Adani Group Stocks Slide on U.S. SEC Probe Reports; Bandhan Bank Rises on Q3 Results – Paper by Pocketful

Jan 23, 2026

Bandhan Bank (+4.82%): Shares rose after Q3 FY26; profit ₹206 crore (-52% YoY, +84% QoQ), revenue ₹3,379 crore (+7.8% QoQ), NII ₹2,688 crore, NIM 5.9%.
InterGlobe Aviation (- 4.17% ): Stock declined after Q3 FY26 results as profit fell 77.5% YoY to ₹550 crore despite 6% revenue growth, higher costs, disruptions, and margin pressure.
Ashoka Buildcon (+1.01%): Stock surged after receiving a Letter of Acceptance worth ₹307.71 crore from PWD Daman for constructing a signature bridge project.
DLF (- 4.05%): Stock declined despite strong Q3 YoY performance, with profit up 13.7% to ₹1,203.4 crore and revenue rising 32.2% to ₹2,020.2 crore.

Realty | Nifty Realty (- 3.34%): Sector fell for the fifth consecutive session amid persistent profit booking, interest-rate sensitivity, and demand concerns, with market breadth weak at 1 gainer versus 9 losers.
Media | Nifty Media (- 2.51%): Index declined today after yesterday’s rally on profit booking, with most losses in Zee Entertainment, Nazara Technologies, and PVR INOX.
Nifty PSU Bank (- 2.27%): Index fell today due to profit booking and cautious sentiment, with all constituents trading in red, reflecting broad-based selling pressure across PSU banking stocks.
Nifty Energy (- 1.92%): Index fell today on profit booking and weak sentiment in energy stocks, with heavy selling seen in Reliance Industries, Adani Green Energy, and Adani Energy Solutions.

Technical Level: Nifty opened on a flat note and encountered resistance near 25,340 during the early session. Persistent selling pressure led to the formation of lower lows through the day, with the index closing near the 25,020 support level, reflecting a cautious and consolidation-driven market sentiment.
Advance-Decline Ratio: Market breadth turned negative today, with declines 2,301 outpacing advances 880, indicating broad-based selling across the market.
The Big Picture: Adani Group stocks plunged after reports that the U.S. Securities and Exchange Commission may question founder Gautam Adani over alleged fraud and bribery charges; Adani Green Energy fell ~14% and Adani Enterprises dropped ~10.7%, denting investor sentiment.
FII/DII Activity (Jan 22, 2026): DIIs were net buyers worth ₹4,223 crore today, while FIIs sold ₹2,550 crore, highlighting continued domestic support amid sustained foreign selling pressure.

Earnings Corner: Kotak Mahindra Bank, UltraTech Cement & Chennai Petroleum Corp. are set to announce their Q3 results tomorrow.
Macro: India Republic Day and U.S. Durable Goods Orders MoM (Nov) are scheduled for release next week, and are expected to influence market sentiment and trading activity.
Index Watch: Nifty declined for the second straight session as the market failed to sustain momentum, closing below the previous two days’ levels. Continued selling pressure kept sentiment weak, with the week remaining negative and investors cautious ahead of the Budget and ongoing FII concerns over policy clarity.

Theme: Diversification in Large-Cap, Mid-Cap & Small-Cap Stocks

Day 5 – Friday: Building a Diversified Portfolio (Putting It All Together)

Diversification balances stability and growth by allocating capital across market caps based on risk appetite and time horizon.

Detailed Portfolio Example: Investment Amount: ₹10,00,000

If small-caps correct sharply, large-caps reduce downside impact. If the economy expands, mid- and small-caps accelerate portfolio returns.

Capex (Capital Expenditure): refers to money spent by companies on long-term assets like plants, machinery, or infrastructure to expand operations and support future growth.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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