Blinkit has abandoned its 10‑minute delivery promise after government intervention citing safety concerns. The author repeatedly emphasizes extensive collaboration with platform workers’ unions and various platform companies.
CNBC-TV18: https://youtu.be/9PvRq0-I6Zg 17:09 (1443s)
The video promotes “Young Turks at 22,” India’s longest‑running entrepreneurship series on CNBC TV 18, highlighting the journey of building the country’s largest start‑up platform, celebrating two decades of influential entrepreneurs, and encouraging viewers to follow CNBC TV 18 for headlines and updates.
CNBC-TV18: https://youtu.be/Yt2bo29CUgo 16:47 (194s)
Summary
Tariff Impact: The U.S. has imposed a 25 % tariff on countries that trade with Iran, affecting Indian rice exporters who ship to Iran—a key market heavily dependent on Indian rice. Combined with existing payment delays (over 180 days), rial depreciation, banking restrictions, and rising shipping/insurance costs, the tariff adds further pressure on Indian exporters.
Government Response: Exporters have recently consulted the Ministry of Commerce and the Export Promotion Council (Aveda), which will issue guidelines on risk mitigation, payment security, and insurance for shipments to Iran.
Domestic Market: Despite a bumper crop and globally low rice prices (non‑basmati at an eight‑year low), Indian rice prices have risen due to higher domestic consumption, especially of value‑added and nutritionally fortified rice. The government holds large stockpiles, resulting in high MSP but low realization for farmers.
Export Outlook: Indian rice (basmati and non‑basmati) reaches virtually every market, including the U.S., where Indian diaspora demand sustains demand regardless of tariffs. However, alternative origins (e.g., Brazil) are not accepted by Indian consumers or restaurants.
Future Markets & Challenges: New markets like Nigeria are moving toward self‑sufficiency, limiting growth opportunities. Exporters need government support to diversify and penetrate markets where other origins compete. Indian rice accounts for about 20 % of agricultural exports, so policy backing is crucial for the sector’s survival.
CNBC-TV18: https://youtu.be/fhs_rxTQzI0 16:32 (370s)
Tata Motors tested the new Punch under extreme Indian‑road conditions, colliding it with a much larger vehicle to verify structural integrity, passenger‑compartment stability, and safety‑system performance. The test demonstrated that the Punch meets or exceeds safety expectations, offering five‑star protection for families without requiring a larger, more expensive car. This showcases Tata’s commitment to delivering robust, real‑world safety for everyday commuters.
NDTV: https://youtu.be/uFUH24_mrwU 16:00 (182s)
Dinshaw Irani, CEO of Helios Mutual Fund, says the macro outlook for 2026 is improving. He credits fiscal stimulus and liquidity from the government and RBI, expecting mid‑teen earnings growth and a rebound in demand. He is optimistic about small‑ and mid‑cap stocks, noting PEG ratios of ~1.1 for small caps, 1.5 for mids, and ~2 for large caps, and plans to keep buying on market corrections, though he won’t disclose specific names. He sees rate cuts already front‑loaded; further consumer impact will take a quarter or two. He highlights the spending power of Gen Z (38% of the workforce) as a driver of domestic consumption. Regarding stock picks, he favors Eternals over Swiggy and remains bullish on both, while holding onto Ola but awaiting sustained market‑share gains before adding to the position. No trimming of positions has been done despite recent drawdowns.
CNBC-TV18: https://youtu.be/i2YFUn7FBVc 15:54 (505s)
APOLLOTYRE ETERNAL RELIANCE OIL INFY LTF TCS GESHIP SBILIFE AUBANK HCL-INSYS BIRLACABLE DAAWAT FSL IDEA TRENT MANAPPURAM ICICIBANK
The market closed lower amid high volatility during the weekly options expiry, with the Nifty hovering just below 25,750 and the Sensex down 270 points. The index swung between 25,600 and 25,900, recovering in the final half‑hour on support from ICICI Bank, SBI and Reliance, though Reliance was among the top losers. Other major drags included Trent (‑4%) and L&T (‑3%). About 1,500 stocks advanced while a similar number fell; top decliners were Dixintech, Vodafone Idea, and AU Small Finance, while gainers included Oil India, Manappuram, and Apollo Tyres. In IT, TCS rose 0.7% after an operational beat, HCL Tech slipped slightly, and attention turns to Infosys’s upcoming results. Mid‑cap IT and some basmati‑rice makers (ARBL, LT Foods) posted gains. The market ended around 25,732, down 58 points.
CNBC-TV18: https://youtu.be/NN-fWzyNAmM 15:49 (131s)
Nimesh reports that a late‑day recovery on the Closing Bell was driven by a large MOC (Market‑On‑Close) basket, mainly containing MSC‑related stocks, which also boosted the Nifty. Metals outperformed, supported by strong institutional buying. Technically, a break below 25,450 could trigger a sharp fall. Sentiment remains negative overall. Notable outperformers were SBI—benefiting from limited buy orders from a leading dealer—and Shale Hotels, which has seen buying from domestic mutual funds after a recent clean‑out. The market’s modest rebound is attributed primarily to the MOC basket activity.
CNBC-TV18: https://youtu.be/0zgvKeVdaLw 15:44 (133s)
NDTV: https://youtu.be/oQTBNPRiiyQ 15:30 (105s)
TV18BRDCST
Liz Kendall condemns the use of the Grok AI tool on X to create non‑consensual sexual deepfakes, including child sexual abuse images, calling the practice harmful, illegal, and disproportionately targeted at women and girls. She criticizes X’s limited restriction to paid users as insufficient, announces that the offense will be added as a priority under the Online Safety Act 2, and stresses that both individuals and platforms must be held accountable. The segment ends with a promotional plug for CNBC TV18.
CNBC-TV18: https://youtu.be/Hf4p3K5pVc0 15:29 (335s)
A collapse at BCCL’s illegal Asansol coal mine trapped workers, prompting ongoing rescue efforts. The incident has had minimal impact on the stock, which fell about 0.7%. Meanwhile, BCCL’s IPO has attracted strong subscription, offering value‑unlocking potential for Coal India, with the company priced at an EBITDA multiple of 6.4×. Over FY23‑25, BCCL’s revenue grew 5% YoY and 37% YoY, making it a solid medium‑to‑long‑term play linked to rising Indian steel demand. Further clarity on the mine accident’s human toll and operational suspension is needed before assessing its full impact.
NDTV: https://youtu.be/XVS6tk_MznU 15:22 (120s)
KRBL JKLAKSHMI TV18BRDCST INDIANB
Summary
Interview with Chetan Mehta, owner of Lakshmi Diamonds, on “The Big C” (CNBC TV18 Prime)
- Gold Prices: Current spot around $4,600/oz; Mehta expects gold to reach ₹1.5 lakh per 10 g soon and possibly ₹2 lakh per 100 g by Diwali.
- Demand Trends: 2025 saw strong investment demand but weaker jewelry demand; 2026 is expected to see a rebound in wedding‑driven jewelry sales, especially lighter‑weight pieces due to high gold prices.
- Product Launches: Introduced the Murali Manohar collection, a Krishna‑themed line featuring diamonds set in gold, spanning studs, necklaces, haars and pendants. The collection resonated emotionally and culturally.
- Future Outlook: Anticipates parallel growth in gold and diamond jewelry; lab‑grown diamonds (lab‑gurune) gaining traction among Gen Z. Plans to launch 7‑8 new collections in 2026, focusing on lighter designs that blend heritage with contemporary style.
Transition to geopolitical segment
- U.S. President Trump announced a 25 % tariff on any country doing business with Iran, targeting Iran’s trade partners.
- Impact on India: Iran is a major market for Indian Basmati rice (≈ 8.5 lakh tons FY25). Tariffs add a new cost layer, compounding existing sanctions and causing price drops in India.
- Industry Voices: KRBL and Indian Rice Exporters Federation note reduced exposure (≈ $8‑10 million) but highlight Iran’s historic importance for rice exports; recent sanctions have already constrained trade.
- Iranian Unrest: Massive protests since Dec 28 over soaring prices, with at least 490 deaths reported, internet blackout, and widespread arrests. U.S. and Israel accused of fomenting unrest; Trump considering “strong options,” possibly military. Iran claims readiness for negotiations, denies seeking war, and reports mosque attacks.
- Market Reaction: Ongoing instability and U.S. tariff pressure are being closely watched by international markets.
Conclusion: The segment wraps up the interview and the geopolitical update, ending the episode of “The Big C.”
CNBC-TV18: https://youtu.be/GxNvyvPSDsM 15:15 (758s)
The episode opens with market updates—U.S. indices hit fresh highs amid a DOJ probe into Fed Chair Powell, mixed Asian markets after President Trump’s new 25 % tariff on Iran‑related trade, and Indian indices swinging around the 25,700 level as oil prices rise on geopolitical tensions.
Interview with Yashiraj Kaitan, Founder & CEO of Polaris Smart Metering
- Government targets: Deploy 250 million smart meters by end‑2027 (originally 2025, now extended by two years). About 20 % of the target is already delivered.
- Purpose of smart meters: Reduce AT&T (Aggregate Technical & Transmission) losses, improve prepaid billing collection, and provide real‑time grid auditing to locate and plug leakages. They also enable demand‑response, helping integrate growing renewable capacity and support India’s decarbonisation goal of 500 GW of fossil‑fuel generation by 2030.
- Geographic rollout: North, Central, and West India are largely contracted; Southern states are still in the contracting phase. Roughly 150 million meters have been contracted, with about 50 million deployed and commissioned.
- Order book & market position: Polaris is executing ~10 million smart electricity meters and ~2 million smart gas meters. It is the largest smart‑gas‑meter provider in Southeast Asia and among the top five electricity‑meter players in India. The company covers ~25 % of Uttar Pradesh, ~60 % of urban West Bengal, the whole of Manipur, and parts of Chhattisgarh and Kashmir for electricity meters, and has nationwide coverage for gas meters.
- Competitive edge: Polaris offers an end‑to‑end solution—hardware, communications, software, and AI‑driven tools for utilities and AMISPs—setting it apart in the market.
The segment ends with a tease about the upcoming discussion on precious metals with Chetan Mehta of Lakshmi Diamonds.
CNBC-TV18: https://youtu.be/sUB8khz6hV0 15:12 (575s)
Ajay Bhagat views the discontinuation of 10‑minute delivery as a net positive for quick‑commerce firms such as Eternals, Wiggy and Zepto. He argues that the ultra‑fast model was straining delivery workers, merchants and customers—leading to unsafe driving, complaints and operational stress—while most urban areas already achieve 2–3‑minute deliveries that satisfy users. He believes the shift will ease systemic pressures without severely hindering expansion plans, though he cautions against heavy government regulation that could stifle job creation. Overall, ending the 10‑minute promise is unlikely to damage the sector and may even improve its sustainability.
NDTV: https://youtu.be/vs-u9O9Snfg 15:08 (141s)
Summary
Market Overview: U.S. equities were flat to slightly up (S&P +0.16%, NASDAQ +0.25%). Asian markets showed modest gains; Japan’s Nikkei rose ~3%, while Indian markets remained under pressure after a weak 2025 and a shaky start to 2026.
U.S.–Iran Tensions: President Trump announced a 25 % tariff on any country doing business with Iran, targeting nations like China, Iraq, UAE, Turkey and India. Iran’s trade with India is modest ($2‑3 bn annually, mainly basmati rice). Iran claims to keep diplomatic channels open, while protests in Iran have resulted in thousands of arrests and hundreds of deaths. The U.S. is considering stronger options, including possible military action.
U.S. Domestic Politics: Republicans in Congress are pushing back against the administration’s move to investigate Fed Chair Jerome Powell, threatening to block nominations until the probe is resolved. The DOJ’s investigation concerns alleged misstatements about the Fed’s headquarters renovation. The dispute is seen as a politicized attack on the Fed’s independence.
U.S.–India Trade Talks: New U.S. Ambassador to India, Sergio Gore, has signaled a push to restart trade negotiations, stating the next round could occur on Tuesday. No formal meeting has been scheduled yet. Indian officials claim they have already submitted a final offer (December 2025) and await President Trump’s approval. Experts on the show argue that Gore’s presence may facilitate dialogue but the ultimate decision rests with Trump, especially in light of pending Supreme Court rulings on the Iran‑related tariffs. If those tariffs are struck down, the trade framework would need renegotiation.
Expert Opinions:
Iranian Conflict Context: The panel cautioned that U.S. threats toward Iran may serve strategic goals (nuclear non‑proliferation, regional influence) rather than purely humanitarian concerns.
Conclusion: The geopolitical environment is volatile, with intersecting market movements, U.S. domestic political battles, and high‑stakes diplomatic negotiations. Sergio Gore’s arrival in New Delhi offers a potential conduit for U.S.–India trade talks, but the outcome depends heavily on President Trump’s stance and broader U.S. policy developments.
CNBC-TV18: https://youtu.be/ejBMjTvwXzw 15:06 (1504s)
Bandhan AMC’s Gold & Silver ETF Fund‑of‑Funds (FoF) launch
- Opening: 12 Jan – Closing: 20 Jan.
- Target audience: retail investors who lack DMAT accounts; minimum ₹5 000, SIP/SWP options.
Key take‑aways from the discussion with Gaurav Parija (Bandhan AMC) and Sachin Jain (World Gold Council):
Timing vs. Theme – The launch is driven by the long‑term durability of gold and silver as strategic asset classes, not by the current price rally. Short‑term corrections are expected, but the focus should be on a multi‑year horizon.
Fundamentals behind the rally
Outlook & Return Expectations – No reliable one‑year forecasts. Investors should allocate based on portfolio needs, not on trying to time record highs. Structural drivers (global debt, geopolitics, industrial demand) suggest continued relevance beyond 2025.
Allocation Guidance
Benefits of the ETF‑FoF structure
Signals of overheating – No precise “right‑time” rule; watch for extreme price spikes, widening gold‑silver ratio, and macro‑stress indicators. However, the consensus is to treat metals as a long‑term hedge rather than a short‑term trade.
Common misconceptions
Market data highlight – December gold ETF inflows hit a record ₹11,646 crore, underscoring strong investor interest and supporting the case for the new FoF products.
CNBC-TV18: https://youtu.be/Ie2sBQVfcoU 15:00 (1179s)
Summary
Performance & Outlook: HCLTech posted strong results, beating market expectations despite a one‑time labour expense of ₹956 cr. Management sees solid booking momentum (≈$3 bn in Q3, $1.5 bn ACV) that should drive revenue growth next year, though they are cautious on FY27 guidance and will update in April.
One‑time Cost & Margins: The ₹956 cr expense is a one‑off related to gradual and leave‑cash settlement categories. Ongoing impact is expected to be modest (10‑20 bps). EBIT margin slipped to 17‑18 % this year (down from the usual 18‑19 %) but is expected to rebound to 18‑19 % next year.
Workforce Management: Attrition has improved; headcount grew modestly in the prior quarter and is flat this quarter with a slight dip overall. Utilisation headroom exists, and hiring will continue to support service growth.
Spending Trends: Traditional discretionary spend (SaaS, modernization) remains slow, while AI‑driven projects (AI data centers, edge, custom silicon) are accelerating, fueling a 14‑15 % YoY growth in the tech vertical. Advanced AI services now represent ~20 % sequential growth.
AI Strategy: HCLTech distinguishes “advanced AI” (infrastructure, data‑center, specialized chips, IP) from broader AI integration. Within 2 years AI is expected to be embedded across most offerings, with advanced AI contributing a growing share of revenue.
Deal Pipeline: FY25 saw $10.5 bn of net new deal wins (excluding renewals). Management expects the pipeline to stay strong, with deal wins likely to rise on a moving‑average basis throughout FY26.
Key Risks for 2026:
NDTV: https://youtu.be/HwvGIvtseU4 14:52 (473s)
AARON RELIANCE BALUFORGE OIL ONGC INDIGO BAJFINANCE IRCTC DIXON LTF GODREJPROP ICICIPRULI ORIENTHOT HDFCLIFE TRENT
Nifty fell below 25,700 and the Sensex lost about 520 points, with mid‑caps and the Bank 50 index also slipping into the red. The market gave up yesterday’s gains ahead of two weekly expiries and a holiday on the 15th, leaving the overall texture bearish. Real‑estate and pharma stocks stayed under pressure, while capital markets, metals and financials managed modest green runs.
Top losers included Trent, L&T, Reliance and IndiGo, with Dixon Technologies, Godrej Properties, IRCTC and a few other names hitting 52‑week lows. Manappuram Finance was a rare bright spot, up roughly 4% on the second day of a rebound.
Balu Forge bucked the downtrend, rallying more than 10% after the Income‑Tax Department cleared it of any incriminating documents.
Analyst Srikant Chauhan (Codex Securities) warned that if Nifty breaks 25,500 the market could see further weakness, but expects it to trade in a 25,500‑26,000 range for the next few days, with sideways or stock‑specific moves. He remains bullish on ONGC (target 260) and Etern (target 320‑330).
In the insurance space, the IRDA is expected to release a consultation paper next month on capping segmental commissions and tightening the expenses‑of‑management limits (currently 30% for general insurers, 35% for health insurers).
ICICI Prudential Life posted a solid Q3, with premium growth of ~4% but a 19% jump in value of new business and margin expansion to 24.4%, beating expectations.
The segment closed with a plug for CNBC TV 18’s “Alpha Generators 2026” conference.
CNBC-TV18: https://youtu.be/trL-yJB86u8 14:45 (1015s)
ICICI Prudential Life posted Q3 FY26 results showing modest premium growth (≈4% YoY to ₹2,525 cr) but a strong rise in value of new business, with VNB up 19% YoY to ₹615 cr. Margins improved to 24.4% from 21.2% (≈300 bps), beating broker expectations (23.2%) by about 100 bps. The results were highlighted as a positive catalyst for the stock, prompting a brief promotional plug for an upcoming CNBC TV18 market‑movers conference.
CNBC-TV18: https://youtu.be/o3Q08ChPYzQ 14:36 (144s)
CNBC-TV18: https://youtu.be/1H37WmJ51kw 14:28 (111s)
The Labour Ministry, after a meeting with representatives from Swiggy, Zomato, Blinkit, and other gig‑delivery platforms, has ordered the removal of any guaranteed “10‑minute delivery” promises. The decision follows concerns raised by gig workers—referred to as “Greek workers” in the transcript—about safety, traffic violations, and inadequate compensation when pressured to meet ultra‑fast delivery timelines. MP Raghav Chatter (Amadhi Party) highlighted these issues by temporarily working as a Blinkit delivery agent. Platforms have previously defended their safety measures and compensation (around ₹20‑25 k per month), but the ministry’s intervention will prohibit time‑bound guarantees across all services. The move is welcomed by gig‑worker unions as a victory for safety, fair pay, and workers’ rights after recent strikes on December 25 and 31.
NDTV: https://youtu.be/pm6vCjiz4U0 14:28 (691s)
MCX LICHSGFIN IEX BSE GICHSGFIN
The discussion centers on the highly anticipated IPO of NSE (referred to as NSC). Key points include:
Share Structure & Valuation: After bonus adjustments, NSE will have 247.5 cr shares. At a tentative price of ~₹2,000 per share, the market cap would be about ₹5 lakh cr. Projected EPS for FY27 is ~₹51, implying a valuation multiple of ~39×, comparable to peers BSE (≈43×), MCX (≈48.5×) and IEX (≈25×), and lower than global exchanges (20‑25×) but justified by NSE’s ~40‑50% growth versus ~4% for Hong Kong.
Shareholder Landscape: Major selling shareholders will be PSUs via an FPO, not a traditional IPO. LIC holds the largest stake (≈10.7%). Other significant holders include Stock Holding Operation (4.4%), SBI Capital (4.3%), SBI Bank (3.2%), GIC (1.6%), Oriental Bank (1.4%) and New India Assurance (1.4%). PSUs collectively own ~31.3% (insurance 17.5%, financial firms 8.9%, banks 4.5%). Prominent individual investors such as Rekha Junyanwala, Radhakishan Damani, Sachin Tendulkar and Charukan also have sizable positions.
Business Fundamentals: NSE commands ~90% market share in most segments, ~80% in options, and is expanding into electricity futures (≈4 lakh contracts) and MF Platform 2.0. Transaction fees (≈80% of revenue) dominate earnings, but diversification is underway. Despite a recent dip in profit (‑30%) and revenue (‑18%) due to a one‑off settlement charge of ₹1,293 cr, underlying earnings remain strong.
Valuation Perspective: At ~39× earnings, the stock isn’t “cheap” but is deemed reasonable given high growth. Analysts expect the listing price to be near current unlisted levels (₹1,900‑₹2,100), with a possible upside to the historical peak of ₹2,400 if sentiment improves. A 3‑5 year holding horizon is advised; the stock is viewed as a long‑term compounding play rather than a short‑term listing‑gain opportunity.
Risks: Potential regulatory changes (e.g., SEBI actions on index options) could affect transaction‑based revenues. Over‑reliance on transaction fees and market sentiment-driven volatility are highlighted as near‑term concerns.
Conclusion: NSE’s IPO (likely on BSE) is expected to attract institutional and endowment investors, with a modest discount to current unlisted pricing. Investors should focus on long‑term growth prospects and monitor the unlocking of PSU and individual shareholder stakes rather than seeking quick listing gains.
CNBC-TV18: https://youtu.be/4VeLtjIG0BI 14:13 (789s)
SBIN BANKBARODA HDFCBANK ICICIBANK
CLSA has upgraded HDFC Bank to an “out‑perform” rating with a target price of ₹1,200, arguing that current concerns—high loan‑to‑deposit ratio (≈98 %) and cost cuts after wholesale bond refinancing—are overstated. The broker sees FY‑27 as a breakout year and notes the stock trades at a 10‑12 % discount to ICICI Bank, offering an attractive valuation of about 1.7 × earnings for a 1.9 % ROE business. It highlights HDFC’s prudent lending, low credit costs, and stable franchise, suggesting it’s a good time for investors to overlook the noise and consider the bank’s upside, especially as private‑sector banks look to catch up with PSU peers.
NDTV: https://youtu.be/dsAJzGqqGD4 14:08 (143s)
MCX LICHSGFIN AUROPHARMA OAL NIACL CIPLA SBILIFE IEX BSE GICHSGFIN
NSE IPO Overview
- The NSE, with a market‑capitalisation of ~₹5 lakh crore, is expected to list via an FPO, not a self‑listing.
- FY‑26 EPS is projected at ₹25; FY‑27 EPS estimates range from ₹50‑₹51, implying a forward P/E of ~39×.
- Compared with Indian peers (BSE ~43×, MCX ~48.5×, IEX ~25×) and global peers (20‑25×), NSE appears higher but justified by its 40‑50 % growth rate versus the low growth of exchanges like HKEX.
- Shareholding: PSU investors own ~31 % (LIC 10.7 %, SBI Capital 4.4 %, SBI Bank 3.2 %, other insurers/banks 13 %). Notable private holders include Rekha Junyanwala, Radha Kishan Damani, Sachin Tendulkar, etc.
- Analysts (Girmit Chadda, Gurmeet Singh) view the valuation as reasonable for a long‑term 25‑30 % compounding asset. They expect strong institutional demand, limited retail allocation, and modest listing‑day premium. Potential price range: ₹1,500‑₹1,800, possibly touching the historic ₹2,400 peak if sentiment improves. Risks include regulatory changes to index options, competition from emerging exchanges (e.g., Metropolitan Stock Exchange), and reliance on transaction‑fee revenue.
Rice‑Trade Segment
- 25 % U.S. tariff on Iran’s partners strains Indian basmati‑rice exports to Iran, already hit by payment delays, currency depreciation, banking restrictions, and higher shipping/insurance costs.
- Exporters are seeking guidance from APEDA and the Ministry of Commerce to mitigate payment and insurance risks.
- Despite a bumper domestic crop and low global rice prices, Indian rice prices remain firm due to strong internal demand and value‑added varieties.
- Export markets are becoming increasingly protectionist; alternatives like Brazil are not accepted by Indian consumers. Countries such as Nigeria are pursuing self‑sufficiency, limiting new export opportunities.
- Industry calls for continued government support, noting rice accounts for ~20 % of India’s agricultural exports.
Cipla Update
- Cipla recovered after intraday lows, but faces upcoming competition for its respiratory drug from Lanit (acquired by Aurobindo for $250 m) which has just received regulatory approval, ending Cipla’s long‑awaited exclusivity.
CNBC-TV18: https://youtu.be/0AyHxuJHbZY 13:59 (2431s)
Trump announced on Truth Social that the U.S. will impose a 25 % tariff on any country doing business with Iran. India, which exported about $1.2 billion to Iran in FY 25—≈ 61 % of it basmati rice—could see those sectors hit. The Indian government has not yet responded because the claim is unofficial; it awaits formal U.S. notifications from the USTR and Customs, then will seek clarification on: (1) whether the tariff applies to future or past trade, (2) if it stacks on existing duties (e.g., the 50 % U.S. tariff on India), (3) whether it is sector‑specific or blanket, and (4) the status of the six‑month U.S. sanctions waiver for the Chabahar port, which expires in April. Officials are expected to pursue answers in the coming days. (Brief promo: CNBC TV 18’s “Market Forum – Alpha Generators for 2026” airs Jan 13, 4:30 pm.)
CNBC-TV18: https://youtu.be/dv6_ESulAxo 13:53 (210s)
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The CNBC TV18 show “Bazaar Morning Call” on January 13, 2026, covered major global and domestic market developments. US equities showed marginal gains, but financial stocks fell after President Trump proposed a 10% cap on interest rates. Trump also announced a 25% tariff on countries trading with Iran, impacting Indian rice exporters like KRBL and LT Foods, though direct exposure is limited. The Chabahar port project in Iran remains strategically significant for India. US Ambassador Sergio Gaur signaled progress on an India-US trade deal, boosting market sentiment.
Domestically, Indian markets reacted to HCL Tech and TCS Q3 results. HCL Tech reported a beat with improved guidance and margins, while TCS met expectations but missed on profit due to a one-time ₹3,400 crore charge linked to new labor codes. Both IT majors face headwinds from slower revenue growth, though AI revenues are rising—$1.8 billion for TCS and growing fast at HCL Tech.
Market technicals showed a rebound from oversold levels, supported by options data and short covering, but FIIs continued selling. Nifty futures hinted at a positive start, though momentum faded with losses in heavyweights like Reliance and HDFC Bank. HDFC AMC’s Chirag Sitalvad noted valuations remain elevated, advising patience amid global volatility. Manish Gunwani of Bandhan AMC expressed cautious optimism on small caps, citing attractive valuations despite liquidity and currency pressures.
Commodities surged due to geopolitical risks—gold, silver, and copper hit near-record highs, while oil prices rose on concerns over Iranian supply and instability in Venezuela, Kazakhstan, and Russia. Brent crude touched a one-month high. Biocon launched a ₹4,150 crore QIP post-merger, while firms like Anand Rathi, Dish TV, and KRBL reported steady results.
Labor code implementation triggered one-time expenses for firms. Experts explained the new rules unify wage definitions, increasing PF and ESI costs, especially for entry-level employees, but impacts are expected to be absorbed within annual hikes. Gig economy firms may see cost substitution rather than increases if government social security expands.
HCL Tech’s leadership remained confident on FY27 growth and margin recovery to 18–19%, excluding restructuring costs. TCS emphasized strategic acquisitions like Coastal Cloud to scale AI services, with no near-term large buyouts expected. Infosys results awaited.
The show concluded with technical views favoring short-term caution—Nifty support seen at 25,200–25,300—while recommending selective trades in metals, banking, and large caps. Fiscal policy discussion highlighted calls for looser deficit targets to support growth amid global uncertainty. Budget 2026 expectations dominated the forward-looking narrative.
CNBC-TV18: https://youtu.be/nhK87evitGc 13:40 (7021s)
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GTPL Hathway opened strong but later cooled after a Q3 earnings beat. IT stocks such as TCS, HCLTech, BirlaSoft, TechM, and Mphasis each rose over 1%. Mid‑cap Balaji Amines surged ~11.5% on high volume, while Godfrey Phillips climbed sharply, becoming a top mid‑cap gainer after recent industry news. Conversely, L&T fell >2.5% amid $4.5 bn of pending orders and concerns over Kuwait’s potential order retender, and HEG, SAIL, and another L&T‑linked stock slipped, hitting fresh 52‑week lows. The market remains volatile ahead of two weekly expiries.
CNBC-TV18: https://youtu.be/H7q1wVasM3o 13:02 (146s)
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Market snapshot (13 Jan 2026)
- Macro: December CPI 1.3 % – below RBI’s 2‑6 % tolerance, fuelling hopes of monetary easing.
- Rupee: ≈ 90.24 / $, pressured by global dollar demand and geopolitical tension.
- Commodities: Brent crude higher on Iran‑related supply worries (fourth day up).
Equities
- Indices: Nifty ≈ 25,790, Sensex ≈ 83,879; Bank Nifty up ~0.3 %, out‑performing.
- Top losers: L&T, Trent, Jio Financial (≈ ‑170 pts overall).
- IPO: Bharat Kokingkole – ~50× oversubscribed, 157× NII, final day of bidding.
- Stocks: Dixon Technologies & Godrej Properties at multi‑month lows; Vedanta and IndusInd Bank highlighted as buy‑the‑dip ideas.
Technical view (Rajesh Palviya, Access Securities)
- Nifty holding 100‑day MA (≈ 25,700‑25,600); supply zone at 25,926‑25,950.
- Break above 25,950 could trigger short‑covering rally.
- Bank Nifty near 20‑day MA; upside target 59,900‑60,000, long position with SL ≈ 59,300.
- Stock calls: Vedanta (target 655‑665, SL 625) and IndusInd Bank (target 935‑940, SL 890).
F&O & expiry positioning (Sunny Agarwal, SBI Securities)
- Expected range‑bound expiry: support 25,720 – resistance 25,870.
- Heavy buying in 25,800 call (≈ ₹50 premium, ~3 cr shares) and 25,750 put (₹18‑20 premium).
- Minor speculative interest in 25,900 call (₹15).
- Metal names (Jindal Stainless, Nalco, Vidanta) showing strong buying; Oil India net long, Dixon Tech & NHPC net short.
Sector & earnings outlook (Sunny Agarwal)
- FY 27‑28 Nifty earnings projected to grow double‑digits (≈ 14‑15 %).
- Main growth drivers: Financial services, consumer discretionary, IT, cement, auto‑ancillary.
- Real‑estate: Favor pan‑India developers with strong balance sheets (e.g., DLF, Lodha, Phoenix Mills) – residential & commercial exposure.
- Top stock picks:
- Auto‑ancillary: Pre‑Call, Bellari.
- Cement: CCL Products.
- Metals: Stainless‑steel proxy, Ferro‑chrome, INFI (high‑growth small‑caps).
Company‑specific risk
- L&T: Potential order‑book impact from Kuwait’s rebidding of $8.7 bn oil‑project tenders; ~₹4.5 bn of projects in limbo, could trim FY 26 order‑inflow guidance.
Later session
- Index slipped ~25 pts; Bank Nifty kept the market afloat, led by ICICI, HDFC & SBI.
Bottom line
- Macro data support easing expectations; rupee under pressure; equities mixed with banks and metals holding up, while select stocks (Vedanta, IndusInd) offer dip‑buy opportunities.
- Market likely to trade in a 25,720‑25,870 range ahead of expiry, with banks and auto‑ancillary sectors seen as the primary upside catalysts.
CNBC-TV18: https://youtu.be/AuUSi5T8srE 12:57 (2225s)
INDIANB FEDERALBNK SHRIRAMFIN HDFCLIFE ICICIBANK CUB HDFCBANK SBIN BAJFINANCE IOB AXISBANK KOTAKBANK 5PAISA BANKBARODA MAHABANK POLICYBZR
Key take‑aways from the Q3 FY‑26 review with Suresh Ganapathy (Macquarie Capital):
Earnings season focus: After the IT results, the market’s attention will shift to finance – insurance, NBFCs and banks – with a packed calendar (Bank of Maharashtra, IOB, Union Bank, Indian Bank, Federal Bank, ICICI, HDFC Bank, etc.) through mid‑January.
Insurance: Very bullish. Protection business shows strong volume growth and ultra‑high margins (80‑90 % vs. ~10 % for ULI‑type products). Even with a short‑term tax‑credit head‑wind, the sector’s fundamentals and upcoming risk‑based solvency reforms should drive margin expansion into FY‑27.
NBFCs: Prefer smaller‑mid‑cap players over the large ones. Large NBFCs (e.g., Bajaj Finance) face a trade‑off between high growth and sustainable ROA; valuation is stretched. Smaller NBFCs such as AB Capital and Shriram Finance offer comparable growth, stable ROA, and discount‑style multiples.
Public‑sector banks (PSUs): Strong upgrade, especially SBI (price target lifted from ~₹720 to ₹1,150). Drivers:
Private‑sector banks: Mixed view.
FinTech / new‑age lenders: PTM FinTech and PB FinTech have upgraded outlooks thanks to unadjusted EBITDA growth and operating leverage. However, they trade at high multiples (≈50× FY‑28 EBITDA), so upside depends on sustaining leverage and margin expansion.
Mid‑cap private banks (e.g., Federal Bank, RBL, City Union, AU Finance): Expectations are high but structural challenges (governance, asset‑quality issues) limit upside. The analyst prefers proven models like City Union Bank, which has a secured‑asset base, SME focus, and a stable 1.5 % ROA.
Overall stance: The coming earnings season is likely to validate the bullish revisions for PSUs and insurance, while NBFC and private‑bank picks will hinge on growth‑versus‑valuation trade‑offs and the ability to sustain deposit or asset‑quality momentum.
CNBC-TV18: https://youtu.be/NJK8OjCVnhU 12:52 (787s)
Summary – Metropolis Healthcare interview with Amira Shah (Executive Chairperson)
Overall, Metropolis is leveraging its genomics launch and specialty test focus to build a higher‑margin, differentiated business, while maintaining a disciplined acquisition pipeline to fuel geographic and service expansion.
CNBC-TV18: https://youtu.be/ZyfQJP_OJQ0 12:49 (585s)
Warburg Pincus’s deal will transfer roughly 1,300‑1,400 crore of debt to FLIR after a demerger, leaving Lemonry debt‑free. FLIR will retain about 1,300 crore of gross debt (after paying off ~250‑300 crore over the next 12‑15 months). Lemonry will generate strong cash flows from its third‑party‑managed hotels—5,000 rooms signed this year—and fees from FLIR, estimated at around 300 crore, with rapid growth expected over the next 3‑5 years. The company will benefit from lower corporate expenses, reduced tax, and no depreciation, but must decide how to allocate the additional cash. Further updates on the transaction’s progress are planned over the coming year.
CNBC-TV18: https://youtu.be/kTdD6LeFTdM 12:41 (683s)
The Sir Ratan Tata Trust board will meet on Jan 17, likely approving the induction of 32‑year‑old Neville Tata—son of Noel Tata and head of Star Bazaar (Trent’s retail arm)—into the trust. Neville and Bhaskar Bhatt were already added to the Sir Durabji Tata Trust in November, a move seen as strengthening Noel Tata’s influence. The upcoming meeting may also address the reappointment of trustees such as Darius Kambata and Pramit Zaveri. Neville’s entry signals a generational shift in Tata leadership, reflecting his role in Trent’s growth (notably Zudio) and positioning him for greater responsibility within the Tata ecosystem.
CNBC-TV18: https://youtu.be/syY-SeieIz8 12:36 (178s)
The discussion covers two stock recommendations:
TCS: Current holder has 100 shares bought at ₹3,200. Consensus advises against adding more shares now, citing weak earnings impact, unsatisfactory recent results, and pending negotiations that may affect margins. The recommendation is to stay long‑term with the existing position but not increase the stake.
Office Solutions (Embassy Developers): Analyst sees a positive outlook. The stock is in an upper rising channel, with strong support around ₹845‑₹850 and a secondary support at ₹440. Recent price action tested the lower support, and the rally is expected to continue toward ₹940‑₹950, with potential to reach ₹480‑₹490 for the Office phase. The suggestion is to hold long positions and consider averaging in.
NDTV: https://youtu.be/QWxyJUj0Xu0 12:35 (113s)
GLOBAL TATASTEEL SOBHA CCL ORIENTBELL DLF SBILIFE LODHA PHOENIXLTD
Sunny, head of fundamental research for the retail desk at SBI Securities, said Nifty 50 earnings are set to return to double‑digit growth in FY 27‑28, driven by government and RBI initiatives that boost credit‑card usage, consumption (via GSE rationalisation and tax benefits) and cap‑ex spending. He expects Nifty EPS to rise to roughly 13‑30 % in FY 27, with the index trading around a 29 × PE.
Key sectoral catalysts: * Financial services (both fund‑based and non‑fund‑based) – primary growth driver.
* Consumer discretionary – stronger consumption outlook.
* IT – improving demand environment should lift earnings.
* Cement – expected rebound after a weak H1 FY 25.
* Auto – robust domestic demand, OEMs using India as an export hub and a wave of acquisitions create multiple growth levers; stocks such as Precal and Bell Drive are highlighted.
Real‑estate outlook: larger, pan‑India developers with strong balance sheets are best positioned to expand into new markets (e.g., South‑based players entering Mumbai, DLF moving into Mumbai). These firms can drive earnings growth on both residential and commercial fronts. Sunny cites Lodha, Sobha, and especially Phoenix (commercial) as attractive picks, while smaller players like Signature Global face headwinds.
Top stock calls: * Auto – Precal, Bell Drive.
* Cement – CCL Products (capacity‑utilisation expansion).
* Metals – stainless‑steel proxy and INFI (organic capacity expansion and Tata Steel acquisition) expected to deliver 20‑25 % earnings compounding over 2‑3 years.
He concludes that the combination of macro‑driven earnings recovery and sector‑specific growth levers creates a “bottom‑up” stock‑picking environment with ample pockets of opportunity. The segment ends with a plug for CNBC TV 18’s upcoming market‑movers show.
CNBC-TV18: https://youtu.be/j1E8bJIYKBI 12:29 (415s)
Anand Rathi reported a Q3 AUM of ₹99,000 cr, close to its FY26 target of ₹1 Lakh cr, and chose not to revise its AUM guidance, citing market volatility and a desire to avoid over‑promising. Revenue and net‑profit guidance were also left unchanged, with current performance at roughly 75‑78 % of targets, but the company expects to meet or modestly exceed them. RM attrition has been low; over the past year three RMs left, resulting in a 20 % loss of the ₹446 cr they managed, while 80 % of assets were retained. The firm maintains a five‑year growth plan, targeting about ₹1,000 cr AUM per RM and aiming for 20‑25 % annual revenue growth by September 2030. The management emphasized consistency, accountability, and a transparent, regulator‑compliant approach.
CNBC-TV18: https://youtu.be/2-uaKm7GXM0 12:18 (418s)
The new labour law will raise employment costs, affecting corporate margins, especially for firms with high‑pay gig workers such as quick‑commerce platforms. While the Payment of Gratuity Act caps statutory gratuity at ₹20 million, companies often exceed this limit; assessing the impact requires a company‑by‑company review of annual reports. Gig workers will now fall under the Social Security Code, shifting their health, life and retirement coverage from private insurers to government schemes. This “cost substitution” could increase total cost of ownership, but the government‑provided benefits—e.g., unlimited cashless health cover under ESI for workers and their families—may be more extensive than private insurance. The overall effect on margins will vary across firms.
CNBC-TV18: https://youtu.be/qIKcgV-HRcY 12:10 (403s)
The market stayed flat with the Nifty slipping marginally into red, led lower by L&T and Reliance. The main story was Lemon Tree Hotels’ demerger and Warburg Pincus’s investment in its hotel arm, Fleur Hotels. Warburg will inject up to ₹960 crore (primary capital) in multiple tranches over the next 12‑15 months, buying a 41% stake from APG. The exact valuation wasn’t disclosed, but the combined equity after the infusion could reach roughly ₹1,700‑₹1,800 crore, enabling total capital of about ₹3,200‑₹3,500 crore (≈$300‑$350 m) for expansion.
Lemon Tree will retain about 74% of the combined entity, translating to a roughly 33% direct holding in Fleur and an indirect 41% ownership through its share of Lemon Tree. Post‑demerger, Lemon Tree will be debt‑free, while Fleur will carry most of the current ₹1,600 crore debt, likely netting around ₹1,300 crore after scheduled repayments. The company plans to add 700‑800 rooms now, with discussions to acquire an additional 2,500 rooms, targeting a portfolio of ~6,000 rooms. Revenue and margin guidance were not provided, with management citing the need to avoid specific forecasts. The segment’s free cash flow is expected to be several hundred crores, supplemented by management fees from third‑party hotels. The interview concluded with a reminder of upcoming market‑focused events on CNBC TV18.
CNBC-TV18: https://youtu.be/KWQ_mn-Kdg4 12:07 (1404s)
ICICIBANK JSL VEDL DIXON OIL NHPC
The market is consolidating ahead of expiry, with Nifty trading between 25,720 and 25,870. Strong activity in the 25,800 call (≈₹50 premium, ~3 cr OI, 60% added today) and the 25,750 put (₹18‑20 premium) suggests resistance near 25,850‑25,870 and support around 25,720. Some traders hold 25,900 calls (₹15 premium) betting on a breakout, but most expect a range‑bound close. Nifty Bank outperforms, led by large banks, while Mid‑Cap is down ~100 points. Metal stocks are bullish: Jindal Stainless +4.5%, Nalco +3.5%, Vedanta +2%. Individual stock moves include long buildup in Oil India and short pressure on Dixon Tech and NHPC, both down ~2‑2.5%. The overall sentiment is a pause and range‑bound expiry.
CNBC-TV18: https://youtu.be/8_qAX0X_mCc 12:05 (151s)
HALEOSLABS
Amagi Media Labs (formerly Maggi Media Labs) is debuting a ₹1,800‑crore IPO at ₹343‑₹361 per share. The company provides cloud‑based media‑technology that lets broadcasters replace on‑premise infrastructure with SaaS for content management, ad insertion, and distribution.
Performance:
* 30 % CAGR over the past 2.5 years.
* Operating leverage has shifted from –21 % to +8.5 % in the same period, moving from a 2 % margin last year to an 8 % margin now.
* Net‑revenue retention is 127 %, indicating strong “land‑and‑expand” growth.
* Sales and R&D spend as a % of revenue are falling; cloud costs are decreasing, supporting margin expansion.
Growth outlook:
* Streaming‑unification remains the biggest revenue driver (≈55 %); monetization, marketplace, and cloud services are the next pillars.
* Only <10 % of global broadcasters have migrated to the cloud, leaving a large addressable market.
* The customer base is ~450 accounts (10 k+ users), offering further upside through expansion and new wins.
Profitability:
* Recent profitability is not a one‑off cost‑cut for the IPO; it reflects the operating leverage from earlier R&D and sales investments.
* No capitalisation of costs; AI development is already expensed.
* Management expects continued margin improvement, targeting industry‑typical ~25 % margins for vertical SaaS firms within 2‑3 years.
Future investments & M&A:
* Primary focus now is harvesting existing investments and rolling out AI‑enhanced features.
* IPO proceeds may be used for selective acquisitions: (i) technology assets that complement the Amagi platform, and (ii) customer‑facing businesses that accelerate market reach.
* Competition is mainly legacy hardware vendors transitioning to software; Amagi claims a unique end‑to‑end cloud‑native stack.
Key take‑aways:
* Strong top‑line growth backed by high net‑revenue retention.
* Operating leverage is unlocking rapid margin expansion, moving from loss to profitability.
* Large untapped market in cloud migration and streaming offers continued revenue upside.
* Management is confident the profitability trend is sustainable and plans modest, strategic M&A funded by IPO proceeds.
CNBC-TV18: https://youtu.be/rQnGmw31fyE 11:56 (565s)
The speech celebrates the development of SpaceX’s Starbase, Texas—a publicly visible, highway‑accessible rocket manufacturing facility. The speaker emphasizes that SpaceX aims to turn “Star Trek” concepts into reality by building large, crewed spacecraft for lunar, planetary, and interstellar travel. Pentagon officials, including Secretary of War Pete Hegseth, are present to highlight the importance of manufacturing at scale for national strength and the future of space exploration. The message concludes with a reminder to follow CNBC TV18 for updates.
CNBC-TV18: https://youtu.be/MF3K8qI4z68 11:41 (208s)
BHEL AFCONS TCS HCL-INSYS LTF ETERNAL
The Institute of Chartered Accountants (ICAI) has mandated that companies account for the impact of India’s new labour codes from Q3 FY‑26 (effective 21 Nov). TCS and HCL Tech already recorded one‑time hits, with TCS’s exceeding ₹2,000 cr. Key changes include:
CNBC-TV18: https://youtu.be/fPfkm0rDwmw 11:40 (155s)
- HCL Tech and TCS missed earnings estimates because the new labour code added a one‑time hit of >₹700 cr for HCL Tech and >₹2,100 cr for TCS; recurring impact will be minimal (≈10‑20 bps).
- Revenue growth remains modest: TCS’s dollar‑revenue growth is –0.7 % in FY26, expected to rise to 2.5‑3 % next year; HCL Tech projects 4‑5 % growth in FY26.
- Bookings are strong – Q2‑Q3 bookings are ~30 % higher YoY, giving a “good uptake” outlook for Q4 and Q1, and confidence that FY27 will improve on FY26.
- Restructuring costs: ~50 bps for FY26, with an additional 40‑50 bps expected in Q4; most of the exercise will be completed this year, after which margins should recover.
- Margin guidance: FY26 EBITDA margin is 17‑18 % (incl. restructuring); removing those costs leaves only 10‑11 bps drag, and management expects 18‑19 % margin in FY27.
- Headcount impact: modest exits, mainly outside India; facilities rationalisation underway.
- Acquisitions (JasperSoft, HPE): not reflected in FY26 guidance; expected to add ~1.5 % topline growth in FY27, with no large‑scale deals planned – focus will be on capability‑ and geography‑specific buys.
- AI: “Advanced AI” revenue (design, edge‑inferencing chips, data‑center services) is ~₹150 mn per quarter, ~4 % of consolidated revenue, growing ~20 % QoQ; broader AI‑enabled services are a larger, expanding opportunity.
- Overall outlook: strong Q3 performance, solid booking momentum, limited recurring cost impact from the new labour code, restructuring largely completed, and FY27 targeted at higher margins (18‑19 %) supported by AI growth and modest acquisition contributions.
CNBC-TV18: https://youtu.be/GLfI1dB4Bkk 11:08 (523s)
CNBC-TV18: https://youtu.be/jrniyWBd4v0 10:52 (191s)
L&T faces potential setbacks in the Middle East as MEED reports Kuwait is considering cancelling oil‑project tenders worth over $8.7 billion. L&T was positioned to secure contracts valued at more than $4.5 billion across six‑seven upstream projects, but bids exceeded Kuwait’s budget expectations, raising the risk of order reductions or outright cancellations. L&T has not yet commented. This development poses a negative impact on the company’s anticipated order inflow from the region.
CNBC-TV18: https://youtu.be/lMqgS_z8BNM 10:46 (97s)
The conversation references borrowing against gold, notes that any impact is minimal and confined to the PLM according to HR, mentions Mutud Finance, and includes mutual thanks and acknowledgments.
NDTV: https://youtu.be/4-IvmCwJ_xM 10:32 (604s)
CNBC-TV18: https://youtu.be/3ELIz_zwO6M 10:30 (81s)
TCS plans to build a 1 GW data center over the next 5‑7 years. Management highlighted extensive talent investments, noting that 217,000 employees are now skilled in AI, ML, and data services, with deep‑scale AI/ML capabilities tripling. This quarter, about 1,800 staff were impacted by restructuring, handled with care and respect. The outlook remains positive.
CNBC-TV18: https://youtu.be/nVuY-3hBIGw 10:05 (377s)
ICICIBANK HDFCBANK LTF KPIGREEN BALUFORGE DMART EICHERMOT TATASTEEL TCS INDIGO ONGC PVR MAXHEALTH CIPLA DRREDDY GROWW DLINKINDIA HINDALCO HCL-INSYS ANGELONE DEEDEV MRPL INFY OLAELEC CHENNPETRO HDFCLIFE TECHM
The Indian market opened higher, with Sensex up 0.4% to 84,156 and Nifty up 0.4% to 25,873. Advances outnumbered declines (≈66 Nifty advancers vs. 288 Sensex advancers).
Big movers:
- HDFC Bank: after a 6‑7% Q3 correction, analysts see a 10‑12% price‑to‑book discount and recommend buying.
- IT stocks: HCL Tech +0.5%; TCS flat; Tech Mahindra and Infosys up ~0.6‑0.7%.
- ONGC: +1%.
- Hindalco: continues rally, up YTD 44.5%.
- Avenue Supermart, Isha Motors: modest gains.
Weakest stocks: HDFC Life, Dr Reddy’s, Max Healthcare, Tata Steel, InterGlobe Aviation, Cipla – each down ~0.5%.
Mid‑cap/others:
- JDL: after a 20% surge yesterday, under pressure but stabilising.
- MVC Development, Billion Brains, MRPL, CPCL, Chennai Petroleum: gains 2‑3% on strong Q3 outlook.
- GBTLL (Hathaway), Balu Forge, GMBC, Ola: up 2‑5% after recent corrections.
- KPI Green: +4% after volatile post‑deal moves.
- Angel One: up ~230% (previous surge).
- PVR Rinhox, GVT, D: +2‑2.5%.
- L&T: down ~1.3% on volume.
Overall market breadth is positive, with roughly six advancing stocks for every declining one, indicating a solid start compared to the previous session’s downturn.
CNBC-TV18: https://youtu.be/7c93I-0Aaxs 09:54 (292s)
TCS COASTCORP
TCS highlighted its acquisition strategy as a key growth driver, emphasizing deals that deliver strong synergies rather than just revenue. Recent purchases were evaluated on a 5‑times‑sales multiple, client base, service offering, and financial health, and were deemed reasonably priced. The company is actively scanning the market for further “new‑age” opportunities in AI, data, cyber, enterprise solutions, and digital engineering, using a comprehensive framework to fit targets into its long‑term strategy.
Regarding the macro environment, TCS noted that clients now set tech budgets quarterly and prioritize ROI‑based decisions, especially amid ongoing geopolitical and economic uncertainty. No significant change in discretionary spending has been observed over the past 3‑6 months.
AI‑related revenues have risen from a $1.5 bn annualized run‑rate to $1.8 bn, still a single‑digit share of total revenue but growing 15‑20 % quarter‑over‑quarter. Management expects continued acceleration as customers expand AI projects, though no specific forecast was given. Pricing for AI and other new‑age services remains strong, with no evidence of deflation.
Inorganic growth for FY‑26 is projected to contribute roughly $40‑$50 bn (≈10 % of quarterly revenue), with acquisitions ranging from smaller, strategic “tuck‑in” deals to potentially larger, transformational ones, depending on fit and synergy. Minority stakes are also on the table if they enhance partnerships and create value for shareholders. The BSNL Phase‑2 order is pending final government PO, and the company is confident it can meet or exceed FY‑25 international revenue targets by maintaining a high ask rate of 3‑3.5 %.
CNBC-TV18: https://youtu.be/VJuVZC2vrDg 09:48 (634s)
Biocon is raising ~₹4,500 crore via a qualified institutional placement (QIP) at ₹368 per share (0.9% discount) to fully acquire its subsidiary Biocon Biologics, valued at $5.5 bn. The funds will finance the acquisition, repay Biocon Biologics’ debt, and reduce overall leverage (debt/EBITDA from 4.3× to 2.5×), lowering interest costs. The transaction will dilute existing shareholders by about 17%, but eliminates minority interest, removes a 15% holding discount, and simplifies the corporate structure, allowing Biocon to capture the full upside of Biocon Biologics’ US product portfolio.
NDTV: https://youtu.be/r-1Mt1yWRME 09:13 (111s)
The speaker praises President Trump’s economic policies, citing lower mortgage rates, falling gas prices, and reduced core inflation as evidence of success. They note Ford’s expanded manufacturing and upcoming hiring in Michigan, upcoming tax cuts, and Trump’s planned speech. The president’s criticism of Fed Chair Jerome Powell—calling him “bad at his job”—is highlighted, with the speaker asserting that the Department of Justice will determine any wrongdoing. They also mention Senator Tillis’s comments and affirm that economists agree interest rates should have been lowered earlier. The segment ends with a plug for CNBC TV 18’s social media.
CNBC-TV18: https://youtu.be/lgB_harPsAY 08:43 (197s)
KRBL ONEPOINT TCS TCIEXP HCLTECH DAAWAT VISASTEEL
US equities edged higher (S&P +0.16%, Nasdaq +0.25%) while banks and credit‑card issuers fell after Trump suggested capping rates at 10%. A Supreme Court ruling on his tariff plan is due tomorrow, with the decision likely coming out in the evening; the next day is a holiday for BMC elections, meaning markets will only react on Friday. Trump also warned of a 25% tariff on any country doing business with Iran—India’s exposure is limited to a few‑billion‑dollar rice and chemical trade, but the move raises questions about the strategic Chabahar port waiver. US‑India ties are gaining momentum: the US ambassador’s remarks lifted sentiment, India is set to join the Pax Silica semiconductor‑supply‑chain initiative, and informal high‑level trade talks are expected. Domestically, NIFTY hovered near the 20‑day/20‑week moving averages (≈25,600 – 25,650), with support around 25,500–25,473 and resistance near 26,000. FI investors remain heavily net‑short (≈92%) and have added short futures contracts, while client positioning is long; options data show a PCR rise to ~0.9 and a buildup of put risk at 25,550. The IT sector, led by solid HCL‑Tech and TCS earnings, is the primary focus, and NIFTY Bank showed a brief bounce, holding its 20‑day DMA. Key drivers for the day will be India‑US trade talks, ongoing earnings, and budget‑2026 sentiment.
CNBC-TV18: https://youtu.be/sYUBe9ZHZFo 08:27 (561s)
The segment features Shara interviewing Peter McGuire, CEO of AustraliaTrading.com, about the impact of the U.S.‑Iran tariffs. McGuire says the sanctions signal President Trump’s intent to pressure Iran and its trade partners, creating geopolitical tension that will affect China, India, Turkey and the UAE. He notes the “double‑prong” effect on China: reduced Iranian oil imports and disrupted Venezuelan exports, while also threatening China’s rare‑earth supply chain. The tariffs could tighten supply through the Strait of Hormuz (which handles >30 % of global crude), potentially pushing oil prices higher in the short term, though exact forecasts are uncertain.
Regarding commodities, McGuire expects oil to climb modestly over the next month, especially if tensions escalate. He predicts gold reaching $4,740–$4,750 by month‑end and possibly $5,200 in the longer term, while silver could hit $92–$95 now and $120 later in the first half of the year, driven by safe‑haven demand amid ongoing geopolitical uncertainty.
NDTV: https://youtu.be/hH3zsOt4O-M 08:25 (365s)
Market Overview
- Asian markets rose, tracking an overnight rally on Wall Street.
- Nifty expected to trade between 25,550 (100‑day MA support) and 26,000, with resistance near 25,960 (50‑day MA).
- Nifty Bank support at 59,080 (50‑day MA); resistance near its record high (~60,437).
- FI (Foreign Institutional) investors are heavily net‑short: short exposure ≈ 92 % vs. long exposure ≈ 8 % (multi‑year lows).
- Index futures saw net selling of > 1,200 contracts; stock futures saw modest buying (~ 890 cr).
- Options: calls at 25,850/25,800 gained premium after the intraday recovery; put at 25,750 lost premium.
Sector Highlights
- Financials outperformed; banks show fresh short interest, while Hitachi saw fresh shorts and Gayle fresh longs.
- Keep an eye on IEX for unusual moves and short‑cover activity.
Earnings Summary
- TCS: Revenue up 0.8 % (c‑currency) beating expectations; margins unchanged at 25.2 %; profit down 12 % due to a ₹3,400 cr one‑time loss (₹2,100 cr labor‑code impact, ₹1,000 cr legal provision, restructuring). Labor‑code hit expected to be limited to 10‑15 bps going forward. AI revenue ≈ 6 % of total ($1.8 bn). FY‑26 revenue forecast down 0.7 %; FY‑27 up 2.3 %.
- HCL Tech: Beats expectations; FY‑26 top‑line growth 4.2 %; adjusted margin 18.6 % (one‑time labor‑code hit ₹956 cr EBIT, ₹719 cr profit). FY‑26 guidance raised to 4‑4.5 % revenue growth, services growth 4.75‑5.25 %; EBIT margin target 17‑18 %. AI revenue ≈ 3.8 % of total.
US‑India Trade Talks
- US Ambassador-designate Sergio Gore says the US is keen to close a trade deal; next round of talks expected Tuesday, though no formal Indian schedule confirmed.
- Indian side claims a trade proposal was already sent; awaiting US (Trump administration) sign‑off.
US Macro & Policy
- Former Fed chairs (Yellen, Bernanke, Greenspan) defend Fed independence amid accusations of political interference.
- White House adviser Kevin Hassett (Fed‑chair candidate) backs Fed and DOJ independence.
- President Trump announced a 25 % tariff on any country doing business with Iran and reiterated interest in acquiring Greenland. He also signaled possible action against Exxon Mobil’s Venezuela investments.
Domestic Macro
- December CPI rose to 1.33 % (three‑month high) but remains below RBI’s 2‑6 % target; food prices fell sharply (vegetables down > 18 %).
- RBI may consider a rate cut in February.
Commodities
- Oil prices at one‑month high; WTI at seven‑week high due to supply concerns (Iran, Kazakhstan, Azerbaijan, Russia, Venezuela).
- Gold, silver, copper near all‑time highs in Asian markets.
Closing Note
- Market Forum’s “Alpha Generators for 2026” event advertised for later today on CNBC TV 18.
CNBC-TV18: https://youtu.be/8Gs1_OewCig 08:17 (1240s)
TCS Q3 FY26: Revenue grew 0.8% in constant currency, beating the 0.5% forecast; EBIT margin held steady at 25.2%; profit fell 12% due to a one‑time loss of ~₹3,400 cr (₹2,100 cr from the new labour code, ₹1,000 cr legal provision, restructuring). The labour‑code impact is expected to be limited to 10‑15 bps going forward. AI contributes ~6% of revenue (~$1.8 bn). FY27 revenue is projected to rise 2.3% (down 0.7% in FY26).
HCLTech Q3 FY26: Revenue beat expectations; adjusted EBIT margin at 18.6% after a one‑time labour‑code hit of ₹956 cr (EBIT) and ₹719 cr (bottom line). FY26 guidance raised to 4–4.5% revenue growth (overall) and 4.2% services growth; FY27 services growth guidance lifted to 4.75–5.25% in constant currency. Full‑year EBIT margin target remains 17–18%. AI now accounts for 3.8% of revenue.
CNBC-TV18: https://youtu.be/39GmsTXbtAE 08:11 (183s)
KPIL JUSTDIAL TATACAP CANHLIFE TCS HCL-INSYS GTPL GAIL ICICIAMC KPIGREEN IEX ANANDRATHI ICICIGI MAHABANK BIOCON NLCINDIA ADANIENSOL POWERINDIA
Market outlook: D‑Street likely to open higher (≈ 25,848.5) with a bullish tone ahead of US‑India trade talks. Key resistance for Nifty is 25,800‑26,000; support at 25,550 (100‑day MA). Nifty Bank faces resistance near 60,437 (record high) and support around 59,080 (50‑day MA).
Earnings focus: ICICI Lombard, ICICI Prudential, Tata LXC, Bank of Maharashtra, Just Dial and Canada HSBC (shareholder lock‑in ending) reporting today.
Stock picks (Upasana): TCS (revenue +2 %, profit ‑12 %); HCL Tech (revenue +6 %, margin up); Anand Rathi Wealth (+29 % profit, +22 % revenue); GTPL Hathway (+9 % profit, +5 % revenue); Adani Energy (collection efficiency 101.7 %); Kalpataru Projects (presales ‑14 %, collection +17 %); Biocon (QIP ₹4,150 cr at ₹369, 5 % discount); NLC India (in‑principle approval for NLC India Renewables listing); KPI Green (MOU with Gujarat govt for ~₹4,000 cr renewable project).
F&O snapshot (Sudarshan): Weekly expiry today. FIs building short exposure (≈ 92 % of contracts) while long exposure is at a multi‑year low (~8 %). Futures: short sales > ₹1,200 cr; long buying ~₹890 cr; long contracts added ≈ 1,300, short contracts added > 8,000. Options: Calls at 25,850/25,800 gaining premium; puts at 25,750 losing premium. Financials leading the rally; watch IEX for unusual activity.
CNBC-TV18: https://youtu.be/5vpqF_wbVuo 07:55 (434s)
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