Day

January 12, 2026
TCS declared a Rs 57 per share dividend, including a Rs 46 special payout, supported by strong cash flows. Despite modest revenue growth and lower profit, stable margins and rising AI-led services continue to underpin long-term strategy.
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The Indian rupee closed nearly ‍flat on Monday, wedged ​between a broadly weaker dollar and steady hedging demand from ⁠domestic firms, while optimism over U.S.-India trade talks offered some support to market sentiment. The rupee closed at 90.1525 per dollar, little changed from 90.1625 in the previous session.
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Stock Market Holidays 2026: Stock exchanges BSE and NSE will be closed for trading on January 15 due to municipal corporation elections in Maharashtra. Equity derivatives contracts set to expire on January 15, 2026, have been moved to January 14. This change impacts trading in equity, derivatives, commodity, and gold receipts segments.
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BofA Securities has initiated coverage on newly listed Meesho with a Neutral rating and a Rs 190 target, citing advertising and logistics as key monetisation drivers. The brokerage remains cautious on valuation after the post-IPO rally. Meesho shares fell 5% on Monday but still trade well above their IPO price.
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Markets have broken key short-term supports as the Nifty struggles near 25,500, warns CA Rudramurthy of Vachana Investments. He advises investors to cut leverage, shift to low-beta largecaps and focus on capital protection amid sharp midcap and smallcap losses. He names SBI, Varun Beverages and Indus Towers as stocks showing relative strength.
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HCL Tech Q3 Results: HCL Technologies on Monday reported an 11% YoY fall in its December quarter consolidated net profit at Rs 4,076 crore compared to Rs 4,591 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.
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TCS Q3 Results: Tata Consultancy Services announced its Dec quarter results. Net profit saw a 14% YoY drop. However, revenue from operations increased by 5% compared to the previous year. The company also declared an interim dividend for FY26. Management highlighted continued growth momentum and significant revenue from AI services.
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Indian equities closed higher Monday, with the Sensex and Nifty snapping a five-session losing streak after a late-afternoon rebound, as investors took comfort from signs of renewed engagement between New Delhi and Washington on trade.
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U.S. President Donald Trump’s proposal to cap credit card interest ‍rates at 10% has grabbed headlines ​but would require legislation and has slim odds of passing, ⁠Wall Street analysts said.
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