Larsen & Toubro Stock rose after the Q3 Result; Metal sector rose today on firm global metal prices – Paper by Pocketful
Market Recap: 29th January, 2026
🗞 Stock News Highlights
🗞 Stock News Highlights
ABB India (+8.54%): Stock rose sharply over 10% after ABB Global reported Q4 results, with India order inflows up 49% YoY versus 20% expected, offsetting weakness in China.
Larsen & Toubro (+3.66%): Stock rose after the company reported 10.5% YoY revenue growth and margin expansion in Q3, despite net profit declining 4.3% YoY, with a strong order book of ₹7.33 lakh crore.
Rail Vikas Nigam (- 0.31%): Shares fall despite Rail Vikas Nigam–GPT JV emerging as the lowest bidder for a ₹1,201.35 crore Northern Railway project.
eClerx Services (+5.88%): Stock rose after eClerx Services reported strong Q3 FY26 earnings, with net profit up 40% YoY to ₹191.8 crore, revenue rising 25% YoY, and announced a 1:1 bonus issue.
🏢 Sectoral Performance
Metal | Nifty Metal (+3.07%): The sector rose today on firm global metal prices and improved demand outlook, led by gains in Tata Steel, Vedanta and Hindustan Copper.boosting sentiment across steel and metal stocks.
Energy | Nifty Energy (+1.87%): Sector surged sharply on strong buying across oil & gas and power stocks, with 27 stocks advancing and 13 declining, outperforming the broader market.
India Defence | Nifty India Defence (-1.21%): Index fell after yesterday’s sharp rally as profit booking emerged across sectors, with 9 gainers and 9 decliners, indicating a broadly balanced market.
Healthcare | Nifty Healthcare (-0.96%): Sector traded lower today due to profit booking and stock-specific pressure, with major losses seen in Sun Pharma, Divi’s Labs and Laurus Labs.
🔍 Market Insights
Technical Level: Nifty opened flat and saw selling pressure in the morning session, but found support near 25,160, rebounded steadily, formed an uptrend till close, faced resistance around 25,460, and ended above the day’s opening, indicating positive sentiment.
Advance-Decline Ratio: Market breadth remained negative, with 1,382 advances against 1,821 declines, indicating broader selling pressure despite selective buying.
The Big Picture: China and the U.K. are seeking to reset ties as President Xi Jinping and Prime Minister Keir Starmer agreed to pursue a long-term strategic partnership, expanding cooperation in trade, education, healthcare, AI, and investment following Starmer’s first China visit in eight years.
FII/DII Activity (Jan 28, 2026): Market activity showed strong domestic support, with DIIs buying ₹3,360 crore, while FIIs bought ₹480 crore, indicating supportive institutional flows.
🔮 Watch Out For Tomorrow
Earnings Corner: Tata Investment Corporation & Welspun Corp are set to announce their Q3 results tomorrow.
Macro: Europe GDP Growth Rate YoY Flash (Q4) & Japan Unemployment Rate (Dec) are scheduled to be released Tomorrow.
Index Watch: Nifty’s three-day rally signals improving sentiment ahead of the Budget, but with past pre-Budget volatility, the move needs follow-through to confirm whether it can sustainably cross 26,000 before or after the Budget.
5 Day Course
Theme: Fundamental Analysis
Day 4 – Thursday: Key Financial Ratios
Definition: Financial ratios are calculated metrics that simplify financial data to measure a company’s profitability, efficiency, risk, and valuation, enabling easier comparison across companies and time periods.
Key Points: Ratios like ROE and ROCE measure return efficiency, Debt-to-Equity highlights financial risk, and the P/E ratio indicates valuation expectations. These ratios help investors quickly identify fundamentally strong and weak companies.
Example: Two companies earn similar profits, but one has higher ROCE and lower debt. The company using capital more efficiently and carrying less risk is fundamentally stronger.
📝 Word Of The Day
Convexity: A measure of how the duration of a bond changes as interest rates change, reflecting the curvature of the price - yield relationship.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.