Market View 28th January, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets showed a positive but mixed tone. US and European equity futures moved higher, supported by optimism around large technology companies. Asian markets were uneven, with some regions gaining while others slipped. Asian currencies strengthened as the US dollar weakened, reflecting growing investor caution toward US policy direction. US markets closed slightly higher, led by strong buying in major technology stocks. Investor confidence was supported by expectations of strong earnings from leading tech firms. However, healthcare and insurance stocks faced pressure after cautious guidance from a large insurer and concerns around future government healthcare payments. In India, equity markets were volatile but ended the day in positive territory. Benchmarks recovered from early losses and closed higher, supported by broad-based buying and improved sentiment during the session. Looking ahead, global investors are focused on key macroeconomic events. The US central bank’s interest rate decision will be closely watched for signals on future policy. In India, upcoming industrial activity data will provide insight into the health of the domestic economy and demand trends.

Q3FY26 Results for Today:

ABREL, ACC, ACUTAAS, AEROFLEX, AGI, AGRIBIO, AKSHARCHEM, ARVINDFASN, ASAL, ASKAUTOLTD, AVIVA, BALKRISIND, BEL, BORORENEW, BSOFT, CARTRADE, CHECKPOINT, CHEMFAB, COCHINSHIP, CRAFTSMAN, CRIZAC, CSBBANK, DATAMATICS, ECLERX, ELCIDIN, FIVESTAR, GLAND, GPTINFRA, GRSE, GVTD, HAWKINCOOK, HEMIPROP, HERITGFOOD, ICRA, INTEGRAEN, JINDRILL, KAYA, LODHA, LT, LTFOODS, M&MFIN, MARUTI, NDTV, NETTLINX, PHOENIXLTD, POCL, POLYCHMP, PPLPHARMA, RAMCOSYS, SAGILITY, SBICARD, SBILIFE, TVSMOTOR.

Economic Calendar:

• USD: Monetary Policy and Export and Import Data on 29^th January 2026.
• IND: Industrial Production Data (Dec) on 28^th January 2026.
• USD: Initial and Continuing Jobless Claim Data on 29^th January 2026.
• IND: Union Budget on 01^st February 2026.

Brokerage Radar:

UBS ON ASHOK LEYLAND:

Target ₹225 Earlier Target ₹177 Recommendation Buy, Improving sector fundamentals and supportive pricing environment should help in protecting margins, Still see scope for further upside, Indian CV OEMs, warrant re-rating given their strengthening fundamentals, See more stable volume and margin trends.

JEFFERIES ON TATA CONSUMER:

Target ₹1,310 Recommendation Hold, A Good Quarter led by India, India business reported strong growth with UVG at 15%, Growth categories had another strong quarter led by Sampann and Nourishco, International business faced margin pressure, although grew double digit, Management sounded confident on growth and profitability especially for India business.

MORGAN STANLEY ON ASIAN PAINTS:

Target ₹2194 Recommendation Underweight, Q3: Efforts in place, demand unsupportive, Q3 was affected by shorter festive season and prolonged monsoon, Volume growth guidance for Q4 at 8-10% with 4-5% negative mix continuing, implying 5-6% value growth, of 18-20% maintained Industrial growth to remain strong. EBITDA margin guidance.

International Markets:

U.S & Europe:

Particulars	27th  Jan	Chg.	Chg.(%)
Nasdaq	23,817.10	215.74	0.91
Dow	49,003.41	-408.99	-0.83
FTSE	10,207.80	58.95	0.58
CAC	8,152.82	21.67	0.27
DAX	24,894.44	-38.64	-0.15
Dow Fut.*	49,045.95	42.54	0.09

*As per 28^th January.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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