Scan to Download
That's all for today folks. Some parting thoughts:
As the markets still await a conclusion in US-India trade deal, Indian exporters are worried about missing the US summer shopping season if they are unable to lock in orders in January. This will be the decisive month for sealing the trade pact so contracts can be secured for the first half of 2026.
Read how the lack of trade deal is affecting them.
Silver futures on the MCX fell on Wednesday by nearly Rs 8,000 to hit the day's low of 2,51,729. However, it recovered and as of 3:47 p.m it was trading 1.76% lower at Rs 2,54,249. The decline comes shortly after Peter McGuire, CEO of Trading.com Australia said silver's rally is unlikely to be linear and will see sharp pullbacks of 6–8% in a single day before renewed upward momentum.
Crude May Dip Below $50 By Year-End Due To Venezuela Crisis, Says Peter McGuireICICI Bank, Titan, TCS, HCLTech and Sun Pharma emerged as the top gainers for the day.
On the other hand, HDFC Bank, Maruti Suzuki, Bharti Airtel, SBI and Cipla were the worst performers of the Nifty 50 index.
In contrast broader indices ended in the positive. Nifty Midcap 150 ended 0.43% higher and Nifty Smallcap 250 closed 0.15% higher.
Most sectoral indices fell with Nifty Auto and Nifty Oil And Gas leading the decline, while Nifty IT and Nifty Pharma were among the gainers.
The market breadth was skewed in the favour of buyers, as 2,099 stocks declined, 2,073 advanced and 179 remained unchanged on the BSE.
Indian equities end lower for the third consecutive day.
Nifty that had fallen below the 26,100 level and Sensex that was down nearly 300 points saw some recovery towards the last leg.
Intraday, both Nifty and Sensex fell nearly 0.50%.
Nifty ends 37.95 points or 0.14% lower at 26,140.75.
Sensex ends 102.20 points or 0.12% down at 84,961.14.
Titan Company has launched its first lab-grown diamonds beYon and is framing this move as a play on consumer adoption and category growth, rather than simply a price substitute.
In a concall on Wednesday, Titan’s management pushed back against the idea that LGDs were already a big threat or a near‑term substitute for natural diamonds. They estimated the LGD market at under 2% of the overall diamond‑studded jewellery market, underscoring how small the segment still was in India at that point.
The management said it would like to focus on making pricing more attractive for consumers over margins.
Titan Bets On Lab-Grown Diamonds As Adoption Play, Not A Price SubstitutePharma stocks surged on Wednesday and here are a few reasons for the surge:
Two big reasons — Strong IPM Data and Demand
Alert: IPM: Indian Pharmaceutical Market
Gold prices growth 65% YoY
Robust jewellery growth over 40%
Same-store-sales-growth coming in strong
Studded mix started to pick up
International business picking up for Titan and Kalyan
Buyer growth is flat
Volume growth also flat
General Insurance Data for December
Go Digit General Insurance up 22% at Rs 777 crore.
ICICI Lombard General Insurance up 16% at Rs 2,277 crore.
The New India Assurance up 17% at Rs 5,071 crore.
Private Sector general Insurers up 15% at Rs 23,747 crore.
Stand Alone Health Insurers up 38% at Rs 4,260 crore.
Star Health & Allied Insurance up 24% at Rs 1712 crore.
Niva Bupa Health insurance up 52% Rs 805 crore.
Source: General Insurance Council
India’s white-collar job market ended 2025 on a firm footing. Hiring activity rising 13% year-on-year in December, making October-December the strongest quarter of the year with 9% growth, according to JobSpeak data released by Naukri.com.
The momentum was driven largely by non-IT sectors, signalling a broader recovery beyond technology after a year of uneven hiring.
Entry-level hiring also strengthened. Freshers with 0-3 years of experience saw an 18% rise in hiring, led by non-IT sectors such as insurance and hospitality.
2025 Hiring Ends On A High — Here Are The Non-IT Sectors Driving The ReboundIF you are wondering if this is the right time to make an entry in Kalyan Jewelers then here is what experts have to say:
Peter McGuire, CEO of Trading.com Australia highlighted strength across commodities in an interview with NDTV Profit. Copper has rallied sharply, rising around 20% since late November, and he expects prices to test the $14,000 level by the end of the month, with a broader range of $14,000–$15,000 over the first two quarters supported by heightened volatility.
Nifty fell 0.42% at 26,067.90 but pared losses to trade 0.35% lower at 26,087.75. Sensex was also down 0.52% to 84,617.49 before it pared losses to trade 0.34% lower at 84,771.12.
Maruti Suzuki shares fall the most since February 2025. The shares fell over 4% to Rs 16,524 per share.
Morgan Stanley is expecting a resurgence in Indian stock market in the near future, thanks to improving valuations and a turning growth cycle that could catch the broader market by surprise.
In his latest note, Morgan Stanley India's Managing Director Ridham Desai has outlined a bullish case for Indian markets, suggesting that it is poised for a sharp recovery after witnessing an elongated period of trailing performance.
Morgan Stanley suggests India's growth indicators are currently ahead of consensus estimates, which bodes well for the market, as it signals positive earnings revisions that, in turn, could boost investor sentiment.
Morgan Stanley's Ridham Desai Sees Bullish Turn For Indian Equities, Bets Big On Domestic RecoveryOver 1.23 million shares of ICICI Bank were traded via a block deal on Wednesday. The share of ICICI Bank rose as much as 1.21% to Rs 1,428.30 apiece.
Over 2.16 million shares of Emami were traded via a block deal on Wednesday. The share of Eternal rose as much as 1.72% to Rs 530.80 apiece.
Over 1.66 million shares of Eternal were traded via a block deal on Wednesday. The share of Eternal rose as much as 2.6% to Rs 286.30 apiece.
Nifty that was range bound near crucial level of 26,100 around 12: 30 p.m. fell below that level. The index was dragged by heavy weights like HDFC Bank.
Germany's Thyssenkrupp on Wednesday confirmed that the company is in confidential talks with Jindal Steel International and employee representatives regarding a possible sale of Steel business.
Thyssenkrupp In Confidential Talks With Jindal Steel International For Sale Of Steel BusinessIndian equities were trading lower on Wednesday, extending the decline for the third day.
Intraday, both Nifty and Sensex fell nearly 0.50%.
Nifty fell 0.31% at 26,096.65 but pared losses to trade 0.25% lower at 26,111.05 as of 12 p.m.
Sensex was down 0.52% to 84,617.49 before it pared losses to trade 0.25% lower at 84,851.70.
Broader indices were trading mixed. Nifty Midcap 150 rose 0.18%; Nifty Smallcap 250 was trading 0.12% lower.
Most sectoral indices fell, led by Nifty Auto and Nifty oil and gas. Nifty IT and gas and Nifty Pharma were trading higher.
Nifty Bank fell 0.33%, Nifty IT was up 1.35%.
ICICI Bank, Titan, Eternal, TCS and HCLTech were top Nifty gainers.
HDFC Bank, Bharti Airtel, Kotak Mahindra Bank. Cipla and Maruti were top Nifty losers.
Over 1.58 million shares of IDFC First Bank were traded via a block deal on Wednesday. The share of IDFC First Bank rose as much as 1.85% to Rs 86.30 apiece.
Over 6.01 million shares of HDFC Bank were traded via another block deal on Wednesday. The share of HDFC Bank fell as much as 1.55% to Rs 947.30 apiece.
Silver’s meteoric rally continued this week, propelling the white metal past Nvidia, albeit briefly, to claim the spot as the world’s second-largest asset by market capitalisation, behind only gold. Prices eased to $79 an ounce, but silver’s market value still crossed $4.48 trillion, underscoring the scale of its surge.
For perspective, here’s the hierarchy at the time of over-taking by market value:
Gold: $31.3 trillion
Silver: $4.57 trillion
Nvidia: $4.559 trillion
Apple: $3.89 trillion
Alphabet: $3.79 trillion
Balu Forge on Wednesday was locked in lower circuit after media reports claimed Income Tax Department was conducting searches at Balu Forge Industries.
The stocks were down 20% on Wednesday at Rs 465.30 per share.
Over 2.51 million shares of Ambuja Cement were traded via a block deal on Wednesday. The share of Ambuja Cement fell as much as 0.51% to Rs 560.65 apiece.
Shares of Indian Energy Exchange Ltd. (IEX) have once again surged in trade on Wednesday, extending the stock's upward momentum in the wake of the Appellate Tribunal for Electricity (APTEL) weighing the market coupling mandate.
The stock is currently trading at Rs 152.4, accounting for gains of around 2.5%. This is a continuation of Tuesday's rally, when the stock had gained as much as 10% in a late trade surge.
Over 1 million shares of Vishal Mega Mart were traded via a block deal on Wednesday. The share of Vishal Mega Mart fell as much as 1.64% to Rs 129.23 apiece.
Over 3.93 million shares of HDFC Bank were traded via a block deal on Wednesday. The share of HDFC Bank fell as much as 1.55% to Rs 947.30 apiece.
The shares of Senco Gold rose as much as 13.93% to Rs 368.40 apiece on Wednesday, highest level since Sept. 23. It pared gains to trade 11.89% higher at Rs 361.80 apiece, as of 9:56 a.m. This compares to a 0.24% decline in the NSE Nifty 50 Index.
It has fallen 37.08% in the last 12 months. Total traded volume so far in the day stood at 25.02 times its 30-day average. The relative strength index was at 56.34.
Out of six analysts tracking the company, three maintain a 'buy' rating and three recommend a 'hold,' according to Bloomberg data. The average 12-month consensus price target stands at Rs 463.17 indicating an upside of 32.1%.
Senco Gold Shares Hit Three-Month High After Strong Q3 UpdateShares of both Tata Technologies, Tata Elsxi and KPIT Technologies are buzzing in trade on Wednesday after JPMorgan issued a positive call on the entire auto ER&D space, citing demand revival.
Tata Tech leads gains and has surged up to almost 5% in trade on Wednesday while both KPIT and Tata Elxsi have surged more than 3.5%.
This comes after JPMorgan issued an upgrade on both Tata Tech and Tata Elxsi from 'underweight' to 'neutral'.
Read full story here.
Shares of Meesho Ltd are in focus today as its one-month shareholder lock-in period comes to an end. This will free up as many as 109.9 million shares of Meesho, or 2% of its outstanding equity for trading.
The e-commerce player's stock is currently locked in the lower circuit at 5%, with the price at Rs 173.13 apiece.
Meesho Shares Stuck In Lower Circuit As Shareholder Lock-In Expires Titan shares rose as much as 4.09% to Rs 4,280 apiece on Wednesday, hitting fresh life high. It pared gains to trade 3.31% higher at Rs 4,248 apiece, as of 9:39 a.m. This compares to a 0.08% decline in the NSE Nifty 50 Index.
It has risen 22.11% in the last 12 months. Total traded volume so far in the day stood at 1.31 times its 30-day average. The relative strength index was at 76.10, indicating it was in overbought territory.
Titan Shares Hit Life-High After Q3 UpdatesUnion Budget 2026–27 is expected to deepen the reform push across sectors
Deregulation and decriminalisation are set to be the two central themes of FY27 Union Budget
Emphasis expected on simpler registration and approval norms
FinMin examining multiple ministries/ department proposals to simplify rules and procedures
Routine inspections may be cut back, shifting to risk-based, tech-driven oversight.
Criminal action likely limited to serious offences, with most procedural lapses decriminalise
Reforms in FY27 expected across sectors aiming to boost productivity and economic efficiency.
FM Sitharaman to hold consultations with state finance ministers on Budget in next few days for Budget inputs
On NSE, nine out of 15 sectors were in the red. Nifty Fin Services and Nifty Auto lead the decline, while Nifty IT and Nifty Metal traded in the green.
However, broader markets were in the green, with the NSE Midcap 150 trading 0.37% higher and NSE Smallcap was trading 0.20% higher.
HDFC Bank, Bharti Airtel, L&T, Cipla, Bajaj Finance weighed on the Nifty 50 index.
Reliance Industries, Titan, HCLTech, TCS and ITC added to the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex opened lower on Wednesday extending decline for the third day. The Nifty 50 opened 0.14% lower at 26,143.10 and Sensex opened 0.52% down at 84,620.40.
At pre-open, the NSE Nifty 50 was trading 35.60 points or 0.14% lower at 26,143.10. The BSE Sensex was down 174.08 points at 84,889.26.
The auto ER&D pack will be on focus heading into trade on Wednesday after global brokerage firm JPMorgan issued key upgrades to Tata Technologies Ltd. and Tata Elxsi ahead of the third quarter earnings season.
The brokerage moved both companies from "Underweight" to "Neutral" and raised their price targets, citing easing global trade uncertainties.
JPMorgan has hiked the target price for Tata Technologies to Rs 710, up from Rs 570 while the target for Tata Elxsi was hiked from Rs 4,000 to Rs 4,800. The firm also remained 'overweight' on KPIT Technologies, with an unchanged price target of Rs 1,400.
Lab Grown Diamond is around 2-4% of studded market
We will continue to invest in natural diamonds
Our objective is to be a leader in both LGD and Natural diamond
We will add the next store in NCR
We are not focused only on metro cities
- India is under penetrated in terms of studded mix
- Pricing of LGD gives opportunity for us to get more customers for studded mix
- We always knew there was opportunity in LGD, we were not sure of how we will play around it
Source: Con call
Global brokerage firm Citi has reiterated Apollo Hospitals Enterprise Ltd. as a high-conviction buy, arguing that the recent stock correction has turned valuations attractive. The brokerage notes that Apollo's share price has already more than factored in near-term losses from new hospitals and the temporary disruption in patient inflows from Bangladesh.
The brokerage projects consolidated Ebitda CAGR of 23% over FY25–28E and maintains its 'buy' call, raising the target price to Rs 9,600 from Rs 9,330 earlier, indicating a 35.5% potential upside.
Read more here.
Jefferies has maintained its Buy rating on Reliance Industries Ltd. (RIL) and raised its target price to Rs 1,830 from Rs 1,785, rolling forward its valuation to March 2027. The brokerage believes the outlook for 2026 will be shaped by two key triggers, a tariff hike in telecom and the listing of Jio alongside a recovery in retail growth.
Reliance Industries Shares In Focus: Jefferies Hikes Target Price; Sees Jio IPO As Major Catalyst In 2026Kalyan Jewellers Q3 Business Update (YoY)
India operations revenue growth at 42%.
Revenue growth driven by strong festive demand.
Same-store sales growth at approximately 27%.
International operations revenue growth at 36%.
International markets contribution to consolidated revenue at around 11%.
Digital-first jewellery platform Candere records 147% revenue growth.
Total showrooms as of Dec. 31 at 469.
The Indian stock market indices extended losses on Tuesday to end lower on expiry day. Despite this, analysts project that the NSE Nifty 50 is likely to maintain a positive bias in the upcoming sessions.
"From a technical standpoint, Nifty continues to hold above the breakout zone and remains above key short-term moving averages, thereby maintaining a positive bias," said Rajesh Bhosale, equity technical analyst at Angel One.
Click here for the support and resistance levels of the day.
Nifty January futures down by 0.19% to 26285 at a premium of 108 points.
Nifty January futures open interest up by 1.58%.
Nifty Options on Jan 6: Maximum Call open interest at 26200 and Maximum Put open interest at 26,150.
Securities in ban period: SAIL and Sammaan Capital
The US Dollar index is down 0.07% at 98.272.
Euro was up 0.09% at 1.1700.
Pound was up 0.05% at 1.3508.
Yen was up 0.05% at 156.71.
US equities closed at fresh highs Tuesday, extending gains on investor confidence in artificial intelligence and expectations of easier monetary policy from the Federal Reserve.
The S&P 500 rose 0.6%, surpassing its previous closing peak from late December. The tech-heavy Nasdaq 100 advanced 0.9%, while the small-cap Russell 2000 jumped 1.4%.
S&P 500 futures were unchanged as of 9:13 a.m. Tokyo time
Hang Seng futures fell 0.1%
Japan’s Topix fell 0.5%
Australia’s S&P/ASX 200 rose 0.2%
Euro Stoxx 50 futures rose 0.2%
Asian equities, off to their strongest-ever start to a year, eased on Wednesday as Japanese shares declined amid rising tensions with China.
The Nikkei 225 fell 0.4% at the open, pulling the MSCI Asia Pacific Index lower after four consecutive days of gains. The yen weakened slightly against the dollar. Futures also pointed to a softer open for Hong Kong stocks, following a 0.6% rise in the S&P 500 overnight that pushed it to a new closing record.
Asian Stock Rally Eases As Japan Slips, Oil Falls: Markets WrapGood morning readers.
The GIFT Nifty was trading near 26,200 early on Wednesday. The futures contract based on the benchmark Nifty 50 fell 0.26% at 26,208.5 as of 6:49 a.m. indicating a negative start for the Indian markets. This comes as the Asian markets took a breather after four days of gains.
In the previous session on Tuesday, the benchmark ended lower. The NSE Nifty 50 ended 71.60 points or 0.27% lower at 26,178.70, while the BSE Sensex closed 376.28 points or 0.44% lower at 85,063.34.
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
