NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on January 19

The Indian equity benchmarks are set to stage a gap down opening on Monday, January 19, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 159 points to 25,593 amid weak cues from Asian markets.

The Indian equity benchmarks snapped their two-day losing streak on Friday, January 16, powered by gains in information technology (IT) shares after Infosys reported better than anticipated December quarter earnings post market hours on Wednesday.

The SENSEX rose as much as 752 points and NIFTY50 index touched an intraday high of 25,873. But markets gave up gains in noon deals on account of profit taking ahead of key earnings announcement by HDFC Bank and ICICI Bank on Saturday.

The SENSEX ended 188 points higher at 83,570 and NIFTY50 index advanced 29 points to close at 25,694.

Asian markets

Most of the Asian markets were trading lower as geopolitical tensions across the world escalated after reports suggested that United States President Donald Trump threatened to impose 10% additional tariff on eight European nations for opposing American control of Greenland.

Japan's Nikkei declined 1%, Hong Kong's Hang Seng fell 0.84%, Australia's S&P/ASX 200 index dropped 0.42% while China's Shanghai Composite advanced 0.2%.

Wall Street update

US stocks ended marginally lower on Friday as first week of corporate earnings announcement concluded.

S&P 500 index ended 4 points lower at 6,940, Dow Jones Industrial Average declined 0.17% and tech heavy Nasdaq slipper 0.06%.

FII/DII activity

Foreign institutional investors sold shares worth ₹4,346 crore on Friday while domestic institutional investors bought shares worth ₹3,935 crore, data from the National Stock Exchange showed.

The FIIs have so far this month sold shares worth ₹22,530 crore, according to the data from National Securities Depository Limited (NSDL).

Q3 results today

Several prominent companies will post their earnings for the three-month period ended December 2025 on Monday, January 19. They include zinc-lead-silver producer Hindustan Zinc, technology consulting and digital solutions provider LTIMindtree, Indian Railways' funding arm Indian Railway Finance Corporation, NBFC Tata Capital, state-run lender Punjab National Bank, engineering and manufacturing enterprise Bharat Heavy Electricals Ltd and electrical equipment maker Havells India.

Stocks to watch

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 country's most valuable company reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit advanced 5% to ₹ 46,018 crore at the end of December quarter compared with 43,789 crore in the same period last year.

HDFC Bank’s net interest income for the quarter jumped 6.4% YoY to ₹32,620 crore as against ₹30,650 crore in the same period last year. The net interest margin on core assets stood at 3.35% and 3.51% on the interest-earning assets.

HDFC Bank’s average deposits were ₹27.5 lakh crore for the December 2025 quarter, a growth of around 12.2% over ₹24.5 lakh crore for the Q3FY25.

In the third quarter of the previous fiscal year, the bank had logged a profit of ₹11,792.42 crore, it said in a regulatory filing. On a sequential basis, its profit declined 8.42% quarter-on-quarter (QoQ) from ₹12,358.89 crore in Q2 of FY26.

Its net interest income (NII) surged 7.7% YoY to ₹21,932 crore during the quarter under review, compared to ₹20,371 crore in Q3 of the 2024-25 fiscal year (Q3FY25).

It clocked a net interest margin (NIM) of 4.3% in Q3 FY26, in comparison to 4.25% in the year-ago period. Sequentially, it remained unchanged.

ICICI Bank's gross non-performing assets (GNPA) fell slightly to 1.53% for the reporting quarter, as against 1.58% in the September quarter of the current fiscal year and 1.96% in Q3 of FY25. Its net NPA (NNPA) stood at 1.96%, from 0.39% in the previous quarter and 0.42% in the same period of last 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.

In an interaction with PTI, Tata Motors Passenger Vehicles MD & CEO Shailesh Chandra said that while government interventions such as GST 2.0, repo rate reduction and tax regime changes have revived demand in the passenger vehicle industry, entry-level EVs continue to face pressure.

"I would like to really appreciate the government for reviving the PV industry and the electric vehicle side as well. Two things which can be considered (in the Budget). One there is a lot of pressure on the entry segment on the EV side and if the government would like to consider some level of incentives," he said.

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.

It had logged a PAT of ₹29.7 crore in the same quarter of FY25.

Revenue of ₹8,11.56 crore in the quarter was more than double as compared to ₹335.55 crore in December quarter FY25.

EIL was the engineering, procurement and construction management (EPCM) consultant for Dangote Group when it first built an oil refinery. Now the firm has been re-hired for the expansion, the state-owned firm said in a statement.

The Dangote Group, Nigeria's leading multinational conglomerate headquartered in Lagos, plans to expand the refinery's capacity from 650,000 barrels per day to 1.4 million barrels per day under Train 2, with production of Euro VI-grade fuels.