Closing Bell: Nifty at fresh closing high, Sensex jumps 573 pts; FMCG underperforms

Indian equity indices ended on strong note with Nifty above 26,250 on January 2. At close, the Sensex was up 573.41 points or 0.67 percent at 85,762.01, and the Nifty was up 182 points or 0.70 percent at 26,328.55.

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

Nifty witnessed sharp breakout on Friday and surpassed the crucial hurdles of around 26200-26300 levels and zoomed into new all-time highs at 26340. After opening on a positive note, the market continued to move up in the early to mid-part of the session. Minor dip was seen towards the end and Nifty bounced back subsequently and closed at the highs.

A long bull candle was formed on the daily chart which indicates a decisive break out of the recent consolidation movement. This is positive development and one may expect this upside momentum to continue for the short term.

The underlying trend of Nifty is sharply up. The next upside target to be watched for the next 1-2 weeks is around 26750 (61.8% Fibonacci Extension-taken from the swings of April low-June high and Aug low). Immediate support is placed at 26200.

Today, the Indian equity markets continued their positive momentum, with benchmark indices rising for the second consecutive session. The rally was supported by strong domestic indicators such as healthy GST collections, encouraging auto sales trends, and excitement around a major merger in the QSR space. The Sensex closed around 85,762, up nearly 0.67%, while the Nifty 50 ended near 26,328, also gaining about 0.7% and marking a fresh record high.

Buying interest was broad-based, led by auto, metal and select financial stocks, while FMCG shares underperformed. Positive domestic cues helped markets remain firm throughout the session, even as global signals remained mixed.

A key sentiment booster was the release of December 2025 GST collection data. Provisional numbers showed gross GST collections of around Rs 1.75 lakh crore, reflecting a 6.1% YoY growth. This pointed to resilient consumer demand and continued formalization of the economy. Strong tax collections also reinforced confidence in fiscal stability, supporting banking, auto, and discretionary consumption stocks.

The auto sector was another major contributor to gains. Early monthly dispatch trends indicated healthy year-end retail demand, particularly in passenger vehicles, SUVs, and premium two- wheelers. Expectations of a gradual recovery in rural demand and sustained replacement demand in urban areas supported sentiment across leading auto manufacturers and ancillary companies.

QSR stocks saw sharp gains following the announcement of an amalgamation between Devyani International and Sapphire Foods. The proposed merger, to be completed through a share swap effective 1 April 2026, will create one of India’s largest KFC and Pizza Hut franchise platforms. The combined entity is expected to generate Rs 210-225 crore in annual synergies by the second full year, improving growth prospects and profitability.

In the near term, the market outlook remains positive but stock-specific, with gains driven mainly by domestic factors rather than global cues. Strong GST collections and healthy auto demand support consumption, banking, and select cyclical stocks. However, with indices at record highs, valuations are stretched, leaving little margin for earnings disappointments.

Markets extended their gains on Friday and reclaimed record-high levels, marking a strong start to the New Year. The Nifty maintained a positive bias throughout the session and closed near the day’s high at 26,335, registering a gain of 0.73%. Sectoral participation was broad-based, with all sectors except FMCG contributing to the advance. Energy, realty and metal stocks emerged as the top performers. The broader markets moved in tandem with the benchmark, as midcap and smallcap indices gained between 0.78% and 1.03%, reflecting a clear improvement in market breadth.

Sentiment was supported by positive sector-specific developments, particularly stronger auto sales trends and an improving demand outlook across cyclical sectors. Select index heavyweights provided additional support, enabling the market to sustain its upward momentum despite the absence of strong global triggers, as several overseas markets remained closed due to holidays. Meanwhile, continued weakness in tobacco-related stocks weighed on the FMCG space following recent tax-related developments.

As anticipated, the Nifty has decisively crossed the key resistance at 26,200 and moved to a fresh record high. The prevailing trend remains positive, with the index now poised to gradually test the 26,500–26,700 zone in the near term. With broad sectoral participation excluding FMCG, participants are advised to focus on stock selection based on relative sector strength and favourable risk–reward opportunities.

Nifty broke out of the previous day’s narrow consolidation range of 26,113–26,198 and steadily moved higher as the session progressed. The index hit an all-time high of 26,340 today before finally closing at 26,328.55. On the daily chart, it has formed a sizeable bullish candle, indicating strong buying interest. The RSI has given a trendline breakout and is now settled above 60, signaling strengthening bullish momentum.

On the sectoral front, Nifty CPSE ended the day as the top sectoral gainer, followed by Nifty PSE. On the other hand, Nifty FMCG emerged as the lone sectoral loser. With regards to stocks, Coal India & NTPC emerged as the top stock gainers amongst the Nifty pack while ITC & Kotak Bank emerged as the top two losers.

The Midcap index has staged a sharp recovery after finding support near its 50-day EMA four sessions ago. Over the past three trading days, the index has gained 2.42%, reflecting renewed buying interest. Momentum is gradually building in the midcap space, backed by strong volumes. The recent price action suggests potential continuation of the recovery in the near term.

Small caps continued their upward momentum, extending gains and maintaining a higher-high, higher-low structure since mid-December. The index now trades above all key moving averages, indicating a structurally strong trend. Improved price action and sustained participation suggest growing confidence in the broader market, with momentum favouring further upside as long as the index holds above its recent swing lows.

The market breadth remained steady, with the advance-decline ratio skewed in the favor of bulls at days close. A total of 367 stocks out of the Nifty 500 universe ended in the green, indicating broad based participation.

Nifty View

Going ahead, for Nifty, the zone of 26,410-26,440 will act as an immediate resistance. Any sustained move above the 26,440 level could lead to Index extending its pullback higher towards the 26,520 level, followed by 26,600. On the downside, 26100 is expected to act as the immediate support followed by the 20-day EMA zone of 26,050-26,000.

Bank Nifty View

After breaking above the downward-sloping trendline breakout on the daily chart, Bank Nifty extended its upward move and scaled a fresh all-time high of 60,204. The price action remains supported by strong momentum indicators. RSI continues to hold above 60, DI+ has crossed above DI- on the ADX indicator and the MACD line has moved above the signal line, reinforcing the ongoing bullish structure.

Going ahead, for Bank Nifty, the zone of 60,600 will act as an immediate resistance. Any sustained move above the 60,600 level could lead to the rally extending further in the Index until 60,900 level, followed by 61,200. On the downside, the zone of 59,700-59,600 will act as a strong support for the index.

The index has broken above its previous swing high, reinforcing a positive trend bias. The bullish crossover of the 20 EMA and 50 EMA further strengthens the upward structure. Additionally, the daily RSI has broken out of its prior consolidation phase, signalling a pickup in momentum.

The trend is expected to remain firm in the near to short term, with a buy-on-dips approach favoring the bulls as long as the index sustains above 26,000. On the upside, a decisive move above 26,350 could open the door for an advance towards 26,600 in the short term.

Bank Nifty remains a clear outperformer versus the Nifty in recent sessions. The falling trendline breakout and recovery above critical short-term moving averages have strengthened the bullish setup. The index has entered a strong momentum phase, with a move beyond 60,500 appearing increasingly probable in the near term. On the downside, support is placed at 60,000; a decisive break below this level could cool off the ongoing sharp uptrend.

The rally in gold, silver, and copper through 2025 was more than a market surge—it was a signal of deeper economic shifts. A 79% increase in gold price and a historic 140% surge in silver reflected two major trends: countries moving away from holding dollars as reserves, and rising prices eroding the value of paper money worldwide. Copper's 40% climb signals the energy transition is no longer a buzzword but a supply-constrained reality with no viable substitutes at scale.

For India, the paradox is acute. The import duty cuts on gold and silver from 15% to 6% should have catalysed consumption; however, the unchanged 3% GST continues to limit retail demand. Meanwhile, 50% US tariffs on jewellery exports create headwinds that lower import tariffs cannot fully offset. India’s copper demand is poised to accelerate as data centre capacity expands to 4–8 GW by 2030.

Looking ahead to 2026, the key question is whether central banks’ sustained gold purchases can uphold valuations if a technical reset emerges. Nevertheless, the underlying drivers—inflation, currency weakness, and geopolitical uncertainty—remain strong enough to overcome any correction, keeping gold prices anchored in the USD 4,500–5,000 range.

Indian equity benchmarks ended Friday with strong gains, supported by firm global cues and buying in index heavyweights, as the Nifty scaled a fresh lifetime high and the Sensex closed near 85,772. Broad-based buying, led by metals, banks and auto stocks, kept market breadth positive, while steady domestic institutional inflows helped offset persistent foreign selling. Optimism around an improving earnings outlook, healthy auto sales, positive bank business updates and expectations of reforms and a potential US trade deal further buoyed sentiment.

A marginally stronger rupee and supportive global markets added to the momentum. From a technical perspective, the breakout above key consolidation levels reinforces the bullish bias, with 25,900 emerging as an immediate support zone for the Nifty.

Indian rupee ended lower at 90.19 per dollar on Friday against Thursday's close of 89.96.

Indian equity indices ended on strong note with Nifty above 26,300 on January 2.

At close, the Sensex was up 573.41 points or 0.67 percent at 85,762.01, and the Nifty was up 182 points or 0.70 percent at 26,328.55. About 2527 shares advanced, 1347 shares declined, and 135 shares unchanged.

BSE midcap index added 1 percent and smallcap index rose nearly 1%.

Coal India, NTPC, Hindalco, Trent, Jio Financial were among top gainers on the Nifty, while losers were ITC, Nestle, Axis Bank, Kotak Mahindra Bank, Shriram Finance.

Except FMCG (down 1%), all other sectoral indices ended in the green with auto, metal, capital goods, media, realty, consumer durables, power ,PSU rose 1-2%.

Pace Digitek received advance purchase order worth Rs. 94.35 Crore from Bharat Sanchar Nigam Limited (BSNL) to Lineage Power private limited a material Subsidiary of the Pace Digitek.

Pace Digitek was quoting at Rs 190.15, up Rs 2.40, or 1.28 percent.

It has touched an intraday high of Rs 190.70 and an intraday low of Rs 187.05.

In the previous trading session, the share closed down 0.42 percent or Rs 0.80 at Rs 187.75.

The share touched a 52-week high of Rs 232.20 and a 52-week low of Rs 183.10 on 10 October, 2025 and 30 December, 2025, respectively.

Currently, the stock is trading 18.11 percent below its 52-week high and 3.85 percent above its 52-week low.

Market capitalisation stands at Rs 4,104.41 crore.

#1 Total Advances up 5.19 percent QoQ & up 16.27 percent YoY at Rs 2.43 lakh crore

#2 Total Deposits up 1.64 percent QoQ & up 10.71 percent YoY at Rs 3.10 lakh crore

#3 CASA ratio at 38.41 percent against 38.11 percent QoQ & against 37.97 percent YoY

#4 CD ratio at 78.61 percent against 75.47 percent QoQ & against 74.45 percent YoY

#1 Company received a CRL from US FDA for its biosimilar Denosumab

#2 While this regulatory setback does not impact near-term earnings

#3 Delays company’s entry into the US biosimilars market

#4 delays opportunity to build commercial experience ahead of its key pipeline assets

#5 Notably, this is not first regulatory setback for DRL biosimilar portfolio

#6 Ongoing regulatory challenges in bringing Biosimilar assets to the US market

#7 Stock trades at 26x/23x PER on our FY27/28 estimates

The company has entered into agreement with Amanta Healthcare for Installation of solar power plant of 10.8 MWp at Village: Baroda, Taluka: Matar, District: Kheda, Gujarat, for generation of electricity for captive consumption.

Zodiac Energy was quoting at Rs 302.05, up Rs 0.45, or 0.15 percent.

It has touched an intraday high of Rs 310.70 and an intraday low of Rs 299.40.

It was trading with volumes of 1,087 shares, compared to its five day average of 1,056 shares, an increase of 2.92 percent.

E2E Networks has received a service order for provisioning advanced GPU-based cloud infrastructure services for a period of One year to an Indian-headquartered Global SaaS provider.

The value of the said order is approximately Rs 8,48,84,610/- (exclusive of applicable taxes) and the services have commenced from January 1, 2026.

E2E Networks was quoting at Rs 2,022, up Rs 22.80, or 1.14 percent.

It has touched an intraday high of Rs 2,068.60 and an intraday low of Rs 1,976.

It was trading with volumes of 73,709 shares, compared to its five day average of 76,816 shares, a decrease of -4.04 percent.

In the previous trading session, the share closed up 0.39 percent or Rs 7.70 at Rs 1,999.20.

The share touched a 52-week high of Rs 4,405 and a 52-week low of Rs 1,710.05 on 09 January, 2025 and 12 March, 2025, respectively.

Currently, the stock is trading 54.1 percent below its 52-week high and 18.24 percent above its 52-week low.

Market capitalisation stands at Rs 4,069.01 crore.

Indian rupee is trading lower by 23 paise at 90.19 per dollar against Thursday's close of 89.96.

The Sensex was up 483.74 points or 0.57 percent at 85,672.34, and the Nifty was up 0.61 percent at 26,305.45. About 2471 shares advanced, 1357 shares declined, and 151 shares unchanged.

#1 While expected a sharp tax hike on cigarettes, magnitude seems higher than anticipated

#2 Could prompt consensus downgrades to ITC’s cigarette vols & EBITDA estimates & multiples

#3 Pending clarity, reckon a more than 20 percent price hike & a more than 30 percent tax hike

#4 Overall, cutting EBITDA by 7 percent each for FY27/28

Shares of Force Motors fell after rising 5% intraday to an over four-month high of Rs 21,915 apiece. Later, the stock traded nearly 2% lower at Rs 20,475, after rising for five consecutive sessions wherein it gained nearly 14%.

Bank Nifty rises 0.74% to a record high of 60,152.35 and is set for fourth straight day of gains

HDFC Bank and ICICI Bank rise 0.7% and 0.9%, respectively and are top contributors to sectoral index's gains.

"Loan growth is recovering as banks across segments —public, private (large, mid-tier, regional) and SFBs (small finance banks) — are confident in their strengthened balance sheets and actively pursuing expansion," Kotak Institutional Equities said in a note on December 31.

Jefferies sees power producer stocks bouncing back in 2026 as demand recovers after unseasonal rains last year dampened need for consumer durables.

Brokerage lists JSW Energy ("buy", price target: Rs 700) and state-owned NTPC ("buy", price target: Rs 440 ) as its top picks in the sector, as they invest in new projects and execute power purchase contracts.

Shares of Sambhv Steel Tubes rose 3% to Rs 99 apiece as iron and steel products maker's total sales volume rose to 97,472 tons in Q3 from 72,559 tons a year ago.

#1 Additional excise duty levied

#2 Likely to weigh on the stock price and create uncertainty

#3 Clearly, prospect of earnings growth revival have weakened

#4 Current price is now baking in cigarette EBIT growth of 2-3 percent sustainably

#5 Sustainable EBIT growth of 2-3 percent appears quite conservative

#1 Devyani Sapphire merger: scale benefits, streamlining execution

#2 Devyani to issue 177 shares for every 100 Sapphire shares

#3 Annual synergies worth Rs 210-225 crore expected from 2nd year of operations

#4 Feel Devyani will be a major beneficiary from merger

Devyani International was quoting at Rs 149.00, up Rs 1.05, or 0.71 percent.

It has touched an intraday high of Rs 159.45 and an intraday low of Rs 147.00.

It was trading with volumes of 2,421,611 shares, compared to its five day average of 98,445 shares, an increase of 2,359.86 percent.

In the previous trading session, the share closed down 0.03 percent or Rs 0.05 at Rs 147.95.

The share touched a 52-week high of Rs 209.65 and a 52-week low of Rs 122.70 on 06 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 28.93 percent below its 52-week high and 21.43 percent above its 52-week low.

Market capitalisation stands at Rs 18,369.80 crore.

Indian rupee is trading lower at 90.18 per dollar against Thursday's close of 89.96.

Cupid was quoting at Rs 481.80, down Rs 43.10, or 8.21 percent.

It has touched a 52-week high of Rs 527.40.

It has touched an intraday high of Rs 527.40 and an intraday low of Rs 475.

It was trading with volumes of 1,884,982 shares, compared to its five day average of 561,425 shares, an increase of 235.75 percent.

In the previous trading session, the share closed up 1.33 percent or Rs 6.90 at Rs 524.90.

The share touched a 52-week high of Rs 526.05 and a 52-week low of Rs 50 on 01 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 8.41 percent below its 52-week high and 863.6 percent above its 52-week low.

Market capitalisation stands at Rs 12,929.34 crore.

Steel Exchange India has approved a proposal to raise funds aggregating up to Rs 700 crore, subject to requisite statutory and regulatory approvals.

Steel Exchange India was quoting at Rs 9.35, down Rs 0.18, or 1.89 percent.

It has touched an intraday high of Rs 9.61 and an intraday low of Rs 9.30.

It was trading with volumes of 86,380 shares, compared to its five day average of 211,437 shares, a decrease of -59.15 percent.

In the previous trading session, the share closed down 0.63 percent or Rs 0.06 at Rs 9.53.

The share touched a 52-week high of Rs 11.54 and a 52-week low of Rs 7.16 on 30 July, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 18.98 percent below its 52-week high and 30.59 percent above its 52-week low.

Market capitalisation stands at Rs 1,166.15 crore.

Indian rupee is trading at day's low at 90.20 per dollar against Thursday's close of 89.96.

The Sensex was up 490.53 points or 0.58 percent at 85,679.13, and the Nifty was up 159.25 points or 0.61 percent at 26,305.80. About 2454 shares advanced, 1280 shares declined, and 145 shares unchanged.

IDBI Bank was quoting at Rs 108.95, up Rs 5.20, or 5.01 percent.

It has touched a 52-week high of Rs 109.90.

It has touched an intraday high of Rs 109.90 and an intraday low of Rs 104.05.

It was trading with volumes of 1,418,811 shares, compared to its five day average of 428,478 shares, an increase of 231.13 percent.

In the previous trading session, the share closed up 0.73 percent or Rs 0.75 at Rs 103.75.

Market capitalisation stands at Rs 117,147.42 crore.

Tata Steel was quoting at Rs 182.90, up Rs 1.05, or 0.58 percent.

It has touched an intraday high of Rs 183.85 and an intraday low of Rs 181.90.

It was trading with volumes of 651,463 shares, compared to its five day average of 1,624,091 shares, a decrease of -59.89 percent.

In the previous trading session, the share closed up 1 percent or Rs 1.80 at Rs 181.85.

The share touched a 52-week high of Rs 187 and a 52-week low of Rs 122.60 on 29 October, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 2.19 percent below its 52-week high and 49.18 percent above its 52-week low.

Market capitalisation stands at Rs 228,323.79 crore.

#1 Additional excise duty levied

#2 Likely to weigh on the stock price and create uncertainty

#3 Clearly, prospect of earnings growth revival have weakened

#4 Current price is now baking in cigarette EBIT growth of 2-3 percent sustainably, which appears quite conservative

ITC was quoting at Rs 350.15, down Rs 13.80, or 3.79 percent.

It has touched a 52-week low of Rs 345.35.

It has touched an intraday high of Rs 360.45 and an intraday low of Rs 345.35.

It was trading with volumes of 6,469,187 shares, compared to its five day average of 11,796,561 shares, a decrease of -45.16 percent.

In the previous trading session, the share closed down 9.69 percent or Rs 39.05 at Rs 363.95.

Market capitalisation stands at Rs 438,701.53 crore.

The company board approved the sub-division/split of the existing 1 equity share of the company having face value of Rs 10 each fully paid- up, into 2 equity shares having face value of Rs 5 each, fully paid- up, subject to approval of the shareholders of the company.

Meera Industries was quoting at Rs 62.95, up Rs 0.04, or 0.06 percent.

It has touched an intraday high of Rs 63.73 and an intraday low of Rs 62.23.

It was trading with volumes of 16,146 shares, compared to its five day average of 26,064 shares, a decrease of -38.05 percent.

In the previous trading session, the share closed down 1.49 percent or Rs 0.95 at Rs 62.91.

The share touched a 52-week high of Rs 84.78 and a 52-week low of Rs 54.00 on 11 June, 2025 and 26 May, 2025, respectively.

Currently, the stock is trading 25.75 percent below its 52-week high and 16.57 percent above its 52-week low.

Market capitalisation stands at Rs 67.22 crore.

The Minerals & Metals (M&M) business vertical of L&T has secured major orders from the Steel Authority of India Limited (SAIL) and other customers, for EPC projects and products in the domestic metals sector.

Larsen & Toubro was quoting at Rs 4,141.50, up Rs 2.05, or 0.05 percent.

It has touched a 52-week high of Rs 4,163.75.

It has touched an intraday high of Rs 4,163.75 and an intraday low of Rs 4,128.70.

It was trading with volumes of 17,054 shares, compared to its five day average of 80,738 shares, a decrease of -78.88 percent.

CESC was quoting at Rs 172.65, up Rs 5.50, or 3.29 percent.

It has touched an intraday high of Rs 172.85 and an intraday low of Rs 166.95.

It was trading with volumes of 155,054 shares, compared to its five day average of 58,261 shares, an increase of 166.14 percent.

In the previous trading session, the share closed down 0.18 percent or Rs 0.30 at Rs 167.15.

The share touched a 52-week high of Rs 192.30 and a 52-week low of Rs 119.00 on 03 January, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 10.22 percent below its 52-week high and 45.08 percent above its 52-week low.

Market capitalisation stands at Rs 22,885.97 crore.

Coal India was quoting at Rs 415.80, up Rs 15.45, or 3.86 percent.

It has touched an intraday high of Rs 415.95 and an intraday low of Rs 401.10.

It was trading with volumes of 447,570 shares, compared to its five day average of 264,626 shares, an increase of 69.13 percent.

In the previous trading session, the share closed up 0.30 percent or Rs 1.20 at Rs 400.35.

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 0.35 percent below its 52-week high and 19.07 percent above its 52-week low.

Market capitalisation stands at Rs 256,246.24 crore.

Thyrocare Technologies was quoting at Rs 459.05, up Rs 11.10, or 2.48 percent.

It has touched an intraday high of Rs 461 and an intraday low of Rs 443.05.

It was trading with volumes of 7,345 shares, compared to its five day average of 13,979 shares, a decrease of -47.46 percent.

In the previous trading session, the share closed up 0.44 percent or Rs 1.95 at Rs 447.95.

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 14.67 percent below its 52-week high and 109.3 percent above its 52-week low.

Market capitalisation stands at Rs 7,306.32 crore.

Indian rupee is trading at day's low at 90.15 per dollar against Thursday's close of 89.96.

Bajaj Finance was quoting at Rs 990.70, up Rs 18.50, or 1.90 percent.

It has touched an intraday high of Rs 990.90 and an intraday low of Rs 961.80.

It was trading with volumes of 67,340 shares, compared to its five day average of 378,696 shares, a decrease of -82.22 percent.

In the previous trading session, the share closed down 1.46 percent or Rs 14.45 at Rs 972.20.

The share touched a 52-week high of Rs 1,102.45 and a 52-week low of Rs 711 on 23 October, 2025 and 15 January, 2025, respectively.

Currently, the stock is trading 10.14 percent below its 52-week high and 39.34 percent above its 52-week low.

Market capitalisation stands at Rs 616,461.28 crore.

The company has received a purchase order worth of Rs 1.76 crores (Excl. Taxes) for supply of Satcom Products from M/s. Bharat Electronics.

Avantel was quoting at Rs 157.65, up Rs 1.00, or 0.64 percent.

It has touched an intraday high of Rs 159.15 and an intraday low of Rs 155.

It was trading with volumes of 38,546 shares, compared to its five day average of 82,472 shares, a decrease of -53.26 percent.

In the previous trading session, the share closed down 0.60 percent or Rs 0.95 at Rs 156.65.

The share touched a 52-week high of Rs 215 and a 52-week low of Rs 90.33 on 10 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.67 percent below its 52-week high and 74.53 percent above its 52-week low.

Market capitalisation stands at Rs 4,185.09 crore.

The company has received approval from the Petroleum and Explosives Safety Organization (PESO) and TÜV Rheinland (India) for the manufacture and supply of high-pressure Type-3 fully wrapped fibre-reinforced composite cylinders of 2-litre capacity for compressed gas applications.

Time Technoplast was quoting at Rs 196.80, up Rs 8.60, or 4.57 percent.

It has touched an intraday high of Rs 199.25 and an intraday low of Rs 190.25.

It was trading with volumes of 268,439 shares, compared to its five day average of 39,564 shares, an increase of 578.50 percent.

In the previous trading session, the share closed up 0.21 percent or Rs 0.40 at Rs 188.20.

The share touched a 52-week high of Rs 248.95 and a 52-week low of Rs 153.38 on 16 September, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 20.95 percent below its 52-week high and 28.31 percent above its 52-week low.

Market capitalisation stands at Rs 9,714.74 crore.

ITC was quoting at Rs 348.80, down Rs 15.15, or 4.16 percent.

It has touched a 52-week low of Rs 345.35.

It has touched an intraday high of Rs 360.45 and an intraday low of Rs 345.35.

It was trading with volumes of 5,976,659 shares, compared to its five day average of 11,796,561 shares, a decrease of -49.34 percent.

The company’s subsidiary, Auro Pharma, has approved the acquisition of the non-oncology prescription formulations business of Khandelwal Laboratories on a going-concern basis through a Business Transfer Agreement for Rs 325 crore.

Aurobindo Pharma was quoting at Rs 1,209.00, up Rs 16.10, or 1.35 percent.

It has touched an intraday high of Rs 1,212.55 and an intraday low of Rs 1,192.80.

It was trading with volumes of 10,853 shares, compared to its five day average of 11,672 shares, a decrease of -7.02 percent.

In the previous trading session, the share closed up 0.99 percent or Rs 11.70 at Rs 1,192.90.

The share touched a 52-week high of Rs 1,349.00 and a 52-week low of Rs 994.35 on 03 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 10.38 percent below its 52-week high and 21.59 percent above its 52-week low.

Market capitalisation stands at Rs 70,218.92 crore.

#1 Downgrade following sharp tax increase for cigarettes announced by govt

#2 Even as await clarity on finer aspects of tax changes

#3 Early read suggests need for a weighted average price hike of 25 percent+ (if NCCD is removed)

#4 Early read suggests 35 percent+ (if NCCD stays as is) to ensure net realisation/stick remains unchanged

#5 Increase for KSFT segment implies increased risk of consumer downtrading to cheaper variants

#6 May also induce an increase in offtake of Illicit cigarettes

#7 Expect ITC to largely pass on tax impact

#8 Could would impact volume/earnings growth and weigh on stock multiples

#9 Could restrict stock upside from current levels over the next 6-9 months

Sandur Manganese and Iron Ores was quoting at Rs 253.55, up Rs 9.05, or 3.70 percent.

It has touched a 52-week high of Rs 266.75.

It has touched an intraday high of Rs 266.75 and an intraday low of Rs 245.75.

It was trading with volumes of 725,084 shares, compared to its five day average of 411,645 shares, an increase of 76.14 percent.

In the previous trading session, the share closed up 0.68 percent or Rs 1.65 at Rs 244.50.

Market capitalisation stands at Rs 12,325.19 crore.

#1 In Q3, expect QoQ revenue growth of +1.8 percent

#2 Caresoft acquisition, which closed mid-August, should contribute USD 3 million in additional revenue per estimate

#3 Expect wage hikes taken in Q3 to represent some headwind to margin QoQ

#4 Estimate 20.9 percent EBITDA margin in Q3

KPIT Technologies was quoting at Rs 1,161.65, down Rs 1.55, or 0.13 percent.

It has touched an intraday high of Rs 1,167.10 and an intraday low of Rs 1,151.00.

It was trading with volumes of 23,894 shares, compared to its five day average of 22,252 shares, an increase of 7.38 percent.

In the previous trading session, the share closed down 0.89 percent or Rs 10.40 at Rs 1,163.20.

The share touched a 52-week high of Rs 1,494.00 and a 52-week low of Rs 1,020.60 on 03 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 22.25 percent below its 52-week high and 13.82 percent above its 52-week low.

Market capitalisation stands at Rs 31,845.92 crore.

Punjab & Sind Bank rose 2.6% after the lender's provisional total deposits for October-December rose 9.3% while gross advances jumped 15.25% year-on-year.

Shares of Olectra Greentech Ltd rsse as much as 6.2% to Rs 1,274.8 apiece as company declared phase-1 commencement of commercial operations from Dec 31 at Greenfield electric vehicle manufacturing facility in Telangana.

#1 In Q3, expect QoQ revenue growth of +1.8 percent

#2 Caresoft acquisition, which closed mid-August, should contribute USD 3 million in additional revenue per estimate

#3 Expect wage hikes taken in Q3 to represent some headwind to margin QoQ

#4 Estimate 20.9 percent EBITDA margin in Q3

KPIT Technologies was quoting at Rs 1,158.45, down Rs 4.75, or 0.41 percent.

It has touched an intraday high of Rs 1,167.10 and an intraday low of Rs 1,151.00.

It was trading with volumes of 20,522 shares, compared to its five day average of 22,252 shares, a decrease of -7.77 percent.

Sapphire Foods announced on Thursday that it will merge with Devyani International, consolidating the Indian franchise operations of Yum! Brands-owned chains such as KFC and Pizza Hut under one listed entity.

Under the proposed scheme, Devyani International will issue 177 shares for every 100 shares held in Sapphire Foods. Once the merger is effective, Sapphire Foods shareholders will cease to hold SFIL shares and will instead receive Devyani International shares in the specified swap ratio.

The company has received an order from the Office of the Additional Commissioner, Central Goods & Service Tax, Ahmedabad South, demanding a penalty of Rs 637.9 crore along with tax demand and interest on allegations of short payment of tax and excess availment of input tax credit.

The company does not agree with the order and will take appropriate legal action against the same.

Vodafone Idea was quoting at Rs 11.78, up Rs 0.16, or 1.38 percent.

It has touched an intraday high of Rs 12.04 and an intraday low of Rs 11.65.

HSBC India December Manufacturing PMI at 55 versus 56.6 in November

Auto sector posted broad-based, strong double-digit wholesale growth across all segments, driven by GST cuts and improved consumer sentiment.

Retail demand remained robust post the festive season, while exports showed momentum in CVs, tractors, and two-wheelers. Domestic two-wheeler wholesale volumes growth was driven by strong demand across both EV and ICE segments and a recovery in replacement demand.

Domestic passenger vehicle wholesale volumes growth was supported by strong retail demand following GST rationalization and improved consumer sentiment.

Domestic commercial vehicle wholesale volumes growth was led by a low-base–led rebound in the M&HCV segment and continued recovery in LCVs.

Domestic tractor volumes grew on the back strong demand from Maharashtra following the introduction of the tractor subsidy and supported by GST cuts and a normal monsoon. Most OEMs reported volumes ahead of our expectations, indicating likely upgrades to FY26E volume estimates.

The company has received approval from the Petroleum and Explosives Safety Organization (PESO) and TÜV Rheinland (India) for the manufacture and supply of high-pressure Type-3 fully wrapped fibre-reinforced composite cylinders of 2-litre capacity for compressed gas applications.

Time Technoplast was quoting at Rs 192.00, up Rs 3.80, or 2.02 percent.

It has touched an intraday high of Rs 197.80 and an intraday low of Rs 190.70.

It was trading with volumes of 157,986 shares, compared to its five day average of 39,564 shares, an increase of 299.32 percent.

In the previous trading session, the share closed up 0.21 percent or Rs 0.40 at Rs 188.20.

The share touched a 52-week high of Rs 248.95 and a 52-week low of Rs 153.38 on 16 September, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 22.88 percent below its 52-week high and 25.18 percent above its 52-week low.

Market capitalisation stands at Rs 9,477.80 crore.

Remsons Industries has received the Business Award from a leading Commercial Vehicle (CV) Indian OEM Manufacturer for Gear Shifter with Push Pull Cables worth Rs 60 crore.

Remsons Industries was quoting at Rs 123.65, up Rs 2.80, or 2.32 percent.

It has touched an intraday high of Rs 125.00 and an intraday low of Rs 119.05.

It was trading with volumes of 4,412 shares, compared to its five day average of 3,737 shares, an increase of 18.05 percent.

It was trading with volumes of 4,412 shares, compared to its thirty day average of 5,628 shares, a decrease of -21.60 percent.

In the previous trading session, the share closed up 1.94 percent or Rs 2.30 at Rs 120.85.

The share touched a 52-week high of Rs 157.00 and a 52-week low of Rs 102.30 on 30 June, 2025 and 06 May, 2025, respectively.

Currently, the stock is trading 21.24 percent below its 52-week high and 20.87 percent above its 52-week low.

Market capitalisation stands at Rs 431.28 crore.

GAIL India was quoting at Rs 172.30, up Rs 0.55, or 0.32 percent.

It has touched an intraday high of Rs 172.95 and an intraday low of Rs 171.70.

It was trading with volumes of 43,725 shares, compared to its five day average of 190,113 shares, a decrease of -77.00 percent.

In the previous trading session, the share closed down 0.17 percent or Rs 0.30 at Rs 171.75.

The share touched a 52-week high of Rs 202.65 and a 52-week low of Rs 150.60 on 12 June, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 14.98 percent below its 52-week high and 14.41 percent above its 52-week low.

Market capitalisation stands at Rs 113,288.97 crore.

Narendra Kumar Maurya has ceased to be the Executive Director of the company upon superannuation, effective January 1.

REC was quoting at Rs 378.75, up Rs 11.15, or 3.03 percent.

It has touched an intraday high of Rs 378.85 and an intraday low of Rs 369.85.

It was trading with volumes of 408,943 shares, compared to its five day average of 553,982 shares, a decrease of -26.18 percent.

It was trading with volumes of 408,943 shares, compared to its thirty day average of 314,370 shares, an increase of 30.08 percent.

In the previous trading session, the share closed up 3.01 percent or Rs 10.75 at Rs 367.60.

The share touched a 52-week high of Rs 544.45 and a 52-week low of Rs 331.10 on 03 January, 2025 and 18 December, 2025, respectively.

Currently, the stock is trading 30.43 percent below its 52-week high and 14.39 percent above its 52-week low.

Market capitalisation stands at Rs 99,733.36 crore.

ITC was quoting at Rs 349.50, down Rs 14.45, or 3.97 percent.

It has touched a 52-week low of Rs 345.35.

It has touched an intraday high of Rs 360.45 and an intraday low of Rs 345.35.

It was trading with volumes of 4,260,897 shares, compared to its five day average of 11,796,561 shares, a decrease of -63.88 percent.

In the previous trading session, the share closed down 9.69 percent or Rs 39.05 at Rs 363.95.

Market capitalisation stands at Rs 437,887.14 crore.

The company’s subsidiary, Auro Pharma, has approved the acquisition of the non-oncology prescription formulations business of Khandelwal Laboratories on a going-concern basis through a Business Transfer Agreement for Rs 325 crore.

Aurobindo Pharma was quoting at Rs 1,202.15, up Rs 9.25, or 0.78 percent.

It has touched an intraday high of Rs 1,212.55 and an intraday low of Rs 1,192.80.

It was trading with volumes of 8,296 shares, compared to its five day average of 11,672 shares, a decrease of -28.93 percent.

In the previous trading session, the share closed up 0.99 percent or Rs 11.70 at Rs 1,192.90.

The share touched a 52-week high of Rs 1,349 and a 52-week low of Rs 994.35 on 03 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 10.89 percent below its 52-week high and 20.9 percent above its 52-week low.

Market capitalisation stands at Rs 69,821.07 crore.

The Sensex was up 411.49 points or 0.48 percent at 85,600.09, and the Nifty was up 118.05 points or 0.45 percent at 26,264.60. About 2042 shares advanced, 1133 shares declined, and 165 shares unchanged.

The company has received a Letter of Acceptance (LoA) from the Assam Health Infrastructure Development & Management Society (AHIDMS) for the procurement, implementation, and maintenance of a Hospital Management Information System (HMIS). The estimated size of the order is Rs 56.71 crore.

Railtel Corporation of India was quoting at Rs 374.40, up Rs 3.70, or 1 percent.

It has touched an intraday high of Rs 379.20 and an intraday low of Rs 373.55.

It was trading with volumes of 57,096 shares, compared to its five day average of 365,994 shares, a decrease of -84.40 percent.

In the previous trading session, the share closed down 0.23 percent or Rs 0.85 at Rs 370.70.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 21.8 percent below its 52-week high and 41.12 percent above its 52-week low.

Market capitalisation stands at Rs 12,015.93 crore.

#1 Total business grows 11.84 percent to Rs 2.49 lakh crore Vs Rs 2.23 lakh crore, YoY

#2 Deposits increase 9.27 percent to Rs 1.39 lakh crore Vs Rs 1.27 lakh crore, YoY

#3 Gross advances soar 15.25 percent to Rs 1.10 lakh crore Vs Rs 95,870 crore, YoY

Corona Remedies was quoting at Rs 1,431.55, up Rs 28.60, or 2.04 percent. It has touched an intraday high of Rs 1,431.55 and an intraday low of Rs 1,406.45. Market capitalisation stands at Rs 8,755.37 crore.

#1 Gross advances surge 11.27 percent to Rs 96,765 crore Vs Rs 86,966 crore, YoY

#2 Total deposit zooms 12.17 percent to Rs 1.18 lakh crore Vs Rs 1.05 lakh crore, YoY

#3 CASA increases 14.65 percent to Rs 37,640 crore Vs Rs 32,830 crore, YoY

#4 CASA ratio rises to 31.84 percent Vs 31.15 percent, YoY

South Indian Bank was quoting at Rs 38.75, up Rs 0.82, or 2.16 percent.

It has touched an intraday high of Rs 39.50 and an intraday low of Rs 38.58.

It was trading with volumes of 829,618 shares, compared to its five day average of 1,332,859 shares, a decrease of -37.76 percent.

In the previous trading session, the share closed down 1.04 percent or Rs 0.40 at Rs 37.93.

The share touched a 52-week high of Rs 41.65 and a 52-week low of Rs 22.12 on 20 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 6.96 percent below its 52-week high and 75.18 percent above its 52-week low.

Market capitalisation stands at Rs 10,141.47 crore.

#1 Total business jumps 13.4 percent to Rs 14.30 lakh crore Vs Rs 12.61 lakh crore, YoY

#2 Gross advances spike 14.5 percent to Rs 6.40 lakh crore Vs Rs 5.59 lakh crore, YoY

#3 Total deposits increase 12.5 percent to Rs 7.90 lakh crore Vs Rs 7.02 lakh crore, YoY

Indian Bank was quoting at Rs 852.20, up Rs 19.65, or 2.36 percent.

It has touched an intraday high of Rs 858.40 and an intraday low of Rs 842.00.

It was trading with volumes of 27,381 shares, compared to its five day average of 61,286 shares, a decrease of -55.32 percent.

In the previous trading session, the share closed down 0.60 percent or Rs 5.00 at Rs 832.55.

The share touched a 52-week high of Rs 898.60 and a 52-week low of Rs 474.05 on 18 November, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 5.16 percent below its 52-week high and 79.77 percent above its 52-week low.

Market capitalisation stands at Rs 114,788.27 crore.

#1 Total sales grow 6.6 percent to 58,702 units, YoY

#2 Domestic sales at 42,416 units, YoY

#3 Exports zoom 26.5 percent to 16,286 units, YoY

Hyundai Motor India was quoting at Rs 2,266.35, down Rs 44.90, or 1.94 percent.

It has touched an intraday high of Rs 2,297.95 and an intraday low of Rs 2,246.80.

It was trading with volumes of 10,995 shares, compared to its five day average of 43,641 shares, a decrease of -74.81 percent.

In the previous trading session, the share closed up 0.54 percent or Rs 12.40 at Rs 2,311.25.

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 21.57 percent below its 52-week high and 46.88 percent above its 52-week low.

Market capitalisation stands at Rs 184,150.25 crore.