Positive Buzz

• NLC India: The company has signed a non-binding Memorandum of Understanding (MoU) with the Gujarat government to develop large-scale renewable energy projects (solar, wind, and battery storage) involving an estimated investment of ₹25,000 crore.
• Indian Overseas Bank (IOB): The lender reported a stellar 56% year-on-year (YoY) increase in net profit to ₹1,365 crore for the December quarter. Additionally, the bank has reduced its overnight MCLR by 5 basis points, effective today.
• HDFC Asset Management Company: Reported a solid 20% YoY growth in consolidated net profit to ₹769 crore for Q3 FY26, driven by strong inflows and mark-to-market gains.
• ICICI Prudential AMC: The asset manager posted a significant 45% YoY surge in net profit, reaching ₹917 crore, and declared an interim dividend for shareholders.
• Interarch Building Solutions: The company secured a fresh domestic order worth ₹130 crore for a pre-engineered steel building project, boosting its order book visibility.
• Firstsource Solutions: Announced the acquisition of US-based telehealth firm TeleMedik for approximately $3 million to strengthen its healthcare service offerings.

Neutral Developments

• Market Holiday: Both the BSE and NSE are closed for trading today due to local elections in Maharashtra. Trading across equities, derivatives, and SLR segments will resume on Friday, January 16.
• Earnings Calendar (Jan 15): Several high-profile companies are scheduled to announce their Q3 results today despite the market holiday. Key names include Jio Financial Services, HDFC Life Insurance, L&T Technology Services (LTTS), Angel One, 360 ONE WAM, and South Indian Bank.
• Commodity Markets: While morning sessions are closed, trading in the commodity derivatives segment (MCX) is scheduled to resume in the evening session from 5:00 PM IST.

Negative News

• Infosys: The IT giant reported a 2.2% YoY decline in net profit to ₹6,654 crore for the December quarter. The bottom line was impacted by a one-time exceptional expense of ₹1,289 crore related to the implementation of new labor codes.
• Tata Elxsi: The company's Q3 net profit slumped nearly 45% YoY due to similar one-time costs associated with India’s new labor codes, leading to sharp selling pressure in late Wednesday trades.
• ICICI Lombard: Reported a 9% YoY decline in net profit to ₹659 crore for the quarter ended December 2025, missing some analyst estimates.
• 5paisa Capital: The brokerage firm saw its net profit drop by 24% YoY to ₹12.3 crore for the December quarter.

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