Nifty 50 ended at 25,175.40, up 126.75 points (0.51%), and the BSE Sensex closed at 81,857.48, up 319.78 points (0.39%).
Nifty Midcap 100 rose 0.59%
Nifty Smallcap 100 gained 0.41%
Impact on the stock market
Sector-wise performance
Nifty Metal led the rally, ending 3% higher, powered by strong earnings and price recovery in companies like JSW Steel.
Nifty Media dropped 1.4%, while Nifty Auto slid 0.9%, weighed down by weak showings from top auto players.
| Sector/Index | Performance |
| IT & BPM sector | 0.86% |
| Healthcare sector | -0.04% |
| Oil & Gas sector | 0.62% |
| Real estate sector | 0.40% |
| PSU Bank in India | 1.76% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Adani Enterprises | 1,959.50 | 5.11 |
| Axis Bank | 1,315.80 | 4.59 |
| JSW Steel | 1,222.00 | 4.44 |
| Adani Ports | 1,363.90 | 4.24 |
| Grasim | 2,856.20 | 3.52 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| M&M | 3,393.50 | -4.23 |
| Kotak Mahindra | 408.70 | -3.33 |
| Asian Paints | 2,622.80 | -2.99 |
| Eternal | 253.85 | -1.87 |
| Bajaj Finserv | 1,917.70 | -1.61 |
Market aftermath: Impact on stocks
NTPC: Stable outlook despite muted generation
NTPC’s Q3FY26 earnings preview suggests a 6.6% YoY rise in net profit to ₹5,023.7 crore, with revenue expected to grow 7.7% YoY to ₹44,525.3 crore. The key takeaway? Despite weaker power demand and lower thermal generation, NTPC’s regulated cost-plus business model ensures relatively stable earnings.
Analysts are watching:
- Thermal utilisation trends after December’s recovery
- Expansion of regulated equity through new capacity additions
- Continued support from hydro and renewable output, which offset the thermal shortfall
The company is expected to post its Q3 results on January 30, and investor focus will remain on guidance for FY27, fuel availability, and commissioning of new projects.
JSW Steel: A blockbuster quarter
JSW Steel shares jumped 5% after reporting a stunning 198% YoY increase in net profit to ₹2,139 crore for Q3FY26. Revenue rose 11% YoY to ₹45,991 crore, with strong growth in steel sales (14% YoY) and crude steel production (6% YoY).
Brokerages remain bullish:
- Motilal Oswal has a ‘Buy’ call with a target of ₹1,350 (15% upside)
- PL Capital rates it ‘Accumulate’, targeting ₹1,292
With new capacity coming online, better coal linkages, and rising value-added product share, JSW Steel is well-positioned for double-digit growth through FY28.
Vedanta to offload 1.6% stake in Hindustan Zinc
Vedanta Ltd. announced a plan to raise ₹4,589.5 crore by selling 1.59% stake (6.7 crore shares) in Hindustan Zinc via Offer for Sale (OFS). The floor price has been set at ₹685/share, about 6% below the current market price of ₹726.50.
Key highlights:
- The OFS opens Jan 28 for non-retail and Jan 29 for retail investors
- Vedanta’s stake will reduce from 61.84% to 60.25%
- Hindustan Zinc stock is up 4% today and 61% in the past year, largely tracking silver prices
Hindustan Zinc recently posted its highest-ever quarterly revenue and profit in Q3:
- Net profit: ₹3,879 crore (up 46.5% YoY)
- Revenue: ₹10,922 crore (up 27.5% YoY)
- EBITDA margin: 55%, aided by strong zinc and silver prices and lower production costs
Crude oil trends: A stormy week
Crude oil futures dipped on Tuesday despite a winter storm that disrupted US Gulf Coast production and refinery operations.
- April Brent futures were at $64.33, down 0.68%
- March WTI futures stood at $60.25, down 0.63%
- February MCX crude futures fell 1.4% to ₹5,551
Analysts say up to 2 million barrels/day of US production may have been lost temporarily. Yet, prices remained under pressure due to:
- Recovery of Kazakhstan’s Tengiz oil fields
- Completion of CPC terminal repairs in Russia
- Cooling optimism around US–Venezuela oil diplomacy
Meanwhile, natural gas futures on MCX surged 5.29%, reflecting increased heating demand.
Conclusion
Tuesday’s session showed clear signs of recovery, led by global trade optimism and strong corporate earnings—especially from JSW Steel and Hindustan Zinc. The EU-India trade deal announcement added much-needed positivity to investor sentiment. While challenges remain, especially in the auto and media sectors, the strength in metal and energy counters provides some cushion.
The coming days will be crucial with NTPC’s Q3 results, Vedanta’s OFS, and continued tracking of global crude developments. For now, it’s safe to say the bulls are cautiously stepping back in.
For more stock market insights, check out the StockGro blog.
