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India Market Recap

Indian equity benchmarks ended on a flat note on Monday as gains in select financial and consumption stocks were offset by weakness in heavyweight banking and energy shares. The NSE Nifty 50 edged up 13.15 points, or 0.05%, to close at 24,583.80, while the BSE Sensex gained 43.27 points, or 0.06%, to settle at 78,542.44. Among the key contributors, Bajaj Finance and Titan added 16.34 points and 14.94 points, respectively, to the Nifty's gains. On the other hand, SBI and Reliance Industries weighed on the index, dragging it lower by 24.64 points and 16.49 points, respectively. On the technical front, Nifty support is placed in the 24,400–24,500 range, while resistance is seen between 24,700 and 24,800.

US Market Recap

US markets ended marginally lower on Monday as investors remained cautious amid uncertainty surrounding negotiations between the United States and Iran and the outlook for reopening the Strait of Hormuz. The S&P 500 slipped 0.06% to close at 7,753.11, while the Nasdaq Composite declined 0.32% to 26,605.36. The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to finish at 53,975.98. Investors largely stayed on the sidelines as they awaited greater clarity on geopolitical developments and their potential impact on global energy markets.

Asian Market Update

Asian markets traded mixed on Tuesday as investors monitored the latest developments in the Middle East and assessed the outlook for global energy supplies. Japan's Nikkei 225 advanced 2.08%, extending its recent gains, while South Korea's Kospi declined 0.96%. Australia's ASX 200 edged 0.20% higher, whereas China's Shanghai Composite slipped 0.01%. Market sentiment remained cautious after the sharp rise in oil prices during the previous session.

Commodity Check

Oil prices extended their recent rally as fresh comments from US President Donald Trump raised doubts about the prospects of a near-term agreement with Iran that could restore normal shipping through the Strait of Hormuz. Brent crude traded near $88 per barrel after surging nearly 5% in the previous session, while West Texas Intermediate (WTI) hovered around $82 per barrel. President Trump stated that Iran would need to compensate the US for casualties caused during past conflicts, adding another layer of complexity to ongoing negotiations. Meanwhile, Iran has reiterated its demands for reparations and the removal of US sanctions as part of any agreement. With shipping activity through the Strait of Hormuz still significantly below normal levels, traders continue to closely monitor geopolitical developments, as any prolonged disruption could tighten global crude supplies and keep oil prices elevated.

Stocks In News

TCS: The company finds no credible evidence of an employee data breach and says no customer data or systems were impacted.
TVS Motor: The company allots NCDs worth Rs. 1,000 crore through private placement.
JSW Energy: The company adds 1,166 MW renewable capacity and 300 MW inorganic thermal capacity since April, taking operational capacity to 14,920 MW.
Jupiter Wagons: The company wins orders worth Rs. 211 crore from JSW Port Logistics and Orissa Alloy Steel.
SAIL: The company says it is evaluating multiple fundraising options, including QIP and FPO.
BEL: The company secures orders worth Rs. 541 crore since July 31.
Texmaco Rail: The company signs an MoU with Belgium's The Signalling Company NV for ETCS and Kavach collaboration.
Lupin: The company receives US FDA approval for Sodium Zirconium Cyclosilicate to treat hyperkalemia.
Precision Wires India: The company plans to raise up to Rs. 150 crore via debentures and appoints Krina Parekh as Deputy CFO following CFO Mohandas Pai's retirement.
JSW Energy: The Companyadded 1,166 MW renewable capacity & 300 MW inorganic thermal capacity since April 2026.
Zee Entertainment: Expects Q2 advertising and subscription revenue to improve over Q1; evaluating subscription price hike in February and looking to monetize German Football League broadcast rights.
Bank of Baroda: The bank hikes 3-month MCLR by 10 bps to 8.30%.
PC Jeweller: The company approves fundraising of up to Rs. 1,000 crore via QIP.
ICICI Prudential AMC: The company will acquire ICICI Securities' PMS business via slump sale for 1.2% of transferred AUM; current PMS AUM stands at Rs. 2,910 crore.
Bharat Forge: The company approves additional investment of Rs. 241 crore in arm Kalyani Strategic Systems.
Dilip Buildcon: The company approves fundraising of up to Rs. 2,000 crore via NCDs and other instruments & Company will sell Mekhali Power and DBL Renewable projects worth Rs. 8,400 crore to Alpha Alternatives.
Thomas Cook India: The company opens a new outlet in Ahmedabad, expanding its presence to 12 locations across Gujarat.
Aegis Logistics: The company commissions a 36,000 MT ammonia terminal at Pipavav.
RailTel: The company receives an order worth Rs. 119 crore from the Department of Posts.
Sarda Energy & Minerals: The company commissions a new turbo generator, with TG-1 replacement completed successfully and the plant achieving operational stability.
IKIO Technologies: The company signs an MoU with Saudi Arabia's Frontline Solutions to deliver premium lighting solutions in the Kingdom of Saudi Arabia.
Prestige Estates: CPPIB to invest up to Rs. 3,000 crore in arm Prestige Hospitality and acquire up to 28% stake in the company.