Written by:
Surjeet Dudani
Edition 26 | January 12, 2026 (Monday)
Compiled by Bulls on Fire
Bulls Weekly Market Summary: Volatility Amid Global Trade Fears, Yet Domestic Growth Shines
Indian markets opened the year on a mixed note, with strong corporate earnings and expansion plans countered by global trade concerns. Key sectors such as commercial vehicles, chemicals, banking, and real estate showcased impressive growth, while metals, oil, and industrial stocks faced pressure due to fears of a US tariff hike on Russian oil imports.
Mid- and small-cap companies posted strong results, with several reporting record pre-sales, project expansions, and approvals for new technologies. Manufacturing, infrastructure, and EV adoption continued to drive optimism, underlining broad-based domestic growth despite global uncertainties.
The outlook remains cautiously positive, as domestic growth stories continue to attract investor attention, particularly in sectors such as commercial vehicles, chemicals, and banking, even amid geopolitical volatility.
Top Headlines You Should Know
1. Emerald Finance Launches WhatsApp-Based Withdrawal for EWA
Emerald Finance introduced a WhatsApp feature for its Earned Wage Access product, enabling easier access to funds and improving digital engagement.
2. Aerolloy Technologies Wins Blue Origin Superalloy Order
PTC Industries’ subsidiary Aerolloy Technologies secured a development and supply order for BE-4 rocket engine castings.
3. Manappuram Finance Faces RBI Hurdles on Bain Capital Deal
Regulatory concerns may lead to changes in Bain Capital’s plan to acquire a controlling stake.
4. Ashok Leyland Expands EV Production in Lucknow
The Lucknow plant strengthens Ashok Leyland’s electric commercial vehicle strategy.
5. CuraTeQ (Aurobindo Pharma) Gets Health Canada Approval
The biosimilars arm received clearance for Dyrupeg, complementing approvals in Europe and the UK.
6. Bank of Baroda Receives RBI Nod for Primary Dealer Spin-Off
The bank can now move forward with creating a wholly owned subsidiary for its primary dealer operations.
7. Coal India & BHEL May Benefit from Upcoming Coal Gasification Incentives
Government plans target 100 million tonnes capacity by 2030 in the upcoming Union Budget.
8. Tata Motors – Commercial Vehicles Posts Strong Q3FY26 Wholesales
Festive demand and infrastructure growth supported performance; EV mobility stake strengthens electric vehicle plans.
9. Embassy Developments Q3FY26 Pre-Sales Jump 240%
Sharp growth driven by project approvals and improved customer collections.
10. Petronet LNG Expands Terminal to 5 MMTPA
Rs.4,000+ crore investment improves long-term growth visibility.
11. Karur Vysya Bank Reports Healthy Q3 Growth
Deposits, advances, and CASA ratios showed steady improvement.
12. Tamilnad Mercantile Bank Delivers Strong Q3 Performance
Robust deposit and loan growth, rising CASA levels, and profitability reinforce long-term outlook.
13. Tanfac Industries Approves Rs.495 Crore Capex for Specialty Chemicals
New plant in Cuddalore marks shift toward higher-value products.
14. Arvind Ltd Announces Leadership Transition
Vice Chairman Punit Lalbhai to head textiles and apparel business from April 2026.
15. Ashok Leyland Reiterates Strong EV Demand Outlook
Commercial vehicle demand remains strong, supported by infrastructure spending and growing adoption of electric buses and trucks.
Top Advancing Stocks
| No. | Stock Name | Price (LTP) | Change (Day %) | Volume |
|---|---|---|---|---|
| 1 | Atharv Enterprises Ltd. | ₹4.2 | +20.0% | – |
| 2 | Ausom Enterprise Ltd. | ₹150.8 | +14.6% | – |
| 3 | P G Foils Ltd. | ₹261.6 | +12.3% | – |
| 4 | Manaksia Aluminium Co. | ₹42.6 | +11.3% | – |
| 5 | Benchmark Computer Solutions Ltd. | ₹32.0 | +11.1% | – |
Top Declining Stocks
| No. | Stock Name | Price (LTP) | Change (Day %) | Volume |
|---|---|---|---|---|
| 1 | Akash Infra-Projects Ltd. | ₹30.8 | -9.8% | – |
| 2 | Rollatainers Ltd. | ₹1.6 | -9.8% | – |
| 3 | Sangam Finserv Ltd. | ₹38.9 | -7.1% | – |
| 4 | Ravileela Granites Ltd. | ₹49.0 | -6.1% | – |
| 5 | Tahmar Enterprises Ltd. | ₹11.9 | -5.4% | – |
Top Advancing Sectors
| Rank | Sector | Day Change % |
|---|---|---|
| 1 | FMCG | -0.33% |
| 2 | Textiles, Apparels & Accessories | -1.21% |
| 3 | Pharmaceuticals & Biotechnology | -1.94% |
| 4 | Software & Services | -2.12% |
| 5 | Banking & Finance | -2.58% |
Note: These sectors declined the least, indicating relative strength today.
Top Declining Sectors
| Rank | Sector | Day Change % |
|---|---|---|
| 1 | Others | -8.78% |
| 2 | Hardware Technology & Equipment | -8.09% |
| 3 | Telecommunications Equipment | -8.06% |
| 4 | Oil & Gas | -7.52% |
| 5 | Forest Materials | -7.41% |
Referenced from Trendlyne
Global Trade Fears Spark Market Volatility
The markets reacted sharply to the Sanctioning of Russia Act of 2025, backed by Donald Trump, which could impose 500% tariffs on countries importing Russian oil, putting India in focus.
India has increased Russian oil imports to manage fuel costs and inflation. Combined with existing 50% tariffs on select Indian goods, this triggered panic selling, particularly in metals, oil, and industrial stocks. FIIs were seen reducing exposure, further pressuring indices.
Metals & Oil Under Pressure
- Nifty Metal Index fell over 3%
- Nifty Oil & Gas Index dropped 2.8%
Export disruptions, higher costs, and capital spending slowdown also affected hardware technology and industrial sectors, signaling widespread impact beyond oil alone.
Precious Metals & Currency
Analysts expect gold and silver to benefit from uncertainty and potential rupee depreciation, reinforcing their safe-haven status amid market turbulence.
Closing Remarks
Indian markets are navigating a mix of domestic growth and global volatility. Companies in commercial vehicles, banking, chemicals, and real estate delivered strong results and expansions, while metals and oil reflected heightened geopolitical risks.
Investors should remain watchful of short-term volatility but note the structural growth trends in infrastructure, manufacturing, and EV adoption. Opportunities may arise from temporary mispricing in fundamentally strong stocks.
We’ll be back next week with more updates in Bulls Weekly Spark!
