Indian Equity Markets
Bandhan Bank rallies 6% as brokerages upgrade stock, see up to 27% upside
Motilal Oswal said the bank's operating performance is "turning around", supported by stabilising margins, improving asset quality and a gradual recovery in return ratios.
 "Bandhan Bank rallies 6% as brokerages upgrade stock, see up to 27% upside")
Stocks to watch, Jan 23: IndiGo, JSW Steel, Bandhan Bk, Mphasis, DLF, BPCL
Stocks to watch today, January 23, 2026: Tanla Platforms, GSPL, Sona BLW, Adani Gas and India Cements are among other top stocks to track today.
 "Stocks to watch, Jan 23: IndiGo, JSW Steel, Bandhan Bk, Mphasis, DLF, BPCL")
Greenland standoff pushes markets into red; Sensex falls 1,066 points
Indian markets logged their steepest fall in eight months as a US-Europe stand-off over Greenland, weak corporate earnings and stalled India-US trade talks deepened investor risk aversion
 "Greenland standoff pushes markets into red; Sensex falls 1,066 points")
Weakness in ₹, broader equity mkt shrinks India's billionaire club in 2025
But a robust IPO market leads to emergence of 9 new promoter billionaires
 "Weakness in ₹, broader equity mkt shrinks India's billionaire club in 2025")
'Valuations already elevated, so large multiple expansion hard to justify'
Simultaneous fiscal and monetary tightening hurt growth and earnings, but momentum is returning, says Axis Bank's Neelkanth Mishra, signalling a possible market turnaround
 "'Valuations already elevated, so large multiple expansion hard to justify'")
CG Power turnaround: Culture, timing and execution behind a rare revival
CG Power's market dominance (25 per cent market share in motors) even in times of constraint, spoke of their product quality.
 "CG Power turnaround: Culture, timing and execution behind a rare revival")
Delhivery rises 4% on rolling out 'Delhivery International' for Indian MSME
Around 1 PM, Delhivery shares were trading at day's high level, up 3.96 per cent at ₹412.50. In comparison, BSE Sensex was trading 0.36 per cent lower at 84,795.25 levels.
 "Delhivery rises 4% on rolling out 'Delhivery International' for Indian MSME")
Street Signs: Flexicaps lead MF space; IPO street set to buzz again
Flexible equity schemes top assets and inflows as investors turn cautious in a patchy market
 "Street Signs: Flexicaps lead MF space; IPO street set to buzz again")
Tata Capital primed for strong growth, bank-like returns, says IIFL Capital
IIFL Capital expects TCL's ~15 per cent valuation discount to CIFC to narrow as the company delivers sector-leading earnings momentum.
 "Tata Capital primed for strong growth, bank-like returns, says IIFL Capital")
Why did analysts downgrade SKF India to Reduce? Here's what drove the call
While revenue growth remained resilient, weaker margins, demerger-linked costs and stretched valuations have clouded the near-term view for SKF India, analysts said.
 "Why did analysts downgrade SKF India to Reduce? Here's what drove the call")
VIP Industries: Why have analysts put the stock 'Under Review'? Check here
The brokerage, which earlier had a 'Reduce' rating on VIP Industries, said the near-term outlook has turned 'hazy,' warranting caution until the new leadership outlines a credible turnaround plan.
 "VIP Industries: Why have analysts put the stock 'Under Review'? Check here")
Aether Industries share price rallies 11% as Q2 profit climbs 55% YoY
Aether Industries' share price gained today after the company posted a strong set of quarterly numbers in the September quarter of financial year 2026 (Q2FY26).
 "Aether Industries share price rallies 11% as Q2 profit climbs 55% YoY")
Lupin share rises 2% as arm commissions Oncology block at Vizag facility
At 1:15 PM, Lupin share price was trading 1.90 per cent higher at ₹2,013.20 per share. In comparison, BSE Sensex was trading 0.91 per cent higher at 84,632.82 levels.
 "Lupin share rises 2% as arm commissions Oncology block at Vizag facility")
Swan Defence hits record high on LoI win for $220 million shipbuilding deal
Around 11:00 AM, Swan Defence share price continued to remain locked in the 5 per cent upper circuit at ₹1,036.45 per share. By comparison, BSE Sensex was trading 0.46 per cent lower at 83,148.86.
 "Swan Defence hits record high on LoI win for $220 million shipbuilding deal")
Increasing gap: Indian equity market valuation discount to US widens
Nifty 50 trading at 20% discount, highest in 17 years
 "Increasing gap: Indian equity market valuation discount to US widens")
Robust Q2, GST tailwind lift M&M Fin to 52-wk high; analysts raise targets
While earnings came in ahead of expectations for M&M Financial Services, analysts remain watchful of persistently high credit costs and moderation in asset growth.
 "Robust Q2, GST tailwind lift M&M Fin to 52-wk high; analysts raise targets")
eClerx Services jumps 8%, hits record on stellar Q2 show; top details here
eClerx Services share price rallied after the company posted a strong set of numbers in the September quarter of financial year 2026 (Q2FY26).
 "eClerx Services jumps 8%, hits record on stellar Q2 show; top details here")
Muhurat Trading 2025: What should be your trading strategy today?
Muhurat Trading: The special one-hour Muhurat session, considered a symbolic start to the Hindu calendar year (Samvat 2082), will be held between 1:45 PM and 2:45 PM today on both the NSE and BSE.
Gold, silver outshine equities in H1, rupee loses amid global woes
Yellow metal logs best half-yr returns in 30 yrs; weakest H1 for indices since FY23
 "Gold, silver outshine equities in H1, rupee loses amid global woes")
Difficult to make case for sustained underperformance: Saion Mukherjee
India's equity story hinges on consumption, selective midcap bets, and FII flows, while IT faces headwinds and banks offer steady value, says Mukherjee
 "Difficult to make case for sustained underperformance: Saion Mukherjee")