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 extended their decline for the second consecutive session on Wednesday, weighed down by cautious market sentiment and continuous selling by foreign institutional investors. Market mood was further affected by a spike in crude oil prices, fueled by escalating geopolitical tensions. On the sectoral front, Nifty IT emerged as the top loser.

Key Indices – Share Market

Today’s Top News from the Indian Share Market

Union Bank of IndiaUNIONBANK₹179.27 +7.87%

Union Bank of India’s shares rallied after Q3FY26 results. Net profit rose to ₹5,072.69 crore from ₹4,623.03 crore year-on-year, while total income climbed to ₹32,001.92 crore from ₹31,334.80 crore in the same period last year.

NLC India Ltd.NLCINDIA₹260.15 +1.88%

NLC India signed an MoU with the Gujarat government to develop large-scale renewable energy projects. With an investment potential of ₹25,000 crore, the deal covers solar, wind, and hybrid projects, aligning with the company’s goal to reach 10 GW capacity by 2030.

Karnataka Bank Ltd.KTKBANK₹189.31 +1.56%

Karnataka Bank has integrated with the state government’s Khajane-2 platform, enabling customers to pay state taxes and fees directly via internet banking. This approval from the RBI and state treasury strengthens the bank’s digital services and government transaction capabilities.

Bank of MaharashtraMAHABANK₹65.90 +1.31%

Bank of Maharashtra posted a 26.51% jump in net profit to ₹1,779 crore, alongside a 16.73% rise in revenue to ₹4,355 crore. The company also declared an interim dividend of ₹1.00 per share.

Indian Oil Corporation Ltd.IOC₹159.16 +1.12%

Indian Oil’s joint venture, UBPL, confirmed major oil discoveries in Abu Dhabi’s Onshore Block 1. Successful tests in the Shilaif and Habshan formations established the presence of unconventional oil resources, marking a significant international exploration milestone for the PSU.

Tata Elxsi Ltd.TATAELXSI₹5,505.00 -4.97%

Tata Elxsi’s net profit plunged 45.28% to ₹108.89 crore, down from ₹199 crore year-on-year.

Broader Market Performance Today

Nifty Midcap 150NIFTY MIDCAP 150₹21,965.45 +0.21%

Nifty Smallcap 250NIFTY SMLCAP 250₹16,283.60 +0.48%

India VIXINDIA VIX11.32 +1.07%

Top 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)
13 Jan 2026-1,499.811,181.78
12 Jan 2026-3,638.405,839.32
09 Jan 2026-3,769.315,595.84
08 Jan 2026-3,367.123,701.17
07 Jan 2026-1,527.712,889.32
Month-to-Date-16,925.0324,924.12

What’s Happening Beyond Markets?

  • India’s wholesale inflation (WPI) rose to 0.83% in December 2025, beating market expectations of 0.30%. While fuel prices dipped, the rise was driven by accelerated manufacturing inflation and higher costs in pharmaceuticals and food products.
  • Copper futures reached a record high of $6.1 per pound, driven by fears of new US tariffs and supply disruptions in South America. Rising demand from AI data centers and electric vehicles is further straining global availability.
  • Silver prices surged past $90 per ounce, hitting fresh highs due to safe-haven demand amid geopolitical tensions and rising US debt. Strong industrial usage in clean energy, coupled with expectations of Fed rate cuts, is fueling the rally.
  • India’s real estate sector has hit a historic milestone, attracting record inflows of $14.3 billion in 2025, as per a CBRE report. This surge reflects growing global confidence in Indian property assets and signals a robust outlook for infrastructure development.
  • According to a report by Nuvama Research, India’s power demand rose by 6.8% in December, effectively offsetting the softer trends observed earlier in Q3FY26. This uptick suggests a recovery in economic activity and consumption following a brief slowdown in the quarter.

Result Update

Track who beat or missed street estimates from the Nifty50

StocksRevenue Q2FY26 (Estimated)Revenue Q2 FY26 (Actual) Change (%) 
ICICI Lombard General Insurance Company Ltd.₹6795.51 crore₹6,610.15 crore🔻  2.73%
Tata Elxsi Ltd.₹950.74 crore₹999.51 crore🔼 5.13%

Back to Basics

Terms that put you one step ahead – every day

What is a Fiscal Deficit?

Fiscal Deficit is the difference between the government’s total expenditure and its total revenue (excluding borrowings). Simply put, it reveals the total amount the government must borrow to meet its financial obligations for the year.

While a controlled deficit is often necessary to fund infrastructure and drive economic growth, a ballooning deficit can be a red flag. Excessive government borrowing can drive up interest rates and spark inflation, making loans more expensive for private businesses. You should monitor fiscal deficit numbers, particularly during budget announcements, to gauge the potential pressure on bond yields and the broader economy.

IPO Corner: Mainboard 

Upcoming IPO

CompanyDateTotal Issue SizeIssue PriceMinimum Investment
Shadowfax TechnologiesJanuary 20, 2026 to January  26, 2026₹1,907 Cr₹118 to ₹124 per share₹14,160

Corporate Actions 

StockEx-DateRecord DateEvent TypeEvent Details
HCL Technologies Ltd.16 Jan 202617 Jan 2026Interim Dividend₹12.00
Tata Consultancy Services Ltd.16 Jan 202617 Jan 2026Interim Dividend & Special DividendInterim Dividend: ₹11.00
Special Dividend: ₹46.00

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