In the week ended on Friday, 16 January 2025, the S&P BSE Sensex shed 5.89 points or 0.01% to settle at 83,570.35. The Nifty 50 index rose 0.04 points or 11.05% to settle at 25,694.35. The BSE Mid-Cap index rose 0.15% to close at 46,186.05. The BSE Small-Cap declined 0.45% to end at 49,701.91.

Weekly Index Movement:

The domestic equity indices ended with modest gains on Monday. The S&P BSE Sensex advanced 301.93 points or 0.36% to 83,878.17. The Nifty 50 index gained 106.95 points or 0.42% to 25,790.25.

The key equity indices ended marginally lower on Tuesday. The S&P BSE Sensex slipped 250.48 points or 0.30% to 83,627.69. The Nifty 50 index lost 57.95 points or 0.22% to 25,732.30.

The key equity barometers ended a choppy session with modest losses on Wednesday. The S&P BSE Sensex slipped 244.98 points or 0.29% to 83,382.71. The Nifty 50 index lost 66.70 points or 0.26% to 25,665.60.

Indian stock exchanges remained shut on Thursday, 15 January 2026, on account of the Maharashtra municipal corporation elections.

The domestic equity indices ended with moderate gains on Friday. The S&P BSE Sensex advanced 187.64 points or 0.23% to 83,570.35. The Nifty 50 index added 28.75 points or 0.11% to 25,694.35.

Economy:

India’s consumer inflation rose to 1.33% in December, accelerating from 0.71% in the prior month. The rise in consumer inflation was mainly driven by food prices, while fuel and light inflation rate eased in December.

India's inflation based on the all-India Wholesale Price Index (WPI) increased 0.83% year-on-year in December 2025, compared with a decline of 0.32% in November 2025. This marked the first increase in three months and the fastest pace since April, mainly supported by faster rises in manufacturing prices.

The India’s exports grew 1.87% to $38.5 billion in December last year due to global economic uncertainties, while an increase in imports led to a marginal widening of the trade deficit to $25 billion. The country's exports in November 2025 was up by about 20%. Imports rose by 8.7% to $63.55 billion during the month under review, according to government data released on Thursday. Merchandise exports to the United States edged down to $6.89 billion in December from $6.92 billion in November. However, shipments to the U.S. rose 9.75% year-on-year to $65.88 billion in the first nine months of the fiscal year, data showed.

India’s unemployment rate for persons aged 15 years and above remained largely stable in December, estimated at 4.8% compared to 4.7% recorded in November 2025. According to the Ministry of Statistics and Programme Implementation’s monthly labour force and unemployment data, the rural unemployment rate remained stagnant at 3.9%. Among rural males aged 15 years and above, the unemployment rate remained low and stable at 4.1% in December last year. The urban female unemployment rate moderated to 9.1% last month, compared to 9.3% in November 2025. The overall Labour Force Participation Rate among persons aged 15 years and above also showed an upward trend at 56.1% in the last month, compared to 55.8% in November 2025. In rural areas, the Labour Force Participation Rate was estimated as 59% in December 2025, as compared to 58.6% in November last year. The overall Worker Population Ratio for persons of age 15 years and above rose marginally to its yearly peak of 53.4% last month.

Stocks in Spotlight:

TCS shed 0.03%. The IT major reported a 14% year-on-year (YoY) decline in consolidated net profit for the December quarter at Rs 10,657 crore, compared with Rs 12,380 crore in the year-ago period. The profit after tax (PAT) is attributable to the company’s shareholders.

Revenue from operations in Q3 rose 5% YoY to Rs 67,087 crore, up from Rs 63,973 crore in the corresponding quarter of the previous financial year.

The company announced an interim dividend of Rs 57 per equity share for FY26, comprising a third interim dividend of Rs 11 per share and a special dividend of Rs 46 per equity share. The company has fixed 17 January 2026, as the record date.

The company's order book total contract value (TCV) stood at $9.3 billion in Q3 December 2025, lower than $10 billion in Q2 September 2025 and $9.4 billion in Q1 June 2025.

Avenue Supermarts (Dmart) fell 0.77%. The company consolidated net profit rallied 18.26% to Rs 855.92 crore in Q3 FY26 as against Rs 723.72 crore in Q3 FY25. Revenue from operations rose 13.32% to Rs 18,100.88 crore in Q3 FY26 as against Rs 15,972.55 crore in Q3 FY26.

Tejas Networks tumbled 12.33%. The company reported a consolidated net loss of Rs 196.55 crore in Q3 FY26, compared with a net profit of Rs 165.67 crore recorded in Q3 FY25. Total revenue from operations plunged 88.38% to Rs 306.79 crore in Q3 FY26, down from Rs 2,642.24 crore recorded in the corresponding quarter of the previous year.

HCL Technologies added 2.20%. The company’s consolidated net profit declined 3.75% to Rs 4,076 crore in Q3 FY26, compared with Rs 4,235 crore in Q2 FY26. However, revenue from operations increased 6.04% to Rs 33,872 crore in Q3 FY26 as against Rs 31,942 crore posted in Q2 FY26. For FY26, HCL Tech expects revenue growth of 4-4.5% YoY in constant currency, services revenue growth of 4.75-5.25% YoY, and an EBIT margin of 17-18%.

Larsen & Toubro slipped 4.24%. Media reports said Kuwait is considering cancelling and rebidding oil project tenders worth $8.7 billion, stoking concerns over potential order inflows. According to a Middle East-focused business news platform, Kuwait is reviewing five major upstream oil and gas contracts after bids reportedly came in above budget. The report said L&T was the lowest bidder in tenders valued at more than $4.5 billion, making the stock sensitive to any adverse developments.

Responding to a BSE query, L&T clarified that the projects referred to in the media report are not part of its order book. The company added that it does not comment on the status of tenders or the commercial decisions of its clients, easing concerns about any impact on confirmed orders.

Infosys jumped 4.62%. The IT major reported Q3 revenue of Rs 45,479 crore, up 8.9% YoY and 2.2% QoQ. In constant currency terms, revenue grew 1.7% YoY and 0.6% QoQ.

Reported IFRS operating margin stood at 18.4%, lower than 21.3% in Q3 FY25. Net profit after non-controlling interests came in at Rs 6,654 crore, down 2.2% YoY and 9.6% QoQ, impacted by a one-time Rs 1,289 crore charge related to the implementation of the labour codes.

The company reported large deal total contract value of $4.8 billion, with net new deals accounting for 57%. For FY26, Infosys raised its constant currency revenue growth guidance to 3.0%-3.5% from 2%-3% earlier, while maintaining its operating margin outlook at 20%-22%.

Just Dial rose 0.64%. The company reported 10.2% decline in net profit to Rs 118 crore despite a 6.4% rise in operating revenue to Rs 305.7 crore in Q3 FY26 as compared with Q3 FY25.

Tata Elxsi fell 1.32%. The company reported 45.28% decline in net profit to Rs 108.89 crore in Q3 FY26 as against Rs 199 crore posted in Q3 FY25. However, revenue from operations rose 1.52% to Rs 953.47 crore in Q3 FY26 as against Rs 939.17 crore posted in Q3 FY25.

5paisa Capital jumped 3.94%. The company reported a 23.98% decline in consolidated net profit to Rs 12.30 crore for the quarter ended 31 December 2025, compared to Rs 16.18 crore in the same quarter last year. Total revenue from operations fell 7.02% YoY to Rs 79.28 crore in the quarter ended 31 December 2025.

Puravankara surged 6.12%. The real estate developer reported a 17% increase in sales value to Rs 1,414 crore in Q3 FY26, compared with Rs 1,209 crore in Q3 FY25. The company’s collections climbed 22% YoY to Rs 1,140 crore in Q3 FY26.

Billionbrains Garage Ventures (Groww) surged 9.18%. The company’s consolidated net profit jumped 16.04% to Rs 546.33 crore on 19.37% increase in revenue from operations to Rs 1,216.07 crore in Q3 FY26 over Q2 FY26.

Union Bank of India surged 8.53%. The bank reported 8.97% rise in net profit to Rs 5,017 crore on a 1.55% increase in operating income to Rs 13,869 crore in Q3 FY26 as compared with Q3 FY25.

Indian Overseas Bank added 2.91%. The bank's standalone net profit jumped 56.25% to Rs 1,365.12 crore in Q3 FY26 as against Rs 873.66 crore in Q3 FY25. Total income rallied 15.01% year on year (YoY) to Rs 9,671.58 crore in Q3 FY26.

Angel One zoomed 18.11%. The company’s consolidated net profit jumped 26.89% to Rs 268.66 crore on 11.08% increase in total revenue from operations to Rs 1334.89 crore in Q3 FY26 over Q2 FY26.

L&T Technology Services tumbled 9.97%. The company reported 0.1% rise in net profit to Rs 329.1 crore as revenue fell by 1.9% to Rs 2923.5 crore in Q3 FY26 as compared with Q2 FY26. The company’s revenue in USD terms was 326.3 million, down 3.2% YoY. In constant currency terms, revenue contracted by 2.8% sequentially.

LTIMindtree jumped 4.14%. The company said it had won a large contract from the Central Board of Direct Taxes (CBDT) to build the next phase of India's tax analytics system. The company said it has been awarded the "Insight 2.0" project, a seven-year mandate valued at around Rs 3,000 crore, to modernise the national tax analytics platform.

Global Market:

Europe:

German consumer prices were unchanged in December, rising 1.8% year on year—below the European Central Bank’s 2.0% medium-term target.

US:

The December jobs report showed nonfarm payrolls increasing by 50,000 last month, less than the 73,000 estimate that was widely reported in the media. That data, though slightly weaker than expected, showed a U.S. economy that’s still trudging along, with investors anticipating that growth will ramp up.

The unemployment rate inched down to 4.4%, while widely circulated media reports had provided a forecast of 4.5%.