Indian stock markets are expected to open in positive territory on Tuesday, January 13, following gains across Asian markets and after snapping a five-session losing streak. Early trends from Gift Nifty suggested a positive start, with the index trading at 25,920, up about 63 points or 0.24% from its previous close.

On Monday, the Sensex and Nifty 50 ended their prolonged decline, supported by value buying in an oversold market after signs emerged that India and the US were moving closer to resolving their trade deal differences. The indices witnessed a strong rebound during the session, with the Sensex recovering sharply from an intraday low of 82,861 to close at 83,878.17, gaining 302 points or 0.36%. The Nifty 50 rose 107 points or 0.42% to settle at 25,790.25.

IT Sector Results

Tata Consultancy Services reported disappointing quarterly results, with consolidated net profit declining significantly for the December quarter. HCL Technologies also faced challenges, posting reduced earnings compared to the previous year.

Major Corporate Developments

Ola Electric announced a significant milestone in its diversification strategy, beginning the rollout of its first battery energy storage system, Shakti, from its manufacturing facility in Krishnagiri, Tamil Nadu. This marks the company's expansion beyond electric vehicles into energy storage solutions.

Larsen & Toubro strengthened its marine operations by announcing the acquisition of the remaining 40% stake in L&T Sapura Shipping Private Limited from Sapura Nautical Power Pte Ltd for ₹122.4 crore. This transaction will convert the offshore marine construction firm into a wholly owned subsidiary.

Financial Market Activities

Biocon initiated a substantial fundraising effort through a ₹4,150 crore qualified institutional placement. The company set an indicative issue price of ₹368.35 per share, representing approximately a 5% discount to the prevailing market price to support its growth plans.

Anand Rathi Wealth delivered strong financial performance with impressive growth across key metrics:

Infrastructure and Energy Sector Updates

KP Green Energy signed a significant agreement with the Gujarat government to establish renewable energy projects valued at ₹4,000 crore, highlighting the company's commitment to large-scale sustainable infrastructure development.

NLC India received board approval for the listing of its subsidiary, NLC India Renewables, involving a 25% stake dilution along with an investment of ₹66.7 crore. Additionally, the company announced an interim dividend of ₹3.6 per share, with January 16 fixed as the record date.

TVS Supply Chain Solutions secured a new contract from Daimler India Commercial Vehicles to handle in-plant warehouse operations at DICV's manufacturing unit in Chennai, expanding its logistics services portfolio.

Companies Reporting Results Today

Several companies including ICICI Prudential Life, ICICI Lombard, Just Dial, Tata Elxsi, and Bank of Maharashtra will report their December quarter results today, which could influence market sentiment and individual stock movements.

The Indian stock market staged a strong recovery on Monday, with key benchmark indices snapping a five-day losing streak amid optimism surrounding India-US trade deal discussions. Market expert Vaishali Parekh has identified three stocks for intraday trading opportunities as volatility continues in both equity and commodity markets.

Market Performance Overview

The major indices showed significant recovery from early weakness on Monday. Here's how the key benchmarks performed:

Sectoral performance remained mixed during the session. Realty and pharma sectors faced pressure, while metals, financials, and FMCG stocks witnessed buying interest later in the day, helping stabilize the overall market sentiment. Mid-cap and small-cap indices also recovered from early weakness to end broadly flat.

Technical Analysis and Market Outlook

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that market sentiment has improved following Monday's strong recovery. The Nifty 50 index experienced a volatile session, initially sliding to hit lows near the 25,475 zone before surging strongly to recover intraday losses.

Key Technical Levels for Nifty 50:

• Major Support: 25,000 zone (200-period MA)
• Immediate Support: 25,650
• Resistance: 25,900 zone (50EMA), 26,000
• Daily Range: 25,650 to 26,000

For the Bank Nifty index, Parekh observed that after a weak morning session that saw the index slip to the 50-DEMA level at 58,900, it witnessed a strong bounce back to close near 59,450. The index has sustained near the important near-term support of 58,800 zone and would need a decisive close above 60,000 to trigger fresh upward movement.

Intraday Stock Recommendations

Parekh has recommended three stocks for intraday trading with specific entry points, targets, and stop-loss levels:

All three recommendations are buy positions, reflecting the analyst's positive outlook on these specific stocks despite broader market volatility.

Commodity Market Developments

Gold and silver prices reached record levels amid concerns over Federal Reserve independence under the Trump administration. International spot gold eased to near $4,588 per ounce after jumping 2.00% in the previous session, while silver prices dropped 1.20% after surging more than 6.00% on Monday.

MCX Precious Metals Performance:

The rally in bullion prices was supported by a weak US dollar and uncertainty over a potential Trump administration criminal probe into Federal Reserve Chair Jerome Powell, which has deepened market concerns about central bank independence.

The combination of equity market recovery and record-high precious metal prices reflects the complex dynamics currently affecting financial markets, with geopolitical uncertainties continuing to influence investor sentiment across asset classes.