Whalesbook
Indian equities are poised for a subdued opening on Wednesday, January 7, 2026, as GIFT Nifty futures signaled a weaker start, trading 81 points lower at 26,204.
Mixed Global Cues Impact Sentiment
Asian markets presented a mixed picture, with investors weighing geopolitical risks. Mainland China's CSI 300 gained 0.08%, and South Korea's Kospi rose 1.02%. However, Hong Kong's Hang Seng dipped 0.73%, and Japan's Nikkei slipped 0.55%.
Overnight, Wall Street ended higher, with the Dow Jones Industrial Average closing above 49,000 for the first time, up 0.99%. The S&P 500 advanced 0.62% to a record close, and the Nasdaq Composite rose approximately 0.7%, as investors largely shrugged off concerns related to geopolitical tensions.
Corporate Earnings and Updates Take Center Stage
Titan Company reported a significant 40% year-on-year growth in its consumer businesses for Q3FY26. The jewellery portfolio showed robust 41% YoY growth, boosted by festive demand. International businesses, primarily jewellery, surged 81% YoY. The company added a net 56 stores, expanding its retail presence to 3,433.
Jubilant FoodWorks posted Q3FY26 consolidated revenue of ₹243.87 crore, a 13.4% increase year-on-year. Domino's India saw 5% like-for-like growth, and the group added 114 stores, bringing its total network to 3,594.
Godrej Consumer Products anticipates double-digit revenue growth for its standalone business. The home care segment is expected to achieve double-digit value growth, while personal care is projected for mid-single-digit growth. Standalone Ebitda margins are forecast to return to normative levels.
Lodha Developers expanded its development pipeline in Q3FY26 by adding five projects with a gross development value (GDV) of ₹33,800 crore. Pre-sales for the quarter reached ₹5,620 crore, representing a substantial 25% year-on-year and 23% quarter-on-quarter increase.
Steel Sector Faces Antitrust Allegations
The Competition Commission of India (CCI) has reportedly identified market leaders Tata Steel, JSW Steel, and state-run SAIL, along with 25 other firms, for potentially breaching antitrust law. The allegations concern collusion on steel selling prices, putting these companies and their executives at risk of significant fines.
Other Notable Stock Movements
YES Bank secured approval from the National Securities Depository (NSDL) to transfer its demat undertaking to its subsidiary, YES Securities (India).
Dr. Reddy's Laboratories launched Hevaxin, a recombinant vaccine for hepatitis E virus (HEV) infection, in India. The vaccine is approved by the Drug Controller General of India (DCGI).
Adani Enterprises saw its ₹1,000 crore public issue of non-convertible debentures (NCDs) fully subscribed within 45 minutes of opening.
IRB Infrastructure Trust received a Letter of Award from the National Highways Authority of India (NHAI) for a significant project involving tolling, operation, maintenance, and transfer of a section of NH-16 in Odisha.
Biocon Biologics, a subsidiary of Biocon, is set to introduce three new oncology biosimilars, enhancing its cancer portfolio.
Wipro has leased approximately 1.45 lakh square feet of office space in Navi Mumbai for five years at a monthly rent of ₹97.25 lakh.
H.G. Infra Engineering received a demand notice from the Income Tax Department for ₹154.55 crore, including interest for AY 2018-19.
Mahindra & Mahindra anticipates continued sales momentum driven by new product actions and its SUV portfolio, according to reports.
Tahmar Enterprises has had its consent to operate renewed by the Maharashtra Pollution Control Board for its distillery and bottling plant, which had been temporarily shut since July 2025.