Sensex slipped 104 points to 81,433. Meanwhile, Nifty stayed flat near 25,046 amid high volatility.
Axis Bank stock surged over 5% after Q3 profit rose 3% to ₹6,489 crore and NPAs improved.
Adani Enterprises shares jumped nearly 5% after denying involvement in the reported US regulatory action.
Indian stock market today, on Tuesday, January 27, 2026, showed volatility. Benchmark indices swung between gains and losses until after noon. Sensex was down 104.14 points or 0.13% at 81,433.56. Meanwhile, Nifty shed 2.45 points or 0.01% and hovered around 25,046.20. India VIX, the Indian stock market volatility index, surged more than 12%, pointing to nervous sentiment among traders.
Here’s everything you need to know about what happened in the stock market today based on Moneycontrol data.
Adani Group stocks made a strong comeback after Jan 23’s sharp fall. Adani Enterprises stock surged nearly 5%, trading at Rs. 1,952.40. At the same time, Adani Ports gained over 4%. Adani Green Energy rose 3.52%, and Adani Power climbed 2.20%.
The recovery followed a clarification issued by Adani Enterprises on January 24. The statements were in response to stock exchange queries about a media report citing US regulatory action. The clarification referenced a Bloomberg report that stated that the US Securities and Exchange Commission was seeking court approval to serve legal summons to Gautam Adani and Sagar Adani.
The company stated it is not a party to any new legal proceedings in the US, and no recent allegations have been made against it. This statement helped ease investor worries that had triggered last week's sell-off.
The banking sector reflected mixed trends. Axis Bank emerged as one of the top gainers. The stock jumped over 5% after reporting strong Q3 results. The private lender's standalone profit rose 3% to Rs. 6,489.6 crore compared to Rs. 6,303.8 crore year-on-year. Net interest income grew 5% to Rs. 14,286.6 crore. At the same time, asset quality improved with gross NPA dropping to 1.40% from 1.46% quarter-on-quarter.
However, Kotak Mahindra Bank faced selling pressure. The stock fell over 4% despite reporting a 4% increase in Q3 profit at Rs. 3,446 crore. The bank's board also approved a fund raise of up to Rs. 15,000 crore through non-convertible debentures in FY27.
HDFC Bank traded lower by 0.47%; 1.93 million of the bank’s shares changed hands in a block deal. Nifty PSU Bank index gained nearly 1%, with State Bank of India, Canara Bank, and Bank of India leading the charge.
Nifty Metal index rose 2%. Hindustan Zinc share price hit a 52-week high as silver prices soared to record levels. Domestic silver rates touched an all-time high of Rs. 3,59,950 per kg. The hike was driven by rising geopolitical tensions and strong industrial demand. Other metal stocks like JSW Steel, Vedanta, and Hindalco also gained.
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The auto sector faced headwinds as BSE Auto index slipped 1%. Mahindra & Mahindra fell 3.18%, Maruti Suzuki shares dropped 2.12%, and Hyundai Motor declined 4.13%. Nifty Realty index extended its losing streak to the sixth consecutive day, falling 1%. Lodha Developers, Godrej Properties, and Brigade Enterprises were among the top losers in the realty sector in the stock market today.
UltraTech Cement shares jumped 4% after posting strong Q3 results. The company’s profit rose 26.8% to Rs. 1,729.4 crore. JSW Energy reported a 150% surge in Q3 profit, but the stock fell 7.90% as results missed analyst expectations.
HCL Technologies announced the acquisition of Singapore-based Finergic Solutions for SGD 19 million, with shares trading marginally higher. PVR Inox monetised its investment in subsidiary Zea Maize by selling it to Marico for Rs. 226.8 crore.
Indian rupee opened 21 paise higher at 91.75 per dollar, recovering from Jan 23’s close of 91.96. However, persistent foreign institutional investor (FII) outflows continued to weigh on market sentiment. FIIs net sold shares worth Rs. 4,113 crore on January 23. Domestic institutional investors (DIIs), however, offered support with net purchases of Rs. 4,103 crore.
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Market experts note that the underperformance of Indian stock market today and the rupee depreciation created a cautious environment. Improved earnings for Q4 and the recent EU-India Free Trade Agreement announcement offered positivity. Experts suggest focusing on stock-specific opportunities. The market has become a stock picker's arena, where companies delivering better-than-expected results are being rewarded despite overall volatility.
1. Why was the stock market flat today?
A mix of earnings reports, overseas investors selling shares, and heightened volatility kept the market from moving much. Banking and metal stocks did well, but car and property stocks fell, holding back the main indexes.
2. Why did Axis Bank's stock jump today?
Axis Bank's stock soared because it had a killer third quarter. Bigger profits, reliable loan growth, and stronger assets made investors very positive about the stock.
3. Why did Kotak Mahindra Bank's stock drop?
Kotak Mahindra Bank's stock went down because people were unsure about its plans to raise funds. Profits were up, but worries about the future value of the stock and the overall market mood hurt the stock price.
4. Why are metal stocks up in today's market?
Metal stocks went up as silver prices reached all-time highs. High demand from factories and global uncertainty pushed metal prices higher, helping stocks such as Hindustan Zinc, Vedanta, and JSW Steel.
5. What's making investors jittery right now?
The India VIX going up, foreign investors pulling out money, and the rupee getting weaker are making the market feel uneasy. People are also paying close attention to earnings reports and what's happening around the world to get a sense of where things are headed.
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