Market May Pause Ahead of Budget – Thursday Market Report
Moneylife Digital Team 29 January 2026
On Thursday, 1706 stocks advanced, 2533 declined, and 159 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 0.67, indicating a negative closing. The trend of the major indices on Thursday’s trading is given in the table below. 
 
 
On NSE, 104 securities advanced and closed at a new 52-week high, whereas 225 securities sank to close at their new 52-week lows. Nifty Metal, Nifty Energy and Nifty Infrastructure were the biggest gainers. Nifty FMCG, Nifty Pharma and Nifty PSU Bank were the biggest losers.
 
Zaggle Prepaid Ocean Services (-3.54%) entered into a corporate agreement with Hexalog Technologies Pvt Ltd, strengthening its presence in the employee benefits and expense management space. Under the arrangement, Zaggle will provide a facility for procurement and leasing of mobile phones for Hexalog employees via its Employee Purchase Programme. 
 
Sansera Engineering (+1.48%) announced a strategic joint venture with Nichidai Corporation, aimed at strengthening India’s advanced automotive manufacturing ecosystem. The JV will manufacture precision forged and machined aluminium and steel components for high‑end applications such as differential assemblies, compressors, driveline systems, and next‑generation automotive parts. Nichidai brings five decades of expertise in precision die manufacturing, forged components, and advanced filters from Japan and Thailand.
 
Quadrant Future Tek (+2.61%) received a domestic order valued at around ₹230.42 crore  from Integral Coach Factory, Chennai, reinforcing its role in India’s railway safety and signalling ecosystem. The contract involves supply, retrofitment, testing, and commissioning of 192 units of Onboard KAVACH Equipment Version 4.0, aligned with RDSO specifications.
 
Orient Green Power Company (-4.44%) entered into a contract worth ₹32.87 crore with Suzlon Energy Ltd for the supply of wind energy generators aggregating to 6.3 MW. The contract was approved by the Investment, Borrowing and Banking Committee of Clarion Wind Farm Pvt Ltd, a material step‑down subsidiary of Orient Green Power. Suzlon will supply three wind energy generators of 2.1 MW each for re‑powering the Devarkulam wind farm in Tamil Nadu.
 
Garden Reach Shipbuilders and Engineers (GRSE) (+2.63%) signed an MoU with K2 Cranes & Components Pvt Ltd focusing on the design, development, and manufacture of marine, defence, and shipyard cranes. The partnership marks a strategic diversification beyond warship‑building, expanding GRSE’s engineering portfolio. Both firms will jointly explore domestic and international opportunities in crane systems for marine and defence applications.
 
Rail Vikas Nigam (-0.31%) (RVNL), through its RVNL GPT JV, emerged as the Lowest Bidder (L1) for a major Northern Railway project worth over ₹1200 crore. The contract involves the design and construction of a rail cum road bridge over the Ganga in Varanasi, Uttar Pradesh.
 
Dixon Technologies (India) (+0.56%) reported Q3 revenue of ₹10,803 crore, including other income, marking a 3% y‑o‑y increase. Net profit stood at ₹321 crore, a 48% y‑o‑y growth, a sharp contrast to the modest topline expansion. 
 
Adani Power (-0.62%) reported Q3FY25-26 revenue of ₹12,451.44 crore, down 8.9% y‑o‑y from ₹13,671.18 crore. Net profit stood at ₹2,488.09 crore, reflecting a 15.4% decline compared to ₹2,940.07 crore last year.
 
Gillette India (+5.50%) reported Q3FY25-26 revenue of ₹790.00 crore, up 15.3% y‑o‑y from ₹685.55 crore. Profit after tax stood at ₹172.46 crore, marking a 36.9% increase over ₹125.97 crore last year.
 
Skipper  (+0.70%) reported Q3FY25-26 revenue of ₹1,370.59 crore, up 20.7% y‑o‑y from ₹1,135.25 crore. Profit after tax stood at ₹52.79 crore, marking a 46.3% increase over ₹36.09 crore last year. 
 
Equitas Small Finance Bank (+0.19%) reported Q3 FY26 net profit of ₹90 crore, up 35.8% y‑o‑y from ₹66.3 crore. Revenue stood at ₹851.6 crore, reflecting a 4.1% increase over ₹818.4 crore last year. 
 
Indian Energy Exchange (-0.88%) reported Q3 FY26 revenue of ₹145.67 crore, up 10.3% y‑o‑y from ₹132.05 crore. Profit after tax stood at ₹119.11 crore, reflecting an 11.01% increase over ₹107.29 crore in Q3 FY25.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below: 
 
 
Comments
Free Helpline
Legal Credit
Feedback