SENSEX slips 420 pts, NIFTY50 at 25,422 in noon deals; Ola Electric, LTIMindtree, Hindustan Zinc among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during the noon session on Tuesday, January 20, amid selling in realty stocks and weak cues from Asian markets, which were trading lower as United States President Donald Trump's Greenland tariffs reignited worries of trade wars across the world.

The SENSEX fell as much as 452.18 points to an intra-day low of 82,794. Meanwhile, the NIFTY50 touched the session’s low of 25,420.55.

At 12:26 PM, the S&P BSE SENSEX fell by 420.32 points, or 0.50%, to 82,825.86, while NSE’s NIFTY50 was trading at.15, marking a 163.35 points, or 0.64% decline.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹3,262.82 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,234.30 crore on a net basis, according to exchange data.

Shares of Eternal, which slumped 2.95%, were the top laggard of the NIFTY50 index. It was followed by Bajaj Finance (-2.73%), Coal India (-2.62%), Wipro (-2.50%) and Trent (-2.14%), which were among the top losers.

On the flipside, only eight stocks of the NIFTY50 index made it to the top gainers list. It included Dr. Reddy's Laboratories (1.53%), Hindustan Unilever (0.49%), HDFC Bank (0.38%), ICICI Bank (0.22%) and Kotak Mahindra Bank (0.17%).

Buzzing stocks on January 20: Check list

Defence and oil & gas sector stocks, including Hindustan Aeronautics Limited (HAL), Bharat Electronics (BEL), HPCL, and GAIL India, are in the limelight on Tuesday, January 20, as India and the United Arab Emirates (UAE) on Monday unveiled plans to have a strategic defence partnership and sealed an LNG deal.

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan have set a $200 billion annual trade target by 2032 while laying out a broad agenda to shore up the ties.

Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries, and counterterrorism.

Another pact was inked to provide for the purchase of 0.5 million metric tonnes of LNG (liquefied natural gas) by Hindustan Petroleum Corporation Limited (HPCL) from Abu Dhabi National Oil Company Gas over a period of 10 years starting in 2028.

Shares of LTIMndtree fell as much as 7.73% to hit an intraday low of ₹5,911.50 per unit on the National Stock Exchange (NSE), after its net profit declined in the December quarter.

LTIMindtree post-market hours on Monday reported net profit of ₹960 crore in the third quarter of the current financial year, marking a decline of 12% from ₹1,087 crore in the same period last year.

Its revenue from operations grew 11.59% annually to ₹10,781 crore, compared to ₹9,660.9 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

Bajaj Electricals Limited stock rallied as much as 10.82% to hit a high of ₹468 per equity share.

In its filing, the company said that to enable the expansion and diversification of the company’s business operations for sustainable growth, it has decided to enter into ‘Wires’ as a new business line under its ‘Lighting Solutions’ segment, in view of the growing demand in the Wires Industry.

The company is planning to launch the product shortly and assess the market to ascertain the investment required, which will be determined based on various factors, including the scale of business, operational requirements, and other prevailing external factors.

Shares of Oberoi Realty declined as much as 7.24% to an intraday low of ₹1,535.10 apiece on the NSE, after reporting its earnings for the December quarter of the 2025-26 financial year (Q3FY26).

The realty firm posted a 0.69% year-on-year (YoY) growth in its consolidated net profit to ₹622.64 crore during the quarter under review, compared to ₹617.82 crore in the third quarter of the 2024-25 financial year (Q3FY25). On a sequential basis, its net profit fell 18.03% quarter-on-quarter (QoQ) from ₹759.46 crore in the September quarter of the current fiscal year.

The company recorded a 5.78% annual increase in its revenue from operations to ₹1,492.64 crore for the December quarter of FY26, as against ₹1,411.08 crore in the year-ago period. However, on a QoQ basis, its revenue from operations declined 16.1% sequentially from ₹1,779.04 crore in the second quarter of FY26.

The board of directors of Oberoi Realty also declares its third interim dividend for FY26 at the rate of ₹2 per equity share, i.e., 20% of the face value of equity shares of ₹10 each. Furthermore, it fixed January 23, 2026, as the record date for payment of the interim dividend and said that the interim dividend shall be paid starting on or before February 5.

Havells India stock fell 5.67% to a 52-week low of ₹1,365 apiece on January 20, as its results missed analysts' estimates.

It reported a 7.9% increase in consolidated net profit to ₹300.05 crore in the quarter ended December 31, 2025, led by its cable and wire business. The company had posted a consolidated net profit of ₹277.96 crore in the year-ago period, according to a regulatory filing on Monday.

Its revenue from operations was up 14.3% to ₹5,587.89 crore in the December quarter. It was ₹4,888.98 crore in the corresponding period of the previous fiscal.

Shares of Hindustan Zinc, the subsidiary of metal and mining giant Vedanta, gained 5.52% to hit a fresh 52-week high of ₹696.90 on January 20 amid a persistent rally in silver prices. Its rally also came after it reported its Q3FY26 earnings.

On Monday, January 19, silver prices surged ₹10,000 on Monday to breach the record ₹3 lakh-per-kilogram mark in the national capital, driven by strong demand in domestic and global markets, according to marketmen. The white metal traded at ₹3,02,600 per kilogram on Monday against the previous closing level of ₹2,92,600 per kg.

The company on Monday reported a 46.2% rise in consolidated net profit to ₹3,916 crore for the quarter ended December 31, 2025, on the back of higher commodity prices, increased production, and a stronger dollar. It reported a consolidated net profit of ₹2,678 crore in the year-ago period.

The company's consolidated income of HZL during the October-December quarter rose to ₹11,273 crore from ₹8,832 crore a year earlier, the company said in a filing to BSE.

The stock of Ola Electric Mobility declined as much as 7.64% to an intraday low of ₹33 apiece on the NSE, after its board of directors, on Monday, approved the resignation of its Chief Financial Officer (CFO) Harish Abichandani, with effect from the close of January 19, 2026.

Its board also appointed Deepak Rastogi as the CFO, who will also be a key managerial personnel and part of the senior management personnel with effect from January 20, 2026.