Stocks in the Asia-Pacific region tracked overnight gains on Wall Street in hopes that President Donald Trump’s policies would boost the outlook for the world’s biggest economy.

Australia’s S&P/ASX 200 opened higher with the benchmark index advancing by 0.57%, or 48 points, to 8,451 as of 6:25 a.m. Japan’s Nikkei was up 505 points, or 1.29% at 39,529. Future contracts in China and Hong Kong hinted at a cautious start.

Stocks in China gained in Tuesday’s session as Trump held off from imposing trade tariffs in his inaugural speech but later said he is considering a 10% levy as early as Feb. 1.

Meanwhile, Trump pushed to make the US an AI superpower by having fewer guardrails by immediately halting the implementation of key safety and transparency requirements for AI developers.

US ten-year treasury yields advanced after falling five basis points in the previous session while the stocks added to their 2025 gains. The S&P 500 and the Dow Jones Industrial Average rose 0.88% and 1.24%, respectively. The tech-heavy Nasdaq Composite climbed 0.64%.

Indian benchmark indices extended their selloff on Tuesday, closing at their lowest levels since the June crash, as investor sentiment was rattled by uncertainty surrounding US President Donald Trump’s trade tariffs. The spike in market volatility coincided with the weekly expiry of Sensex futures contracts.

The session fluctuated between gains and losses, eventually ending over 1.5% lower, with a sharp selloff in realty and energy stocks. Zomato dropped 13%, while Dixon Technologies (India) Ltd. fell 14% following weak third-quarter earnings reports.

The S&P BSE Sensex closed down by 1,235.08 points, or 1.6%, at 75,838.36, while the NSE Nifty 50 declined by 320.10 points, or 1.37%, to close at 23,024.65. Intraday, the NSE Nifty 50 fell 1.58% to 22,976.8, and the S&P BSE Sensex dropped 1.86% to 75,641.8.

Earnings To Watch

Nifty Earnings To Watch: Bharat Petroleum Corp., HDFC Bank, Hindustan Unilever.

Other Earnings To Watch: 20 Microns, Accelya Solutions India, Adroit Infotech, Alldigi Tech, BLB, Cigniti Technologies, Coforge, Elecon Engineering Co., Go Digit General Insurance, Gravita India, Heritage Foods, Housing & Urban Development Corp. Indosolar, Jagsonpal Pharmaceuticals, Laxmi Organic Industries, NIIT Learning Systems, Nuvoco Vistas Corp., Persistent Systems, Pidilite Industries, Polycab India, R. S. Software (India), RattanIndia Power, Spentex Industries, Stel Holdings, Take Solutions, Tata Communications, Tips Music, Ujaas Energy, Vardhman Textiles, Wendt (India), Zensar Technologies, Abhishek Corp., Akg Exim, Amit Spinning Industries, E2E Networks, Gujarat Apollo Industries, Kaynes Technology India, Kritika Wires, Mittal Life Style, Muthoot Capital Services, Powergrid Infrastructure Investment Trust, Shivam Autotech, SRG Housing Finance, Bharat Bhushan Finance & Commodity Brokers, Comfort Fincap, Comfort Intech, IIRM Holdings India, Jamshri Realty, Key Corp, Kisan Mouldings, KMG Milk Food, Monotype India, Quest Capital Markets, Real Growth Corp., Shradha AI Technologies, Trident Lifeline, Triveni Glass, Yamini Investments Co., Nilkanth Engineering.

Earnings Post Market Hours

ICICI Prudential Q3 Earnings

  • Net Premium Income up 23% at Rs 12,261 crore versus Rs 9,929 crore (Cons, YoY).

  • Net profit up 43% at Rs 325 crore versus Rs 227 crore (Cons, YoY).

  • Solvency Ratio at 211% versus 188% (Cons, QoQ).

  • 13th Month Persistency at 85.8% versus 86.4% (Cons, QoQ).

Cyient DLM Q3 Earnings (Cons, YoY)

  • Revenue up 38% at Rs 444 crore versus Rs 321 crore (Estimate: Rs 450 crore).

  • Ebitda down 4% at Rs 28 crore versus Rs 29 crore (Estimate: Rs 42.4 crore).

  • Margin down 270 basis points at 6.3% versus 9% (Estimate: 9.4%).

  • Net profit up 40% at Rs 10.8 crore versus Rs 18 crore (Estimate: Rs 26 crore).

Rossari Biotech Q3 Earnings

  • Revenue up 10.6% at Rs 513 crore versus Rs 464 crore (Cons, YoY).

  • Ebitda up 1.9% at Rs 64.7 crore versus Rs 63.5 crore (Cons, YoY).

  • Margin at 12.6% versus 13.7% (Cons, YoY).

  • Net profit down 7.6% at Rs 31.7 crore versus Rs 34.3 crore (Cons, YoY).

Tanla Platforms Q3 Earnings

  • Revenue down 0.03% at Rs 1,000 crore versus Rs 1,001 crore (Cons, QoQ).

  • Ebit down 8.6% at Rs 139 crore versus Rs 152 crore (Cons, QoQ).

  • Ebit Margin at 13.9% versus 15.2% (Cons, QoQ).

  • Net profit down 9% at Rs 119 crore versus Rs 130 crore (Cons, QoQ).

PNB Housing Q3 Earnings

  • Total Income up 9.9% at Rs 1,925 crore versus Rs 1,751 crore (YoY).

  • Net profit up 36% at Rs 471 crore versus Rs 346 crore (YoY).

Tata Tech Q3 Earnings

  • Revenue up 1.6% at Rs 1,317 crore versus Rs 1,296.5 crore (Cons, QoQ).

  • EBIT down 1% at Rs 204 crore versus Rs 206 crore (Cons, QoQ).

  • EBIT Margin down at 15.5% versus 15.8% (Cons, QoQ).

  • Net profit up 7.1% at Rs 169 crore versus Rs 157 crore (Cons, QoQ).

Dalmia Bharat Q3 Earnings

  • Revenue down 11.7% at Rs 3,181 crore versus Rs 3,604 crore (Cons, YoY).

  • Ebitda down 34.4% at Rs 511 crore versus Rs 779 crore (Cons, YoY).

  • Margin at 16.1% versus 21.6% (Cons, YoY).

  • Net profit down 75.2% at Rs 66 crore versus Rs 266 crore (Cons, YoY).

KEI Industries Q3 Earnings

  • Revenue up 19.8% at Rs 2,467 crore versus Rs 2,059 crore (Cons, YoY).

  • Ebitda up 12.3% at Rs 241 crore versus Rs 214 crore (Cons, YoY).

  • Margin at 9.6% versus 10.4% (Cons, YoY).

  • Net profit up 9.4% at Rs 165 crore versus Rs 151 crore (Cons, YoY).

Jana SFB Q3 Earnings

  • NII up 8% at Rs 593 crore versus Rs 548 crore (YoY).

  • Net profit down 17.8% at Rs 111 crore versus Rs 135 crore (YoY).

  • Gross NPA at 2.8% versus 2.97% (QoQ).

  • Net NPA at 0.94% versus 0.99% (QoQ).

IndiaMART Q3 Earnings

  • Revenue up 16% at Rs 354 crore versus Rs 305 crore (Cons, YoY).

  • Ebitda up 61.4% at Rs 138 crore versus Rs 85.7 crore (Cons, YoY).

  • Margin at 39% versus 28.1% (Cons, YoY).

  • Net profit up 47% at Rs 121 crore versus Rs 81.9 crore (Cons, YoY).

Stocks To Watch

  • Jio Financial Services: The company and BlackRock further subscribed to 5.85 crore shares of JV Jio BlackRock Asset Management for Rs 117 crore.

  • Medplus Health Services: The company’s arm gets three suspension orders of Drug Licence for a store situated in Karnataka.

  • Home First Finance Co: The finance provider is to consider raising funds through QIP or other means on Jan. 28.

  • Railtel Corp: The telecom infrastructure provider received an order worth Rs 46 crore from North Western Railway.

  • Aditya Birla Fashion & Retail: The company closed its qualified institutional placement at Rs 271.3 per share issue price.

  • Neuland Labs: The drugmaker’s board approved capital expenditure of Rs 342 crore in two facilities.

  • JK Tyre: The company received a $100 million sustainability-linked loan from International Finance Corp. The funding includes $30 million for the company and up to $70 million for its arm Cavendish Industries.

  • Centum Electronics: The electronics system provider is set to further invest up to €2 million in Centum T&S Group SA via an arm.

  • HCLTech: The IT major launched a 5,000-people delivery centre in Hyderabad.

  • Tanla Platforms: The company approved the sale of a 100% stake in arm Gamooga Softtech to another arm, Karix Mobile.

  • Vodafone Idea: The debt-ridden telecom company received a GST demand order worth Rs 8.9 crore, including interest, from the Mumbai government.

  • Zydus Lifesciences: The company’s arm received a demand order with a penalty of Rs 16.6 lakh for fiscal 2019 on an issue about alleged excess availment of ITC.

  • Vedanta: The company’s unit Balco received a GST demand order of Rs 22 lakh, including interest, from the Delhi government.

  • Hester Biosciences: The animal and poultry vaccines manufacturer received a GST penalty order worth Rs 32.5 lakh from the Haryana government.

  • TVS Supply Chain Solutions: Step-down subsidiary OrderLogic , Pitcomp 171, SPC EBT Trustees & SPC International have been struck off by voluntary liquidation. These subsidiaries are dormant and not material subsidiaries of the parent.

  • Piramal Pharma: The company issued a $216 million corporate guarantee on behalf of European arm.

IPO Offering

Denta Water And Infra Solutions: The Rs 220-crore initial public offering will open for bidding on Wednesday at a price band of Rs 279 to Rs 294 per share. The minimum lot size for an application is 50.

Trading Tweaks

  • Price band change from 5% to 2%: Nitco.

  • Stocks moving into ASM framework: Apollo Micro Systems, IDBI Bank, Vodafone Idea.

  • Stocks moving out of ASM framework: Greaves Cotton.

  • Ex/record date for interim dividend: Bhansali Engineering Polymers, Havells India.

  • Ex/record date for income distribution: Anzen India Energy Yield Plus Trust.

Pledge Shares

  • TGV Sraac: Promoter TG Rajyalakshmi revoked a pledge of 3.22 lakh shares, while Promoter Boda Mourya revoked a pledge of 92,800 shares and Promoter Jyothsna S Mysore revoked a pledge of 13,361 shares.

F&O Cues

  • Nifty January futures down by 1.26% to 23,103.20 at a premium of 79 points.

  • Nifty January futures open interest up by 3.1%.

  • Nifty Options Jan. 23 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,000

  • Securities in ban period: Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Can Fin Homes, Dixon Technologies (India), Kalyan Jewellers, L&T Finance, Manappuram Finance, Mahanagar Gas, RBL Bank.

Money Market

The Indian rupee lost its early gains and ended weaker by two paise against the US dollar, closing at 86.59 on Tuesday. The domestic currency initially opened stronger, following a more than 1% drop in the US dollar index after President Donald Trump’s inauguration speech contained fewer tariff-related announcements.

The rupee strengthened by 28 paise, opening at 86.29 against the dollar, compared to Monday’s close of Rs 86.57, according to Bloomberg data.

. Read more on Markets by NDTV Profit.The BSE Sensex closed 1,235.08 points or 1.6% down at 75,838.36, while the NSE Nifty 50 declined 320.10 points or 1.37% to close at 23,024.65.  Read MoreMarkets, Business, Notifications 

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