Tata Technologies reported a sharp 96 per cent year-on-year fall in consolidated profit for Q3FY26, primarily due to the statutory impact of new labour codes. Profit attributable to shareholders declined to ₹6.64 crore from ₹168.64 crore in the same quarter last year, with a one-time impact of nearly ₹140 crore. Despite the profit slump, revenue from operations rose 3.7 per cent year-on-year to ₹1,365.73 crore, reflecting steady demand across key verticals. Management highlighted strong deal momentum, with six strategic wins during the quarter, and expressed confidence of a sharp acceleration in Q4, projecting over 10 per cent sequential revenue growth despite seasonal and temporary headwinds.
With equity markets lacking momentum, the metal sector has emerged as a clear outperformer. While gold and silver continue to rally, experts warn that precious metals are entering a speculative zone. Interestingly, strong demand in gold and silver has spilled over into aluminium, copper and zinc, lifting metal stocks sharply. The metal sector gained nearly 25% last year, far ahead of Sensex and Nifty, and continues to lead in early 2026 as well. Steel stocks remain laggards but are showing early signs of a catch-up move. For investors seeking relatively safer exposure instead of pure commodity speculation, metal equities offer a compelling alternative. Hindalco stands out for aluminium and copper exposure, while Vedanta offers a diversified play across aluminium, copper, zinc and even silver.
With HCLTech, TCS and Infosys all delivering better-than-expected Q3 numbers, investors are now asking the big question - which IT bellwether offers the best opportunity? On valuations, HCLTech clearly stands out, trading at a lower forward P/E of around 20x compared to TCS at nearly 23x. This valuation comfort, combined with strong execution and steady deal momentum, puts HCLTech in a sweet spot among large-cap IT stocks. Infosys ranks second, supported by improved guidance and demand visibility, while TCS appears relatively expensive at current levels. Based purely on valuation and near-term price momentum, experts prefer HCLTech as the top pick, with expectations of continued outperformance and upside potential in the coming quarters.
Reliance Industries, the heavyweight of Dalal Street, is set to announce its Q3 earnings today, and the numbers could decide market direction for the coming week. Expectations are high as investors track strong performance in the oil-to-chemicals (O2C) business, where EBITDA growth of nearly 15% is anticipated despite crude volatility and lower Russian oil imports. While Jio has already delivered solid results, the spotlight now shifts to Reliance Retail, which continues to face competitive pressure and slower revenue growth. Investors are also keenly watching the buzz around a potential Jio IPO and the company’s massive ₹40,000 crore capex push across O2C, retail, telecom, and new energy. Will retail surprise positively or weigh on the stock? All eyes are on RIL tonight.
A powerful rally is building across industrial metals, led by copper and aluminium. After nearly two decades of under-investment and no major new mines, global copper supply is tightening just as demand from AI, data centres and clean energy surges. Analysts warn the market is moving back into deficit by 2026, after only a brief surplus. Major developments such as the Rio Tinto–Glencore talks and China’s high-priced Peru copper deals signal strong future demand. Aluminium is also facing supply limits due to China’s environmental production caps. With nickel, platinum and now aluminium joining the rally, experts say a new “Commodity Supercycle 2.0” is unfolding, where shortages and rising global demand could push metals sharply higher in the coming months.
Silver’s rally is now being driven by a major physical supply crunch. Traders say delivery delays are rising not just on CME and MCX, but even in China’s Shanghai market, as demand for physical silver explodes. Jewellers and bullion buyers are facing longer waiting periods, while every small dip of ₹7,000 - ₹10,000 is quickly getting bought up. Experts say meaningful corrections are not happening anymore, making fresh buying difficult at lower levels. With margins rising sharply across global exchanges, leveraged and derivative trades are becoming risky. Market participants are now being advised to stick to holding existing positions, buy only on dips in the ₹260 - ₹270 zone, and prefer ETFs or SIP-style investments instead of physical or futures trading.
Silver’s rally is turning explosive, with prices breaching $90 and moving rapidly toward the psychological $100 mark. Experts say global positioning, especially in Shanghai, has already crossed $100, indicating that silver has entered a new high-growth phase. Market participants are now targeting levels as high as $110–$115 in the near term. The metal’s reclassification as a critical mineral, rising geopolitical uncertainty, and strong industrial demand from clean energy and technology sectors are driving this surge. However, analysts warn that such sharp moves also bring high volatility. While the long-term outlook remains bullish, investors should expect wild price swings before the market stabilises at higher levels.
Tata Elxsi’s Q3 earnings have once again tested investor confidence. The company reported a sharp 29.6% sequential fall in net profit to ₹109 crore, even as revenues rose 4% to ₹953 crore. Operationally, EBIT improved 17.7% to ₹199 crore, with margins rising to 21% from 18.5%, offering some relief. However, markets remain cautious, with the stock slipping 2.7% after results. Experts point out that Tata Elxsi’s globally diversified business makes it vulnerable to ongoing tariff wars and uncertain client spending across the US and Europe. While margins have improved, analysts believe this could be temporary. With demand visibility still weak, Tata Elxsi may face further pressure in the coming quarters.
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At Market commentary show of Business Today on January 14, 2026, a financial market update highlighted a powerful rally in precious metals, particularly silver, which hit record highs amid geopolitical tensions, currency debasement fears, and flight-to-safety demand. Silver surged dramatically, up 16.5% year-to-date and 42% in the past month, with MCX prices jumping over ₹10,000 early in the session. Gold rose more modestly, gaining 5.9% YTD and 7% monthly. Related metal stocks like National Aluminium, Hindalco and Hindustan Zinc showed strong momentum. Commodity expert Vandana Bharti, Head of Commodity Research at SMC Global Securities, attributed silver's explosive performance to persistent supply shortages, critical minerals demand, and high volatility. She advised holding existing positions but exercising extreme caution on fresh trades—preferring corrections for buying, avoiding aggressive derivatives, and considering safer options like SIPs in ETFs. The rally extends to copper, aluminum, and other base metals, fueled by supply constraints and rising industrial needs (AI, renewables). While bullish on upside targets, experts urged caution due to potential sharp corrections in this overheated environment.
Indian equities ended lower on Tuesday after giving up early gains driven by optimism over U.S. trade developments. The Sensex closed 250 points lower at 83,627, while the Nifty slipped 57 points to end at 25,732. The Nifty Bank bucked the trend, rising 128 points to 59,578. Selling pressure was seen in realty, consumer durables and pharma stocks, while selective buying emerged in IT and PSU banks. QSR and rice stocks remained in focus. ONGC, Eternal, Tech Mahindra, Hindalco and ICICI Bank were among the top gainers, while Trent, L&T, Reliance Industries, Dr Reddy’s and InterGlobe Aviation featured among the top losers.
Silver is on a historic run. After delivering a stunning 180% rally in 2025, the metal has already surged another 26% in just the first two weeks of 2026, crossing $89 per ounce and eyeing the $90-$100 zone. Geopolitical uncertainty, safe-haven demand, heavy inflows into silver ETFs, and rising industrial usage from AI, electric vehicles, and clean energy are driving prices higher. However, experts caution that while momentum remains strong, this may not be the best time for aggressive fresh buying. Technical levels suggest upside toward $95-$100, but volatility remains high. Investors are advised to hold existing positions and avoid chasing the rally blindly as FOMO builds in the market.
With oil prices remaining largely stable over the past few years, the oil and gas sector has stayed under the radar despite global uncertainties. While geopolitical tensions and occasional supply-related concerns continue to cause short-term nervousness, the long-term outlook for crude oil remains bearish, driven by the rise of renewable energy, electric vehicles and structural shifts in global demand. Oil marketing companies are expected to benefit from lower crude prices over the long term, while exploration companies like ONGC appear attractively valued despite a muted outlook for oil prices. Positive developments in overseas assets and steady earnings visibility over the next 2–3 years add to the investment case. Among OMCs, HPCL stands out as the most attractively valued stock. The key question remains: is this a value opportunity or a sector best approached with caution?
The bull run in precious metals shows no signs of slowing down, with both MCX Gold and MCX Silver hitting fresh record highs. Silver surged by ₹7,000 to trade near ₹2.82 lakh per kilo, while gold jumped ₹600 to around ₹1.43 lakh, marking yet another milestone in their ongoing rally. Even as equity markets remain sluggish, gold and silver continue to outperform, driven by global uncertainty and sustained investor demand. Sharad Avasthi, Head of Research (PCG), SMIFS caution, however, that while momentum remains strong, replicating such sharp returns over the next few months may be challenging. Historically, silver has seen powerful rallies followed by steep corrections, and at current levels, the risk-reward equation appears stretched. Gold too may struggle to move significantly higher unless geopolitical tensions escalate further. In this discussion, we analyse what’s driving the surge, the risks involved, and whether investors should remain cautious at record-high levels.
Metals are emerging as the only clear bright spot in an otherwise muted market, with silver leading the charge and silver ETFs hitting record highs. Stocks like Hindalco and a host of other metal counters are seeing strong buying interest, while the Nippon Silver ETF has surged over 4.5%, signalling relentless momentum and renewed investor focus on the precious metal space. However, the sharp rise in silver is also raising questions around sustainability. While safe-haven demand and investment flows continue to support prices, silver has historically been one of the most volatile commodities, known for sharp rallies followed by equally steep corrections. Experts Sharad Avasthi, Head of Research (PCG), SMIFS point out that such spikes tend to occur once every 15–20 years, often driven by speculation, supply narratives and evolving market stories. With silver having already delivered a multi-fold move in this cycle, the debate now centres on whether there is more upside left or if the risk of a sudden crash is rising. In this video, we analyse the drivers behind the silver rally, the role of speculation, and whether investors should chase momentum or exercise caution at record-high levels.
Basmati rice prices have come under sharp pressure, falling ₹5-7 per kg in just one week as escalating unrest in Iran disrupts trade and delays payments. Iran, India’s second-largest Basmati export market, imported nearly $750 million worth of rice last year, making it a crucial destination for Indian exporters. With communication links broken and payments stuck, over ₹2,000 crore of exporters’ money is currently at risk. Large stockpiles are building up at Iranian ports and Indian harbours like Mundra, creating supply stress amid a bumper rice crop in India. The Rice Exporters Federation has urged caution, warning that if the crisis persists, Basmati prices could fall sharply, even by 30-40%, echoing past Iran-related disruptions.
With the Union Budget 2026 just weeks away, expectations are running high after last year’s big tax reforms. However, this time the government is unlikely to offer further tax cuts, instead shifting focus toward growth-driving sectors. Experts expect stronger policy support for logistics, infrastructure and power, especially as India signs new trade agreements and pushes manufacturing under the PLI scheme. The renewable energy push could also help bring down power costs over the next few years. Another key area to watch is India’s digital stack, including digital payments, cross-border UPI and digital currency initiatives. Semiconductor and data centre investments are also likely to get a boost. We break down what this Sunday Budget could mean for markets, businesses and investors.
As the Q3 earnings season unfolds, investors are watching closely to see if India’s six-quarter earnings slowdown is finally coming to an end. Early signs suggest a pickup in consumer spending, helped by festive demand, GST cuts and improving confidence. Autos, especially small cars and first-time buyers, are showing strong traction, while manufacturing and PLI-linked companies are also reporting better momentum. Commodity prices and consumption trends point to a healthier operating environment in the third quarter. However, mid-cap and small-cap companies may face pressure as growth expectations moderate and margins tighten. We break down which sectors are likely to outperform, which could struggle, and whether this Q3 marks the beginning of a genuine earnings recovery for Indian markets.
The IT earnings season has kicked off on a positive note with both HCLTech and TCS reporting Q3 numbers that came in slightly ahead of expectations. While profitability was impacted by one-time labour code and retirement costs, the underlying business momentum appears to be improving. AI-led deal wins, stronger client engagement and a growing order pipeline are driving confidence across both companies. HCLTech stood out with strong deal intake, while TCS reiterated that 2026 should be a better growth year. As enterprises shift toward AI-enabled solutions, IT companies are seeing renewed demand for faster and smarter digital transformation. We analyse which of the two IT majors looks better positioned for investors after these Q3 results.
In this episode of What's Hot on Business Today, we discussed the kick-off of Q3 earnings season with TCS and HCLTech delivering results slightly ahead of street estimates. Market Expert Deven Choksey, highlights robust domestic economic growth, improving consumer spending, and corporate earnings, despite market volatility driven by FII outflows and high-valuation IPO pressures. Deven Choksey views US tariff threats (including 500% on Russia-linked imports and Iran-related) as unsustainable and counterproductive, expecting a balanced India-US trade deal soon. He praises positive signals from US Ambassador Sergio Gore and sees opportunities in semiconductors via PaxSilica.On IT, he notes AI-driven deal wins, margin expansion potential (especially at HCLTech), and optimism for FY26-27 growth. He anticipates a strong Q3 recovery across consumption, manufacturing, and commodities, with the upcoming February 1 Budget likely focusing on logistics, power, and digital infrastructure rather than major tax cuts.
BTTV brings you a new market show - 'Daily Calls,' where you can gain invaluable insights and clarity on your market queries through our live sessions featuring expert analysts. Whether you're confused about where to invest, how to invest, or how to build and structure your portfolio.
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