3. Union Bank Q3: profit up, asset quality improves
Gemini-2.5
Financial: Profit rose year on year, and NPAs eased, reinforcing the PSU bank earnings momentum.
Implication: Re-rating case strengthens if credit growth holds and margins stay stable into FY26.
Market: The stock surged intraday, leading to strength in PSU banks, even as benchmarks remained weak.
$UNIONBANK.NSE ( ▲ 2.0% )
Union Bank posts profit growth and better asset quality. How do you view the move?
4. IOB and Punjab and Sind Bank: QIP plans in focus
Gemini-2.5
Financial: Both banks flagged QIP fundraising plans, keeping capital buffers and dilution pricing in focus.
Implication: Timing and pricing will signal market appetite for PSU bank supply and growth capital.
Market: Names stayed active as traders priced capital actions alongside results season momentum.
IOB and Punjab and Sind Bank plan QIPs. What matters most?
5. Hindustan Zinc and Vedanta: metals rally drives outperformance
Gemini-2.5
Financial: Metal stocks jumped as commodity prices firmed, lifting sector leadership on an otherwise down day.
Implication: Market is leaning into upcycle optionality, but commodity volatility remains the swing risk.
Market: Metals outperformed sharply, partially offsetting IT drag at the index level.
Hindustan Zinc and Vedanta rally with commodities. Your call on the metals trade?
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GYAANI HOT TAKES
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