Indian Markets Mixed as 54 Firms Report Q3 Results Amid Volatility and FII Selling

Indian equity markets showed mixed trends on January 23, 2026, with major indices initially rising on easing geopolitical tensions and positive global cues but later declining due to foreign institutional investor (FII) selling and profit booking. Over 50 companies, including BPCL, Cipla, JSW Steel, IndusInd Bank, and Bandhan Bank, reported Q3FY26 results, revealing varied performances such as strong profit growth at Ujjivan SFB and APL Apollo Tubes, while IndiGo and IndusInd Bank faced profit declines. Market volatility remained elevated amid cautious investor sentiment ahead of the Union Budget and global economic uncertainties.