The Indian equities were under pressure by midday on January 19, 2026, with benchmarks slipping. The Nifty was trading near 25,520, while the Sensex hovered around 83,018, lower by roughly 0.66%. The weakness was broad, but the real movement was across individual counters, where listings, quarterly numbers and guidance resets forced investors to make quick, uncomfortable decisions.
Here are the top movers and shakers at this hour:
Bharat Coking Coal
Bharat Coking Coal made a thunderous debut on Dalal Street, listing near Rs 45, a premium of almost 96% over its Rs 23 issue price. The enthusiasm was immediate and unapologetic. On both the NSE and the BSE, the stock opened well above expectations, rewarding IPO allottees with gains of about Rs 27,000 per lot, given the lot size of 600 shares.
The listing capped a heavily subscribed issue that drew nearly 147 times demand overall. The IPO itself was a complete offer-for-sale by promoter Coal India, meaning the company received no fresh capital. Still, the market clearly liked the business profile and scarcity value. For Coal India shareholders, the listing reinforced confidence that the monetisation route is working, even if the cash lands with the promoter rather than the subsidiary.
The parent Coal India share price was down at Rs 430.55.
Wipro
Not a good day at all for the Wipro share price. It plunged nearly 9% intra-day after its December-quarter earnings and forward guidance failed to reassure investors. The numbers lagged peers such as TCS and Infosys, and the market reaction was swift.
The Q3FY26 net profit declined 7% year-on-year to Rs 3,119 crore, weighed down by higher provisioning linked to new labour codes. Q3revenue grew 5.5% to Rs 23,556 crore, which was not disastrous, but it was not comforting either. Operating margins improved sequentially to 17.6%, yet deal wins disappointed, falling to $3.3 billion, the weakest showing in six quarters. Adding to the discomfort, management guided for up to 2% sequential revenue growth in the next quarter. An interim dividend of Rs 6 per share did little to soften the blow.
ICICI Bank
ICICI Bank shares were under pressure, slipping close to 3% after the lender reported a 4% year-on-year drop in standalone net profit to about Rs 11,318 crore for Q3 FY26. Higher provisioning took its toll, with provisions and contingencies jumping sharply during the quarter.
There were positives, and they were not small. The Q3 net interest income rose nearly 8% to about Rs 21,900 crore, while non-interest income grew more than 12%. Asset quality improved across the board, with gross NPAs easing to 1.53% and net NPAs to 0.37%.
JSW Infrastructure
JSW Infrastructure moved sharply higher in Monday’s session, with the stock rising over 6% intraday. The move came after the company reported its December-quarter results post market hours on Friday, numbers that most brokerages described as largely in line with expectations rather than spectacular.
Motilal Oswal Financial Services reiterated a Buy rating with a target of Rs 360, pointing to a planned Rs 5,500 crore capex in FY26 and a strategy that aims to scale port capacity to 400 MTPA and logistics revenue to Rs 8,000 crore by FY30. JM Financial Institutional Equities went a step further, raising its target to Rs 400, highlighting management’s stated plan to nearly double EBITDA to Rs 5,000 crore by FY28 from Rs 2,600 crore in FY26. Elara Capital, too, stayed constructive, noting that while volumes have been choppy, port EBITDA has held up on tariff hikes and could structurally improve as the company pivots towards greenfield private ports, containers, and the high-margin Oman port.
RBL Bank
RBL Bank was at the other end of the spectrum, tumbling more than 8% at its weakest point after the lender reported a lower-than-expected bottom line for Q3 FY26. The stock slipped to around Rs 297 before trimming losses slightly, but remained deep in the red while the Nifty 50 was down less than 1%.
Sobha
Sobha shares traded lower through the session, slipping close to 4% at the day’s low after the real estate developer reported a weaker December-quarter performance. By late morning, the stock was still down around 1.5%, even as the Sensex managed to stay in positive territory.
The trigger was the sharp drop in profitability. Sobha reported a Q3 FY26 net profit of Rs 15.4 crore, a 29% year-on-year decline from Rs 21.7 crore in the same quarter last year.