Indian equity markets are expected to open higher on Monday, January 12, tracking positive global cues and optimism ahead of the Q3 earnings season. Gift Nifty signals an opening gain of nearly 180 points, even as select stocks remain under pressure due to technical and stock-specific triggers.
📈 Market Outlook
Sensex, Nifty: Likely to open higher on global optimism
Key Focus: Q3 earnings kick off with TCS and HCLTech
Derivatives Data: Indicates a cautious but positive undertone
🧾 Key Corporate Updates
Bajaj Finserv: Completes Allianz stake acquisition in insurance arms
Reliance Industries: Board meeting scheduled on Jan 16 for Q3 results
Delta Corp: Zuri White Sands Goa resort operations to be discontinued
Sagar Cements: OFS to sell 8.14% stake in Andhra Cements
Clean Science: Invests ₹50 crore in subsidiary CFCL
Negative Developments
HUL: Receives ₹1,559.69 crore tax demand
Elecon Engineering: Q3 profit declines YoY
Gravity (India): Managing Director resigns
🟢 Earnings Snapshot: Avenue Supermarts (DMart)
DMart delivered a strong Q3 performance, driven by revenue growth and margin expansion.
Revenue: ₹17,613 crore (+13.2% YoY)
PAT: ₹923 crore (+17.6% YoY)
EBITDA Margin: Improved to 8.4%
Impact: Positive; execution strength and cost discipline remain intact
🏦 Macro & Institutional Cues
RBI Update: India reduced US Treasury holdings by ~$51 billion while increasing gold reserves to 800 metric tonnes, reflecting diversification in forex reserves.
Fund Flow (Jan 9):
FII/FPI: Net sellers (₹3,609 crore)
DII: Net buyers (₹5,341 crore)
⚠️ Trade Advisory
Due to a settlement holiday on January 15 (Maharashtra municipal elections):
No BTST trades allowed on Jan 15
Trades on Jan 14–15 will be settled on Jan 16
