At 12:30 ST, the barometer index, the S&P BSE Sensex, declined 121.89 points or 0.15% to 83,698.13. The Nifty 50 index shed 61.25 points or 0.24% to 25,721.85.

In the broader market, the S&P BSE Mid-Cap index fell 0.37% and the S&P BSE Small-Cap index added 0.32%.

The market breadth was weak. On the BSE, 2,020 shares rose and 1,888 shares fell. A total of 188 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.46% to 11.42. The Nifty 27 January 2026 futures were trading at 25,782.50, at a premium of 60.65 points as compared with the spot at 25,721.85.

The Nifty option chain for the 27 January 2026 expiry showed a maximum call OI of 84.9 lakh contracts at the 26,000 strike price. Maximum put OI of 55.1 lakh contracts was seen at the 26,000 strike price.

Buzzing Index:

The Nifty Auto index shed 0.73% to 27,806.05. The index fell 3.86% in the five consecutive trading sessions.

Tube Investments of India (down 1.74%), Exide Industries (down 1.44%), Uno Minda (down 1.21%), Maruti Suzuki India (down 1.12%), Mahindra & Mahindra (down 1.04%), TVS Motor Company (down 1.03%), Tata Motors Passenger Vehicles (down 0.87%), Hero MotoCorp (down 0.57%), and Ashok Leyland (down 0.27%) fell.

On the other hand, Samvardhana Motherson International (up 0.53%), Bharat Forge (up 0.17%) and Bajaj Auto (up 0.14%) edged higher.

Stocks in Spotlight:

Maharashtra Scooters rallied 4.14% after the company reported a 24.84% surge in standalone net profit to Rs 4.12 crore on an 11.22% rise in total income to Rs 6.44 crore in Q3 FY26 over Q3 FY25.

NLC India advanced 1.15% after the company's board approved the listing of its wholly owned subsidiary, NLC India Renewables (NIRL), in line with the Government of India's National Monetisation Pipeline targets.

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