Day

January 16, 2026
GLOBAL-PRECIOUS/PRECIOUS-Gold slips as upbeat US data boosts dollar, dims rate-cut bets
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Billionbrains Garage Ventures, parent of Groww, reported a 27.8% profit dip in Q3 FY26 due to a one-time tax gain last year. Despite this, revenue surged 24.8%, and market share grew significantly in stocks and derivatives. Analysts at Motilal Oswal and Citi maintain ‘Buy’ ratings, citing strong revenue growth and market position
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A sharp 4% drop in global crude has put ONGC, Oil India, Reliance, Indian Oil, BPCL and HPCL back in the spotlight. The reversal, driven by easing geopolitical fears, reshapes near-term expectations for upstream producers and refiners, with analysts watching whether oversupply or renewed tensions steer prices ahead.
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Infosys shares are likely to see buying interest after the company raised its FY26 revenue growth guidance despite a year-on-year profit decline. Brokerages remain largely positive, citing strong deal wins, improving momentum in key verticals and sustained margin guidance, supporting optimism around the stock’s near- to medium-term outlook
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U.S. stocks climbed on Thursday, driven by strong quarterly earnings from financial giants Morgan Stanley and Goldman Sachs, which saw their shares surge. Positive results from chipmaker TSMC also boosted U.S. semiconductor stocks, signaling a shift in market focus towards undervalued sectors like banks and industrials.
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The dollar is poised for a third weekly gain as positive U.S. economic data, including a surprise decline in jobless claims, lowers expectations for imminent Federal Reserve rate cuts. The yen remains at levels that risk intervention, while the ECB signals no near-term rate changes unless new shocks emerge.
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Five top stock picks for 2026, including Angel One and Groww, are projected to deliver 15–30% long-term returns.
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