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Headline indices, the Sensex and Nifty 50, ended mixed on the first day of the calendar year 2026, amid stock-specific action and a lack of fresh triggers. The Sensex slipped 32 points, or 0.04%, to end at 85,188.60, while the Nifty 50 settled at 26,146.55, up 17 points, or 0.06%. The BSE Midcap index rose by 0.27%, but the Smallcap index slipped 0.02%.

ITC ended as the top drag on the Sensex. The FMCG stock crashed almost 10% after the government announced excise duty on tobacco products effective February 1. ICICI Bank and Bajaj Finance also ended among the top drags on the indices.

On the other hand, Larsen and Toubro, Infosys, and Mahindra and Mahindra ended as top supports for the index.

The market is staying in a range amid a lack of fresh triggers, as investors await Q3 results and updates on India-US trade talks.

Bajaj Auto (up 2.59%), Shriram Finance (up 2.39%), and NTPC (up 2%) ended as the top gainers in the index. As many as 38 stocks ended higher in the Nifty 50 index.

ITC (down 9.69%), Tata Consumer Products (down 1.57%), and Dr. Reddy's Laboratories (down 1.53%) ended as the top losers in the index.

Nifty FMCG crashed 3.17%, ending as the top loser. Nifty Pharma (down 0.40%) and Healthcare (down 0.19%) also ended lower.

On the other hand, Nifty Auto (up 1.03%), Realty (up 0.84%), Metal (up 0.79%), and IT (up 0.76%) ended with healthy gains.

Nifty Bank rose 0.22%, while the Financial Services index climbed by 0.19%.

Vodafone Idea (304 crore shares), ITC (28.3 crore shares), and Filatex Fashions (24 crore shares) were the most active stocks in terms of volume on the NSE.

Vision Cinemas, KSR Footwear, and Filatex Fashions were among the nine stocks that surged more than 15% on the BSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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