KEY HIGHLIGHTS
Good Day And Happy Weekend
That's all for today and for the week folks. We will catch up again on Monday when the Earnings Season begins with IT major TCS and HCLTech announcing their third quarter results.
Check the dates for IT earnings here.
Nifty, Sensex Weekly
Nifty falls over 2.5% for this week, logging its worst week since the week ended Sept. 22.
Sensex was down 2.5% and also posted the worst week since Sept. 22.
Trent & Reliance Industries fall the most in Nifty
Trent falls nearly 10% for the week.
Broader Markets snaps two week gaining streak
Mahindra & Mahindra Finance, HPCL fall the most in Nifty midcap 150
Mahindra & Mahindra Finance fall over 13% for the week
Broader Markets remain under pressure for the week
Elecon engineering fall over 16% for the week; top loser in Nifty smallcap 250
Nifty Oil & Gas fall over 5% for the week.
HPCL & Reliance Industries fall the most in Nifty Oil & Gas
All sectoral Indices close lower for the week
Nifty Oil & Gas & Metals snaps 2-week gaining streak
Nifty IT falls for the three-week in a row
Nifty, Sensex Live Today: ICICI Bank, HDFC Bank Lead Decline
RIL, Asian Paints, HCLTech, ONGC and BEL emerged as the top gainers for the day.
On the other hand, ICICI Bank, HDFC Bank, Bharti Airtel, M&M and NTPC were the worst performers of the Nifty 50 index.
Nifty, Sensex Live Today: Nifty Realty, Nifty Auto Lead Decline
Broader indices also ended in the negative. Nifty Midcap 150 ended 0.88% lower and Nifty Smallcap 250 closed 1.70% lower.
Most sectoral indices fell with Nifty Realty and Nifty Auto leading the decline, Nifty Oil and Gas, Nifty IT and Nifty PSU Banks were among the gainers.
The market breadth was skewed in the favour of sellers, as 3,098 stocks declined, 1,067 advanced and 189 remained unchanged on the BSE.
Stock Market At Closing
Indian equities end lower for the fifth consecutive day. Nifty had fallen below the 25,700 levels.
Intraday, both Nifty and Sensex fell nearly 1%.
Nifty ends 193.55 points or 0.75% lower at 25,683.30.
Sensex ends 604.72 points or 0.72% down at 83,576.24.
Stock Market LIVE: IEX Issues Clarification
Stock movement due to public info on APTEL hearing
No order regarding market coupling passed by APTEL
Source: Exchange filing
Stock Market LIVE: Nifty, Sensex At Day's Lows
Markets at day's low
Majority sectors trading in the red
Nifty IT trades flat ahead of Q3 earnings
Realty cracks over 2%; Godrej Properties, DLF drag the gains
Tanfac Industries To Invest Rs 495 Crore For Chemical Manufacturing Facility
Tanfac Industries to establish chemical manufacturing facility In Tamil Nadu.
Will invest Rs 495 crore for 20,000 TPA Tamil Nadu Unit.
Will also raise Rs 500 crore via QIP and other modes.
In addition the board approves splitting each share into two.
Source: Exchange Filing
Vodafone Idea Shares In Focus
Vodafone Idea shares were in focus on Friday after Bloomberg reported that the telecom company is said to be considering raising debt to boost growth. The company is reportedly seeking local and global banks financing. In addition, sources told Bloomberg that Tillman Global Holdings is still interested in investment.
Ashok Leyland Shares Rally With New EV Manufacturing Plant Inauguration In Lucknow
Shares of Ashok Leyland are zooming in trade after they inaugurated a new electric vehicle manufacturing plant in Lucknow, in a push to their electric mobility space.
The shares of Ashok Leyland Ltd are up over 2.66%, are trading at Rs 189.25. The stock is up over 76.48% in the last 12 months.
Of the 45 analysts tracked by Bloomberg, who have coverage on this stock, 33 analysts have a 'buy' call on it. Nine analysts have a 'hold' view, and three have a 'sell' stance on it.
IEX Share Price In Focus: What Nomura Has To Say
Judge again and again repeated, CERC is not bound by a staff paper
IEX cannot challenge the right of CERC to make a regulation despite the staff paper
Negative for IEX
IEX can still correct in a big way, says Nuvama
Nifty Slips Below 25,700, Sensex Falls Nearly 700 Points
The Sensex and the Nifty 50 extended losses for the fifth consecutive session on Friday ahead of US courts decision on President Donald Trump's tariffs.
Nifty fell below 25,700, while Sensex was down nearly 700 points. The broader segment of the market was also in the negative, with the Nifty Midcap 100 falling 0.39% and Smallcap 250 index down 0.94%.
Nifty 50 fell nearly 1% lower to 25,665.15, while Sensex was down 0.80% to 83,506.79.
IEX Hearing Update
The Indian Energy Exchange's next hearing is scheduled for Jan. 19. APTEL has ordered CERC to reply on the actions taken on erroring officials, and Grid India is also to file a reply.
NMDC Share Price In Focus: What Nuvama Has To Say
NMDC raises iron ore price by approx Rs 50/t, as per our calculation
NMDC now released prices which are exclusive of royalty, dmf, nmet,cess, forest permit fee etc
Earlier, NMDC used to report prices inclusive of royalty, dmf, nmet
Sensex, Nifty Today: Stock Market Watch 12 PM
Indian equities were trading lower on Friday, extending the decline for the fifth day.
Intraday, both Nifty and Sensex fell nearly 0.60%.
Nifty fell 0.49% at 25,753 as of 12 p.m.
Sensex was down 0.50% to 83,756.36.
Broader indices were trading lower. Nifty Midcap 150 fell 0.35%; Nifty Smallcap 250 was trading 0.81% lower.
Most sectoral indices fell, led by Nifty Realty and Nifty FMCG. Nifty PSU Bank and Nifty Defence led the gains
Nifty Bank fell 0.55%, Nifty IT was up 0.34%.
Eternal, SBI, HCLTech, Asian Paints and BEL were top Nifty gainers.
ICICI Bank, HDF Bank, Axis Bank, ITC and Bharti Airtel were top Nifty losers.
Nifty Live Today: NMDC Shares In Focus
NMDC shares fell nearly 3% after Baila Fines Iron Ore price was revised to Rs 3,900 per tonne.
Revises Baila Fines Iron Ore Price To `3,900/Tn
Revises Baila Lump Iron Ore Price To `4,600/Tn
Revises Iron Ore Prices Effective Today
Price Revision Effective Today Excludes Royalties
Source: Exchange Filing
IEX Shares In Focus
Kapil Sibal for IEX
CERC has powers to make regulation, no one can stop them
Grid India had raised concern on timelines for doing shadow pilot on market coupling
Grid India submitted a report on 16th January 2025
Grid India highlighted all the challenges
Grid India on 30th June submitted the final report
Grid India filed the report on 4 months historical data instead of 29 months
Nothing was shared with us
Ola Electric Shares In Focus
Softbank Fund Sells 2.15% Stake From Sept 2025 to Jan 2026
Softbank Fund's stake in co now at 13.53%
After this the shares of Ola Electric shares have fallen over 2%.
Bharat Coking Coal IPO GMP
As the Bharat Coking Coal IPO gets fully subscribed on Friday, its latest grey market premium rose to Rs 9.4, according to Investorsgain website. The GMP indicates a listing price of Rs 32.4 apiece, which means upon listing, ICICI Prudential AMC may offer 40.87% additional gains to investors.
Note: GMP does not represent official data and is based on speculation.
AMFI Data: SIP Inflows In December Rose To Record High
SIP inflows in December rose to record high of Rs 31,002 crore.
Elecon Engineering Shares In Focus
Shares of Elecon Engineering Co Ltd. plunged over 13% with the stock hitting a nine-month low on Friday as the markets opened. The stock is currently trading at Rs 440.20.
Elecon Engineering posted its weakest revenue growth in six quarters, with margins under pressure. The company reported a sharp contraction of 720 basis points in EBIT margin, impacted by flat revenue, higher employee costs, and an unfavourable product mix.
Overseas operations were hit by geopolitical challenges, while gear segment revenue remained flat due to delayed order inflows.
IEX Shares In Focus As Hearing Continues
While the IEX hearing continues lets understand what is Market Coupling?
Market coupling is a framework where buy and sell bids from all power exchanges—such as IEX, PXIL, and HPX—are to be aggregated and cleared under a single market clearing price (MCP). This contrasts with the current setup where each exchange sets its own prices.
If approved, it will be a major regulatory shift in the Day-Ahead Market (DAM) mechanism, aimed at centralising electricity price discovery across India’s multiple power exchanges.
AMFI Data: Net Outflow At Rs 66,591 Crore
MF Industry net outflow at Rs 66,591 crore versus inflow of Rs 32,755 crore in November.
MF Industry net AUM at Rs 80.2 lakh crore versus Rs 80.8lakh crore (MoM).
Active Equity Fund Inflow at Rs 28,054 crore versus Rs 29,911 crore inflow in November.
Mid-Cap inflows at Rs 4,176 crore versus Rs 4,487 crore.
Small-Cap Inflows at Rs 3,824 crore versus Rs 4,407 crore.
Large-Cap Inflows at Rs 1,567 crore versus Rs 1,640 crore.
Flexi-Cap Inflows at Rs 10,019 crore versus Rs 8,135 crore.
Sectoral/Thematic Inflows at Rs 946 crore versus Rs 1,865 crore.
Gold ETF Inflow at Rs 11,647 crore versus Rs 3,742 crore.
NFO Inflows at Rs 4,074 crore versus Rs 3,126 crore.
IEX Share Price Live: CERC Seeks Time To Reply By Monday
CERC seeks time to reply by Monday as the APTEL bench begins hearing. The shares of IEX gained over 1% after it slumped over 5%.
IEX Share Price Live: Shares Recover After Slump
The shares of IEX saw recovery after CERC announcement on the market coupling case. The CERC will be passing an directive instead of an order, making this a benefit for the company.
IEX Shares In Focus
IEX shares are in focus on Friday as they fall over 5% as the Electricity Apellate Tribunal (APTEL) is set to hear the market coupling case today.
Bharat Coking Coal IPO Fully Subscribed On Day 1
Gets Fully Subscribed On Day 1, NIIs In Lead
Day 1: NII Subscription At 1.9x As Of 10:24 AM
Day 1: Retail Subscription At 1.4x As Of 10:24 AM
Waaree Renewable Shares In Focus
Waaree Renewables shares have fallen over 4% on Friday after it receive a revised letter of award, reducing the project value of Rs 213 crore. The scrip fell as much as 4.12% to Rs 889.29 apiece on Friday, lowest level since April 11. It pared gains to trade 2.33% lower at Rs 906.30 apiece, as of 10:17 a.m. This compares to a 0.08% decline in the NSE Nifty 50 Index.
It has fallen 27.61% in the last 12 months and 6.33% year-to-date. Total traded volume so far in the day stood at 0.54 times its 30-day average. The relative strength index was at 34.49.
HDFC Bank Shares In Focus
HDFC Bank shares were in focus on Friday after 1.55 million shares were traded in block deal. The shares extended decline for the fifth consecutive session dragging the Nifty index.
The scrip fell as much as 0.57% to Rs 941.35 apiece on Friday, highest level since Sept. 29. It pared gains to trade 0.37% lower at Rs 943.20 apiece, as of 9:59 a.m. This compares to a 0.05% advance in the NSE Nifty 50 Index.
It has fallen 43.44% in the last 12 months and 4.83% year-to-date. Total traded volume so far in the day stood at 2.15 times its 30-day average. The relative strength index was at 45.07.
BHEL Shares In Focus
BHEL shares were in focus on Friday after brokerages are turning cautious on India’s power capital goods space as reports suggest the government may scrap the five-year-old curbs on Chinese companies bidding for government contracts. However, the company reversed its previous losses.
The scrip rose as much as 4.84% to Rs 284.90 apiece on Friday, highest level since Jan. 8. It pared gains to trade 4.25% higher at Rs 283.95 apiece, as of 9:51 a.m. This compares to a 0.03% decline in the NSE Nifty 50 Index.
It has risen 27.7% in the last 12 months and fallen 3.84% year-to-date. Total traded volume so far in the day stood at 2.15 times its 30-day average. The relative strength index was at 26.81, indicating it was oversold.
Eternal Share Price Update: Large Trade In Stock
Over 5.3 million shares of Eternal were traded via a block deal on Thursday. The share of Eternal rose as much as 3.05% to Rs 292.20 apiece.
Amid 500% Tariff Fears Important To See What Gets Included
MK Surana, Former CMD HPCL in an interview with
Even if the 500% tariff gets implemented, it will be necessary to see what items are getting included and excluded
Even with 50% tariffs, exports are increasing
The oil market continues to remain oversupplied
Expect crude prices to continue to hover around $60-65/bbl
Some PSU refineries can process the oil from Venezuela
Nifty, Sensex Live Updates Today: Markets Decline After Brief Gains
The markets fell after a brief period of gains. The Nifty 50 was trading 0.13% lower at 25,844.45 after it rose as much as 0.25% in the last trading session of this week. Sensex was also trading 0.13% lower as of 9:30 a.m. after it rose 0.27% in the volatile trading session. The 25,800 mark becomes crucial for the index, as it has not closed below that level since Dec. 10.
Nifty, Sensex Live Updates: Nifty Media, Nifty Realty Lead Decline
On NSE, eight out of 15 sectors were in the red. Nifty Media and Nifty Realty lead the decline, while Nifty Defence and Nifty Oil and Gas were among the sectors in green.
However, broader markets were in the red, with the NSE Midcap 150 trading 0.33% lower and NSE Smallcap was trading 0.87% lower.
Nifty 50 Live Today: L&T, BEL Lead Gains, While ICICI Bank, HDFC Bank Drag
ICICI Bank, HDFC Bank, ITC, NTPC and Shriram Finance weighed on the Nifty 50 index.
L&T, BEL, RIL, Bharti Airtel and HCLTech added to the Nifty 50 index.
Stock Market Live Updates: Nifty Above 25,900, Sensex Gains 200 Points
The NSE Nifty 50 and BSE Sensex opened lower on Thursday extending decline for the fifth day. The Nifty 50 opened 0.14% lower at 25,840.40 and Sensex opened 0.19% down at 84,022.09. However, minutes after open the Nifty rose below 25,900 to recover and trade 0.23% higher, Sensex was also trading over 200 points higher.
Stock Market Live Updates: Nifty, Sensex Decline In Pre-Open
At pre-open, the NSE Nifty 50 was trading 36.45 points or 0.14% lower at 25,840.40. The BSE Sensex was down 158.87 points at 84,022.09.
Nifty May Touch 28,500 By Year End, Says Citi
Citi expects operating income growth of around 11% across its coverage universe in the third quarter of fiscal 2025, driven by a mixed but improving recovery in consumption, accelerating loan growth in financials, benefits of rupee depreciation for IT services, steady momentum in capital goods and reasonable growth in the typically volatile commodities space as per its latest note.
The brokerage has set a Nifty December 2026 target of 28,500, valuing the index at 20x one-year forward P/E.
Check the brokerage's sectoral picks here.
Vodafone Idea Receives Communication On AGR Dues
Vodafone Idea receives DoT communication on AGR dues; payments capped at Rs 124 crore annually for six years, with staggered repayment plan through 2041.
Source: Exchange Filing
BHEL Most At Risk If Curbs On Chinese Power Equipment Suppliers Ease, Say Brokerages
Brokerages are turning cautious on India’s power capital goods space as reports suggest the government may scrap the five-year-old curbs on Chinese companies bidding for government contracts. Stocks such as BHEL, L&T and Siemens are seen at the centre of this debate, as easing restrictions could reshape competition, pricing and execution timelines across power generation and transmission projects.
For investors, brokerages agree that while easing restrictions could pressure certain domestic equipment players like BHEL, it could also lower costs, accelerate execution and support India’s long-term power capacity goals.
Read what brokerages have to say here.
Gold Price Check
Gold prices dropped across major Indian cities on Friday, Jan. 9, 2026, Gold pressured by a strong US dollar and reduced safe-haven demand.
Today, the yellow metal is trading at Rs 137,930 while the white metal is at Rs 2,42,940, according to Bullions website.
Bullion was near $4,465 an ounce, having risen 3.4% in the week through Thursday, and was facing some downward pressure after US initial jobless claims came in slightly lower than expected for the week ending Jan. 3.
Stock Market News Live: Global Cues To Watch
Dow Jones continue momentum, as Nasdaq slips
Rotation seen from tech stocks to other sectors
Mixed cues from Asian markets
Trump orders US government to buy $200bn in mortgage bonds
US trade gap lowest since June 2009
Dollar Index hits highest level since Dec 10
Oil futures extend gain to $62/bbl-Trump threat to Iran
Silver, Gold, Copper-continue sell-off
Rio Tintoi in talks to buy Glencore to create world’s largest mining
Nifty Today: What F&O Cues Indicate
Nifty January futures down by 1.03% to 25985 at a premium of 108 points.
Nifty January futures open interest up by 15.55%.
Nifty Options on Jan 13: Maximum Call open interest at 16200 and Maximum Put open interest at 25500.
Securities in ban period: SAIL and Sammaan Capital.
Dollar Check
The US Dollar index is up 0.09% at 98.712.
Euro was down 0.08% at 1.1649.
Pound was down 0.03% at 1.3430.
Yen was up 0.20% at 157.09.
Stock Market News Live: Global Check
Asian stocks opened slightly higher after their first two-day decline of the year, as investors awaited Friday’s US payrolls data and a potential Supreme Court decision on President Donald Trump’s tariff policies. Equities rose in Japan and Australia, while South Korea underperformed.
S&P 500 futures were unchanged as of 10:07 a.m. Tokyo time
Japan’s Topix rose 0.3%
Australia’s S&P/ASX 200 rose 0.3%
Euro Stoxx 50 futures fell 0.4%
Stock Market Live Update: GIFT Nifty Hints At Positive Opening
Good morning readers.
The GIFT Nifty was trading near 26,017 early on Thursday. The futures contract based on the benchmark Nifty 50 rose 0.12% at 26,000 as of 6:47 a.m. indicating a positive start for the Indian markets. This comes as the Asian markets gained modestly at the open.
In the previous session on Thursday, the benchmark ended lower for the fourth consecutive session. The NSE Nifty 50 ended 263.90 points or 1.01% lower at 25,876.85, while the BSE Sensex closed 780.18 points or 0.92% lower at 84,180.96.
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