NIFTY50 down 0.69%, SENSEX slips 578 pts, in noon deals; RIL, IndiGo, ICICI Bank among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the negative territory during the afternoon session on Monday, January 19, amid selling in realty and oil and gas stocks.

The SENSEX declined as much as 0.8% to an intra-day low of 82,898.31. Meanwhile, the NIFTY50 reached the session’s low of 25,494.35.

At 12:42 PM, the S&P BSE SENSEX slumped by 575.99 points, or 0.69%, to 82,994.36, while NSE’s NIFTY50 was trading at 25,517.05, reflecting a 177.30 points, or 0.69% slip.

On Friday, the foreign institutional investors (FIIs) sold shares worth ₹4,346.13 crore, while the domestic institutional investors (DIIs) bought equities worth ₹3,935.31 crore on a net basis, according to exchange data.

Shares of Wipro, which lost 7.66%, contributed to the decline of the NIFTY50 index. It was followed by Reliance Industries (-3.63%), Eternal (-3.18%), ICICI Bank (-2.98%) and Tata Motors PV (-2.84%), which were among the top losers.

On the contrary, the top gainers included Tech Mahindra (3.74%), InterGlobe Aviation (3.64%), Kotak Mahindra Bank (2.75%), Bajaj Finance (2.01%) and Maruti Suzuki India (1.74%).

Buzzing stocks on January 19: Check list

Shares of Reliance Industries (RIL) fell as much as 3.57% to an intraday low of ₹1,406.30 per unit on the National Stock Exchange (NSE), posting their worst day in over a year after it reported its December quarter earnings post-market hours on Friday.

Billionaire Mukesh Ambani-backed company reported a 0.57% increase in its net profit to ₹18,645 crore in the third quarter of the current financial year (Q3FY26) from ₹18,540 crore in the same period last year.

Reliance Industries' revenue from operations advanced 10.5% to ₹2,69,496 crore in the October-December period compared with ₹2,43,865 crore in the year-ago period.

The stock of Netweb Technologies rose as much as 12% to hit the session’s peak of ₹3,753 per equity share on Monday, January 19, after its profit more than doubled in the December quarter.

Netweb Technologies on Saturday reported net profit of ₹79 crore in the third quarter of the current financial year, marking a surge of 2.43 times or 143% from ₹30 crore in the same period last year.

The company's revenue in the December quarter jumped 141% to ₹805 crore compared with ₹334 crore in the year-ago period.

In a statement on Saturday, the company said this is its highest-ever quarterly profit, driven by demand for artificial intelligence, growth in private cloud, and high-performance computing solutions.

Shares of InterGlobe Aviation, the operator of low-cost carrier IndiGo, surged by as much as 4% to an intraday high of ₹4,929.50 per unit, despite the airline regulator, DGCA, passing eight orders based on the findings of the Inquiry Committee, which was constituted to review the operational disruptions.

The Director General of Civil Aviation’s (DGCA) orders include slapping penalties totalling ₹22.20 crore for the massive flight disruptions in December. The penalty comprises one-time systemic penalties of ₹1.80 crore for non-compliances under applicable Civil Aviation Requirements (CARs) and a penalty for continued non-compliance with revised FDTL CAR for 68 days (from December 5, 2025, to February 10, 2026), amounting to ₹20.40 crore. The ₹20.40 crore penalty translates to a ₹30 lakh fine for each day during the period.

It also directed the airline to furnish a ₹50-crore bank guarantee to ensure long-term systemic corrections, IndiGo said in a regulatory filing on January 18.

Furthermore, it cautioned CEO Pieter Elbers for inadequate overall oversight of flight operations.

ICICI Bank stock declined as much as 3.6% to an intraday low of ₹1,360 per equity share on the NSE, after it reported a 4.02% year-on-year (YoY) slump in its standalone net profit to ₹11,317.86 crore, compared to ₹11,792.42 crore in the year-ago period.

ICICI Bank’s Q3FY26 net-interest income jumped to ₹21,900 crore as compared to ₹20,300 crore in the same period last year, while the non-interest income for the quarter surged 12.4% YoY to ₹7,500 crore, as compared to ₹6,697 crore in the Q3FY25. On the other hand, the asset quality of the bank showed sharp improvement compared to the sequential quarter and the previous quarter. The GNPA improved to 1.53% for Q3FY26 as compared to 1.58% in Q2FY26 and 1.96% in Q3FY25. Similarly, the NNPA improved to 0.37% as compared 0.39% in Q2FY26 and 0.42% in Q3FY25.

Yes Bank shares tanked as much 3.12% to the day’s low of ₹22.71 apiece, despite posting strong December quarter earnings.

It had reported a 55.42% year-on-year (YoY) jump in its standalone net profit to ₹951.62 crore, compared to ₹612.27 crore in the same period of the previous fiscal year.

The bank's net interest income (NII) stood at ₹2,465 crore during the quarter under review, marking a 10.8% annual increase from ₹2,223 crore in the December quarter of the 2024-25 fiscal year (Q3 FY25).

However, its total interest income for the quarter remained subdued at ₹7,543 crore as compared to ₹7,829 crore in the same period last year.

Its net interest margin (NIM) stood at 2.6% in the December FY26 quarter, up by 10 basis points (bps) quarter-on-quarter (QoQ) from 2.5% in the second quarter of the current fiscal year. On a YoY basis, it grew by 20 bps from 2.4% in Q3 FY25.

HDFC Bank posted a 6.4% increase in its net interest income (NII) to ₹32,620 crore in Q3 FY26 as against ₹30,650 crore in Q3 FY25. The bank’s standalone post-tax profit surged 11.5% to ₹18,650 crore in the quarter under review as compared to ₹18,650 crore in the same period of the previous fiscal year.

The stock fell as much as 1.25% to the session’s low of ₹919.50 apiece despite the increase in profit.

Wipro shares dropped as much as 9.68% to an intraday low of ₹241.55 apiece, as its net profit declined 7% YoY to ₹3,119 crore in Q3FY26, compared to ₹3,354 crore in the same period last year, on account of higher provisioning for labor costs due to the new labor code.

On a sequential basis, its net profit declined 4% from ₹3,246 crore in the previous quarter. The decline in profit came on account of the implementation of new labour codes.

Wipro's revenue from operations, however, advanced 5.5% annually to ₹23,556 crore in the October-December period from ₹22,319 crore in the year-ago period. In dollar terms, its revenue came in at $2,634.5 million, up 1.2% on a sequential basis. In constant currency terms, revenue rose 1.4% sequentially but declined 1.2% annually.

The company has raised its revenue growth guidance for the current financial year to 0%-2% from its guidance of 0.5%-1.5% in the previous quarter. The press release read, “We expect revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million*. This translates to sequential guidance of 0% to 2.0% in constant currency terms.”

CG Power shares were in the spotlight today as the engineering conglomerate's stock soared over 8% intraday on the NSE after securing a large order for a data center project. The company secured a ₹900 crore order from a US-based firm for supplying power transformers for a data centre project.

This new order comes from Tallgrass Integrated Logistics Solutions LLC, USA, for a large-scale data center project in the United States. This is the largest single order ever won by CG Power and Industrial Solutions.