The SENSEX advanced as much as 0.44% to an intraday high of 81,899.83. Meanwhile, the NIFTY50 touched the session's high of 25,184.95.

At 12:37 PM, the S&P BSE SENSEX soared by 35.30 points, or 0.04%, to 81,573. NSE's NIFTY50 stood at 25,079.45, reflecting a 30.80 points, or 0.12% increase.

Furthermore, the volatility gauge, India VIX, gained over 13% as the equity benchmark indices were trading flat.

On Friday, the foreign institutional investors (FIIs) sold stocks worth ₹4,113.38 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹4,102.56 crore on a net basis, according to exchange data.

The NIFTY50 index was bolstered by Adani Enterprises (5.00%), Axis Bank (4.51%), JSW Steel (3.06%), Grasim Industries (3.03%) and Adani Ports and Special Economic Zone (2.74%), which were among the top gainers.

On the contrary, the top losers included Mahindra & Mahindra (-3.74%), Kotak Mahindra Bank (-2.91%), Eternal (-2.38%), Maruti Suzuki India (-2.09%) and Max Healthcare Institute (-1.58%).

Buzzing stocks on January 27: Check list

Mahindra & Mahindra

Shares of auto major Mahindra & Mahindra (M&M), along with other auto companies, were under pressure on Tuesday, January 27.

M&M shares fell as much as 5% to an intraday low of ₹3,363.70 apiece on the National Stock Exchange (NSE).

The NIFTY AUTO index was trading 1.4% lower at 26,424 levels, with 12 out of 15 constituents trading in the red.

M&M stock declined, as per reports, on fears of increased competition from the India-EU FTA.

According to analysts and media reports, if India lowers import duties on European cars-currently at 100%-luxury brands such as Audi, BMW, and Mercedes-Benz could become more affordable, intensifying competition in the domestic premium segment.

UltraTech Cement

UltraTech Cement stock surged as much as 3.69% to an intraday high of ₹12,825 per equity share, after reporting its earnings for the third quarter of FY26.

India's leading cement maker posted a consolidated net profit of ₹1,729.44 crore for the quarter under review. It had logged a profit of ₹1,363.44 crore in the October-December period of FY25.

Its revenue from operations was at ₹21,829.68 crore in the December quarter of FY26. It was at ₹17,778.83 crore a year earlier, the Aditya Birla group flagship firm said in a regulatory filing on Saturday.

The company said its results "for the three months and nine months ended 31/12/2025 are not comparable with the previous corresponding period" due to the acquisition of India Cements Ltd (ICL), Birla White WallCare (earlier known as Wonder WallCare) and Ras Al Khaimah, the UAE-based RAKWCT.

IFB Industries

Shares of IFB Industries declined as much as 17.69% to an intraday low of ₹1,112.20 per unit, after reporting a 23% year-on-year (YoY) decline in its consolidated net profit to ₹23.94 crore in the December quarter of FY26.

In the year-ago period, the fine-blanked tools, components, and related machinery manufacturer had logged a profit of ₹31.09 crore, with the bottom line being impacted by the implementation of the new labour codes.

"Accordingly, an incremental liability of ₹13.38 crore has been recognised as an 'exceptional item' during the quarter and nine months ended 31 December 2025," it added.

Its revenue from operations, however, jumped 11.27% annually to ₹1,412.54 crore during the quarter under review, as against ₹1,269.52 crore in the third quarter of the 2024-25 fiscal year (Q3FY25).

Hindustan Zinc, Hindustan Copper

Stocks of metal companies such as Hindustan Copper and Hindustan Zinc were trading in the positive territory in the morning trade.

The stocks of the metal companies were in demand owing to a continued rally in prices of copper and silver and solid demand expectations.

Shares of Hindustan Zinc rallied as much as 4.9% to hit its 52-week high of ₹733 apiece on the NSE, on the back of a continued rise in silver prices.

As for Hindustan Copper, according to news reports, the outlook for copper in 2026 remains broadly bullish, driven by deepening structural supply deficits, declining ore grades, and robust demand from the energy transition-including electric vehicles and renewable energy-as well as AI-driven data centres.

Another reason why Hindustan Copper is trading in the green today is that the state-run entity recently said that it has emerged as the preferred bidder for the Baghwari-Khirkhori Copper and Associated Mineral Block in Madhya Pradesh after submitting the highest final price offer in a forward e-auction.

MCX

Shares of the Multi-Commodity Exchange of India soared as much as 6.44% to trade at the session's peak of ₹2,429 apiece on the NSE, after it posted a 151% annual jump in its consolidated net profit to ₹401 crore for the December FY26 quarter.

It had logged a profit of ₹160 crore in Q3FY25, it said in a regulatory filing.

Axis Bank

Axis Bank stock gained as much as 5.98% to hit a 52-week high of ₹1,333.20 per unit on the NSE on Tuesday, as it reported its Q3FY26 earnings.

Its standalone net profit for the quarter jumped 3% YoY to ₹6,940 crore as against ₹6,304 crore in the same period last year.

The net-interest income for the quarter jumped 4% sequentially and 5% YoY to ₹14,287 crore as against ₹13,606 crore, while the net-interest margin stood at 3.6%.

On the asset quality front, the GNPA for the quarter ended December stood at 1.40% and NNPA at 0.42%, slightly lower than 1.46% and 0.44% in the previous quarter.

Kotak Mahindra Bank

Kotak Mahindra Bank shares declined as much as 5.27% to an intraday low of ₹400.50 apiece, despite posting a 4% increase in standalone net profit at ₹3,446 crore for the third quarter ended December 2025, due to moderate growth in core income.

The Mumbai-based private sector lender had earned a net profit of ₹3,305 crore in the year-ago period.

Its net interest income (NII) in Q3FY26 increased to ₹7,565 crore from ₹7,196 crore logged in the year-ago period.

However, its net interest margin (NIM) declined to 4.54% in the reported quarter, from 4.93% in the third quarter of the previous financial year.