SENSEX slips 418 pts, NIFTY50 at 26,167 in noon deals; RIL, Trent, Dabur among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued to trade in the negative territory during the afternoon session on Tuesday, January 6, amid rising geopolitical concerns and selling in oil and gas stocks. The NIFTY Oil & Gas index slumped by over 2%.

The SENSEX fell as much as 0.56% to an intra-day low of 84,958.27. Meanwhile, the NIFTY50 touched the session’s low of 26,141.05.

At 12:40 PM, the S&P BSE SENSEX fell by 418.21 points, or 0.49%, to 85,021.41, while NSE’s NIFTY50 was trading at 26,167.50, marking an 82.80 points, or 0.32% decline.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹36.25 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹1,764.07 crore on a net basis, according to exchange data.

Shares of Trent, which fell 7.17%, contributed to the decline of the NIFTY50 index. It was followed by selling in Reliance Industries (-4.42%), Tata Motors Passenger Vehicles (-1.95%), Jio Financial Services (-1.91%) and Power Grid Corporation of India (-1.56%), which were among the top losers.

Conversely, the top gainers included Apollo Hospitals Enterprise (2.87%), ICICI Bank (2.67%), Bajaj Auto (2.55%), Hindalco Industries (2.47%) and HDFC Life Insurance Company (2.04%).

Buzzing stocks on January 6: Check list

Shares of Tata Motors Passenger Vehicles Ltd (TMPV) fell as much as 3.63% to an intra-day low of ₹360 apiece on the National Stock Exchange (NSE) on January 6, after it reported the wholesale and retail sales of Jaguar Land Rover Automotive plc (JLR) for Q3FY26.

JLR sales for the December quarter of the 2025-26 financial year were impacted by the cyber incident, with the firm posting a 43.3% year-on-year (YoY) decline in wholesale volume to 59,200 units, excluding Chery Jaguar Land Rover China JV (CJLR), during the period under review. Its wholesale sales fell 10.6% compared to the previous quarter.

On the retail end, its sales slipped 25.1% YoY to 79,600 units (including CJLR) during the reporting period. The retail sales were down 6.7% sequentially.

The stock of Trent fell as much as 8.34% to the session’s low of ₹4,060 per unit, after its December quarter business update failed to enthuse investors.

The company on Monday informed exchanges that its standalone revenue in the December quarter rose 17% to ₹5,220 crore compared with ₹4,466 crore in the same period last year. Its store portfolio included 278 Westside, 854 Zudio (including 4 in the UAE) and 32 stores across other lifestyle concepts, Trent said.

During the quarter, Trent added 17 Westside stores and 48 Zudio stores.

Trent's third-quarter business updates drew mixed reactions from global investment firms as faster store additions helped steady revenue growth, but concerns over a slowing growth trajectory persisted.

Shares of IndusInd Bank surged as much as 2.4% to an intraday high of ₹922.5 per unit, after the lender shared its December quarter updates.

In Q3 FY26, the private sector lender’s net advances declined 13.1% year-on-year (YoY) to ₹3.18 lakh crore as compared to ₹3.66 lakh crore in the same period of the previous fiscal year. Sequentially, it slipped 2.2%.

The bank’s deposits also slipped to ₹3.94 lakh crore as against ₹4.09 lakh crore, registering a fall of 3.8% YoY. On a quarter-on-quarter basis, it has lost 1.1%.

Its current account and savings account deposits (CASA) ratio dropped 30.3% in the reporting quarter from 34.9% in Q3 FY25.

L&T Finance stock gained as much as 2.86% to hit a fresh 52-week high of ₹329.45 apiece, after the Larsen & Toubro subsidiary reported its business update for Q3FY26.

The company posted an approximate 49% year-on-year (YoY) growth in its retail disbursements (or retail finance) to an estimated ₹22,690 crore during the quarter under review. In the December quarter of the previous fiscal year (Q3FY25), the firm had logged ₹15,210 crore in retail finance, it said in a regulatory filing on Monday.

The firm’s retail loan book at the end of the third quarter of FY26 was at ₹1.12 lakh crore (or ₹1,11,900 crore), reflecting a 21% annual increase from ₹92,224 crore. Furthermore, its realisations rose marginally to 98% from 97%.

Dabur India shares slipped nearly 4% to touch an intraday low of ₹501.25 per unit, as the FMCG company’s December quarter business updates failed to impress the market investors.

The firm expects consolidated revenue to grow in the mid-single digits, with operating profit and profit after tax to grow ahead of revenue. “Favourable macroeconomic conditions and recent tax reforms are expected to support a sustained recovery in demand and improvement in revenue trajectory in the coming quarters,” it said.

During the quarter, early signs of demand recovery were witnessed, aided by GST rate revisions. In the month of October 2025, distributors and retailers focused on liquidating the existing higher-priced inventory in the channel, the company said.

Post trade stabilisation, Dabur said consumer sentiment improved in urban and rural areas. The rural demand continued to outperform urban demand this quarter as well, it added.

Kotak Mahindra Bank stocks jumped nearly 2% to touch an intraday high of ₹2,228 per equity share in the early session on Tuesday, after the private lender reported a rise in total deposits and advances for the quarter ended December 31, 2025. However, the stock later slipped into the negative territory.

The bank’s net advances grew 16% to ₹4.80 lakh crore in Q3 FY26 as compared to ₹4.13 lakh crore in Q3 FY25. Sequentially, it rose 3.8%.

The private lender’s total deposit for Q3 FY26 stood at ₹5.42 lakh crore, climbing 14.6% YoY from ₹4.73 lakh crore. It rose 2.6% on a quarter-on-quarter (QoQ) basis.

Its case account and savings account (CASA) jumped 12% YoY to ₹2.24 lakh crore as compared to ₹2 lakh crore in Q3 FY25. On a QoQ basis, it edged up marginally by 0.2%.

Shares of Reliance Industries (RIL) slumped as much as 5.18% to ₹1,496.30 apiece, a day after hitting a record high. The fall in the stock price was witnessed following the company's denial of a report that claimed three vessels carrying Russian crude oil were heading to its Jamnagar refinery.

In a statement, Reliance said its Jamnagar refinery has not received any cargo of Russian oil over the past three weeks and is not expecting any deliveries of Russian crude in January.