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Shapoorji Pallonji Group firm Afcons Infrastructure’s shares surged 3.5% in early trade to a high of Rs 496.70 on the BSE on Tuesday, January 14, as the company emerged as the lowest bidder (L1) for the Rs 4,787.20 crore tender floated by the Maharashtra State Road Development Corporation (MSRDC). The civil construction company has been selected for two projects to construct the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both projects are to be completed within 36 months.

JSW Energy jumped 4.39% to Rs 540.50 in early trade on Tuesday after the company successfully emerged as the applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW of thermal power plants, under insolvency proceedings. According to a company statement, this follows the approval of the Committee of Creditors, with the transaction pending regulatory approvals from the National Company Law Tribunal and the Competition Commission of India.

BNP Paribas Securities has an underperform call on Redington with a target price of Rs 158. The current market price of Redington is Rs 205.8. Redington, incorporated in 1961, is a Mid Cap company with a market cap of Rs 16074.85 crore, operating in IT — Hardware sector. Redington's key products/revenue segments include Computer Hardware, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.

Indian IT sector, represented by the Nifty IT index, has consistently delivered superior returns compared to the broader Nifty 50 index over longer timeframes, underscoring the IT sector's attractiveness to investors seeking long-term value. Data from StockEdge reveals a compelling performance differential: Nifty IT has returned 27.2% over the past year and a remarkable 55.6% over the last two years, significantly outpacing the Nifty 50's returns of 7.4% and 29.6% respectively for the same periods.

Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of foreign funds continued to play a negative role. At the interbank foreign exchange, the rupee opened at 86.57 and pared further losses to trade at 86.49 against the greenback in initial deals, 21 paise higher from its previous close.

The major orders include communication equipment, electro-optics, upgrades for the satcom network, radar & fire control systems, spares, services, etc.

Delta Corp, a gaming and hospitality company, will remain in focus on Tuesday, January 14, after the company reported that its Q3FY25 revenue from operations stood at Rs 194.33 crore, down 7.5% from Rs 210.13 crore in the corresponding quarter of the previous financial year. However, the company posted a 3.6% increase in consolidated net profit for the December quarter, at Rs 35.73 crore compared to Rs 34.48 crore in the same period last year.

buy call on Senco Gold with a target price of Rs 1,450. The current market price of Senco Gold is Rs 1,053.75. Senco, incorporated in 1994, is a Small Cap company with a market cap of Rs 8642.84 crore, operating in the Gems and Jewellery sector. Senco Gold Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2024.

Angel One shares to remain in focus on Tuesday, January 14, after the company reported an 8% year-on-year (YoY) jump in its December quarter consolidated net profit to Rs 281.47 crore, compared to Rs 260.31 crore reported in the same period last year. The revenue from operations in Q3FY25 stood at Rs 1,262.20 crore, a 19.2% increase over Rs 1,059.04 crore posted in the corresponding quarter of the previous financial year.

HCL Technologies shares will remain in focus on Tuesday, January 14, after the IT services company reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

Vinod Karki, Equity Strategist, ICICI Securities, says the recent market correction appears to be primarily a response to the significant increase in US bond yields. Additionally, there are certain risks associated with economic growth, as evidenced by a noticeable deceleration in the economy. However, we attribute much of this slowdown to temporary factors such as elections and rainfall, which are likely to result in a postponement of demand until the latter half of this year. The predominant concern remains the escalation of bond yields and the prevailing optimism surrounding Trump, both of which have influenced market dynamics. Vinod Karki further notes that, in terms of overall market value, two sectors are distinctly prominent: large financial institutions and commodities. What is your take on the market fall on Monday because this is definitely getting on our nerves. Firstly, it hit the traders, breaching the key support levels, and now the investors are a little concerned about the fall. What is your take on the fall that we are witnessing? Is it a healthy correction or do you believe something has really changed in terms of the narrative? Vinod Karki: Fundamentally, the key reason why this is happening is the surge in US bond yields.

Yogesh Patil, V-P, Dolat Capital, says Long-term contracts won't be affected by crude sourcing agreements with Russia, but spot purchases of Russian oil, which account for 40-45% of India's imports, will be impacted. Discounts on Russian crude were about $3 per barrel recently, but Indian refiners will now need to source oil from the Middle East without discounts, affecting their gross refining margins. Currently, petrol, diesel, and LPG prices are somewhat frozen, preventing companies from passing increased crude costs to consumers, leading to challenges for OMCs amid rising prices. On a positive note, ONGC and Oil India are expected to report strong results due to a weakening rupee, rising oil prices, and the removal of the windfall gain tax. However, ONGC's stock fell on Monday, likely due to concerns over its investments in Russian assets. How major could be the impact of the new sanctions by the US on Russian oil on global crude oil prices? Where do you see oil prices headed globally? Yogesh Patil: On Friday evening, the Biden administration imposed sanctions on the Russian export oil supply chain and two major oil companies including Gazprom Neft Gas, which are involved in export of closer to one million barrels per day oil on a daily basis. Secondly, they have sanctioned closer to 180 vessels, which are exporting the oil to different nations and lastly on some insurance companies.

HDFC AMC, HCL Tech, Delta Corp, United Spirits, BEL among others will be in focus due to various news developments and third quarter results. HDFC AMC, Network18 Shares of HDFC AMC and Network18 will be in focus in Tuesday's trade as the companies will announce their third quarter results later today.

Here's breaking down the pre-market actions:

US jobs report dashed investor hopes of rate cuts by the Federal Reserve. The panic in equities was sharper in the broader market with mid-cap and small-cap indices tumbling nearly 4% each. Analysts said the markets are oversold but the undertone is cautious ahead of Donald Trump taking charge as US President on January 20.

If the tariff war escalates and the Reserve Bank of India relaxes its intervention strategy in the foreign exchange market, the rupee could hit the 87 mark even before the end of this fiscal year, they cautioned.

ICICI Prudential Mutual Fund said it is «more negative» on small-cap and mid-cap stocks even after the declines. «We hold on to our view that small-caps and mid-caps are more risky and are overvalued compared to large- caps whereas large-caps are in neutral zone as per our framework,» said S Naren, executive director & CIO, ICICI Prudential AMC. Naren said large-caps are not cheap, but they are not overvalued either. He added that exuberance in equities among local investors exists.

Nifty Next 50 index, comprising 50 stocks ranking just below the Nifty's 50, became the first benchmark index this year to enter bear territory, declining more than 20% from its 52-week highs. The index dropped 4.3% on Monday and is now down 21.09% from its yearly high on September 27. In comparison, the benchmark Nifty is 12% below its peak level on September 27, while the Nifty Smallcap 100 and Nifty Midcap 100 indices are trading 14% below their highs.

stock market sell-off over the past seven trading sessions has caused many shares to drop 10-40%. However, more than a dozen stocks have remained resilient, gaining 5-29%, building on their over 25% returns in 2024. These include PTC Industries, Indo Tech Transformers, Goldiam International, Shakti Pumps, Lloyds Metals, Vijaya Diagnostic Centre, Pokarna, and Sundaram Clayton, among others. So far this year, the Nifty fell 2.36%, Nifty Midcap 150 declined 4.14%, Smallcap 250 dropped 9% and Microcap 250 shed 8.36%.

 Million Dollar Listing Los Angeles star Josh Flagg discusses evacuating Los Angeles amid the flames on The Claman Countdown.

HCL Technologies (HCL Tech) beat the analyst expectation in terms of rupee denominated net profit and margin improvement though the dollar revenue growth was marginally below the estimates. The country’s third largest software exporter revised the lower end of the FY25 revenue growth guidance to 4.5% from earlier 3.5%, implying that it was on course to report among the best growth in the top tier.