Indian equity markets are expected to open in a narrow range on Friday, January 23, 2026, amid mixed cues from Asian markets. Gift Nifty futures were trading around 25,340 at about 7:45 am, down 19 points, indicating a flat-to-mildly negative start for the Nifty 50. Investor focus is expected to remain on stocks driven by quarterly earnings, corporate updates and order announcements.
Several companies are scheduled to report quarterly results during the session, including Adani Green, IndusInd Bank, JSW Steel, BPCL, India Cements, Sona BLW, Godrej Consumer Products and DCB Bank. The results are expected to influence sector-specific movement, particularly across banking, metals, energy and consumer segments.
DLF reported its financial results for the third quarter of FY26, posting a consolidated net profit of Rs 1,203.36 crore, up 13.6 percent year-on-year, compared with Rs 1,058.73 crore in the corresponding quarter of the previous year. The increase was supported by higher net income and operational performance.
Waaree Energies reported a doubling of its consolidated net profit to Rs 1,106.79 crore in the third quarter of the current financial year, compared with Rs 506.88 crore in the year-ago period. Total income rose to Rs 7,761.23 crore from Rs 3,545.27 crore a year earlier.
Zee Entertainment Enterprises reported a 5.37 percent year-on-year decline in consolidated net profit for the October–December quarter at Rs 154.8 crore, compared with Rs 163.6 crore in the same quarter last year. Total income during the quarter increased 14.6 percent to Rs 2,298.5 crore.
Radico Khaitan reported a 62.26 percent year-on-year increase in consolidated net profit to Rs 154.93 crore in the third quarter, supported by record quarterly sales.
Bandhan Bank reported a 51.8 percent year-on-year decline in net profit to Rs 205.6 crore for the third quarter. Gross NPA stood at 3.33 percent and net NPA at 0.99 percent during the quarter.
Adani Total Gas reported a year-on-year increase of 11.4 percent in consolidated net profit to Rs 158.7 crore for the third quarter, while total income increased 17 percent.
NTPC Green Energy signed a memorandum of understanding with the Uttar Pradesh government for the development of renewable energy and green hydrogen projects in the state.
Suryoday Small Finance Bank reported a 9.8 percent year-on-year increase in profit for the third quarter, while reporting an increase in gross and net NPAs.
Ashoka Buildcon received a letter of acceptance worth Rs 307.71 crore from the Public Works Department, Daman, for the construction of a signature bridge project.
Oil and Natural Gas Corporation acquired 50 percent stakes each in Bharat Ethane One and Bharat Ethane Two and formed a joint venture with Mitsui OSK Lines.
