Infosys, ICICI Prudential AMC Gain as Strong Q3 Results and Revenue Momentum Boost Sentiment & More – Paper by Pocketful
Market Recap: 16th January, 2026
Top Gainers & Losers (Nifty 50)
🗞 Stock News Highlights
ICICI Prudential Asset Management Company (+7.29%): Stock surged sharply after strong Q3 FY26 results, with net profit up 45% YoY to ₹917 crore and revenue rising 23.5% to ₹1,514.67 crore, along with ₹14.85 interim dividend.
RailTel Corporation of India (-1.44%): Share declined despite securing ₹88.66 crore Central Railway LoA for IP-MPLS network project, as profit booking and weak market sentiment capped gains.
Infosys (+5.63%): Stock rose after strong revenue momentum; Q3 YoY profit fell 2.2% to ₹6,654 crore, revenue grew 8.9% to ₹45,479 crore, EBIT rose 6.4% to ₹9,479 crore, margin slipped to 20.8%.
NBCC (-1.39%): Stock traded in red despite winning a ₹55.02 crore Indian Overseas Bank order, as profit booking and weak broader market sentiment weighed on the share.
🏢 Sectoral Performance
IT | Nifty IT (+3.34%): Index rose to a three-week high after strong Infosys Q3 results, with all constituents trading in green and sector sentiment improving.
PSU Bank | Nifty PSU Bank (+2.13%): Index rose on broad-based buying, with 10 gainers and 2 draggers, as sentiment improved across PSU banking stocks.
Pharma | Nifty Pharma (-1.46%): Index slipped as selling pressure in large caps and USFDA-related worries weighed on sentiment; Sun Pharma, Cipla and Divi’s Laboratories were the most sold stocks.
Cons Durables | Nifty Consumer Durables (-1.46%): Index slipped amid profit booking and weak demand outlook, with 4 gainers and 11 losers as selling pressure dominated large-cap consumer durable stocks.
🔍 Market Insights
Technical Level: The index opened with a minor gap-up and witnessed an upward move in the morning session. It faced resistance near 25,870, reversed thereafter, and declined toward the close, forming support around 25,660 while remaining range-bound.
Advance-Decline Ratio: Sentiment stayed weak as declines outpaced advances, with 1,828 stocks falling against 1,338 gainers, reflecting broad-based selling pressure across the market.
The Big Picture: India reported a sharp shift in trade flows as exports to China surged 67% in December, while shipments to the United States fell 1.8% due to high Trump-era tariffs, prompting India to increasingly diversify export markets and rebalance trade partnerships.
FII/DII Activity (Jan 14, 2026): Domestic institutions bought shares worth ₹5,217 crore, even as foreign investors offloaded ₹4,781 crore.
🔮 Watch Out For Tomorrow
IPO Corner: HDFC Bank and ICICI Bank are scheduled to announce their quarterly results tomorrow, keeping banking stocks in focus.
Macro: GDP Growth Rate YoY (Q4) & Industrial Production YoY (Dec) are scheduled for release next week, likely to influence market sentiment.
Index Watch: The index opened marginally higher but failed to sustain the rally, remaining range-bound for the second consecutive session. It is hovering near key support, and while Q3 results are stable, global economic tensions continue to create uncertainty around a fresh breakout.
5 Day Course
Theme: Options Strategies for Traders
Day 5 – Iron Condor Strategy
Iron Condor is a neutral strategy used when you expect the market to trade within a range. It combines a bull put spread (selling a put, buying a lower strike put) and a bear call spread (selling a call, buying a higher strike call). The goal is to collect premium while the stock/index remains in a narrow range. Both profit and loss are limited, making it ideal for low-volatility markets.
Example: Sell Nifty 25,500 put, buy 25,400 put, sell 26,000 call, buy 26,100 call. If Nifty stays between 25,500 and 26,000 at expiry, all options expire worthless, and you keep the net premium. Losses occur only if Nifty moves outside the outer strikes, but the loss is limited by the long options.
📝 Word Of The Day
Margin is borrowed capital from a broker used to trade larger positions, increasing profit potential but also amplifying losses, requiring careful risk and money management.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.