Nifty 50, Sensex Ended In The Red, Losing About 1%; HSBC Flash India Manufacturing PMI Climbed To 56.8 In Jan & More
- Share.Market
- 11 min read
- 23 Jan 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Nifty 50 and Sensex ended in the red on Friday, January 23, slipping nearly 1%. This was led by significant losses in Adani stocks, mixed corporate results, and consistent FPI outflows. The HSBC India Flash Manufacturing PMI climbed to 56.8 in January, with Services PMI rising to 59.3.
Key Indices – Share Market
Today’s Top News from the Indian Share Market
BANDHANBNKBandhan Bank’s total business crossed ₹3 lakh crore. For Q3FY26, profit surged 84% sequentially to ₹206 crore. Asset quality improved sharply, with Gross NPA dropping to 3.3% from 5.0% in the previous quarter.
AXISCADESAXISCADES’ subsidiary, Mistral Solutions, secured a strategic contract with a global hyperscaler. The multiyear pilot order, valued at approximately $1 million, involves testing advanced audio products at its Bengaluru facility, opening avenues for future growth in AI-driven audio development.
LAURUSLABSLaurus Labs posted Q3FY26 numbers, with revenue growing nearly 26% YoY to ₹1,778 crore. Profit skyrocketed 174% YoY to ₹252 crore, up from ₹92 crore in the same period last year.
ATULAtul Ltd. reported Q3FY26 results, with revenue rising 12.5% YoY to ₹1,612.21 crore. Profit grew approximately 40% YoY to ₹163.54 crore, compared to ₹117.10 crore in the previous year, signaling improved profitability.
INDIGOInterGlobe Aviation (IndiGo) shares slumped after the airline reported a steep 77.6% decline in Q3 profit to ₹549 crore, down from ₹2,448.8 crore last year. Despite the hit to the bottom line, revenue grew 6.7% YoY to ₹24,540.6 crore.
Broader Market Performance Today
INDIA VIXTop Performing Sectors Today
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 22 Jan 2026 | -2,549.80 | 4,222.98 |
| 21 Jan 2026 | -1,787.66 | 4,520.47 |
| 20 Jan 2026 | -2,938.33 | 3,665.69 |
| 19 Jan 2026 | -3,262.82 | 4,234.30 |
| 16 Jan 2026 | -4,346.13 | 3,935.31 |
| Month-to-Date | -36,591.01 | 50,720.15 |
What’s Happening Beyond Markets?
- The Centre may save up to ₹75,000 crore this fiscal year as ministries like Jal Shakti and Rural Development leave funds unutilised. These savings are expected to help the government strictly meet its FY26 fiscal deficit target of 4.4%, balancing out other revenue shortfalls.
- The HSBC India Manufacturing PMI climbed to 56.8 in January 2026, the strongest reading in three months. Preliminary estimates show factory output and new orders expanded rapidly due to robust demand. Consequently, firms stepped up hiring and increased material purchases despite a rise in input costs.
- India’s service sector activity accelerated in January 2026, with the HSBC Services PMI rising to 59.3. According to preliminary data, the upturn was driven by a surge in new orders and strong foreign demand from regions like Asia and Europe. However, firms raised prices to offset sharper input cost pressures.
- The HSBC India Composite PMI rebounded to 59.5 in January 2026, recovering from December’s 11-month low. Flash data indicates broad-based growth across manufacturing and services, supported by aggressive marketing and efficiency gains. Business sentiment hit a three-month high, prompting a resumption in hiring activities.
- Elon Musk, speaking at the World Economic Forum in Davos, predicted that AI will surpass the collective intelligence of all humanity within five years. Musk told BlackRock CEO Larry Fink that “super-human” intelligence is imminent, with AI likely outsmarting individual humans by next year.
Result Update
Track who beat or missed street estimates from the Nifty50
| Stocks | Revenue Q2FY26 (Estimated) | Revenue Q2 FY26 (Actual) | Change (%) |
| InterGlobe Aviation Ltd. | ₹23,005.35 crore | ₹23,471.9crore | 🔼 2.03% |
| DLF Ltd. | ₹2,203.1 crore | ₹2,020.22 crore | 🔻 8.30% |
| Coforge Ltd. | ₹4,227 crore | ₹4,188.1 crore | 🔻 0.92% |
| APL Apollo Tubes Ltd. | ₹5,550 crore | ₹5,815.13 crore | 🔼 4.78% |
Back to Basics
Terms that put you one step ahead – every day
What is an Operating Cash Flow?
Operating Cash Flow (OCF) measures the amount of cash generated by a company’s normal business operations. It indicates whether a company can generate sufficient positive cash flow to maintain and grow its operations without relying on external financing. Simply put, it’s the cash generated from the company’s actual activities. OCF looks strictly at cash coming in from sales versus cash going out for expenses, ignoring one-time events such as the sale of a factory.
For investors, OCF is a reality check. “Profit” can sometimes be an opinion based on accounting rules, but cash is a fact. OCF reveals the true health of the core business, ensuring the company isn’t just profitable on paper while bleeding cash in reality.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Persistent Systems Ltd. | 27 Jan 2026 | 27 Jan 2026 | Interim Dividend | ₹22.00 |
| SRF Ltd. | 27 Jan 2026 | 27 Jan 2026 | Interim Dividend | ₹5.00 |
| United Spirits Ltd. | 27 Jan 2026 | 27 Jan 2026 | Interim Dividend | ₹6.00 |
| Wipro Ltd. | 27 Jan 2026 | 27 Jan 2026 | Interim Dividend | ₹6.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
