NIFTY50 below 25,700, SENSEX tanks 600 pts in noon deals; Vi, IREDA, BHEL among buzzing stocks

The Indian equity benchmark indices continued to trade lower in the afternoon session on Thursday, January 9, weighed down by realty, FMCG, and private bank stocks.

ICICI Bank shares were the biggest laggard, losing 2.12%, followed by Adani Enterprises (-1.96%), Max Healthcare (-1.83%), Adani Ports (-1.68%) and Nestle India (-1.24%).

Buzzing stocks on January 9: Check list

Shares of Vodafone Idea (Vi), the battered telecom operator, advanced as much as 8.34% to hit a high of ₹12.46 apiece on the NSE on Friday as Vodafone Idea secured a major relief in the AGR matter.

Vi said that it has secured a major AGR dues relief from the Department of Telecommunications (DoT) on its AGR dues (FY 2006-07 to FY 2018-19), with total principal + interest + penalty frozen as of Dec 31, 2025, and restructured across 16 years.

The company’s AGR dues—comprising principal, interest, penalty, and interest on penalty for the period from FY2006-07 to FY2018-19—have been frozen as of December 31, 2025. The repayment will be staggered over multiple phases: up to ₹124 crore will be paid annually over six years from March 2026 to March 2031, followed by annual payments of ₹100 crore over four years from March 2032 to March 2035. The remaining AGR dues will be cleared in equal annual instalments over six years from March 2036 to March 2041.

Separately, the Department of Telecommunications (DoT) will constitute a committee to reassess the AGR dues, with its decision being final. Any reassessed amount will be repaid in equal annual instalments between March 2036 and March 2041.

Shares of Bharat Forge were trading higher on Friday as the defence firm signed a memorandum of understanding (MoU) with Germany-based Agile Robots S.E. to advance AI industrial automation.

In a regulatory filing dated January 8, the flagship company of the Kalyani Group said that it agreed to jointly explore a strategic collaboration in the AI-driven robotics and intelligent industrial automation space with Agile Robots S.E.

It added that the Indo-German partnership will be focused exclusively on civilian industry and manufacturing.

Under the MoU, the two firms will co-develop, set up capabilities, and offer “bespoke solutions” in the manufacturing, industrial CPG, and logistics spaces, including existing solutions from Agile Robots for the Indian and Southeast Asian markets.

Shares of Coal India, after surging 11.88% (as of the January 8 closing level) over the past month, are expected to be on investors' radar on Friday as well, as its arm Bharat Coking Coal (BCCL) is slated to launch its initial public offering (IPO) today.

On Thursday, January 8, Bharat Coking Coal Ltd (BCCL), a wholly owned subsidiary of Coal India Ltd and the country's largest coking coal producer, raised ₹273.1 crore from anchor investors ahead of its IPO, the company said on Thursday. BCCL said it had allotted 118,753,500 equity shares to anchor investors at ₹23 per share.

Marquee investors participating in the anchor book include Life Insurance Corporation of India, Societe Generale, Copthall Mauritius Investment Ltd, Citrine Fund, M7 Global Fund, PCC-ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Pvt Ltd.

Among equity-orientated mutual funds, shares were allotted to UTI Dividend Yield Fund and other UTI schemes, Nippon Life India Trustee—A/C Nippon India Small Cap Fund, and Bandhan Small Cap Fund. Out of the total anchor allocation, 71,739,600 equity shares were allotted to three domestic mutual funds through eight schemes.

Shares of heavy electrical equipment maker, Elecon Engineering Company, dropped as much as 13.57% to hit an intraday low of ₹435 on Friday on NSE after the company informed exchanges that its Chief Financial Officer (CFO), Narasimhan Raghunathan, resigned from his position. On the BSE, Elecon Engineering Company shares dropped as much as 13.43%.

The company post-market hours said that its board has approved the resignation of Narasimhan Raghunathan as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from the close of business hours on 31st January, 2026, on account of his personal or family commitments.

“He shall also cease to be the Key Managerial Personnel authorised for determining materiality of events or information for the purpose of disclosures to the stock exchange(s) under Regulation 30 of the SEBI Listing Regulations, with effect from the close of business hours on 31st January, 2026,” Elecon Engineering said in a statement.

Bharat Electronics (BEL) shares rose as much as 2.14% to touch an intraday high of ₹424.55 on Friday as the firm bagged an order worth ₹596 crore.

“Navratna Defence Public Sector Undertaking, Bharat Electronics Limited (BEL), has secured additional orders worth Rs.596 Crore since the last disclosure on 01 January 2026,” the company said in a regulatory filing.

Major orders received include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, services, etc.

Shares of Bharat Heavy Electricals Limited (BHEL) on Friday jumped as much as 5% to hit a high of ₹285.50 apiece on the NSE, as the state-owned company on Thursday said it has secured an order from Bharat Coal Gasification and Chemicals Limited for coal gasification and raw syngas cleaning facilities for the coal-to-ammonium nitrate project at Jharsuguda, Odisha.

Bharat Coal Gasification and Chemicals Limited (BCGCL) is a joint venture company of Bharat Heavy Electricals Limited (BHEL) and Coal India Ltd (CIL).

The order covers engineering, procurement, construction, commissioning and performance guarantee of the coal gasification and raw syngas cleaning facilities, which form the core process units of the integrated chemical complex.

The size of the order is around ₹5,400 crore, excluding GST.

Indian Renewable Energy Development Agency (IREDA) shares declined 3% to an intraday low of ₹137.31 on Friday ahead of its earnings.

In an exchange filing, the company said that the "meeting of the Board of Directors of Indian Renewable Energy Development Agency Limited (IREDA) will be held on Friday, January 09, 2026, inter alia, to consider and approve the audited (standalone & consolidated) financial results of the company for the quarter and nine months ended December 31, 2025."

In Q2 FY26, IREDA’s consolidated net profit rose 41.67% to ₹549.33 crore in Q2 FY26 as against ₹387.75 crore in the same period of the previous fiscal year. Its consolidated revenue from operations advanced 26.24% to ₹2,057.28 crore in the September quarter of the financial year 2025-26, compared to ₹1,629.55 crore in the year-ago period.