Markets Dip at Midday: Energy and Commercial Services Lead Losses
Indian markets are trading in negative territory at midday, with Nifty 50 down 0.33% and Sensex down 0.37%. Energy and Commercial Services sectors are the top losers, declining 19.37% and 16.31% respectively. Engineering Services sector shows resilience with a 3.36% gain. Key stocks in focus include SIS Limited, Hindustan Copper, NDTV, Asian Paints, TVS Motor, and Brigade Hotel Ventures, driven by corporate actions and Q3 results.
*this image is generated using AI for illustrative purposes only.
Market Overview: Bearish Sentiment Prevails
As the clock strikes noon on January 29, 2026, Indian markets are trading in negative territory, with both benchmark indices showing declines.
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,258.30 | -84.45 | -0.33% |
| BSE Sensex | 82,038.43 | -306.25 | -0.37% |
Sectoral Performance: Energy and Commercial Services Under Pressure
The market is witnessing significant sectoral divergence, with several sectors facing substantial headwinds.
Top Losing Sectors
| Sector | Avg. % Change |
|---|---|
| Energy | -19.37% |
| Commercial Services | -16.31% |
| Logistics & Cargo | -14.08% |
| Forest Materials | -13.02% |
| Realty | -12.86% |
Top Performing Sectors
| Sector | Avg. % Change |
|---|---|
| Engineering Services | 3.36% |
| Diamond, Gems and Jewellery | 0.48% |
| Trading | 0.11% |
Buzzing Stocks: Corporate Actions and Financial Results in Focus
Several companies are making headlines today:
SIS Limited: Approved allotment of 50,733 equity shares under ESOP, increasing paid-up share capital.
Hindustan Copper Ltd.:
- Witnessed a significant NSE block trade worth Rs. 20.98 crores.
- Scheduled board meeting for February 5, 2026, to consider Q3FY26 results and interim dividend.
New Delhi Television Limited (NDTV):
- Revised authorization for Key Managerial Personnel regarding materiality of events.
- Posted a consolidated net loss of Rs. 8,025 lakhs for Q3FY26, despite revenue rising to Rs. 15,041 lakhs.
- Completed a rights issue raising Rs. 39,649 lakhs.
Asian Paints Limited: Received an independent ESG rating of 62, placing it in the 'Strong' category.
TVS Motor Company:
- Expressed positive outlook for the automotive industry's fourth quarter.
- Achieved highest ever quarterly sales of 15.44 lakh units in Q3 FY26, marking 27% growth YoY.
Brigade Hotel Ventures Limited:
- Filed quarterly statement showing no deviation in fund utilisation from Pre-IPO and IPO proceeds.
- Posted consolidated revenue of Rs. 13,876 lakhs for Q3FY26, up 11.6% YoY, with profit rising to Rs. 2,172 lakhs.
Conclusion
As the trading session progresses, the market sentiment remains cautious with key indices in the red. Energy and Commercial Services sectors are facing significant pressure, while Engineering Services show resilience. Investors are closely watching corporate actions and Q3 results for cues on market direction.
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