Asian markets began the week on a positive note on Monday, following gains on Wall Street after a US jobs report showed weaker-than-expected job creation in December, even as the unemployment rate declined, pointing to continued strength in the labour market.

On Friday, US Markets S&P 500 rose 0.65% to finish at a record high of 6,966.28, also marking a fresh all-time intraday peak during the session.

Here's a table showing how US stocks performed on Friday:

Source: Equitymaster

At present, the BSE Sensex is trading 472 points lower, and the NSE Nifty is trading 124 points lower.

HUL, ITC, M&M among the top gainers today.

Bharat Elec, Eternal, and Reliance Industries, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% lower, and the BSE Smallcap index is trading 0.7% lower.

Sectoral indices are trading negatively today, with stocks in the realty and power sectors witnessing selling pressure.

The rupee is trading at Rs 90 against the US dollar.
 

Avenue Supermarts Q2 Results

Shares of Avenue Supermarts, which owns and operates the DMart retail chain, came into focus after the company reported its Q2 results.

Revenue from operations rose 13.32% year-on-year to Rs 181 billion (bn), compared with Rs 159.7 bn in the corresponding quarter of the previous financial year.

Total income, including other income, increased 13.25% to Rs 181.2 bn during the quarter.

Net profit grew at a faster pace, rising 18.27% year-on-year to Rs 8.6 bn, up from Rs 7.2 bn in Q3 FY25.

Total expenses for the quarter climbed 13% to Rs 169.4 bn.

Profitability improved marginally, with the PAT margin at 4.7%, compared to 4.5% in the same quarter last year.
 

Vedanta Gets NCLT Nod for Demerger

Vedanta said that the NCLT Mumbai Bench has approved a restructuring plan involving several of its subsidiaries, including Talwandi Sabo Power (TSPL), Vedanta Aluminium Metal, Malco Energy, Vedanta Base Metals, and Vedanta Iron and Steel.

The plan, cleared under the Companies Act, allows Vedanta to split its different businesses into separate companies. This includes its aluminium, power, iron and steel, and base metals businesses. The objective is to allow each business to be managed independently, improve efficiency, and offer clearer investment options for shareholders and lenders.

As part of the approved scheme, TSPL will take over Vedanta's merchant power business. All assets, liabilities, and employees linked to this business will move to TSPL, with employee benefits such as gratuity, pension, and provident funds remaining fully protected.

The scheme received strong support from creditors, with 100% of secured creditors and 99.99% of unsecured creditors of TSPL voting in favour in meetings held in November 2025.
 

NTPC, Mahagenco Sign Sinnar Power Pact

NTPC Ltd and Maharashtra State Power Generation Company (Mahagenco) have signed a shareholder agreement for the acquisition of Sinnar Thermal Power Ltd (STPL), as disclosed by NTPC on 09 January 2026.

The acquisition is part of a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. The resolution plan submitted jointly by NTPC and Mahagenco was approved by the NCLT, Delhi, on 28 November 2025.

STPL owns a coal-based thermal power plant with a capacity of 1,350 MW, consisting of five units of 270 MW each, located in Sinnar, Nashik district, Maharashtra.

The transaction is expected to be completed within 90 days of NCLT approval, by 26 February 2026. The total acquisition cost is Rs 38 billion, to be paid fully in cash.

After completion, NTPC and Mahagenco will each hold 50% stake in STPL, giving the consortium full ownership.

Once the deal is done, NTPC Group's total installed capacity will rise to 86,987 MW, with a commercial capacity of 85,907 MW.

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