Closing Bell: Nifty around 26,150, Sensex flat; FMCG sheds 3%, telecom up 1.5%

Indian equity indices ended flat in the volatile first day of 2026. At close, the Sensex was down 32.00 points or 0.04 percent at 85,188.60, and the Nifty was up 16.95 points or 0.06 percent at 26,146.55.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

After witnessing a sharp upmove on Wednesday, Nifty consolidated with narrow range movement on Thursday and closed the day higher by 16 points. Nifty opened on a positive note, later shifted into a range bound action and that continued for the whole session. The high low range for the day was around 85 points.

A small negative candle was formed on the daily chart and Nifty is currently resisting at the down sloping trend line around 26200 levels. Having formed a new higher bottom reversal pattern recently at 25878, the market is expected move up further and break decisively above the hurdle of 26200 levels after 1-2 sessions of consolidation movement.

The near-term uptrend of Nifty remains intact. After a smaller consolidation movement near 26100-26200 levels in the short term, the Nifty is expected to show sharp breakout towards 26300-26400 levels in the near term. Immediate support is placed at 26050.

The Indian rupee weakened against the US dollar as a lack of major catalysts left the market searching for direction. Thin liquidity, driven by restricted supply and persistent demand, put upward pressure on the pair as major forex markets observed New Year Holiday today.

Looking ahead, USDINR is expected to trade within a near-term range, finding support at 89.40 and resistance at 90.26.

Force Motors closed at Rs 20,859.95, up Rs 303.00, or 1.47 percent.

It has touched an intraday high of Rs 20,900 and an intraday low of Rs 20,450.

It was traded with volumes of 7,177 shares, compared to its five day average of 7,476 shares, a decrease of -4.00 percent.

On the first trading session of calendar year 2026, the benchmark Nifty index opened the year on a subdued note, moving within a narrow intraday band of just 84 points. This was the smallest daily trading range recorded since September 17, 2025, reflecting a phase of indecision and limited participation from both buyers and sellers. The index ultimately formed a small-bodied candle on the daily chart, a technical signal that typically denotes hesitation and a lack of clear directional conviction in the market.

Within the Nifty constituents, Shriram Finance and Bajaj Auto emerged as the top performers, contributing positively to the index. On the other hand, ITC and Dr. Reddy’s Laboratories were among the major laggards, weighing on overall sentiment. Sector-wise, the leadership came from Nifty Auto and Nifty Metal, both of which witnessed healthy buying interest. Conversely, Nifty FMCG and Nifty Pharma ended as the weakest sectoral indices for the session.

The broader market displayed a mixed undertone. The Nifty Midcap 100 outpaced the headline index and closed with gains of nearly 0.50%, signaling selective strength in mid-sized companies. Meanwhile, the Nifty Small Cap 100 finished almost unchanged, reflecting muted action in the small-cap space. Market breadth remained neutral, with the Advance/Decline ratio staying largely flat.

Nifty View

Going ahead, for Nifty, the zone of 26200-26240 will act as an important hurdle for the index. Any sustainable move above the 26240 level will lead to a sharp upside rally in the index upto the 26400 level in the short term. On the downside, the zone of 26030-26000 will act as immediate support for the index.

Bank Nifty View

The banking benchmark, Bank Nifty, also mirrored the broader market’s subdued sentiment. The index moved within a narrow intraday range of just 174 points, marking its lowest daily trading range since May 2024. Such a tight range highlights a clear phase of consolidation and hesitation among market participants. On the daily chart, the index formed a small-bodied candle, reinforcing the view that neither bulls nor bears were willing to take decisive control during the session.

Going ahead, the zone of 59900–60000 will act as the immediate hurdle. A sustained move above 60000 is likely to trigger a continuation of the up move, opening the doors for a rally toward 60600 in the near term. On the downside, the levels of 59200–59100 remain crucial support. A breach below this zone may pause the bullish momentum.

Hyundai Motor India recorded total monthly sales of 58,702 units in December 2025 thereby registering Y-o-Y growth of 6.6%.

This includes monthly domestic sales of 42,416 units and exports of 16,286 units.

Indian rupee ended lower 89.96 per dollar on Thursday versus previous close of 89.87.

Indian equity indices ended flat in the volatile first day of 2026.

At close, the Sensex was down 32 points or 0.04 percent at 85,188.60, and the Nifty was up 16.95 points or 0.06 percent at 26,146.55. About 2113 shares advanced, 1872 shares declined, and 159 shares unchanged.

Eternal, NTPC, Bajaj Auto, Shriram Finance, Wipro were among top gainers on the Nifty, while losers were ITC, Bajaj Finance, Dr Reddy's Labs, ONGC, Tata Consumer.

On the sectoral front, FMCG index shed 3 percent, and pharma index down 0.4 percent, while auto, IT, metal, power, telecom, PSU Bank up 0.4-1.5 percent.

The BSE midcap index rose 0.3 percent, while smallcap index ended flat.

Thyrocare Technologies was quoting at Rs 447.60, up Rs 1.60, or 0.36 percent.

It has touched an intraday high of Rs 451.80 and an intraday low of Rs 441.00.

It was trading with volumes of 7,135 shares, compared to its five day average of 13,518 shares, a decrease of -47.22 percent.

In the previous trading session, the share closed down 1.36 percent or Rs 6.15 at Rs 446.00.

The share touched a 52-week high of Rs 537.97 and a 52-week low of Rs 219.33 on 17 November, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 16.8 percent below its 52-week high and 104.08 percent above its 52-week low.

Market capitalisation stands at Rs 7,124.08 crore.

CSB Bank was quoting at Rs 484.55, up Rs 25.40, or 5.53 percent.

It has touched a 52-week high of Rs 490.20.

It has touched an intraday high of Rs 490.20 and an intraday low of Rs 451.50.

It was trading with volumes of 38,804 shares, compared to its five day average of 13,434 shares, an increase of 188.84 percent.

In the previous trading session, the share closed up 4.60 percent or Rs 20.20 at Rs 459.15.

Market capitalisation stands at Rs 8,406.26 crore.

NMDC was quoting at Rs 83.50, up Rs 0.33, or 0.40 percent.

It has touched an intraday high of Rs 83.64 and an intraday low of Rs 82.20.

It was trading with volumes of 1,597,322 shares, compared to its five day average of 2,388,331 shares, a decrease of -33.12 percent.

In the previous trading session, the share closed down 0.29 percent or Rs 0.24 at Rs 83.17.

The share touched a 52-week high of Rs 84.56 and a 52-week low of Rs 59.56 on 31 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 1.25 percent below its 52-week high and 40.19 percent above its 52-week low.

Market capitalisation stands at Rs 73,411.68 crore.

Bharat Electronics was quoting at Rs 398.15, down Rs 1.55, or 0.39 percent.

It has touched an intraday high of Rs 400.15 and an intraday low of Rs 394.55.

It was trading with volumes of 514,591 shares, compared to its five day average of 736,569 shares, a decrease of -30.14 percent.

In the previous trading session, the share closed up 1.56 percent or Rs 6.15 at Rs 399.70.

The share touched a 52-week high of Rs 435.95 and a 52-week low of Rs 240.15 on 01 July, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 8.67 percent below its 52-week high and 65.79 percent above its 52-week low.

Market capitalisation stands at Rs 291,038.84 crore.

#1 3-year safeguard duty finally comes through

#2 Sharp domestic price hikes seen in Dec, expect further hikes (Rs 1,500-2,000/tonne) in Jan

#3 Earnings upgrades would need lower Chinese exports

The Sensex was up 47.95 points or 0.06 percent at 85,268.55, and the Nifty was up 31.85 points or 0.12 percent at 26,161.45. About 2011 shares advanced, 1795 shares declined, and 131 shares unchanged.

The company has received an order from the CGST Gurugram Commissionerate, Gurugram, raising a demand of Rs 148.33 crore (including interest and penalty) for the financial years 2018–19, 2019–20, and 2021–22.

Redington was quoting at Rs 274.65, up Rs 2.80, or 1.03 percent.

It has touched an intraday high of Rs 275.65 and an intraday low of Rs 270.00.

It was trading with volumes of 40,961 shares, compared to its five day average of 110,089 shares, a decrease of -62.79 percent.

In the previous trading session, the share closed up 1.27 percent or Rs 3.40 at Rs 271.85.

The share touched a 52-week high of Rs 334.90 and a 52-week low of Rs 181.25 on 30 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.99 percent below its 52-week high and 51.53 percent above its 52-week low.

Market capitalisation stands at Rs 21,471.43 crore.

Tata Motors Passenger Vehicles recorded vehicle sales of 50,519 units in December, a 14 percent increase from 44,289 units a year ago.

The commercial vehicles company saw sales rise 25 percent to 42,508 units, compared with 33,875 units in the same month last year.

ICICI Bank stock was the biggest drag on the Sensex, knocking off more than 4 index points. Bajaj Finance and Bajaj Finserv also contributed to the downside with losses of around 1-2 points each. Meanwhile, steep selling in ITC and weakness in Bharat Electronics added modest pressure on the benchmark.

HDFC Bank and Reliance Industries shares were the biggest positive contributors to the Sensex at this hour, together adding over 11 index points. Infosys, Larsen & Toubro and HCL Technologies also lent support, each contributing between 2-3 points to the benchmark’s gains.

Godfrey Phillips stock plunged nearly 17 percent, topping the list of BSE Smallcap laggards. Indo Thai Securities, Le Travenues Technology and KR Rail Engineering shares were down about 5 percent each. TD Power Systems, Bhagiradh Chemicals, Shree Pushkar Chemicals, NDR Auto Components, Westlife Foodworld and Kiri Industries also slipped 3-4 percent, weighing on the broader smallcap segment.

Quality Power stock surged nearly 14 percent to lead the BSE Smallcap gainers, followed by Piccadily Agro and 5paisa Capital -- both up over 10 percent. Entero Healthcare Solutions and Panama Petrochem also jumped around 10 percent each. Integrated Industries, Kross, Steel Strips Wheels, Sunteck Realty and Atul Auto shares advanced between 8 and 9 percent, contributing to broad-based strength in the smallcap space.

Gillette India and L&T Technology Services were the top drags on the BSE Midcap index, slipping about 2.3 percent each. JK Cement, Clean Science and Kaynes Technology declined around 2 percent, while Abbott India, Dixon Technologies, Endurance Technologies, Motilal Oswal and IGL were down roughly 1.5-1.9 percent.

Ajanta Pharma stock led the BSE Midcap index, rallying 5.5 percent. Ola Electric surged over 4 percent, while Supreme Industries, APL Apollo and Ashok Leyland shares gained 3-4 percent. Other notable gainers included Astral, Escorts Kubota, Blue Star, 3M India and Lloyds Metals, rising around 2-3 percent each.

Sectoral trends on the BSE remained mixed. FMCG index continued to be the biggest laggard, down nearly 3 percent, followed by mild weakness in healthcare. In contrast, telecom and utilities advanced more than 1 percent each, while autos and power stocks also showed strength. Banking and capital goods were largely flat, signalling a balanced but cautious market mood.

ITC stock remained the biggest drag on the Sensex, slumping nearly 9 percent. Bajaj Finance and Bharat Electronics shares were down a little over 1 percent each, while Bajaj Finserv and ICICI Bank slipped modestly. Asian Paints and Hindustan Unilever were marginally lower, contributing to the subdued sentiment on the index.

Eternal shares led the gains on the Sensex, rising a little over 2 percent, followed by NTPC which was up nearly 1.8 percent. Mahindra & Mahindra stock advanced close to 1.5 percent, while Larsen & Toubro gained a little over 1.3 percent. Infosys, HCL Technologies and InterGlobe Aviation also traded higher, adding further support to the benchmark.

The Sensex was up 55.86 points or 0.07 percent at 85,276.46, and the Nifty was up 27.15 points or 0.10 percent at 26,156.75. About 1900 shares advanced, 1825 shares declined, and 149 shares unchanged.

The shares of tobacco companies sharply dropped in trade on January 1 after the government imposed new excise duty on cigarettes.

#1 Business growth steady, RoA to sustain at 2 percent

#2 NIMs to remain range-bound with an upward bias

#3 Credit cost, which peaked in Q1, is expected to trend down gradually

#4 Management expecting a comfortable credit cost range of 55- 60 bps over medium term

#5 Estimate bank to deliver robust return ratios, with RoA/RoE at 2 percent/12.7 percent by FY27

Finolex Cables was quoting at Rs 782.10, up Rs 32.50, or 4.34 percent.

It has touched an intraday high of Rs 787.05 and an intraday low of Rs 748.50.

It was trading with volumes of 15,915 shares, compared to its five day average of 7,565 shares, an increase of 110.38 percent.

In the previous trading session, the share closed up 2.47 percent or Rs 18.05 at Rs 749.60.

The share touched a 52-week high of Rs 1,190 and a 52-week low of Rs 708 on 02 January, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 34.28 percent below its 52-week high and 10.47 percent above its 52-week low.

Market capitalisation stands at Rs 11,961.39 crore.

NTPC was quoting at Rs 335.20, up Rs 5.75, or 1.75 percent.

It has touched an intraday high of Rs 336.50 and an intraday low of Rs 329.45.

It was trading with volumes of 126,238 shares, compared to its five day average of 357,238 shares, a decrease of -64.66 percent.

In the previous trading session, the share closed up 1.42 percent or Rs 4.60 at Rs 329.45.

The share touched a 52-week high of Rs 371.10 and a 52-week low of Rs 292.70 on 25 March, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 9.67 percent below its 52-week high and 14.52 percent above its 52-week low.

Market capitalisation stands at Rs 325,032.25 crore.

Ashok Leyland was quoting at Rs 184.15, up Rs 5.05, or 2.82 percent.

It has touched a 52-week high of Rs 185.55.

It has touched an intraday high of Rs 185.55 and an intraday low of Rs 178.95.

It was trading with volumes of 901,198 shares, compared to its five day average of 486,747 shares, an increase of 85.15 percent.

In the previous trading session, the share closed up 0.22 percent or Rs 0.40 at Rs 179.10.

Market capitalisation stands at Rs 108,167.03 crore.

#1 Expect M&M to sustain its growth momentum

#2 Near-Term tailwinds in the tractor segment

#3 New launches and export-driven growth in the auto division

#4 GST-led benefits for the LCV segment in the coming quarters

#5 Expect company to retain a leadership position in all three segments

#6 Profitability will be supported by an improving mix and operating leverage benefits

#1 India imposes safeguard duty on steel imports from China, Vietnam and Nepal

#2 Expected steel price hike to further affect auto companies amid rising precious metals cost

#3 Steel accounts for approximately 20 percent for CV, 10 percent for cars & 5-7 percent for 2Ws of their net sales

The company has received an order from the CGST Gurugram Commissionerate, Gurugram, raising a demand of Rs 148.33 crore (including interest and penalty) for the financial years 2018–19, 2019–20, and 2021–22.

Redington was quoting at Rs 274.65, up Rs 2.80, or 1.03 percent.

It has touched an intraday high of Rs 275.65 and an intraday low of Rs 270.

It was trading with volumes of 37,780 shares, compared to its five day average of 110,089 shares, a decrease of -65.68 percent.

In the previous trading session, the share closed up 1.27 percent or Rs 3.40 at Rs 271.85.

The share touched a 52-week high of Rs 334.90 and a 52-week low of Rs 181.25 on 30 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.99 percent below its 52-week high and 51.53 percent above its 52-week low.

Market capitalisation stands at Rs 21,471.43 crore.

Promoter UK Paints (India) has acquired a 14.48 percent stake in the company from Jenson & Nicholson (Asia) as part of a restructuring exercise, increasing its shareholding to 64.57 percent.

The company has received a purchase order worth Rs 22,39,05,000 from Cabcon India.

Marsons was quoting at Rs 147.55, down Rs 1.40, or 0.94 percent.

It has touched an intraday high of Rs 150.65 and an intraday low of Rs 147.55.

It was trading with volumes of 93,842 shares, compared to its five day average of 221,767 shares, a decrease of -57.68 percent.

In the previous trading session, the share closed down 0.60 percent or Rs 0.90 at Rs 148.95.

The share touched a 52-week high of Rs 231.50 and a 52-week low of Rs 115.00 on 01 July, 2025 and 20 February, 2025, respectively.

Currently, the stock is trading 36.26 percent below its 52-week high and 28.3 percent above its 52-week low.

Market capitalisation stands at Rs 2,539.34 crore.

In December 2025, Maruti Suzuki India sold a total of 217,854 units. Domestic sales reached an all-time high of 182,165 units. The sales to other OEM were at 9,950 units and exports were at 25,739 units.

With this, company closed CY2025 with highest-ever total sales of 2,351,139 units, which also includes highest-ever exports of 395,648 units.

Maruti Suzuki India was quoting at Rs 16,641.55, down Rs 62.70, or 0.38 percent.

It has touched an intraday high of Rs 16,797.40 and an intraday low of Rs 16,636.70.

It was trading with volumes of 2,721 shares, compared to its five day average of 16,799 shares, a decrease of -83.80 percent.

In the previous trading session, the share closed up 0.60 percent or Rs 100.35 at Rs 16,704.25.

The share touched a 52-week high of Rs 16,825 and a 52-week low of Rs 11,072.20 on 30 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 1.09 percent below its 52-week high and 50.3 percent above its 52-week low.

Market capitalisation stands at Rs 523,214.62 crore.

APL Apollo Tubes announced its all-time high sales volume for Q3FY26. The company registered the sales volume of 916,976 ton in Q3FY26 compared to 855,037 ton in Q2FY26 and 828,200 ton in Q3FY25.

For 9MFY26, the company reported sales volume of 2,566,363 ton, an increase of 11% YoY.

APL Apollo Tubes was quoting at Rs 1,956.20, up Rs 41.75, or 2.18 percent.

It has touched a 52-week high of Rs 1,960.

It has touched an intraday high of Rs 1,960 and an intraday low of Rs 1,917.50.

It was trading with volumes of 17,957 shares, compared to its five day average of 11,132 shares, an increase of 61.31 percent.

In the previous trading session, the share closed up 1.66 percent or Rs 31.35 at Rs 1,914.45.

Market capitalisation stands at Rs 54,311.16 crore.

Shakti Pumps (India) has further received new work order from Madhya Pradesh Urja Vikas Nigam for 1,952 stand‐alone Off‐Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Madhya Pradesh. Total value of the pumps is Rs 67.32 crore.

Shakti Pumps (India) was quoting at Rs 740.00, up Rs 15.25, or 2.10 percent.

It has touched an intraday high of Rs 747.70 and an intraday low of Rs 722.10.

It was trading with volumes of 148,035 shares, compared to its five day average of 138,528 shares, an increase of 6.86 percent.

In the previous trading session, the share closed up 3.45 percent or Rs 24.15 at Rs 724.75.

The share touched a 52-week high of Rs 1,398.00 and a 52-week low of Rs 549.00 on 09 January, 2025 and 10 December, 2025, respectively.

Currently, the stock is trading 47.07 percent below its 52-week high and 34.79 percent above its 52-week low.

Market capitalisation stands at Rs 9,131.45 crore.

#1 Loss stands at Rs 12.8 crore Vs profit of Rs 116.6 crore, YoY

#2 Revenue sinks 63.8 percent to Rs 410.4 crore Vs Rs 1,134.6 crore, YoY

#3 Other income plunges 79.5 percent to Rs 53.5 crore Vs Rs 261.2 crore, YoY

Jindal Poly Films was quoting at Rs 484.85, down Rs 3.65, or 0.75 percent.

It has touched an intraday high of Rs 488.50 and an intraday low of Rs 474.75.

It was trading with volumes of 2,790 shares, compared to its five day average of 3,153 shares, a decrease of -11.50 percent.

In the previous trading session, the share closed up 1.21 percent or Rs 5.85 at Rs 488.50.

The share touched a 52-week high of Rs 992.15 and a 52-week low of Rs 473.95 on 03 January, 2025 and 19 December, 2025, respectively.

Currently, the stock is trading 51.13 percent below its 52-week high and 2.3 percent above its 52-week low.

Market capitalisation stands at Rs 2,122.98 crore.

Kalpataru Projects International along with its joint venture have secured new orders / notification of awards of approximately Rs 719 crores for elevated metro rail project in Thane, Maharashtra.

The Central Government has assigned Hardeep Singh Ahluwalia additional charge of the post of Managing Director & Chief Executive Officer of Canara Bank, effective January 1, for a period of three months. This follows the superannuation of the present MD & CEO, K Satyanarayana Raju, on December 31, 2025.

Currently, Hardeep Singh Ahluwalia is serving as the Executive Director of Canara Bank.

Canara Bank was quoting at Rs 155.20, up Rs 0.30, or 0.19 percent.

It has touched an intraday high of Rs 156.15 and an intraday low of Rs 154.15.

It was trading with volumes of 404,771 shares, compared to its five day average of 2,136,153 shares, a decrease of -81.05 percent.

In the previous trading session, the share closed up 0.58 percent or Rs 0.90 at Rs 154.90.

The share touched a 52-week high of Rs 158 and a 52-week low of Rs 78.58 on 31 December, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 1.77 percent below its 52-week high and 97.51 percent above its 52-week low.

Market capitalisation stands at Rs 140,776.51 crore.

United Spirits was quoting at Rs 1,398.75, down Rs 45.05, or 3.12 percent.

It has touched an intraday high of Rs 1,451 and an intraday low of Rs 1,395.45.

It was trading with volumes of 33,842 shares, compared to its five day average of 12,073 shares, an increase of 180.31 percent.

In the previous trading session, the share closed up 1.38 percent or Rs 19.70 at Rs 1,443.80.

The share touched a 52-week high of Rs 1,700 and a 52-week low of Rs 1,270.50 on 03 January, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 17.72 percent below its 52-week high and 10.09 percent above its 52-week low.

Market capitalisation stands at Rs 101,738.20 crore.

The company received four orders worth Rs 1,237.24 crore in December 2025. Of these, Rs 704.67 crore pertains to the buildings division, while Rs 532.57 crore relates to the transportation division.

NCC was quoting at Rs 161.30, up Rs 0.95, or 0.59 percent.

It has touched an intraday high of Rs 166.45 and an intraday low of Rs 161.15.

It was trading with volumes of 489,856 shares, compared to its five day average of 406,411 shares, an increase of 20.53 percent.

In the previous trading session, the share closed up 3.35 percent or Rs 5.20 at Rs 160.35.

The share touched a 52-week high of Rs 280.90 and a 52-week low of Rs 152.25 on 03 January, 2025 and 19 December, 2025, respectively.

Currently, the stock is trading 42.58 percent below its 52-week high and 5.94 percent above its 52-week low.

Market capitalisation stands at Rs 10,127.17 crore.

The Sensex was up 40.68 points or 0.05 percent at 85,261.28, and the Nifty was up 24.45 points or 0.09 percent at 26,154.05. About 1930 shares advanced, 1618 shares declined, and 166 shares unchanged.

Coal India was quoting at Rs 400.85, up Rs 1.70, or 0.43 percent.

It has touched an intraday high of Rs 401.95 and an intraday low of Rs 398.30.

It was trading with volumes of 127,943 shares, compared to its five day average of 398,869 shares, a decrease of -67.92 percent.

In the previous trading session, the share closed up 0.30 percent or Rs 1.20 at Rs 399.15.

The share touched a 52-week high of Rs 417.25 and a 52-week low of Rs 349.20 on 20 May, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 3.93 percent below its 52-week high and 14.79 percent above its 52-week low.

Market capitalisation stands at Rs 247,032.96 crore.

Caplin Point Laboratories, through its subsidiary companies of Caplin Steriles and Caplin One has acquired 10 approved ANDAs for Injectable and Opthalmic products from a leading Multinational Generic product manufacturing company.

Caplin Point Laboratories was quoting at Rs 1,869.20, up Rs 28.00, or 1.52 percent.

It has touched an intraday high of Rs 1,869.20 and an intraday low of Rs 1,823.70.

It was trading with volumes of 2,120 shares, compared to its five day average of 7,413 shares, a decrease of -71.40 percent.

In the previous trading session, the share closed up 3.01 percent or Rs 53.85 at Rs 1,841.20.

The share touched a 52-week high of Rs 2,625.00 and a 52-week low of Rs 1,551.05 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 28.79 percent below its 52-week high and 20.51 percent above its 52-week low.

Market capitalisation stands at Rs 14,208.11 crore.

KEC International has secured new orders of Rs 1,050 crores across various businesses.

KEC International was quoting at Rs 741.00, up Rs 3.50, or 0.47 percent.

It has touched an intraday high of Rs 742.80 and an intraday low of Rs 732.85.

It was trading with volumes of 7,899 shares, compared to its five day average of 19,173 shares, a decrease of -58.80 percent.

In the previous trading session, the share closed up 0.66 percent or Rs 4.80 at Rs 737.50.

The share touched a 52-week high of Rs 1,242.60 and a 52-week low of Rs 605.05 on 06 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 40.37 percent below its 52-week high and 22.47 percent above its 52-week low.

Market capitalisation stands at Rs 19,725.42 crore.

Unsoo Kim has resigned from the position of Managing Director & Director of Hyundai Motor India, effective December 31.

The company has received shareholders’ approval for the appointment of Tarun Garg as the new Managing Director & Chief Executive Officer, effective January 1, 2026.

Hyundai Motor India was quoting at Rs 2,289.05, down Rs 9.80, or 0.43 percent.

It has touched an intraday high of Rs 2,310 and an intraday low of Rs 2,284.10.

It was trading with volumes of 8,984 shares, compared to its five day average of 44,070 shares, a decrease of -79.61 percent.

In the previous trading session, the share closed down 0.15 percent or Rs 3.55 at Rs 2,298.85.

The share touched a 52-week high of Rs 2,889.65 and a 52-week low of Rs 1,542.95 on 22 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 20.78 percent below its 52-week high and 48.36 percent above its 52-week low.

Market capitalisation stands at Rs 185,994.72 crore.

The Commissioner of GST & Central Excise, Chennai, has substantially dropped the tax demand raised in the Show Cause Notice dated September 16, 2025, against the company’s subsidiary, Blue Dart Aviation.

Out of the total proposed demand of Rs 420.8 crore, Rs 420.13 crore has been set aside in respect of issues relating to the determination of place of supply and availment of input tax credit, after considering Blue Dart Aviation’s submissions.

The adjudicating authority has now revised the demand to Rs 64.98 lakh, along with interest of Rs 41.71 crore and a penalty of Rs 6.49 crore. The revised tax and interest have been voluntarily accepted and discharged by Blue Dart Aviation to avoid protracted litigation.

Blue Dart Express was quoting at Rs 5,725.00, up Rs 203.85, or 3.69 percent.

It has touched an intraday high of Rs 6,043.20 and an intraday low of Rs 5,573.60.

It was trading with volumes of 28,437 shares, compared to its five day average of 1,198 shares, an increase of 2,274.50 percent.

ITC remained the most active stock across both NSE and BSE, witnessing heavy volumes as the stock extended its decline. Hindustan Copper, Kiri Industries, Adani Power and Orient Technologies were also among the most active counters on the exchanges.

ITC remained the biggest drag on the Nifty, shaving off nearly 51 points following a sharp fall of over 6 percent. Bajaj Finance and Bharat Electronics also weighed on the index, together knocking off close to 14 points. Dr Reddy’s Laboratories and Sun Pharma contributed modestly to the downside.

Reliance Industries was the biggest positive contributor to the Nifty, adding about 14 points. Mahindra & Mahindra and Larsen & Toubro also provided strong support, contributing roughly 13 and 12 points respectively. Eternal and Adani Enterprises chipped in with contributions of around 8-11 points each.

Godfrey Phillips led the losers on the Nifty 500, sinking nearly 10 percent. ITC remained under heavy pressure, sliding over 5 percent. Deepak Fertilisers, Craftsman Automation and Devyani International declined between 2 percent and 3 percent. Westlife Foodworld, MMTC, Jubilant Pharmova, Usha Martin and Bharti Hexacom also traded weaker, down roughly 2 percent each.

Adani Total Gas topped the Nifty 500 chart with a surge of nearly 8 percent. Transformers & Rectifiers gained over 6 percent, while Adani Power advanced more than 4 percent. Indus Towers and Blue Dart were also notable movers, rising around 4 percent each. Other significant gainers included Supreme Industries, JK Tyre, JSW Energy, Ashok Leyland and Granules India, each up between roughly 2.5 percent and 3.5 percent.

Sectoral trends were broadly positive, led by gains in automobiles, infrastructure and IT. The Nifty Auto index rose nearly 0.8 percent, while Nifty Infra and Nifty IT added around 0.5-0.6 percent each. Energy, media, metals, PSU banks and private banks also inched higher.

In contrast, FMCG and pharma stocks weighed on sentiment. Nifty FMCG slipped about 2 percent, extending pressure from ITC’s sharp decline, while Nifty Pharma was down around 0.7 percent. Mid- and small-cap indices were largely flat to slightly negative.

ITC stock remained the biggest drag on the index, sliding nearly 6 percent after its sharp sell-off continued into the day. Dr Reddy’s Laboratories shares fell more than 1.5 percent, while Bharat Electronics and Tata Consumer Products were lower by about 0.8-0.9 percent each. ONGC, Hindustan Unilever, Cipla, Eicher Motors, Bajaj Finance and Sun Pharma were all down up to around half a percent.

InterGlobe Aviation shares led the upmove on the Nifty, rising about 1.5 percent. NTPC stock gained more than 1.4 percent, while Eternal and Adani Enterprises were up around 1.3 percent each. Larsen & Toubro and Mahindra & Mahindra also added over 1 percent, contributing to the index’s strength. Shriram Finance, HCL Technologies, Max Healthcare and Wipro traded with gains of roughly 0.8-1 percent.

Vodafone Idea was quoting at Rs 11.75, up Rs 0.99, or 9.20 percent.

It has touched an intraday high of Rs 11.80 and an intraday low of Rs 10.83.

It was trading with volumes of 90,470,349 shares, compared to its five day average of 32,936,707 shares, an increase of 174.68 percent.

In the previous trading session, the share closed down 10.85 percent or Rs 1.31 at Rs 10.76.

The share touched a 52-week high of Rs 12.80 and a 52-week low of Rs 6.12 on 31 December, 2025 and 14 August, 2025, respectively.

Currently, the stock is trading 8.2 percent below its 52-week high and 91.99 percent above its 52-week low.

Market capitalisation stands at Rs 127,303.07 crore.

The Sensex was up 131.70 points or 0.15 percent at 85,352.30, and the Nifty was up 40.40 points or 0.15 percent at 26,170.00. About 1919 shares advanced, 1491 shares declined, and 164 shares unchanged.

Steel Strips Wheels was quoting at Rs 199.20, up Rs 5.35, or 2.76 percent.

It has touched an intraday high of Rs 199.90 and an intraday low of Rs 191.90.

It was trading with volumes of 5,778 shares, compared to its five day average of 9,369 shares, a decrease of -38.33 percent.

#1 Post GST cut till date 2w/car volumes up +25 percent/+23 percent over like-for-like period last year

#2 Adjusting for deferred demand 4Ws, 2Ws have grown +18 percent/+21 percent YoY since GST cut

#3 CV volume growth likely to moderate towards mid-single-digits in March 2026-quarter

#5 Cars continue to outgrow 2Ws with +27 percent YoY growth in December versus 13 percent for 2Ws

The company’s subsidiaries, Adani Defence Systems and Technologies and Horizon Aero Solutions, have completed the acquisition of a 39 percent effective shareholding in Flight Simulation Technique Centre (FSTC) at an enterprise value of Rs 820 crore.

FSTC is a Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA)–approved pilot training organization that provides integrated flight training to pilots.

Adani Enterprises was quoting at Rs 2,264.15, up Rs 24.65, or 1.10 percent.

It has touched an intraday high of Rs 2,286.95 and an intraday low of Rs 2,240.05.

It was trading with volumes of 20,866 shares, compared to its five day average of 49,519 shares, a decrease of -57.86 percent.

Indus Towers was quoting at Rs 433.45, up Rs 15.00, or 3.58 percent.

It has touched a 52-week high of Rs 439.70.

It has touched an intraday high of Rs 439.70 and an intraday low of Rs 421.80.

It was trading with volumes of 259,052 shares, compared to its five day average of 281,856 shares, a decrease of -8.09 percent.

In the previous trading session, the share closed down 0.98 percent or Rs 4.15 at Rs 418.45.

Market capitalisation stands at Rs 114,351.16 crore.

Eicher Motors was quoting at Rs 7,282, down Rs 30.10, or 0.41 percent. It has touched an intraday high of Rs 7,336.65 and an intraday low of Rs 7,275.

Vishal Chaturvedi, Business Head – Cell, designated as Senior Management Personnel of the company, has resigned effective December 31 due to personal commitments.

Ola Electric Mobility was quoting at Rs 36.46, up Rs 0.18, or 0.50 percent.

It has touched an intraday high of Rs 36.66 and an intraday low of Rs 36.05.

It was trading with volumes of 986,264 shares, compared to its five day average of 6,520,399 shares, a decrease of -84.87 percent.

In the previous trading session, the share closed down 0.85 percent or Rs 0.31 at Rs 36.28.

The share touched a 52-week high of Rs 88.55 and a 52-week low of Rs 30.79 on 02 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 58.83 percent below its 52-week high and 18.42 percent above its 52-week low.

Market capitalisation stands at Rs 16,081.89 crore.

Vedamirtham Venkatesan has resigned from the position of Whole-Time Director and Chief Financial Officer of the company, effective December 31.

Take Solutions was quoting at Rs 40.60, up Rs 0.84, or 2.11 percent.

It has touched an intraday high of Rs 40.80 and an intraday low of Rs 40.05.

It was trading with volumes of 9,501 shares, compared to its five day average of 28,955 shares, a decrease of -67.19 percent.

In the previous trading session, the share closed up 0.30 percent or Rs 0.12 at Rs 39.76.

The share touched a 52-week high of Rs 41.50 and a 52-week low of Rs 6.70 on 31 December, 2025 and 01 April, 2025, respectively.

Currently, the stock is trading 2.17 percent below its 52-week high and 505.97 percent above its 52-week low.

Market capitalisation stands at Rs 600.61 crore.

#1 Business growth steady, RoA to sustain at 2 percent

#2 NIMs to remain range-bound with an upward bias

#3 Credit cost, which peaked in Q1, is expected to trend down gradually

#4 Management expecting a comfortable credit cost range of 55- 60 bps over medium term

#5 Estimate bank to deliver robust return ratios, with RoA/RoE at 2 percent/12.7 percent by FY27

The company received four orders worth Rs 1,237.24 crore in December 2025. Of these, Rs 704.67 crore pertains to the buildings division, while Rs 532.57 crore relates to the transportation division.

NCC was quoting at Rs 162.15, up Rs 1.80, or 1.12 percent.

It has touched an intraday high of Rs 166.45 and an intraday low of Rs 161.30.

It was trading with volumes of 393,228 shares, compared to its five day average of 406,411 shares, a decrease of -3.24 percent.

In the previous trading session, the share closed up 3.35 percent or Rs 5.20 at Rs 160.35.

The share touched a 52-week high of Rs 280.90 and a 52-week low of Rs 152.25 on 03 January, 2025 and 19 December, 2025, respectively.

Currently, the stock is trading 42.27 percent below its 52-week high and 6.5 percent above its 52-week low.

Market capitalisation stands at Rs 10,180.53 crore.

As the New Year begins let’s move forward from the important learnings of 2025. The three big learning’s are: one, the need to diversify across geographies, two, the importance of a multi -asset approach to investment and, three, the importance of valuations.

In 2026, even while adopting a multi-asset strategy, there should be higher allocation to equity than last year. And, in equity allocation, the largest segment should be to large caps.  The broader market might perform better than last year, but there is no valuation comfort in the broader market, especially in small caps.

In the initial phase of 2026, the returns from the market will be low.  A good rally will happen only when earnings indicate a good uptick and FIIs turn buyers in India.

The Sensex was up 104.81 points or 0.12 percent at 85,325.41, and the Nifty was up 27.90 points or 0.11 percent at 26,157.50. About 1956 shares advanced, 1140 shares declined, and 154 shares unchanged.

Mahindra and Mahindra was quoting at Rs 3,764.75, up Rs 55.15, or 1.49 percent.

It has touched an intraday high of Rs 3,774 and an intraday low of Rs 3,722.

It was trading with volumes of 45,415 shares, compared to its five day average of 78,359 shares, a decrease of -42.04 percent.

In the previous trading session, the share closed up 1.26 percent or Rs 46.10 at Rs 3,709.60.

The share touched a 52-week high of Rs 3,796 and a 52-week low of Rs 2,360.45 on 01 December, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 0.82 percent below its 52-week high and 59.49 percent above its 52-week low.

Market capitalisation stands at Rs 468,157.52 crore.

SML Mahindra was quoting at Rs 4,143.65, up Rs 168.15, or 4.23 percent.

It has touched an intraday high of Rs 4,174.25 and an intraday low of Rs 4,062.40.

It was trading with volumes of 10,516 shares, compared to its five day average of 4,623 shares, an increase of 127.49 percent.

In the previous trading session, the share closed up 0.59 percent or Rs 23.25 at Rs 3,975.50.

The share touched a 52-week high of Rs 4,744.90 and a 52-week low of Rs 1,030.90 on 25 August, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 12.67 percent below its 52-week high and 301.94 percent above its 52-week low.

Market capitalisation stands at Rs 5,996.54 crore.

The company has received three orders worth Rs 220.31 crore from Canara Bank and Navodaya Vidyalaya Samiti. This includes an order worth Rs 163.12 crore for planning, designing, and execution of construction of the Head Office Annex Building for Canara Bank at Rachanahalli Village, Bengaluru.

NBCC (India) was quoting at Rs 122.30, up Rs 0.55, or 0.45 percent.

It has touched an intraday high of Rs 123.75 and an intraday low of Rs 121.90.

It was trading with volumes of 184,366 shares, compared to its five day average of 1,157,298 shares, a decrease of -84.07 percent.