Equitas Small Finance Bank Rallies on Q3 Performance; Nifty Realty Gains for Third Straight Session – Paper by Pocketful

Jan 05, 2026

Equitas Small Finance Bank (+3.93%): Stock rose as Q3 YoY performance showed strong growth, with gross advances up 15.9%, deposits rising 7.2%, and CASA increasing to 30%, reflecting improving balance sheet strength.
Oil and Natural Gas Corporation (-1.40): Shares were in focus after a gas pipeline leak at the Mori-5 well in Andhra Pradesh triggered a fire; no casualties were reported and officials are assessing the cause.
YES Bank Ltd (+2.42%): Stock rose on a positive Q3 business update, with loans increasing ~5% YoY to ₹2.58 lakh crore and deposits growing 5.5% YoY, reflecting steady balance-sheet expansion.
Waaree Energies (-5.30 %): Shares fell despite its arm Waaree Energy Storage Solutions raising ₹1,003 crore for a 20 GWh lithium-ion cell and battery pack plant under a ₹10,000-crore capex plan, as analysts maintained an Underperform view.

🏢 Sectoral Performance

Realty | Nifty Realty (+2.07%): Index moved higher for a third straight session, outperforming the broader market, with 9 gainers and 1 dragger, as sustained buying interest lifted realty stocks.
India Defence | Nifty India Defence (+2.04): Defence stocks surged amid heightened geopolitical tensions after US raids in Venezuela, led by Bharat Electronics Ltd, Hindustan Aeronautics Ltd, and Paras Defence and Space Technologies.
IT | Nifty IT (-1.43%): Index moved lower with all constituents in the red, as IT stocks faced pressure ahead of the Q3 earnings season, beginning next week with results from Tata Consultancy Services and HCL Technologies.
Oil & Gas | Nifty Oil & Gas (-1.02%): Index moved lower due to profit booking and stock-specific pressure in oil & gas stocks, with 4 pullers and 11 draggers weighing on the sector.

Technical Level: Nifty opened flat, slipped in early trade, then rebounded to test resistance near 26,370; however, the index faced rejection and reversed lower to close near day’s support around 26,210, indicating intraday volatility and profit booking at higher levels.
Advance-Decline Ratio: Market breadth stayed negative with 1,208 advances against 1,943 declines, reflecting broad-based selling pressure.
The Big Picture: BYD is poised to overtake Tesla as the world’s largest EV seller in 2025, after reporting a 28% jump in battery-electric vehicle sales to 2.26 million units, while Tesla’s deliveries are estimated to fall around 8%, marking a second straight annual decline.
FII/DII Activity (Jan 2, 2026): Despite DII buying of ₹677 crore and FII inflows of ₹290 crore, the market remained negative.

Earning Corner: Gabion Technologies Ltd SME IPO opens tomorrow, offering investors an opportunity to participate in the company’s growth story.
Macro: France Inflation Rate YoY Prel (Dec) data are scheduled for release tomorrow, likely influencing global market sentiment.
Index Watch: Nifty moved lower today amid US–Venezuela tensions and global market uncertainty, which pressured sentiment; however, the Indian market held up well, seeing only a mild correction from all-time highs, suggesting a potential move toward support before resuming a rally to new highs.

Theme: Option Greeks Explained

What it means: Rho measures the effect of interest rate changes on option prices.

Example:

Calculation: Price change = 1.5 × 1 = ₹1.50 New price ≈ ₹71.50

Calculation: Price change = 6 × 3 = ₹18 New option price ≈ ₹108

Spread – The gap between the bid and ask price, representing a hidden trading cost that widens during volatile or low-liquidity market conditions.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.