BSE SMALLCAP SELECT

Sensex and Nifty likely to open higher, tracking gains in GIFT Nifty., Asian and US equities rose, while US bond yields and dollar index remained flat., FIIs continued selling, DIIs were net buyers in the previous session.

* Sensex and Nifty likely to open higher, tracking gains in GIFT Nifty.
* Asian and US equities rose, while US bond yields and dollar index remained flat.
* FIIs continued selling, DIIs were net buyers in the previous session.

Sensex and Nifty are expected to open higher on January 13, following gains in GIFT Nifty and positive global cues. Asian and US equities rose, oil prices edged up, and FIIs continued selling while DIIs remained net buyers in Indian markets.

shorts/business/first-tick-top-global-cues-to-watch-in-today-s-trade-78

Indian benchmark indices, Sensex and Nifty, are likely to open on a positive note on January 13, with cues coming from GIFT Nifty, which was trading higher at around 25,924.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

Indian equity benchmarks ended in the green in a volatile session on January 12, snapping a five-day losing streak, with the Nifty closing near 25,800 after an intraday recovery to settle near the day’s high.

At close, the Sensex was up 301.93 points or 0.36 percent at 83,878.17, and the Nifty was up 106.95 points or 0.42 percent at 25,790.25.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Up)

The GIFT Nifty is trading higher at around 25,924, indicating a positive start for the day.

Asian Equities (Rise)

Asian shares climbed to near a record, buoyed by optimism over earnings and regional economic growth as investors broadened their focus beyond US markets.



US Equities (Gain)

The ​S&amp;amp;P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart ‌gaining, as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell.

The Dow Jones Industrial Average rose 86.13 points, or 0.17%, to 49,590.20, the S&amp;amp;P 500 gained 10.99 points, or 0.16%, to 6,977.27, and the Nasdaq Composite gained 62.56 points, or 0.26%, to 23,733.90.



US Bond Yield (Flat)

The yield on 10-year Treasuries and 2-year Treasuries was little changed at 4.17% and 3.53%, respectively.



Dollar Index (Flat)

The dollar held to its losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell, a move that threatens the central bank's independence and faith in U.S. assets.



Asian Currencies (Mixed)

Asian currencies were trading mostly lower in the early Tuesday trade, with the South Korean Won leading the losers, followed by the Thai Baht, Indonesian Rupiah, Japanese Yen, and the Philippine Peso. However, China Renminbi, the Taiwan Dollar, Malaysian Ringgit were trading with marginal gains.



Crude (Gains)

Oil prices edged higher on Tuesday, as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela.



Silver (slips)

Spot gold steadied and silver slipped after a rally that sent the precious metals to record highs on
Monday.



Fund Flow Action

Selling by Foreign Institutional Investors (FIIs) continued for the sixth consecutive session on January 12, as they sold equities worth around Rs 3,638 crore. In contrast, Domestic Institutional Investors (DIIs) remained net buyers, purchasing equities worth over Rs 5,800 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Tick: Top global cues to watch in today’s trade

Sensex Today | Stock Market LIVE Updates: Stocks like Tata Consultancy Services, HCL Technologies, Anand Rathi Wealth, Adani Energy Solutions, GTPL Hathway, Biocon, KP Green Engineering, Sical Logistics, NLC India, and Gabion Technologies India will be in focus on January 13.

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Stock Market LIVE Updates: GIFT Nifty hints a positive opening; TCS, HCL Tech, Biocon, NLC India in focus

Live Blog

Sensex Today | Stock Market LIVE Updates: Stocks like Tata Consultancy Services, HCL Technologies, Anand Rathi Wealth, Adani Energy Solutions, GTPL Hathway, Biocon, KP Green Engineering, Sical Logistics, NLC India, and Gabion Technologies India will be in focus on January 13.

Devang Mehta foresees a significant increase in both railway and defence capital capex in Budget 2026, Projections suggest railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12 percent rise, and defence spending is also increasing due to geopolitical pressures

* Devang Mehta foresees a significant increase in both railway and defence capital capex in Budget 2026
*Projections suggest railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12 percent rise, and defence spending is also increasing due to geopolitical pressures

shorts/business/daily-voice-railways-defence-capex-likely-to-rise-sharply-in-budget-2026-says-spark-s-devang-mehta

* Devang Mehta foresees a significant increase in both railway and defence capital capex in Budget 2026
*Projections suggest railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12 percent rise, and defence spending is also increasing due to geopolitical pressures

Devang Mehta, the Deputy Managing Director &amp; CIO – Equity NDPMS at Spark Capital Private Wealth Management foresees a significant increase in both railway and defence capital expenditure (capex) for India's upcoming Budget 2026-27, driven by ongoing infrastructure modernization, national security needs, and the government's focus on self-reliance.

Projections suggest railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12 percent rise, and defence spending is also increasing due to geopolitical pressures.

Meanwhile, the December-quarter (Q3 FY26) earnings season is widely expected to build a strong base for subsequent quarters. He is optimistic that the current earnings season marks an inflection point after a period of market consolidation and valuation resets in 2025.

Do you think the key factor to watch in the Union Budget will be the government’s strategy to narrow the fiscal deficit?

The government's strategy to narrow the fiscal deficit is indeed a key factor in the Union Budget, as it is central to maintaining macroeconomic stability and attracting investor confidence.

Lower deficit reduces government borrowing, which prevents "crowding out" of private sector investment and frees up resources for productive capital expenditure (capex). The government has consistently signaled its commitment to a glide path of fiscal consolidation, aiming for a target of 4.4% of GDP for FY26.

Do you foresee an increase in railway and defence capital expenditure in the Budget?

Market participants foresee a significant increase in both railway and defence capital expenditure (capex) for India's upcoming Budget 2026-27, driven by ongoing infrastructure modernization, national security needs (especially along borders), and the government's focus on self-reliance, with projections suggesting railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12% rise, and defence spending also increasing due to geopolitical pressures.

Do you believe metals will emerge as a dominant sector in FY27? Do you see a potential entry into a commodity supercycle?

The outlook for the metals sector in FY27 is generally positive, driven by a combination of strong domestic demand in India, a global push for the energy transition, and supply-side constraints.

The global shift to clean energy, including electric vehicles (EVs), solar panels, and upgraded power grids, is creating significant demand for industrial metals such as copper, aluminum, lithium, and nickel. Gold and silver are expected to continue their strong performance into FY27, supported by ongoing geopolitical uncertainty, central bank purchases, and their role as a hedge against inflation and currency volatility.

Unlike past broad-based super cycles, this one is characterized by "structural divergence," where assets linked to monetary credibility (precious metals) and structural scarcity (specific industrial metals) are set to outperform, while others like oil might face a supply surplus and muted demand growth.

Do you view the Trump narrative, rising US debt, and ongoing geopolitical tensions as the biggest challenges for equity markets, despite expectations of an earnings recovery and continued support from consistent DII inflows?

Markets generally thrive on predictability, which the Trump administration's policy shifts can disrupt. The potential for new tariffs (on items like semiconductors or all imports from specific countries) and trade wars creates supply chain uncertainty, impacts corporate margins, and can trigger significant sector volatility.

The rapid growth of public-sector debt and wide deficits in the US is a persistent concern for investors. While a US government default is considered extremely unlikely, concerns revolve around high debt levels increasing future borrowing costs, limiting fiscal flexibility.

Geopolitical instability, such as the conflict in Ukraine, tensions between the US and Venezuela, and China-Taiwan dynamics, remains a major market factor.

Expectations are a double-digit or "mid-teen" corporate earnings per share (EPS) growth for the fiscal year 2027 (FY27), a significant rebound from a muted FY25 and FY26. The sustained domestic support reflects a structural shift where the Indian capital market is becoming less vulnerable to foreign shocks and more responsive to domestic capital. While the DII inflows and earnings recovery provide a strong foundation for a positive 2026, a sustained, broad-based market rally will also depend on the eventual return of FIIs, who remain net sellers.

Are you betting big on new-age companies that are expected to have a long runway ahead in terms of market size and opportunity?

The market is maturing, and investors are prioritizing companies that demonstrate a clear path to profitability and strong cash flow visibility. Profitable new-age tech companies have generally performed well in the stock market, while many loss-making are still struggling.

We like a number of sectors which are still small in size but have huge opportunity size. Along with this, we also like sectors where there is no perfect competition. This monopolistic, duopolistic or oligopolistic advantage leads to good pricing power, moat and superior ROE’s. Sub sectors of economy benefiting from discretionary consumption, finacialisation of savings including capital market plays and capital expenditure oriented proxy plays are preferred for long term wealth creation.

Do you anticipate a major correction in global markets in 2026 if AI turns into a bubble?

Market sentiment is sharply divided, with the main points of debate centering on whether current AI investment is a speculative bubble similar to the dot-com era or a foundational infrastructure build-out.

Many investors pinpoint persistent inflation as the most significant potential trigger for a correction. The massive capital expenditure required for AI infrastructure is driving up costs for chips and energy, which could keep inflation above central bank targets. If central banks are forced to hike rates to cool inflation, it would increase borrowing costs and reduce the appetite for speculative tech stocks.

Will the December-quarter earnings season help build a strong base for subsequent quarters and the broader markets?

The December-quarter (Q3 FY26) earnings season is widely expected by analysts to build a strong base for subsequent quarters and the broader markets, supported by strong domestic demand, government policy support, and broad-based growth across several key sectors. Analysts are optimistic that the current earnings season marks an inflection point after a period of market consolidation and valuation resets in 2025.

The earnings momentum is expected to be fueled by robust domestic demand, falling interest rates, easing liquidity, and government initiatives like GST cuts, which have boosted consumption.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: Railways, defence capex likely to rise sharply in Budget 2026, says Spark’s Devang Mehta

Devang Mehta, the Deputy Managing Director &amp;amp; CIO – Equity NDPMS at Spark Capital Private Wealth Management foresees a significant increase in both railway and defence capital expenditure (capex) for India's upcoming Budget 2026-27, driven by ongoing infrastructure modernization, national security needs, and the government's focus on self-reliance.

Projections suggest railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12 percent rise, and defence spending is also increasing due to geopolitical pressures.

Meanwhile, the December-quarter (Q3 FY26) earnings season is widely expected to build a strong base for subsequent quarters. He is optimistic that the current earnings season marks an inflection point after a period of market consolidation and valuation resets in 2025.

Do you think the key factor to watch in the Union Budget will be the government’s strategy to narrow the fiscal deficit?

The government's strategy to narrow the fiscal deficit is indeed a key factor in the Union Budget, as it is central to maintaining macroeconomic stability and attracting investor confidence.

Lower deficit reduces government borrowing, which prevents &quot;crowding out&quot; of private sector investment and frees up resources for productive capital expenditure (capex). The government has consistently signaled its commitment to a glide path of fiscal consolidation, aiming for a target of 4.4% of GDP for FY26.

Do you foresee an increase in railway and defence capital expenditure in the Budget?

Market participants foresee a significant increase in both railway and defence capital expenditure (capex) for India's upcoming Budget 2026-27, driven by ongoing infrastructure modernization, national security needs (especially along borders), and the government's focus on self-reliance, with projections suggesting railway capex could reach Rs 2.7-2.9 lakh crore, a 10-12% rise, and defence spending also increasing due to geopolitical pressures.

Do you believe metals will emerge as a dominant sector in FY27? Do you see a potential entry into a commodity supercycle?

The outlook for the metals sector in FY27 is generally positive, driven by a combination of strong domestic demand in India, a global push for the energy transition, and supply-side constraints.

The global shift to clean energy, including electric vehicles (EVs), solar panels, and upgraded power grids, is creating significant demand for industrial metals such as copper, aluminum, lithium, and nickel. Gold and silver are expected to continue their strong performance into FY27, supported by ongoing geopolitical uncertainty, central bank purchases, and their role as a hedge against inflation and currency volatility.

Unlike past broad-based super cycles, this one is characterized by &quot;structural divergence,&quot; where assets linked to monetary credibility (precious metals) and structural scarcity (specific industrial metals) are set to outperform, while others like oil might face a supply surplus and muted demand growth.

Do you view the Trump narrative, rising US debt, and ongoing geopolitical tensions as the biggest challenges for equity markets, despite expectations of an earnings recovery and continued support from consistent DII inflows?

Markets generally thrive on predictability, which the Trump administration's policy shifts can disrupt. The potential for new tariffs (on items like semiconductors or all imports from specific countries) and trade wars creates supply chain uncertainty, impacts corporate margins, and can trigger significant sector volatility.

The rapid growth of public-sector debt and wide deficits in the US is a persistent concern for investors. While a US government default is considered extremely unlikely, concerns revolve around high debt levels increasing future borrowing costs, limiting fiscal flexibility.

Geopolitical instability, such as the conflict in Ukraine, tensions between the US and Venezuela, and China-Taiwan dynamics, remains a major market factor.

Expectations are a double-digit or &quot;mid-teen&quot; corporate earnings per share (EPS) growth for the fiscal year 2027 (FY27), a significant rebound from a muted FY25 and FY26. The sustained domestic support reflects a structural shift where the Indian capital market is becoming less vulnerable to foreign shocks and more responsive to domestic capital. While the DII inflows and earnings recovery provide a strong foundation for a positive 2026, a sustained, broad-based market rally will also depend on the eventual return of FIIs, who remain net sellers.

Are you betting big on new-age companies that are expected to have a long runway ahead in terms of market size and opportunity?

The market is maturing, and investors are prioritizing companies that demonstrate a clear path to profitability and strong cash flow visibility. Profitable new-age tech companies have generally performed well in the stock market, while many loss-making are still struggling.

We like a number of sectors which are still small in size but have huge opportunity size. Along with this, we also like sectors where there is no perfect competition. This monopolistic, duopolistic or oligopolistic advantage leads to good pricing power, moat and superior ROE’s. Sub sectors of economy benefiting from discretionary consumption, finacialisation of savings including capital market plays and capital expenditure oriented proxy plays are preferred for long term wealth creation.

Do you anticipate a major correction in global markets in 2026 if AI turns into a bubble?

Market sentiment is sharply divided, with the main points of debate centering on whether current AI investment is a speculative bubble similar to the dot-com era or a foundational infrastructure build-out.

Many investors pinpoint persistent inflation as the most significant potential trigger for a correction. The massive capital expenditure required for AI infrastructure is driving up costs for chips and energy, which could keep inflation above central bank targets. If central banks are forced to hike rates to cool inflation, it would increase borrowing costs and reduce the appetite for speculative tech stocks.

Will the December-quarter earnings season help build a strong base for subsequent quarters and the broader markets?

The December-quarter (Q3 FY26) earnings season is widely expected by analysts to build a strong base for subsequent quarters and the broader markets, supported by strong domestic demand, government policy support, and broad-based growth across several key sectors. Analysts are optimistic that the current earnings season marks an inflection point after a period of market consolidation and valuation resets in 2025.

The earnings momentum is expected to be fueled by robust domestic demand, falling interest rates, easing liquidity, and government initiatives like GST cuts, which have boosted consumption.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Stock exchanges BSE and NSE will remain shut on Thursday, January 15, 2026, on account of municipal corporation elections in Maharashtra, according to a circular issued by the National Stock Exchange (NSE).

"In partial modification to Exchange circular earlier, the Exchange hereby notifies Thursday, January 15, 2026 as a trading holiday in Capital Market (CM) Segment on account of Municipal Corporation Election in Maharashtra," the NSE said.

Earlier, the exchange had said that while trading would be open on January 15, it would observe a settlement holiday owing to the civic polls.

Following the latest notification, trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives and interest rate derivatives will remain shut for the day on both the BSE and the NSE.

The commodity derivatives segment will remain closed for trading in the morning session.

The Maharashtra government has declared January 15 a public holiday under the Negotiable Instruments Act to facilitate the conduct of local body elections across 29 municipal corporations, including Mumbai City and Mumbai Suburban districts governed by the Brihanmumbai Municipal Corporation (BMC).

The notification was issued under Section 25 of the Negotiable Instruments Act, 1881, using powers delegated to the state government by the Ministry of Home Affairs since 1968.

In a release issued on Saturday, the BMC said the holiday was announced through an order of the state’s General Administration and Industries and Labour departments.

"The public holiday will apply across Mumbai, including the city and the eastern and western suburbs. Government and semi-government offices, public sector units, banks and other establishments will remain closed on that day. The government order also applies to voters registered in Mumbai but working outside the city, allowing them to vote," the release said.

Votes will be counted on January 16.

Markets were also shut during the last civic polls held in 2017.
<h3>Stock market holidays 2026</h3>
The stock markets will remain closed for a total of 16 holidays in 2026. Notably,<a href="https://www.moneycontrol.com/news/business/markets/stock-market-holidays-2026-check-nse-s-list-of-15-market-holidays-next-year-13725657.html" target="_blank"> four holidays have fallen on Saturdays or Sundays</a>, when markets generally remain closed.

Investors will see the most number of holidays in March, when markets will remain closed for a total of three days on account of Holi (March 3), Shri Ram Navami (March 26) and Shri Mahavir Jayanti (March 31). The months of February, July and August will see no effective market holidays, as some of the effective national holidays fall on the weekends, when markets anyway remain closed.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Stock Market Holiday 2026: NSE, BSE to be shut on January 15 for Maharashtra civic polls

Stock exchanges BSE and NSE will remain shut on Thursday, January 15, 2026, on account of municipal corporation elections in Maharashtra, according to a circular issued by the National Stock Exchange (NSE).

&quot;In partial modification to Exchange circular earlier, the Exchange hereby notifies Thursday, January 15, 2026 as a trading holiday in Capital Market (CM) Segment on account of Municipal Corporation Election in Maharashtra,&quot; the NSE said.

Earlier, the exchange had said that while trading would be open on January 15, it would observe a settlement holiday owing to the civic polls.

Following the latest notification, trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives and interest rate derivatives will remain shut for the day on both the BSE and the NSE.

The commodity derivatives segment will remain closed for trading in the morning session.

The Maharashtra government has declared January 15 a public holiday under the Negotiable Instruments Act to facilitate the conduct of local body elections across 29 municipal corporations, including Mumbai City and Mumbai Suburban districts governed by the Brihanmumbai Municipal Corporation (BMC).

The notification was issued under Section 25 of the Negotiable Instruments Act, 1881, using powers delegated to the state government by the Ministry of Home Affairs since 1968.

In a release issued on Saturday, the BMC said the holiday was announced through an order of the state’s General Administration and Industries and Labour departments.

&quot;The public holiday will apply across Mumbai, including the city and the eastern and western suburbs. Government and semi-government offices, public sector units, banks and other establishments will remain closed on that day. The government order also applies to voters registered in Mumbai but working outside the city, allowing them to vote,&quot; the release said.

Votes will be counted on January 16.

Markets were also shut during the last civic polls held in 2017.
Stock market holidays 2026
The stock markets will remain closed for a total of 16 holidays in 2026. Notably, four holidays have fallen on Saturdays or Sundays, when markets generally remain closed.

Investors will see the most number of holidays in March, when markets will remain closed for a total of three days on account of Holi (March 3), Shri Ram Navami (March 26) and Shri Mahavir Jayanti (March 31). The months of February, July and August will see no effective market holidays, as some of the effective national holidays fall on the weekends, when markets anyway remain closed.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nifty and Sensex rose, ending a five-day losing streak after intraday recovery., Metal and PSU Bank indices rose; capital goods and pharma sectors fell., Over 360 stocks hit 52-week lows despite benchmark indices closing in the green

* Nifty and Sensex rose, ending a five-day losing streak after intraday recovery.
* Metal and PSU Bank indices rose; capital goods and pharma sectors fell.
* Over 360 stocks hit 52-week lows despite benchmark indices closing in the green

Indian equity benchmarks ended higher on January 12, snapping a five-day losing streak as the Nifty closed near 25,800 after a mid-session recovery. Broader markets underperformed, with several stocks hitting 52-week lows despite sectoral gains.

shorts/business/taking-stock-market-snaps-5-day-losing-streak-sensex-rallies-302-pts-nifty-near-25-800

* Nifty and Sensex rose, ending a five-day losing streak after intraday recovery.
* Metal and PSU Bank indices rose; capital goods and pharma sectors fell.
* Over 360 stocks hit 52-week lows despite benchmark indices closing in the green

Indian equity benchmarks ended in the green in a volatile session on January 12, snapping a five-day losing streak, with the Nifty closing near 25,800 after an intraday recovery to settle near the day’s high.

Despite positive global cues, domestic markets opened lower and extended losses to hit an intraday low of 25,473.40 in the first half of the session. However, the benchmark witnessed a sharp mid-session recovery after <a href="https://www.moneycontrol.com/news/india/next-call-on-india-us-trade-deal-on-jan-13-says-ambassador-sergio-gor-13768237.html">US Ambassador Sergio Gor’s comments on a potential India–US trade deal</a>, as he said both sides would continue to engage actively, with the next round of talks scheduled for tomorrow.

At close, the Sensex was up 301.93 points or 0.36 percent at 83,878.17, and the Nifty was up 106.95 points or 0.42 percent at 25,790.25.

Underperformance in broader markets continued, with the BSE Midcap index falling 0.4 percent and the Smallcap index shedding 0.7 percent.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/budget-2026-expectations-fewer-customs-duty-slabs-on-gold-simplified-tariff-structure-soon-13765973.html">Budget 2026 Expectations: Fewer customs duty slabs on gold, simplified tariff structure soon</a>

Among sectors, metal index rose 2%, PSU Bank index added 0.7%, FMCG index gained 0.6%, while capital goods, pharma, media and realty indices shed 0.5-1.5 percent.

Coal India, Trent, Asian Paints, Tata Steel, JSW Steel were among major gainers on the Nifty, while losers included Eicher Motors, Infosys, Bajaj Finance, Tata Motors Passenger Vehicles and Bajaj Auto.

Also Read - <a href="https://www.moneycontrol.com/budget/budget-day-wishlist-ev-subsidies-linked-to-sales-more-startup-funding-simpler-compliance-article-13767759.html">Budget day wishlist: EV subsidies linked to sales, more startup funding, simpler compliance</a>

In stocks, Lemon Tree Hotels shares rose 2% as Warburg Pincus will acquire entire stake of APG Strategic Real Estate Pool NV, Signature Global share price dipped 4.7% as s Q3 pre-sales down 27%, IREDA share price rose 3.7% as Q3 profit jumps 37%, Ashiana Housing shares down 2% after Q3 area booked falls 17.9%, Shakti Pumps shares jumped 4% on bagging order worth Rs 654 crore.

Embassy Developments shares added 5% as Q3 collection jumps 15%, KP Green shares rose 3.6% on winning order worth Rs 819 crore from BSNL, Tanfac Industries share price added 3% on signing long term supply contract with Japanese customer.

More than 360 stocks hit 52-week low including Tejas Networks, Signature Global, Tube Investment, United Breweries, Cohance Life, Siemens Energy, IRB Infra, Action Construction, Godrej Agrovet, Piramal Pharma, Afcons Infra, AWL Agri, Maharashtra Seamless, Whirlpool, Alkyl Amines, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for January 13

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness in the last few sessions, Nifty witnessed an excellent bounce back from the lows on Monday and closed the day with decent gains of around 106 points. After opening on a weak note, Nifty slipped into weakness in the early part of the session. A sharp recovery has emerged from the lows of 25473 levels and the market sustained the gains till the end.

A long bull candle has been formed on the daily chart with long lower shadow. Technically, this market action is indicating significant turnaround in the market for the short term. This is positive indication one may expect further upside in the short term.

The underlying trend of Nifty seems to have turned up post sharp weakness of last week. Having recovered from the key lower levels decisively, Nifty could advance towards the next hurdle of 26000-26100 levels in the next few sessions.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed a sharp recovery from the lower levels. The Nifty ended 107 points higher, while the Sensex was up by 302 points. Among sectors, the Metal Index outperformed today, rallying over 2 percent, whereas the Realty and Media indices shed over 1 percent. Technically, after an early morning intraday sharp selloff, the market took support near 25,500/82,700 and bounced back sharply. From the day's lowest point, the market bounced back over 300/1,200 points, which is largely positive.

We are of the view that the intraday market texture is positive, but buy on dips and sell on rallies would be the ideal strategy for day traders. On the downside, 25,650/83,500 and 25,600/83,300 would act as key support zones, while 25,900-25,950/84,300-84,500 could serve as immediate resistance areas for the bulls. However, below 25,600/83,300, sentiment could change. If that happens, traders may consider exiting their long positions.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Taking Stock: Market snaps 5-day losing streak; Sensex rallies 302 pts, Nifty near 25,800

Indian equity benchmarks ended in the green in a volatile session on January 12, snapping a five-day losing streak, with the Nifty closing near 25,800 after an intraday recovery to settle near the day’s high.

Despite positive global cues, domestic markets opened lower and extended losses to hit an intraday low of 25,473.40 in the first half of the session. However, the benchmark witnessed a sharp mid-session recovery after US Ambassador Sergio Gor’s comments on a potential India–US trade deal, as he said both sides would continue to engage actively, with the next round of talks scheduled for tomorrow.

At close, the Sensex was up 301.93 points or 0.36 percent at 83,878.17, and the Nifty was up 106.95 points or 0.42 percent at 25,790.25.

Underperformance in broader markets continued, with the BSE Midcap index falling 0.4 percent and the Smallcap index shedding 0.7 percent.

Also Read: Budget 2026 Expectations: Fewer customs duty slabs on gold, simplified tariff structure soon

Among sectors, metal index rose 2%, PSU Bank index added 0.7%, FMCG index gained 0.6%, while capital goods, pharma, media and realty indices shed 0.5-1.5 percent.

Coal India, Trent, Asian Paints, Tata Steel, JSW Steel were among major gainers on the Nifty, while losers included Eicher Motors, Infosys, Bajaj Finance, Tata Motors Passenger Vehicles and Bajaj Auto.

Also Read - Budget day wishlist: EV subsidies linked to sales, more startup funding, simpler compliance

In stocks, Lemon Tree Hotels shares rose 2% as Warburg Pincus will acquire entire stake of APG Strategic Real Estate Pool NV, Signature Global share price dipped 4.7% as s Q3 pre-sales down 27%, IREDA share price rose 3.7% as Q3 profit jumps 37%, Ashiana Housing shares down 2% after Q3 area booked falls 17.9%, Shakti Pumps shares jumped 4% on bagging order worth Rs 654 crore.

Embassy Developments shares added 5% as Q3 collection jumps 15%, KP Green shares rose 3.6% on winning order worth Rs 819 crore from BSNL, Tanfac Industries share price added 3% on signing long term supply contract with Japanese customer.

More than 360 stocks hit 52-week low including Tejas Networks, Signature Global, Tube Investment, United Breweries, Cohance Life, Siemens Energy, IRB Infra, Action Construction, Godrej Agrovet, Piramal Pharma, Afcons Infra, AWL Agri, Maharashtra Seamless, Whirlpool, Alkyl Amines, among others. Click to View More

Outlook for January 13

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness in the last few sessions, Nifty witnessed an excellent bounce back from the lows on Monday and closed the day with decent gains of around 106 points. After opening on a weak note, Nifty slipped into weakness in the early part of the session. A sharp recovery has emerged from the lows of 25473 levels and the market sustained the gains till the end.

A long bull candle has been formed on the daily chart with long lower shadow. Technically, this market action is indicating significant turnaround in the market for the short term. This is positive indication one may expect further upside in the short term.

The underlying trend of Nifty seems to have turned up post sharp weakness of last week. Having recovered from the key lower levels decisively, Nifty could advance towards the next hurdle of 26000-26100 levels in the next few sessions.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed a sharp recovery from the lower levels. The Nifty ended 107 points higher, while the Sensex was up by 302 points. Among sectors, the Metal Index outperformed today, rallying over 2 percent, whereas the Realty and Media indices shed over 1 percent. Technically, after an early morning intraday sharp selloff, the market took support near 25,500/82,700 and bounced back sharply. From the day's lowest point, the market bounced back over 300/1,200 points, which is largely positive.

We are of the view that the intraday market texture is positive, but buy on dips and sell on rallies would be the ideal strategy for day traders. On the downside, 25,650/83,500 and 25,600/83,300 would act as key support zones, while 25,900-25,950/84,300-84,500 could serve as immediate resistance areas for the bulls. However, below 25,600/83,300, sentiment could change. If that happens, traders may consider exiting their long positions.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

7 out of 11 years BSE SMALLCAP SELECT has given negative returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	7,878.00	7,936.22	8,018.16	7,796.06	7,737.84	7,655.90	7,597.68
Fibonacci	7,849.60	7,882.68	7,936.22	7,796.06	7,742.52	7,709.44	7,655.90
Camarilla	7,832.62	7,845.47	7,858.31	7,796.06	7,806.92	7,794.07	7,781.23

INDEX CONTRIBUTION - BSE SMALLCAP SELECT

Net Contribution

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