Stock Market News Today (19-Jan-2026)

BSE Sensex slipped 324.17 points (0.39%) to 83,246.18

NSE Nifty50 fell 108.85 points (0.42%) to 25,585.50

Nifty Midcap 100 slipped 0.37%

Nifty Smallcap Index dropped 0.99%

Impact on the stock market

Sector-wise performance

Sector-wise, the pain was clearly visible in pockets linked to rate sensitivity and global exposure.

Nifty Realty dropped 1.99%
Nifty Oil & Gas declined 1.56%
Nifty Media fell 1.84%
On the brighter side:

Nifty FMCG gained 0.67%, showing defensive buying
Nifty Auto edged up 0.13%, supported by stock-specific action

Sector/Index	Performance
IT & BPM sector	-0.47%
Healthcare sector	-0.61%
Oil & Gas sector	-1.56%
Real estate sector	-1.99%
PSU Bank in India	-0.31%

Top gainers today

Company	Share Price (in ₹)	Change %
Interglobe Aviation	4,941.50	4.25
Tech Mahindra	1,718.30	2.86
HUL	2,413.90	2.27
Kotak Mahindra	426.90	2.08
Bajaj Finance	969.45	2.02

Top losers today

Company	Share Price (in ₹)	Change %
Wipro	245.95	-8.04
Reliance	1,413.60	-3.04
TMPV	344.00	-2.71
Max Healthcare	1,013.60	-2.26
Eternal	281.35	-2.21

Market aftermath: Impact on stocks

Maruti Suzuki: Big investment, bigger vision

Maruti Suzuki stood out as one of the few bright spots in the market. The stock rose nearly 2% to ₹16,182, emerging as the top gainer in the Nifty Auto index.

The rally came after the company announced a massive ₹35,000 crore investment to set up a new manufacturing plant in Gujarat. The facility is expected to add up to 1 million vehicles per year and is likely to become operational by FY29.

The Gujarat government highlighted that the project could create 12,000 direct jobs, reinforcing Maruti’s long-term commitment to India’s auto manufacturing ecosystem. Analysts believe this investment strengthens Maruti’s growth visibility, scale advantage, and service network, even though the stock is down 3.1% so far in 2026.

This move clearly signals that Maruti is playing the long game, even as near-term auto demand remains uneven.

Hindustan Zinc: A stellar quarter that investors loved

Hindustan Zinc delivered one of the strongest Q3 performances of the season. The company reported:

Net profit of ₹3,879 crore, up 46.5% year-on-year
Revenue of ₹10,922 crore, a 27.5% jump
EBITDA of ₹6,055 crore, up 34.7%
EBITDA margin expanded to 55%, from 52% last year

Lower production costs played a big role, with zinc cost of production falling to a five-year low of $940 per tonne. Record metal production and stronger zinc and silver prices further boosted earnings.

The stock reacted positively, jumping over 4%, and has now delivered 42% returns over the past year, far outperforming the Nifty 50’s roughly 10% gain.

For investors, this quarter reinforced Hindustan Zinc’s ability to convert commodity cycles into cash flows efficiently.

MRPL: Profits surge, but oil sourcing raises questions

Mangalore Refinery and Petrochemicals Ltd (MRPL) saw its shares fall 5% to ₹143.71, despite reporting a sharp turnaround in profits.

The drop came after the company confirmed it has stopped importing Russian crude oil to comply with Western sanctions and is exploring alternatives, including Venezuelan oil. Markets reacted cautiously to the uncertainty around crude sourcing.

Ironically, MRPL’s financials were strong:

Revenue rose to ₹29,720 crore
Profit after tax jumped to ₹1,445 crore, from ₹304 crore last year
EBITDA stood at ₹2,824 crore
Debt reduced sharply, with borrowings falling from ₹12,867 crore to ₹9,290 crore

While higher refining margins are cushioning the impact, investors appear wary about how changes in crude sourcing could affect margins going forward. The stock’s move shows how future uncertainty can outweigh current numbers.

Crude oil: Tariffs, Europe, and rising energy prices

Crude oil prices traded higher on Monday morning, as markets assessed the potential fallout from fresh US tariff threats on Europe.

At around 10 am:

Brent crude traded at $64.31 per barrel, up 0.28%
WTI crude stood at $59.50 per barrel, up 0.27%
On MCX, February crude futures hovered near ₹5,430

President Trump announced a 10% tariff from February 1, 2026, on goods from countries including Germany, France, the UK, and Scandinavia, with a warning that tariffs could rise to 25% by June if a Greenland deal isn’t reached.

Meanwhile, European gas markets saw sharp moves:

Natural gas futures on MCX jumped over 10% to ₹310
EU gas storage levels dropped to 50%, well below the five-year average of 65%
Forecasts of colder weather added to price pressure

Agricultural commodities also moved higher:

Guarseed rose 3.89%
Dhaniya gained 2.89%

For Indian markets, higher energy prices remain a key variable to watch, especially for inflation-sensitive sectors.

Conclusion

Monday’s market action was a reminder that earnings alone don’t move markets in isolation. While strong results from companies like Hindustan Zinc impressed investors, heavyweight disappointments and global political noise kept overall sentiment cautious.