NIFTY Auto

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Nifty Reclaims 25,700 As Sergio Gor's Comments On Trade Deal Fuel Sharp Rebound| Closing Bell Live

The benchmark equity indices Sensex and Nifty rebounded sharply from the day’s low on Monday after comments by US Ambassador to India Sergio Gor on ongoing trade talks lifted investor sentiment.

Market analysts said the recent bounce appears to be driven largely by short-covering in heavyweight stocks after five consecutive sessions of decline last week.

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said that markets witnessed short covering after falling below 25,500, with bottom-fishing emerging around that level.

Following the remarks, the Sensex recovered nearly 900 points from the day’s low and was trading around 83,751, while the Nifty climbed to about 25,747.05, at around 1:45 p.m.

However, despite the sharp recovery, Nifty is facing resistance above the 25,750 mark and the advance-decline ratio beyond the benchmarks suggests that sellers are still overpowering the buyers.

On the advance/decline ratio of the Nifty Micap100 index, 74 constituents were trading in the red, while 26 were in the green. On the Nifty200 chart, 128 stocks were in the red, while 71 were in the green.

In the Nifty500 index, 369 were in the red, while 128 were in the green.

Similarly, 128 out of the BSE200 stocks were in the red, while 365 stocks were in negative in the BSE500 index.

Ruchit Jain, Vice President at Motilal Oswal Financial Services, said "Post the sell off seen in last few sessions, the momentum readings on the lower time frame charts are in oversold zone, such set ups usually leads to pullback move which is seen in intraday today. However, as the index has recently breached the 50 DEMA support, it would be important to again sustainable above the same to confirm tbe trend reversal. The hurdles will be seen around 25900 and 26000 on pullback moves."

A trend reversal in today's market session was also on hopes of improving India-US ties, as a positive undertone emerged after Gor said President Donald Trump is expected to visit India in the next one to two years.

In the past five trading days, the BSE benchmark declined 2,185.77 points or 2.54 per cent, and the Nifty tumbled 645.25 points or 2.45 per cent.

Ajit Mishra, senior vice-president (research) at Religare Broking, said "caution ahead of the earnings announcements from IT majors such as TCS and HCL Tech seems to have prompted some profit-taking in short positions. That said, this rebound should not be over-interpreted. Market participants should look for a sustained move above 25,600 to confirm any meaningful recovery; failing that, the broader corrective trend could resume."

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.

Superb recovery pushes Sensex, Nifty into green but this data point suggests markets are still not out of the woods

The benchmark equity indices Sensex and Nifty rebounded sharply from the day’s low on Monday after comments by US Ambassador to India Sergio Gor on ongoing trade talks lifted investor sentiment.

Market analysts said the recent bounce appears to be driven largely by short-covering in heavyweight stocks after five consecutive sessions of decline last week.

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said that markets witnessed short covering after falling below 25,500, with bottom-fishing emerging around that level.

Following the remarks, the Sensex recovered nearly 900 points from the day’s low and was trading around 83,751, while the Nifty climbed to about 25,747.05, at around 1:45 p.m.

However, despite the sharp recovery, Nifty is facing resistance above the 25,750 mark and the advance-decline ratio beyond the benchmarks suggests that sellers are still overpowering the buyers.

On the advance/decline ratio of the Nifty Micap100 index, 74 constituents were trading in the red, while 26 were in the green. On the Nifty200 chart, 128 stocks were in the red, while 71 were in the green.

In the Nifty500 index, 369 were in the red, while 128 were in the green.

Similarly, 128 out of the BSE200 stocks were in the red, while 365 stocks were in negative in the BSE500 index.

Ruchit Jain, Vice President at Motilal Oswal Financial Services, said &quot;Post the sell off seen in last few sessions, the momentum readings on the lower time frame charts are in oversold zone, such set ups usually leads to pullback move which is seen in intraday today. However, as the index has recently breached the 50 DEMA support, it would be important to again sustainable above the same to confirm tbe trend reversal. The hurdles will be seen around 25900 and 26000 on pullback moves.&quot;

A trend reversal in today's market session was also on hopes of improving India-US ties, as a positive undertone emerged after Gor said President Donald Trump is expected to visit India in the next one to two years.

In the past five trading days, the BSE benchmark declined 2,185.77 points or 2.54 per cent, and the Nifty tumbled 645.25 points or 2.45 per cent.

Ajit Mishra, senior vice-president (research) at Religare Broking, said &quot;caution ahead of the earnings announcements from IT majors such as TCS and HCL Tech seems to have prompted some profit-taking in short positions. That said, this rebound should not be over-interpreted. Market participants should look for a sustained move above 25,600 to confirm any meaningful recovery; failing that, the broader corrective trend could resume.&quot;

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.

Sensex and Nifty 50 rebound after US envoy's positive trade deal remarks, US Ambassador Gor called India "essential," boosting market sentiment, Export stocks surged after easing of concerns over Trump's tariff threats

* Sensex and Nifty 50 rebound after US envoy's positive trade deal remarks
* US Ambassador Gor called India "essential," boosting market sentiment
* Export stocks surged after easing of concerns over Trump's tariff threats

Indian stock markets rebounded sharply on January 12 after US Ambassador Sergio Gor’s positive comments on India-US trade ties, with Sensex and Nifty erasing earlier losses. Export stocks also surged after Trump’s tariff threats had previously hit them.

shorts/business/the-trump-candle-this-sergio-gor-remark-brought-700-point-recovery-in-sensex-within-an-hour

* Sensex and Nifty 50 rebound after US envoy's positive trade deal remarks
* US Ambassador Gor called India "essential," boosting market sentiment
* Export stocks surged after easing of concerns over Trump's tariff threats

Indian stock markets recorded a sharp recovery on January 12 after US Ambassador Sergio Gor commented on India-US trade deal.

<a href="https://www.moneycontrol.com/indian-indices/SENSEX-4.html">Sensex</a>, which had earlier declined 715.17 points or 0.85 percent to hit an intraday low of 82,861.07, recovered all losses to trade in the green. <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html">Nifty 50</a>, which earlier slipped below the 25,500 mark, also sharply recovered all losses.

As seen at 1.10 pm, Nifty 50 was up 37 points (0.14 percent) to 25,738.40, while Sensex gained 71 points (0.08 percent) to 83,647.17, after trading in the deep red in the morning.
<h3>What did the US Ambassador say?</h3>
US Ambassador to India Sergio Gor said there is "no partner more essential than India" to the President Donald Trump-led country, boosting markets. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. "President TRUMP will be visiting India in next 1-2 years hopefully," he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. "Real friends can disagree, but resolve the difference," Gor said, framing current trade negotiations as part of a broader, resilient partnership.

Notably, India-US trade deal has seen significant delays, putting pressure on markets for most of 2025 on the back of rising Trump tariffs. Analysts had noted that markets may see some rally in case of any positive news around this front.

Sergio also referred to strategic initiatives like Pax Silica, calling it a US-led framework with India as a key partner. “Both sides continue to actively engage. Not an easy to cross the finish line, but determined,” he said, underscoring the challenges and commitment in ongoing talks.

Senator Marco Rubio added, “This year will be a year of reciprocity,” highlighting the mutual intent to enhance cooperation across trade and strategic sectors.

"Positive statement by U.S. ambassador on continuation of talks on India-U.S. trade deal and reiteration of the importance of India as a trade partner have led to short covering during the day," said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
<h3>How are markets performing?</h3>
Along with the benchmark indices, broader markets also staged a partial recovery, with Nifty Midcap 100 and Nifty Smallcap 100 index erasing significant losses. Bank Nifty jumped around 677 points (more than 1 percent) from its day's low to 59,540.95.

Export-oriented stocks also <a href="https://www.moneycontrol.com/news/business/markets/impact-of-sergio-gor-s-comments-on-india-us-trade-deal-avanti-feeds-other-export-oriented-stocks-trade-at-day-s-high-13768321.html">surged to their respective highs</a>, after Trump's earlier 500 percent tariff threat pushed them down sharply.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html">LIVE updates</a> from the stock markets here.

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.

The Trump candle: This Sergio Gor remark triggered 700-point recovery in Sensex within an hour

Indian stock markets recorded a sharp recovery on January 12 after US Ambassador Sergio Gor commented on India-US trade deal.

Sensex, which had earlier declined 715.17 points or 0.85 percent to hit an intraday low of 82,861.07, recovered all losses to trade in the green. Nifty 50, which earlier slipped below the 25,500 mark, also sharply recovered all losses.

As seen at 1.10 pm, Nifty 50 was up 37 points (0.14 percent) to 25,738.40, while Sensex gained 71 points (0.08 percent) to 83,647.17, after trading in the deep red in the morning.
What did the US Ambassador say?
US Ambassador to India Sergio Gor said there is &quot;no partner more essential than India&quot; to the President Donald Trump-led country, boosting markets. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. &quot;President TRUMP will be visiting India in next 1-2 years hopefully,&quot; he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. &quot;Real friends can disagree, but resolve the difference,&quot; Gor said, framing current trade negotiations as part of a broader, resilient partnership.

Notably, India-US trade deal has seen significant delays, putting pressure on markets for most of 2025 on the back of rising Trump tariffs. Analysts had noted that markets may see some rally in case of any positive news around this front.

Sergio also referred to strategic initiatives like Pax Silica, calling it a US-led framework with India as a key partner. “Both sides continue to actively engage. Not an easy to cross the finish line, but determined,” he said, underscoring the challenges and commitment in ongoing talks.

Senator Marco Rubio added, “This year will be a year of reciprocity,” highlighting the mutual intent to enhance cooperation across trade and strategic sectors.

&quot;Positive statement by U.S. ambassador on continuation of talks on India-U.S. trade deal and reiteration of the importance of India as a trade partner have led to short covering during the day,&quot; said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
How are markets performing?
Along with the benchmark indices, broader markets also staged a partial recovery, with Nifty Midcap 100 and Nifty Smallcap 100 index erasing significant losses. Bank Nifty jumped around 677 points (more than 1 percent) from its day's low to 59,540.95.

Export-oriented stocks also surged to their respective highs, after Trump's earlier 500 percent tariff threat pushed them down sharply.

Follow all LIVE updates from the stock markets here.

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.

Sensex and Nifty fell for the sixth straight session amid weak global cues, Foreign fund outflows, rising crude, and tensions hit markets, Investors await key US inflation data and IT earnings from TCS, HCLTech

* Sensex and Nifty fell for the sixth straight session amid weak global cues
* Foreign fund outflows, rising crude, and tensions hit markets
* Investors await key US inflation data and IT earnings from TCS, HCLTech

Indian equity indices fell for a sixth session, with Sensex down 413.96 points and Nifty 130.15 points, amid weak global cues, FII outflows, rising crude prices, geopolitical tensions, and caution ahead of key US data and IT earnings.

shorts/business/sensex-falls-400-pts-nifty-below-25-600-weak-global-cues-among-key-factors-behind-market-decline

* Sensex and Nifty fell for the sixth straight session amid weak global cues
* Foreign fund outflows, rising crude, and tensions hit markets
* Investors await key US inflation data and IT earnings from TCS, HCLTech

The benchmark equity indices extended their losses for a 6th straight session on Monday, tracking weak global cues, sustained foreign fund outflows and rising geopolitical concerns.

At around 11:45 a.m., the Sensex fell 696.73 points or 0.83 percent to 82,879.51, while the broader Nifty declined to its lowest level in two months to hit 25,477.80, down 205.50 points or 0.8 percent. More than 40 stocks of the Nifty50 index were trading in the red.

The market extended its decline after the worst weekly fall in over three months as profit-taking continued amid foreign fund outflows, concerns over possible additional US tariffs on Indian exports and geopolitical overhangs.

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/maxhealthcareinstitute/MHI">Max Healthcare</a>, Eicher Motors, Bajaj Finance were among the major laggards in the Nifty50 pack, declining up to 2 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/miningminerals/coalindia/CI11">Coal India</a> and HDFC Life Insurance Company were among the top gainers, rising up to 3 percent. All the sectorsl indices were trading in the red. Market breadth remained negative as about 900 shares advanced, 2815 shares declined and 161 shares unchanged.
<h3>Key factors behind market decline</h3>
1) Wall Street Futures Decline: Weak global cues weighed on sentiment as Wall Street futures were trading up to 0.5 percent lower, indicating a weak start for US markets. Investors are also awaiting key US inflation data for further cues.

2) Decline in India Vix: India VIX, the volatility index, jumped 7.99 percent to 11.80, indicating rising uncertainty in the market.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said "The market has turned distinctly weak, weighed down by a series of India-specific and global geopolitical events. The drama surrounding the US-India trade deal is getting murkier with strange remarks from the US administration. This is impacting the market. Geopolitical developments in Venezuela, the crisis in Iran and Trump’s threats regarding Greenland are also being viewed by the markets with concern. This has spiked the India volatility index India VIX indicating big volatility ahead. An expected ruling on Trump tariffs from the US Supreme Court on Friday didn’t materialise; there is no clarity on when this will happen. Yet it can happen any time and, therefore, investors have to be watchful of the development on this front."
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Geopolitical tensions: Geopolitical tensions added to the pressure after protests in Iran raised concerns over instability in the region. US President Donald Trump said he was considering possible options on Iran and reiterated earlier <a href="https://www.moneycontrol.com/world/trump-says-us-must-take-greenland-or-russia-china-will-and-he-won-t-let-that-happen-article-13767660.html" target="_blank">remarks on Greenland and the NATO alliance</a>.

4) Concerns over Fed independence: Uncertainty also persisted around the US Federal Reserve after reports of tensions between President Trump and Fed Chair Jerome Powell, including a criminal investigation into Powell by US prosecutors. The development overshadowed the latest US jobs data and kept investors cautious ahead of the January 27-28 FOMC meeting, which could influence the RBI’s policy decision in early February.

5) Persistent FII outflows: Foreign institutional investors (FIIs) continued to sell, offloading equities worth Rs 3,769.31 crore on Friday, marking the fifth straight session of net selling after a brief pause on January 2.

6) Rising Crude: Rising crude oil prices also weighed on sentiment. Brent crude, the global oil benchmark, rose 0.24 percent to USD 63.49 per barrel.

7) Investors await TCS, HCLTech Q3 results: Investors remained cautious ahead of quarterly earnings announcements from IT majors Tata Consultancy Services and HCL Technologies later in the day.

8) Uncertainty around India-US trade deal: Uncertainty also lingered over a US Supreme Court ruling on President Trump’s trade tariffs. Markets had expected a decision last week, but the delay kept investors on edge.

Analysts said the absence of an India–U.S. trade deal, elevated geopolitical tensions and continued foreign outflows are dulling expectations for the December-quarter earnings season.

"Concerns over higher tariffs following U.S. President Donald Trump's remarks last week have unsettled domestic markets, triggering profit-taking and intensifying foreign outflows," G Chokkalingam, founder and head of research at Equinomics Research told Reuters. However, improvement in earnings in the December quarter could help cushion market sentiment against global headwinds, Chokkalingam added.
<h3>Technical outlook</h3>
On the technical front, analysts said a decisive break below the 100-day exponential moving average at 25,619 could accelerate selling towards the next support at 25,318, while any recovery is likely to face resistance in the 25,950–26,000 zone.

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.

Bear attack continues: Sensex falls 700 pts, Nifty below 25,500; 8 key factors behind market decline

Sensex Today News: Sensex falls 700 pts, Nifty below 25,500: Weak global cues among key factors behind market decline

The benchmark equity indices extended their losses for a 6th straight session on Monday, tracking weak global cues, sustained foreign fund outflows and rising geopolitical concerns.

At around 11:45 a.m., the Sensex fell 696.73 points or 0.83 percent to 82,879.51, while the broader Nifty declined to its lowest level in two months to hit 25,477.80, down 205.50 points or 0.8 percent. More than 40 stocks of the Nifty50 index were trading in the red.

The market extended its decline after the worst weekly fall in over three months as profit-taking continued amid foreign fund outflows, concerns over possible additional US tariffs on Indian exports and geopolitical overhangs.

Max Healthcare, Eicher Motors, Bajaj Finance were among the major laggards in the Nifty50 pack, declining up to 2 percent, while Coal India and HDFC Life Insurance Company were among the top gainers, rising up to 3 percent. All the sectorsl indices were trading in the red. Market breadth remained negative as about 900 shares advanced, 2815 shares declined and 161 shares unchanged.
Key factors behind market decline
1) Wall Street Futures Decline: Weak global cues weighed on sentiment as Wall Street futures were trading up to 0.5 percent lower, indicating a weak start for US markets. Investors are also awaiting key US inflation data for further cues.

2) Decline in India Vix: India VIX, the volatility index, jumped 7.99 percent to 11.80, indicating rising uncertainty in the market.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said &quot;The market has turned distinctly weak, weighed down by a series of India-specific and global geopolitical events. The drama surrounding the US-India trade deal is getting murkier with strange remarks from the US administration. This is impacting the market. Geopolitical developments in Venezuela, the crisis in Iran and Trump’s threats regarding Greenland are also being viewed by the markets with concern. This has spiked the India volatility index India VIX indicating big volatility ahead. An expected ruling on Trump tariffs from the US Supreme Court on Friday didn’t materialise; there is no clarity on when this will happen. Yet it can happen any time and, therefore, investors have to be watchful of the development on this front.&quot;
Stock Market LIVE Updates
3) Geopolitical tensions: Geopolitical tensions added to the pressure after protests in Iran raised concerns over instability in the region. US President Donald Trump said he was considering possible options on Iran and reiterated earlier remarks on Greenland and the NATO alliance.

4) Concerns over Fed independence: Uncertainty also persisted around the US Federal Reserve after reports of tensions between President Trump and Fed Chair Jerome Powell, including a criminal investigation into Powell by US prosecutors. The development overshadowed the latest US jobs data and kept investors cautious ahead of the January 27-28 FOMC meeting, which could influence the RBI’s policy decision in early February.

5) Persistent FII outflows: Foreign institutional investors (FIIs) continued to sell, offloading equities worth Rs 3,769.31 crore on Friday, marking the fifth straight session of net selling after a brief pause on January 2.

6) Rising Crude: Rising crude oil prices also weighed on sentiment. Brent crude, the global oil benchmark, rose 0.24 percent to USD 63.49 per barrel.

7) Investors await TCS, HCLTech Q3 results: Investors remained cautious ahead of quarterly earnings announcements from IT majors Tata Consultancy Services and HCL Technologies later in the day.

8) Uncertainty around India-US trade deal: Uncertainty also lingered over a US Supreme Court ruling on President Trump’s trade tariffs. Markets had expected a decision last week, but the delay kept investors on edge.

Analysts said the absence of an India–U.S. trade deal, elevated geopolitical tensions and continued foreign outflows are dulling expectations for the December-quarter earnings season.

&quot;Concerns over higher tariffs following U.S. President Donald Trump's remarks last week have unsettled domestic markets, triggering profit-taking and intensifying foreign outflows,&quot; G Chokkalingam, founder and head of research at Equinomics Research told Reuters. However, improvement in earnings in the December quarter could help cushion market sentiment against global headwinds, Chokkalingam added.
Technical outlook
On the technical front, analysts said a decisive break below the 100-day exponential moving average at 25,619 could accelerate selling towards the next support at 25,318, while any recovery is likely to face resistance in the 25,950–26,000 zone.

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.

When talking to money managers and advisors, and reading their views in the public domain, there seems to be a cautious perception that we are heading into unknown territory.

But it all can be summarised into three broad questions.

Is it time to get into small caps?

After a strong run in 2023-24, small-cap valuations stretched and when earnings did not match, they were justifiably beaten down.

Nilesh Shah, MD of Kotak Mutual Fund, in a <a href="https://www.moneycontrol.com/news/business/markets/earnings-growth-to-drive-equity-returns-in-2026-not-valuation-re-rating-kotak-amc-s-nilesh-shah-13751621.html">Moneycontrol interview</a> cautioned that while valuations have corrected from their peaks, offering some comfort, they remain elevated. So selective outperformance rather than a broad rally is what he expects.

In a recent interview with <a href="https://www.cnbctv18.com/market/stock-picking-sector-calls-key-in-mature-bull-market-icici-prudential-amc-s-naren-artificial-intelligence-it-sector-alpha-article-19811150.htm">CNBC TV18</a>, Sankaran Naren, CIO of ICICI Prudential Mutual Fund, spoke along the same lines. “We are in a mature bull market. Nothing at this point in time looks dirt cheap. You have to do a lot of work to try to make money; serious stock picking.” The days of metals and PSUs being dirt cheap, as they were in 2020, no longer exist. While there are opportunities across pharmaceuticals, healthcare and software, he noted that they are not sector-wide calls, but specific companies where prices have corrected meaningfully and the risk-reward still looks reasonable.

The sensitivity of stock performance to earnings growth will be the factor to watch out for, and hopefully pleasantly surprise.

Is it time to go global?

Global markets did very well in 2025. South Korea, Hong Kong, Shanghai, Tokyo, London, Frankfurt, Brazil, Wall Street all delivered. By contrast, India disappointed. Ever since September 2024, the market has not really gone anywhere. In the last few days of September 2024, the Sensex crossed 85,000, and on December 31, 2025, it closed at the same level.

Worth mentioning is that the growth of the US economy has been largely driven by multibillion-dollar investments in artificial intelligence (AI), indicating that investments outside AI-linked sectors remain weak. “Investment in AI-related sectors is critical to GDP growth and the US would be close to recession this year if it weren’t for tech-related spending, as other spending has flatlined post-Covid,” analysts Adrian Cox and Stefan Abrudan wrote in a Deutsche Bank note. In another note, Bank of America’s Justin Post and Nitin Bansal estimate that AI capex from just five “hyperscalers” (Alphabet, Meta, Microsoft, Amazon, Oracle) totalled $399 billion in 2025.

What happens if the AI bubble bursts? Is stagflation a risk to the big economies in 2026? If the above markets were on a roll in 2025, does that mean India will be a contrarian play in 2026 and money will find its way here?

Devina Mehra, MD of First Global, says that sentiment is the contra indicator. When 30 percent returns are a given, as was the case in 2024, one must be wary. When there is uncertainty, fear and anxiety, the returns are usually above normal. “The returns in 2026 may well in higher than what we have seen of late because history shows that sharp market rises come at a time of despondency.” Her message to investors: Stay invested. This is not the time to jump ship.

Is it time to increase allocation to silver?

Gold, Silver, and Copper rallied in 2025. Post a substantial climb,

individuals who have never considered having silver in their portfolio, latched on to ETFs.

Sankaran Naren, CIO of ICICI Prudential Mutual Fund, is not very positive on gold or silver going ahead. But there are counter views too, while many are sitting on the fence. As one trader summed it up, “I am long on silver but not buying fresh. Will accumulate in the coming drawdown in 2026.”

A year ago, everyone wanted to invest in small caps. Towards the second half of 2025, everyone was flocking to silver. When it is time to move out of a euphoric asset class to a fearful one, the reverse is happening.

Some advice for 2026

“No serious investor can afford to disrespect asset allocation,  because it allows you to benefit from any asset class that is doing well. Chasing the latest performer will blow up in your face. Expecting linear return in investing is foolishness. Asset allocation is what pushes you towards your goals while balancing volatility. Keep your eyes fixed on that.”

-       Mahesh Mirpuri, financial coach and mutual fund distributor

“Our portfolio construction is never skewed to any particular asset class but always aligned to individual goals and objectives. That is the only way to play the long game; an unwavering focus on the individual financial milestone.”

-       Sridevi Ganesh, Ploutus Asset Services

So, for instance, the decision on whether to diversify into small-caps within your equity asset allocation must be viewed holistically and not just because there is a potential of a run up in the near term. If you are not sure of the trajectory of silver, then opt for a multi-asset fund where the fund manager will make the call on silver or gold.

Remember, the principles of investing never change, irrespective of the state of the markets. Or the calendar year.

Larissa Fernand writes on personal finance and investing. She focuses on understanding the mindset of investors and their relationship with money. Views are personal and do not represent the stand of this publication.

&nbsp;

&nbsp;

writes on personal finance and investing. She focuses on understanding the mindset of investors and their relationship with money. Views are personal and do not represent the stand of this publication.

Personal Finance: No crystal ball for 2026

When talking to money managers and advisors, and reading their views in the public domain, there seems to be a cautious perception that we are heading into unknown territory.

But it all can be summarised into three broad questions.

Is it time to get into small caps?

After a strong run in 2023-24, small-cap valuations stretched and when earnings did not match, they were justifiably beaten down.

Nilesh Shah, MD of Kotak Mutual Fund, in a Moneycontrol interview cautioned that while valuations have corrected from their peaks, offering some comfort, they remain elevated. So selective outperformance rather than a broad rally is what he expects.

In a recent interview with CNBC TV18, Sankaran Naren, CIO of ICICI Prudential Mutual Fund, spoke along the same lines. “We are in a mature bull market. Nothing at this point in time looks dirt cheap. You have to do a lot of work to try to make money; serious stock picking.” The days of metals and PSUs being dirt cheap, as they were in 2020, no longer exist. While there are opportunities across pharmaceuticals, healthcare and software, he noted that they are not sector-wide calls, but specific companies where prices have corrected meaningfully and the risk-reward still looks reasonable.

The sensitivity of stock performance to earnings growth will be the factor to watch out for, and hopefully pleasantly surprise.

Is it time to go global?

Global markets did very well in 2025. South Korea, Hong Kong, Shanghai, Tokyo, London, Frankfurt, Brazil, Wall Street all delivered. By contrast, India disappointed. Ever since September 2024, the market has not really gone anywhere. In the last few days of September 2024, the Sensex crossed 85,000, and on December 31, 2025, it closed at the same level.

Worth mentioning is that the growth of the US economy has been largely driven by multibillion-dollar investments in artificial intelligence (AI), indicating that investments outside AI-linked sectors remain weak. “Investment in AI-related sectors is critical to GDP growth and the US would be close to recession this year if it weren’t for tech-related spending, as other spending has flatlined post-Covid,” analysts Adrian Cox and Stefan Abrudan wrote in a Deutsche Bank note. In another note, Bank of America’s Justin Post and Nitin Bansal estimate that AI capex from just five “hyperscalers” (Alphabet, Meta, Microsoft, Amazon, Oracle) totalled $399 billion in 2025.

What happens if the AI bubble bursts? Is stagflation a risk to the big economies in 2026? If the above markets were on a roll in 2025, does that mean India will be a contrarian play in 2026 and money will find its way here?

Devina Mehra, MD of First Global, says that sentiment is the contra indicator. When 30 percent returns are a given, as was the case in 2024, one must be wary. When there is uncertainty, fear and anxiety, the returns are usually above normal. “The returns in 2026 may well in higher than what we have seen of late because history shows that sharp market rises come at a time of despondency.” Her message to investors: Stay invested. This is not the time to jump ship.

Is it time to increase allocation to silver?

Gold, Silver, and Copper rallied in 2025. Post a substantial climb,

individuals who have never considered having silver in their portfolio, latched on to ETFs.

Sankaran Naren, CIO of ICICI Prudential Mutual Fund, is not very positive on gold or silver going ahead. But there are counter views too, while many are sitting on the fence. As one trader summed it up, “I am long on silver but not buying fresh. Will accumulate in the coming drawdown in 2026.”

A year ago, everyone wanted to invest in small caps. Towards the second half of 2025, everyone was flocking to silver. When it is time to move out of a euphoric asset class to a fearful one, the reverse is happening.

Some advice for 2026

“No serious investor can afford to disrespect asset allocation,  because it allows you to benefit from any asset class that is doing well. Chasing the latest performer will blow up in your face. Expecting linear return in investing is foolishness. Asset allocation is what pushes you towards your goals while balancing volatility. Keep your eyes fixed on that.”

-       Mahesh Mirpuri, financial coach and mutual fund distributor

“Our portfolio construction is never skewed to any particular asset class but always aligned to individual goals and objectives. That is the only way to play the long game; an unwavering focus on the individual financial milestone.”

-       Sridevi Ganesh, Ploutus Asset Services

So, for instance, the decision on whether to diversify into small-caps within your equity asset allocation must be viewed holistically and not just because there is a potential of a run up in the near term. If you are not sure of the trajectory of silver, then opt for a multi-asset fund where the fund manager will make the call on silver or gold.

Remember, the principles of investing never change, irrespective of the state of the markets. Or the calendar year.

Larissa Fernand writes on personal finance and investing. She focuses on understanding the mindset of investors and their relationship with money. Views are personal and do not represent the stand of this publication.

&amp;nbsp;

&amp;nbsp;

8 out of 15 years NIFTY AUTO has given positive returns in January.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	28,390.82	28,693.98	28,871.97	28,212.83	27,909.67	27,731.68	27,428.52
Fibonacci	28,396.63	28,510.18	28,693.98	28,212.83	28,029.03	27,915.48	27,731.68
Camarilla	28,131.76	28,175.86	28,219.97	28,212.83	28,043.54	27,999.44	27,955.33

INDEX CONTRIBUTION - NIFTY Auto

Net Contribution

MC TechnicalsPRO

Pivot levels

Seasonality analysis

News

Moving Averages
Technical Indicators
Moving Averages Crossovers