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Nifty hit an all time high
Benchmarks gain for the 3rd consecutive day
Nifty Realty and Metal lead the gains in Nifty
Coal India and NTPC gain the most in Nifty
Cola India gain over 7%; top gainer in Nifty
All sectoral indices gain in trade barring Nifty FMCG
Broader market indices close higher in trade
SJVN and IDBI bank gain the most in Nifty Midcap 150
SJVN and IDBI bank gain over 10% in Trade
JBM Auto and Anant Raj gain the most in Nifty smallcap 250
Godrej Properties and Raymond gain the most in Nifty Realty
NACL and Hindustan Copper gain the most in Nifty Metal
Govt likely to invite Financial bids for IDBI Bank Within A week
Inter-Ministerial Group clears bidding process
Final draft of the Share Purchase Agreement approved
Invitation for financial bids could be uploaded on the DIPAM website shortly
Alert: IMG includes secretaries from DIPAM and the Department of Financial Services
Alert: SPA details buyer obligations, transfer of management control, and post-sale responsibilities
Source: People in the know
Shriram Finance, Hindalco Industries and Coal India gain the most since last all time high
Shriram Finance gain over 18% from last all time high
Nalco, Vodafone Idea and Ashok Leyland gain the most in Nifty Midcap since last all time high
Hindustan Copper gain over 59% from last all time high
Strong momentum in Nifty metals
Nifty metals gains for fourth consecutive session
Rally fueled by Domestic safeguard duties, robust commodity prices
39 out of 50 Nifty stocks trade in green
Nifty Auto gaining for fourth consecutive session post strong December sales numbers
Upgrade to Buy from Hold; Hike target price to Rs 3,340 from Rs 3,120
Higher exposure to BFSI segment
BFSI sector to see robust performance
Strong deal wins to support growth
Loss of large client is now fully factored in
Minutes before closing bell, the Nifty 50 hit a new all time high of 26,332.15.
IDBI Bank, SJVN, Coal India stock prices are up 9.58%, 11.16% and 6.87%, as we get closer to the closing bell.
Zodiac Energy signs MoA with Amanta Healthcare to install 10.8 MWp solar power plant.
Source: Exchange Filing
Shares of Karnataka Bank slip over 4% in trade on Friday.
Shares of Cupid are stuck in a 20% lower circuit on Friday, snapping a 13-day winning streak.
Chinese electric vehicle maker BYD on Friday announced an increase in price of the premium variant of its SUV, SEALION 7, in India by Rs 50,000, citing evolving cost dynamics.
Source: PTI
For Indian markets, 2025 was forgettable, but mainly humbling. While global emerging markets surged nearly 30%, India barely broke even in dollar terms. According to Anand Shah, that underperformance may finally have done something useful — it reset expectations. "One of the biggest issues earlier was the valuation premium India traded at," Shah said. "To that extent, valuations are not so much of an issue anymore."
Read the full story here.
Nifty just 25 points away from its all time high
Bank Nifty at record high
Nifty Metals at record high
Nifty gains for the third consecutive day
Nifty Auto and Realty lead the pack in Nifty
10 out of 12 nifty bank stocks trades in green
NACL, Hindalco and Hindustan Copper lead the gains in Nifty Metal
Tata Steel has 1.01 million shares traded in a block deal on Friday. Shares of the company are trading 0.13% higher at Rs 182.12 apiece.
NTPC is exploring multiple international collaborations in the area of technology and fuel to push its nuclear ambitions to diversify energy generation.
Source: PTI
2026 lacks a single dominant theme
India market outlook turns more measured—positive returns expected, but upside is capped
Downgraded India from Selective Buy to Neutral, as policy levers are largely exhausted and real GDP growth is near peak
Nifty target set at 28,100, implying a high single-digit return of 7.5% for 2026
Room for large returns remains limited despite assuming 13.5% earnings CAGR (FY26–FY28) and a 19x PE on FY28E
Volatility to remain elevated, driven by geopolitics and policy uncertainty
US trade treaty could trigger a sharp rally, but gains are expected to fade amid continued policy flux
In a low headline-return environment, laggard trades tend to work better
Mid-caps remain Neutral; while domestic flows stay strong, heavy IPOs and stake sales cap valuation expansion
Sector stance:
Overweight: Financials, Telecom, Select Consumption (Discretionary), Real Estate (new OW)
Modest Overweight: IT (after underperformance in 2025)
Equal-weight: Consumer Staples (downgraded), Metals, Healthcare, Utilities
Underweight: Industrials
Coal India permits coal consumers from Bangladesh, Bhutan, and Nepal to directly participate in Single Window Mode Agnostic (SWMA) auctions.
Source: Exchange Filing
Auto and metal stocks lead the rally
FMCG sector witnessing selling pressure
Nifty less than 50 points away from record high levels
Sambhv Steel Q3 Business Update (YoY)
Total Sales up 34% At 97,472 Units
Intermediate Product Sales down 60% at 6,860 Units
Value Added Product Sales up 63.5% at 90,612 Units
Shares are currently trading 0.78% lower at Rs 95.38 apiece.
BHEL shares were in focus on Friday after it received a tax demand of Rs 184 crore from Telengana Tax authority.
India’s capital-expenditure cycle is showing fresh strength, and Jefferies believes the industrials theme could stay in focus despite a soft start to 2025.
The brokerage notes that while industrial stocks opened 2025 on a weak footing, sentiment turned after the Union Budget signalled moderating — not declining — capex growth. As companies delivered better-than-expected earnings, several names retraced or surpassed their 2024 highs. Jefferies now expects infra and industrial capex to clock 10% CAGR over FY26E–29, compared with around 6% in FY24–26.
Industrials Poised For Next Upcycle, Says Jefferies, Backs Power And Defence Plays — Check Stock PicksHSBC India Manufacturing PMI at 55 versus 56.6 in November.
HSBC India Manufacturing PMI off 55 lowest in two years.
The shares of L&T were in focus after it won an order worth Rs 5,000-10,000 crore for minerals and metals business from SAIL and other customers.
The order is for engineering projects and products.
Olectra GreenTech management revises delivery guidance on Friday. Watch what MD Mahesh Babu told NDTV Profit.
#OlectraGreentech MD Mahesh Babu revises delivery guidance, lowers to 1500-2000 units from 2000-2500 units.@Maheshsbabu @OlectraOfficial @Heeraal pic.twitter.com/4ewzMeLX0p
— NDTV Profit (@NDTVProfitIndia) January 2, 2026
Ola Electric Ltd. is in focus after it reported a sharp uptick in market share in December. The EV player's shares are trading over 8%, with the price at Rs 40.63 apiece.
As per the company, the uptick in market share is driven by its service transformation programme and improved customer experience.
Ola Electric Shares At 1-Month High, Up 8% — Here's WhyThe shares of GAIL India were in focus on Friday after 1 million shares changed hands on Friday. The stock was trading nearly 1% higher at Rs 172.92 apiece.
Auto stocks were in focus on Friday after the auto giants posted strong December sales numbers. While Force Motors rose 5%, Hero MotoCorp was up 3.22%, Ola Electric was up 6.34% and TVS Motor was up 2.72%. In contrast, Bajaj Auto was down 2.59%.
The shares of Bansal Wires rose over 7% on Friday after its third quarter sales volume rises 32% year-on-year.
Cigarette stocks are trading under pressure in today's trade. ITC Ltd's shares are plunging nearly 5%, Godfrey Phillips India Ltd and VST Industries Ltd are down over 2%. The downtick is because starting February 1, smokers will have to shell out more for their puff.
ITC, Godfrey Phillips And Other Cigarette Stocks Under Pressure Today On Higher Excise DutiesThe share price of Devyani International rose 8% on Friday after the announcement of the company's merger with Sapphire Foods, the franchise operator of Yum! Brands' restaurants, KFC and Pizza Hut, while Sapphire Foods share price dropped by 3%.
Strong momentum in Nifty metals
Nifty metals gains for fourth consecutive session
Nifty metal Index gains 5% in last 4 trading sessions
Rally fueled by Domestic safeguard duties, Robust commodity prices
Third consecutive day of gains for Nifty
Nifty hovering around 26200 mark
Last time Nifty crossed 26200 mark was on 24 Dec 2025
Nifty making third attempt in Past 1 month to close above 26200 mark
Nifty Auto gaining for fourth consecutive session post strong December sales numbers
After falling nearly 10% on Thursday, shares of ITC Ltd. are under pressure once again on Friday, trading with cuts of almost 4%, following the government's announcement of higher excise duty on cigarettes.
The stock is currently trading at Rs 349, reaching an intraday low of Rs 345. This compares to Thursday's closing price of Rs 363. On a 12-month basis, the stock has fallen as much as 28%, though a large part of it is led by the recent drawdown.
On NSE, 11 out of 15 sectors were in the green. Nifty PSU Bank and Nifty Auto lead the advance, while Nifty FMCG and Nifty Pharma traded in red.
However, broader markets were in the green, with the NSE Midcap 150 trading 0.24% higher and NSE Smallcap was trading 0.15% higher.
ITC, Titan, Bajaj Auto, Dr. Reddy's and HCLTech weighed on the Nifty 50 index.
HDFC Bank, Reliance Industries, M&M, ICICI Bank and Maruti Suzuki added to the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex opened flat on Friday. The Nifty 50 opened 0.03% higher at 26,155.10 and Sensex opened 0.08% up at 85,259.36. However, minutes after open the markets rose with Nifty rising 0.13% and Sensex gaining 0.14%.
At pre-open, the NSE Nifty 50 was trading 8.55 points or 0.03% higher at 26,155.10. The BSE Sensex was up 0.08 points at 85,257.52.
Bajaj Auto December Auto Sales (Year-on-Year)
Total sales rise 14% to 3.7 lakh units.
Exports up 25% at 2 lakh units.
Domestic sales rise 4% at 1.7 lakh units.
CV sales rise 17% to 59,456 units.
2-Wheeler Sales up 14% at 3.1 lakh units.
The Indian equity markets kicked off the first trading session of 2026 on a cautious and consolidative note, with the NSE Nifty 50 managing to extend its winning streak for the second consecutive day.
A fresh uptrend rally is expected only after the dismissal of the 26,200–26,234 zone. Shrikant Chouhan notes that a breakout above this level could push the market toward 26,300–26,350. Aakash Shah of Choice Broking places immediate resistance in the 26,250–26,300 range.
Trade Setup For Jan. 2: Nifty Consolidates Gains; Bulls Eye 26,200 BreakoutBrokerages have offered mixed views on Devyani International Ltd., (DIL), one of India’s largest and fastest-growing quick service restaurant (QSR) operators, as the merger with Sapphire Foods promise significant scale and synergies.
JPMorgan welcomed the merger as a strategic move, saying that synergistic benefits will accrue with a lag. The brokerage expects economies of scale, a simplified structure, cost savings, and faster decision-making to help Devyani compete more effectively.
Read what other brokerages have to say here.
A slew of brokerages have come out with notes on ITC after the FMCG giant endured its worst session in six years on Thursday, falling almost 10% after the government announced fresh excise duty on cigarettes.
From Feb. 1 onwards, cigarettes are set to attract a tax of 40%, which serves as a major blow for ITC, where the cigarette division serves as a key revenue driver.
In the wake of ITC's sharp fall on Thursday, a slew of brokerages have cut target price on the FMCG counter.
Read more here.
Orient Technologies Ltd. will be on the market radar on Friday as it marks the last session for investors to buy shares to qualify for the bonus issue of shares ahead of the record date.
The IT company will give one free bonus equity share of face value of Rs 1 each for every 10 fully paid-up equity share held. The record date for determining the eligible shareholders to receive bonus equity shares is Monday, Jan. 5.
Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible. This means that purchases made on the record date itself will not reflect in the demat account in time.
Orient Technologies Bonus Issue: Last Day To Buy Shares To Qualify Before Record Date — Check DetailsNifty January futures down by 0.02% to 26,291 at a premium of 145 points.
Nifty January futures open interest down by 0.16%.
Nifty Options on Jan 6: Maximum Call open interest at 26,000 and Maximum Put open interest at 26,200.
Futures for the S&P 500 and the Nasdaq 100 indexes rose 0.2%, while Australian shares edged up. Trading is likely to be thin across Asia with several markets shut, including China.
S&P 500 futures rose 0.1% as of 9:43 a.m. Tokyo time
Australia’s S&P/ASX 200 was little changed
Good morning readers.
The GIFT Nifty was trading above 26,300 early on Friday indicating that Nifty could open in the green. The futures contract based on the benchmark Nifty 50 rose 0.09% at 26,313 as of 6:49 a.m. indicating a positive start for the Indian markets.
In the previous session on Thursday, the benchmark ended mixed. The NSE Nifty 50 ended 16.95 points or 0.06% higher at 26,146.55, while the BSE Sensex closed 32 points or 0.04% lower at 85,188.60.
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