Markets staged a recovery in afternoon trade on Monday, erasing opening losses as metal and banking stocks gained traction, though broader indices remained under pressure amid continued foreign institutional investor selling and global uncertainty.

The BSE Sensex traded at 83,583.41, up 7.17 points or 0.01 per cent from its previous close of 83,576.24, after opening lower at 83,435.31. The NSE Nifty 50 stood at 25,704.30, gaining 21 points or 0.08 per cent from its previous close of 25,683.30, having opened at 25,669.05.

The recovery came after markets opened sharply lower, extending losses from the previous week when the Sensex dropped 2,185 points and the Nifty declined 2.37 per cent. US President Donald Trump’s warning of steep tariffs, including threats of 500 per cent duties on countries buying Russian oil, combined with geopolitical tensions, had triggered risk-off positioning across emerging markets.

On the Nifty 50, Coal India led gainers with a 2.90 per cent rise to ₹430.50, followed by Hindalco up 1.73 per cent at ₹916.55, Tata Steel gaining 1.69 per cent to ₹181.41, Asian Paints advancing 1.67 per cent to ₹2,872.80 and Trent up 1.59 per cent at ₹4,036.00.

On the losing side, Eicher Motors declined 1.57 per cent to ₹7,389.50, Bajaj Finance fell 1.31 per cent to ₹947.00, TMPV dropped 1.12 per cent to ₹350.20, Titan slipped 0.93 per cent to ₹4,162.90 and Infosys declined 0.92 per cent to ₹1,599.20.

Sectoral performance was mixed, with Nifty Bank gaining 199.35 points or 0.34 per cent to 59,441.95 and Nifty Financial Services rising 116.70 points or 0.43 per cent to 27,495.70. However, Nifty Midcap 100 fell 305.30 points or 0.51 per cent to 59,442.85, Nifty Smallcap 100 dropped 165.95 points or 0.96 per cent to 17,115.20 and Nifty Next 50 declined 193.05 points or 0.28 per cent to 68,299.15.

Market breadth remained weak, with 2,948 stocks declining against 1,235 advances on the BSE, while 506 stocks hit 52-week lows compared to 75 at 52-week highs. Foreign investors sold equities worth ₹3,367 crore on January 9, taking total January outflows to ₹8,807.8 crore, though domestic institutional buying of ₹3,701 crore provided support.

Published on January 12, 2026

Deutsche Bank AG’s India retail assets and wealth management have drawn binding bids from Kotak Mahindra Bank Ltd. and Federal Bank Ltd., according to people familiar with the matter, as the local lenders pounce on opportunities from foreign players seeking to exit the crowded banking market.

The suitors are in advanced discussions with Deutsche Bank for the assets, which are estimated to have a book size of at least $2.5 billion, the people said, asking not to be identified because the talks are private. Emirates NBD, which plans to buy a majority stake in RBL Bank Ltd., had shown interest in the portfolio, but later decided not to submit a bid, they said. 

Negotiations with Kotak, founded by billionaire Uday Kotak, and Blackstone Inc.-backed Federal Bank are ongoing and could still fall through, the people added. 

Deutsche Bank declined to comment. Kotak, Federal Bank Emirates NBD and RBL Bank didn’t respond to requests for comments.

The German lender’s assets up for grabs include mortgage loans, small business loans and wealth management, the people said. In 2018, Deutsche Bank reportedly called off talks to sell its retail and private wealth business to IndusInd Bank Ltd. as it didn’t get a price that justified selling the profitable unit.

The bank, which currently operates branches in 16 cities in India, has been narrowing its focus in recent years to focus on corporate banking and investment banking services for multinational and large domestic clients.

At the same time, Indian lenders are expanding their businesses to capture the boom in the country’s wealth management market, fueled by robust economic growth and rising deposits. A flurry of stake purchases in India’s banking sector by Japanese and other lenders is also highlighting the growing appetite for such assets. 

Acquiring Deutsche Bank’s assets would strengthen Kotak’s position as one of India’s leading banks in wealth and private banking. It has been selectively expanding its retail businesses across the industry, which has seen some consolidation. Kotak acquired Standard Chartered Bank’s personal loan portfolio in India in 2024, while smaller peer Axis Bank Ltd. completed the acquisition of Citigroup Inc.’s India consumer business in 2023.

For Federal Bank, a successful deal would accelerate its transformation from a regional lender to a national financial services player. The lender said last year that Blackstone will invest more than $700 million by buying warrants, making it the bank’s largest shareholder. 

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Published on January 12, 2026