Asian equities posted a modest gain at the open on Tuesday, holding near record levels as geopolitical concerns failed to deter investors from adding to their portfolios.

US equities began the first full week of trading in 2026 on a high note, with tech and energy shares leading the advance as traders showed little sign of worry over geopolitical risk following the weekend ouster of Venezuela's President Nicolas Maduro.

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

Source: Equitymaster

At present, the BSE Sensex is trading 269 points lower, and the NSE Nifty is trading 50 points lower.

Tech Mahindra, ICICI Bank, and Hindalco are among the top gainers today.

Trent, Reliance Industries, and Max Healthcare, on the other hand, are among the top losers today.

The BSE Midcap index and the BSE Smallcap index are trading flat.

Sectoral Indices are trading mixed today, with stocks in the energy sector and the FMCG sector witnessing selling pressure. Meanwhile, stocks in the PSU Bank sector and the metal sector are witnessing a buying spree.

The rupee is trading at Rs 90.11 against the US dollar.
 

Trent Q3 Business Update

Tata Group's retail arm, Trent Ltd, reported a 17% year-on-year rise in standalone revenue to Rs 52.2 billion (bn) for the third quarter ended 31 December 2025, according to a regulatory filing.

The company had posted standalone revenue of Rs 44.7 bn in the corresponding quarter last year.

As of 31 December 2025, Trent's store network comprised 278 Westside stores and 854 Zudio stores, including four outlets in the UAE, along with 32 stores across other lifestyle formats.

During the quarter, the company added 17 Westside stores and 48 Zudio stores.

For the nine months ended 31 December 2025, standalone revenue increased 18% year-on-year to Rs 146 bn, compared with Rs 123.7 bn in the same period last year.

Over this nine-month period, Trent expanded its footprint by opening 30 Westside stores and 89 Zudio stores.

Trent is engaged in the retailing and trading of apparel, footwear, and accessories. Its business strategy involves nurturing, building, and growing brands of scale in the fashion and lifestyle space.
 

NBCC Bags New Contracts

State-owned Navratna PSU NBCC (India) Ltd on Monday, 5 January

announced that it has received new work orders worth around Rs 1.3 bn, as per a regulatory filing.

The orders, secured in the normal course of business, include a Rs 458.7 m contract from Maharaja Sriram Chandra Bhanja Deo University, Odisha, for construction, repair, and renovation works at its Baripada campus in Mayurbhanj district under the PM-USHA scheme.

NBCC has also bagged an Rs 881.8 m order from the Odisha School Programme Authority, Bhubaneswar, for carrying out civil works under the Godabarisha Mishra Adarsha Prathamika Vidyalaya Scheme. The company said both contracts have been awarded by domestic entities and involve project management consultancy services.

The work orders form part of NBCC's regular business operations and will be executed as per the terms and timelines specified by the respective clients.
 

In December, NBCC jumped 8% in a week. 
 

Dabur Sees Demand Revival in Q3

FMCG major Dabur on Monday said it has started witnessing early signs of demand recovery in the third quarter, after consumers had postponed purchases ahead of the government's tax cuts that came into effect in September.

The company expects consolidated revenue to grow in the mid-single digits in Q3, compared with a 3 percent growth reported in the same quarter last year. Dabur said the improvement in demand was supported by GST rate revisions, which helped lift consumer sentiment across both urban and rural markets once trade conditions stabilised.

Indian consumer goods companies, including Dabur, have faced pressure over the past few quarters due to elevated commodity costs and muted urban demand. Sales were further impacted in the second quarter as consumers delayed purchases in anticipation of lower prices following the tax cuts.

Looking ahead, Dabur said favourable macroeconomic conditions and recent tax reforms are likely to support an improvement in its revenue trajectory in the coming quarters.

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