Budget 2026 impact: The Sensex and the Nifty crashed over 3 per cent each from the respective day's high after FM proposed to hike STT on F&O trading. RIL and SBI were the major laggards.
The government proposes to increase the securities transaction tax, raising STT on futures from 0.02% to 0.05% and on options premium from 0.1% to 0.15%.
Nomura, which has a 'Buy' rating on Tata Motors with a target price of ₹547, sees clear signs of a CV upcycle gathering momentum, driven by improving industry fundamentals.
GRSE share price today: GRSE shares advanced following a strong Q3FY26 performance. Total income rose 46 per cent year-on-year (Y-o-Y) to ₹1,958 crore in Q3FY26 from ₹1,343 crore in Q3FY25.
Emkay Global described Dixon's Q3 as 'soft', with revenue growth limited to 2% Y-o-Y, largely due to a 5% annual decline and a sharp 30% sequential fall in the mobile phone business.
Nomura noted that adjusted Ebit margin came in at 8.9 per cent, well below its estimate of 9.9 per cent, with ASPs falling 2.3 per cent quarter-on-quarter (Q-o-Q) to around ₹7.12 lakh.
Emkay Global Financial Services highlighted that while overall CIF and assets under management (AUM) growth remained soft, mirroring broader industry trends, spending momentum was robust.
S&P Global Market Intelligence data compiled on January 21 shows that three Indian banks account for a major share of regional upside potential, even as several peers trade closer to fair value.
TVS Motor reported a robust 37 per cent year-on-year (Y-o-Y) rise in revenue in the December quarter, supported by healthy volume growth and steady realisations.
Around 1:10 PM, Fino Payments Bank share price was trading near day's high, up 7.98 per cent at ₹225.35. In comparison, BSE Sensex was trading 0.31 per cent higher at 82,114.27 levels.
Asian Paints share price today: Asian Paints shares slid sharply, falling 6.62 per cent to an intraday low of ₹2,451 on the BSE, making it the top loser on the Sensex.
Axis Bank shares rallied to a 52-week high post December quarter results. At 11:25 AM, the stock was trading 5.55 per cent higher at ₹1,330 per share, emerging as the top gainer on the BSE Sensex.
Brokerages, while trimming near-term estimates, remain broadly constructive on the airline's longer-term prospects, citing its scale advantage, balance-sheet strength and international expansion.
Margins were a key positive surprise, analysts said. Gross margin expanded sharply to 46.5 per cent, aided by stable ENA and grain prices and a richer product mix.
