Although the benchmark indices opened lower, they traded positively throughout the session and ultimately closed green.
Indian equity benchmarks, Sensex and Nifty50, snapped their five-day losing streak on Monday after US Ambassador to India, Sergio Gor, said that the US and India will engage in trade talks as soon as Tuesday.
At the closing bell, the BSE Sensex closed higher by 302 points (up 0.3%).
Meanwhile, the NSE Nifty closed 107 points higher (up 4%).
Tata Steel, Asian Paints, and Trent are among the top gainers today.
Infosys, Bajaj Finance, Bharat Elec, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 25,85,9, higher by 43 points at the time of writing.
The BSE MidCap index ended 0.4% lower, and the BSE SmallCap index ended 0.6% lower.
Sectoral indices are trading mixed today, with stocks in the realty sector and power sector witnessing selling pressure. Meanwhile, stocks in the IT sector and the energy sector witnessed buying.
The rupee is trading at Rs 90 against the US$.
Gold prices for the latest contract on MCX are trading 1.8% higher at Rs 141,442 per gram.
Meanwhile, silver prices were trading 4.7% higher at Rs 264,747 per 1 kg.
Lemon Tree Shares Jump on Investment
In the news from hotels sector, shares of Lemon Tree came into focus after the company announced a major restructuring plan aimed at value unlocking and fund raising, including the creation of two separate entities and the induction of Warburg Pincus as a strategic investor.
Lemon Tree Hotels is planning to reorganize. After the change, Lemon Tree will focus on running hotels and managing its brand, while a new company, Fleur Hotels, will own the hotels and handle development.
Currently, Lemon Tree owns 58.91% of Fleur, and APG owns 41.09%. Warburg Pincus will buy APG's stake and invest Rs 9.6 bn in Fleur over time to support growth.
The reorganization will happen through a legal process called a scheme of arrangement. Lemon Tree will merge some of its subsidiaries into itself, and four others will merge into Fleur, with Lemon Tree receiving shares in return.
Twelve hotels will move to Fleur, and shareholders will get Fleur shares directly, at a ratio of 20 Fleur shares for every 311 Lemon Tree shares.
Spandana Sphoorty Financial Plans Merger of Criss Financial
Moving on to the news from finance sector, Spandana Sphoorty Financial has informed that its board is exploring the merger of its subsidiary, Criss Financial Limited, into the parent company.
On 10 January 2026, the board gave in-principle approval for the merger and set up a Merger Steering Committee to evaluate and finalize the terms.
The committee will engage intermediaries, draft the merger scheme and related documents, manage communications, and handle stakeholder interactions.
Based on the committee's recommendations, the board will review and approve the final merger plan. All required announcements and regulatory disclosures will be made once the board takes a final decision.
Embassy Developments Q3 Update
Moving on to the news from finance sector, shares of Embassy Developments came into focus after the company reported its Q3 FY26 results.
The company reported strong pre-sales of around Rs 13.9 billion in Q3 FY26, a 240% increase compared to Q2 FY26. Collections for the quarter stood at approximately Rs 4.2 billion, up 15% from the previous quarter, bringing cumulative collections for the first nine months of FY26 to Rs 11.0 billion.
During the quarter, the company received RERA approvals for four projects, Embassy Citadel (Worli, Mumbai), Embassy Greenshore (North Bengaluru), Embassy Eden (North Bengaluru), and Embassy Verde Phase 2 (North Bengaluru) with a combined estimated gross development value (GDV) of over Rs 128 billion.
It also obtained the Occupancy Certificate for 239 apartments at Serene Amara, a senior living project in Bengaluru developed through a joint venture with Columbia Pacific Communities.
Based on current momentum and the project pipeline, the company is on track to meet its full-year pre-sales target of Rs 50 billion for FY26. As of 31 December 2025, net institutional debt stood at approximately Rs 29.4 billion.
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