Stock markets bounce back after falling in early trade

The 30-share BSE Sensex dropped 417.68 points to 81,120.02 in early trade. The 50-share NSE Nifty declined 111.1 points to 24,937.55.

However, soon after both the benchmark indices bounced back and were trading in positive territory. The BSE benchmark quoted 298.06 points higher at 81,814.74, and the Nifty traded 91.85 points up at 25,151.15.

From the 30-Sensex firms, Axis Bank, Adani Ports, UltraTech Cement, Bharat Electronics, Tata Steel, NTPC, State Bank of India and Tech Mahindra were among the biggest gainers.

Axis Bank climbed over 4% after the firm reported a 4% growth in its December quarter net profit to ₹7,010.65 crore against ₹6,742.99 crore in the year-ago period.

However, Kotak Mahindra Bank dropped over 4% after its third quarter earnings failed to cheer investors.

Mahindra and Mahindra, Maruti Suzuki, Hindustan Unilever and ICICI Bank were also among the laggards.

Top leaders of India and the European Union will on Tuesday (January 27, 2026) announce the conclusion of negotiations for a landmark trade deal, firm up a strategic defence pact and unveil a broader vision to navigate the geopolitical turbulence and trade disruptions.

Foreign institutional investors offloaded equities worth ₹4,113.38 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth ₹4,102.56 crore, according to exchange data.

Equity markets were closed on Monday for Republic Day.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index traded higher.

U.S. markets ended higher on Monday.