SENSEX recovers 470 pts, NIFTY50 above 25,700 in noon deals; Tata Elxsi, Coal India among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, recovered from their intraday lows and moved into the green during the afternoon session on Wednesday, January 14, supported by gains in metal and CPSE stocks.

The SENSEX advanced as much as 2.61% to an intraday high of 83,809.98. Meanwhile, the NIFTY50 touched the session’s high of 25,791.75.

At 12:35 PM, the S&P BSE SENSEX gained by 130.95 points, or 0.16%, to 83,758.64. It also recovered by 470.51 points from the session’s low. NSE’s NIFTY50 was trading at 25,774.05, marking a 41.75 points, or 0.16% increase.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹1,499.81 crore, while the domestic institutional investors (DIIs) bought equities worth ₹1,181.78 crore on a net basis, according to exchange data.

Tata Steel, which was trading 3.80% higher, was the top winner of the NIFTY50 index. It was followed by NTPC (2.77%), Oil & Natural Gas Corporation (2.74%), Axis Bank (2.61%) and Hindalco Industries (1.79%).

On the contrary, TCS (-1.79%), Asian Paints (-1.74%), Sun Pharmaceutical Industries (-1.70%), Cipla (-1.24%) and Eicher Motors (-1.20%) were among the top losers.

Buzzing stocks on January 14: Check list

Shares of Tata Elxsi declined as much as 3.62% to an intraday low of ₹5,583 apiece on the National Stock Exchange (NSE) on Wednesday, after reporting a 29.7% quarter-on-quarter (QoQ) decline in its net profit to ₹108.9 crore.

In the quarter-ago period, the design and technology services company had clocked a profit of ₹154.8 crore, it said in a regulatory filing on Tuesday. However, its bottom line (net profit) was impacted by a one-time exceptional item due to the implementation of new labour codes. Furthermore, its profit after tax (PAT) for the reporting quarter, excluding the one-time exceptional expense, stood at ₹179.1 crore.

Its revenue from operations advanced 3.9% sequentially to ₹953.5 crore for the December quarter of FY26, compared to ₹918.1 crore in the second quarter of the current fiscal year (Q2FY26).

The stock of ICICI Lombard General Insurance Company fell as much as 2.94% to the session’s low of ₹1,830.10 per equity share on January, as it posted a 9% year-on-year (YoY) decline in its net profit to ₹659 crore in the third quarter of the 2025-26 financial year (Q3 FY26), compared to ₹724 crore it clocked in the year-ago period.

The company’s net total income stood at ₹6,610 crore in the quarter under review, improving 12.3% YoY from ₹5,883 crore in the December quarter of FY25.

The insurance company’s net premium earned grew 12.6% to ₹5,685 crore in Q3 FY26 as against ₹5,045 crore in the same quarter of the previous fiscal year. Its gross premium came in at ₹7,433 crore, rising 15% YoY from ₹6,474 crore.

Indus Tower shares gained as much as 3.69% to an intraday high of ₹443.70 per unit on the NSE, after a note from brokerage firm CLSA.

According to CLSA's note, Indus Tower is a key beneficiary of Vodafone Idea’s AGR (adjusted gross revenue) relief, along with its fundraising efforts. It stated that Indus benefits from Vodafone Idea and Bharti Airtel’s tower expansion, adding that the latter continues its 5G ramp-up, with towers and sites up by 13,000 and 76,000, respectively, to 342,000 and 1.15 million.

Furthermore, it said that Vodafone Idea’s fundraising should add upside to a 10-11% CAGR growth in Indus’ revenue and EBITDA, adding that Indus’ balance sheet is net cash and its dividend restatement is likely to happen.

Shares of Hindustan Zinc, the subsidiary of metal and mining giant Vedanta and the only pure-play silver company in the country, rallied over 6.5% to hit a fresh 52-week high of ₹670.95 on the NSE.

Vedanta itself jumped as much as 6.63% to hit a fresh record high of ₹679.45 per equity share, amid a persistent rally in silver, gold, and other industrial metals.

The NIFTY METAL index soared as much as 2.8% during the session.

Coal India stocks rose 3.05% to a day high of ₹442 per share, after its subsidiary Bharat Coking Coal (BCCL) IPO saw a thunderous response from investors. BCCL IPO, which was a complete offer-for-sale, was subscribed 146.87 times overall between January 9 and 13.

The retail Investors category was booked 49.33 times, while the Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) quota was booked 258.1 times and 310.8 times. The portion reserved for the Coal India shareholders was subscribed 87.29 times.

Indian Oil shares advanced as much as 1.27% to an intraday high of ₹159.40 per unit on the NSE, due to oil discoveries in the onshore block 1, in Abu Dhabi.

“Indian Oil Corporation Limited (IOCL), along with Bharat PetroResources Limited (a 100% subsidiary of Bharat Petroleum Corporation Limited), jointly operate the Onshore Block 1 Exploration Concession in Abu Dhabi through a 50:50 Special Purpose Vehicle viz., Urja Bharat Pte Limited (UBPL). UBPL was awarded the Onshore Block 1 concession in early 2019 through Abu Dhabi’s 2019 Bid Round,” it said in a regulatory filing.

In early 2024, UBPL made its first oil discovery in the unconventional Shilaif play in XN-76 exploratory well. After successful hydrofracking operations, the well flowed light crude oil at the surface from the Shilaif formation. The successful testing results have established the presence of unconventional oil resources in Onshore Block 1, it stated.

“UBPL has also witnessed the oil discovery during testing of the exploratory well XN79 02S in the Onshore Block 1. The well flowed light crude oil, marking it the first oil find in the Habshan reservoir in the concession area. Going forward, this discovery would be appraised and matured for potential development,” it added.

The stock of Puravankara soared as much as 12.48% to the session’s peak of ₹259 per equity share, as it reported its Q3 business update, posting pre-sales growth of 17% YoY to ₹1,414 crore in the December FY26 quarter.

Its average price realisation improved by 12% YoY, while customer collections for the quarter grew by 22% YoY to ₹1,140 crores.