SENSEX surges 548 pts, NIFTY50 at 25,803 in noon deals; RIL, Wipro, Infosys among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, surged in afternoon deals on Friday, January 16, driven by a rally in IT stocks amid stronger-than-expected December quarter results reported by IT heavyweight Infosys in the post-market hours on Wednesday. The NIFTY IT index gained over 3% on Friday.

The SENSEX surged as much as 752.26 points to an intraday high of 84,134.97. Meanwhile, the NIFTY50 touched the session’s high of 25,873.50.

At 12:28 PM, the S&P BSE SENSEX advanced by 547.97 points, or 0.66%, to 83,930.68. NSE’s NIFTY50 was trading at 25,803.80, reflecting a 138.20 points, or 0.54% increase.

On Wednesday, the foreign institutional investors (FIIs) sold shares worth ₹4,781.24 crore, while the domestic institutional investors (DIIs) bought equities worth ₹5,217.28 crore on a net basis, according to exchange data.

The top gainers of the NIFTY50 index included Infosys (5.79%), Tech Mahindra (4.20%), Shriram Finance (3.27%), Wipro (3.19%) and Tata Motors Passenger Vehicles (2.39%).

On the contrary, Cipla (-2.34%), HDFC Life Insurance Company (-1.53%), Eternal (-1.52%), Bharat Electronics (-1.44%) and Sun Pharmaceutical Industries (-1.42%) were among the top losers.

Buzzing stocks on January 16: Check list

Shares of Reliance Industries Ltd (RIL) have been trading in green ahead of the announcement of its results for the third quarter of the 2025-26 financial year (Q3FY26) on Friday, January 16.

According to experts, RIL’s consolidated Q3 revenue could stand between the range of ₹2.54 and ₹2.56 lakh crore, up 6.2% to 7.1% YoY and 0.5% to 1% compared to Q2. The company reported revenue of ₹2.54 lakh crore in the previous quarter and ₹2.39 lakh crore in the year-ago period.

Its net profit is expected to increase by 2 to 3% compared to the previous quarter, between ₹18,550 crore and ₹18,700 crore, while remaining flat on an annual basis. The company reported a net profit attributable to owners of ₹18,540 crore in Q3FY25 and ₹18,165 crore in the previous quarter.

Wipro stock surged as much as 3.69% to an intraday high of ₹269.80 per equity share on the National Stock Exchange (NSE), as it's set to announce its December quarter earnings on January 16.

As per experts, the company’s Q3 revenue could remain in the range of ₹23,410 to ₹23,450 crore, jumping 4 to 5% YoY. Sequentially, revenue is expected to rise by 3 to 4%. The company registered revenues of ₹22,319 crore in Q3FY25 and ₹22,697 crore in the previous quarter.

Meanwhile, its consolidated net profit could increase by 1 to 1.5% YoY to ₹3,350 to ₹3,385 crore and a 3 to 4% rise sequentially. Wipro reported a net profit of ₹3,246 crore in the previous quarter and ₹3,354 crore in Q3FY25. Wipro's EBIT margin is expected to remain muted in the range of 16.3% to 16.7% during the quarter.

Shares of Infosys, the IT services behemoth, rallied as much as 5.48% to hit a high of ₹1,687.50 apiece on the NSE.

The stock opened higher following the company's December quarter (Q3 FY26) earnings release on Wednesday, post-market hours. On Thursday, the stock market was closed on account of municipal elections in Maharashtra.

Infosys reported a 2.2% decline in consolidated net profit to ₹6,654 crore in the October-December quarter of FY26 (Q3 FY26). It had registered a net profit (attributable to owners of the company) of ₹6,806 crore in the year-ago period.

Its revenue from operations grew 8.89% to ₹45,479 crore compared to ₹41,764 crore in Q3 FY25.

The South Indian Bank stock rallied 6.38% to a 52-week high of ₹45.17 per unit, a day after reporting a net profit of ₹374 crore, as compared to ₹342 crore in the same quarter of the previous fiscal year, registering a growth of 9%.

Its net interest income (NII) for Q3 FY26 increased 19% year-on-year (YoY) to ₹486 crore as against ₹409.2 crore in the corresponding quarter of FY25.

Shares of Reliance Power (RPower) declined as much as 4.85% to an intraday low of ₹31.57 apiece on the NSE, after the market watchdog SEBI initiated a forensic audit on the company.

“Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that SEBI has initiated a forensic audit of the Company in relation to the alleged violations of the SEBI Act, 1992, SCRA, 1956, and Companies Act, 2013,” it said in a regulatory filing on Wednesday.

LTIMindtree stock gained as much as 5.07% to the session’s peak of ₹6,336.50 per equity share, after it bagged the Insight 2.0 project from the Central Board of Direct Taxes (CBDT) for about ₹3,000 crore.

The project is for building an AI‑powered program for the modernization of India’s national tax analytics platform.

The company said that “this 7-year mandate reinforces LTIMindtree’s leadership in enabling digital transformation, leveraging advanced digital architecture and data analytics to deliver real-time insights for policymakers.”

Zen Technologies shares advanced as much as 9.7% to touch an intraday high of ₹1,346.90 in the early session on Friday, January 16, after receiving orders worth ₹404 crore from the Ministry of Defence.

“These comprise orders worth ₹ 332 crores for the supply of Anti-Drone Systems / Counter Unmanned Aerial Systems (C-UAS) and ₹ 72 crores for Training Simulators and Equipment,” Zen Technologies said in a regulatory filing on Thursday.

The order will be executed within a year, the company further said.

The stock of Grasim Industries was trading in the positive territory as its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Sachin Sahay as Chief Executive Officer (CEO) of Birla Opus Paints, and as Senior Management Personnel of Grasim, effective from February 16.