Sensex Today | Stock Market Highlights: Nifty ends above 26,100; Tata Elxsi up 9.47%

That’s all from CNBCTV18.com‘s live market coverage on January 7, 2026. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Download our mobile app for Android and iOS platform

Mehraboon J. Irani, Market Expert

On Titan, Senco and Kalyan Jewellers

“You can’t go on buying things at higher and higher prices. There is a certain affordability that comes into place and my personal feeling is that people will learn to recycle the gold which they have, like I have certain gold necklaces for my wife or for my mother or for my sister and all I am going to go and recycle it. That will lead to a new business channel for these companies. But stating that people will go on buying gold jewellery at higher and higher prices of gold is not going to be very easy.”

“As I said again affordability is going to come into play unless gold prices correct by 10-15% and the pent up demand which is there in the system which is not coming out because of higher prices could come out and bode well for these companies. So I would not be a buyer of these valuations for the time being while stating that I am pleasantly surprised with the numbers and keeping fingers crossed that this type of demand continues for them and for the shareholders of the company.”

Rupee ends at 89.88/$ against Tuesday’s close of 90.17/$.

The stock gained more than 4% today.

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services

“The near-term trend seems more of consolidation or sideways move only. Hotel space, if we can see that last two, three months have not participated in this broader market pullback move that we have seen. ₹140 is the crucial support for Lemon Tree Hotels. If that gets breached, then probably that would change the short to medium term trend for the stock. I would advise to keep a strict stop loss below ₹140 if that gets breached, then take an exit.”

Ruchit Jain, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services

On LIC

“Technically, it seems to be in a consolation phase. Last four months, the stock has traded within this broad range of ₹820-830 on the low side and ₹920, on the higher side. It is more of a time-wise correction which is going on in the stock. But the good thing is that post the recent correction from the highest the stock is trading quite close to its weekly 200 DMA support. So price wise, downside seems to be limited from here on. Wait for a pullback move towards ₹920 kind of levels. If you see the stock over there, then take a review over there. But at current levels, I would recommend to hold on the existing positions.”

Astha Jain, Research Analyst, Hem Securities

On LIC

“View is quite positive, and we are recommending a hold on this counter with the price target of ₹930 to 950 odd levels. Talking about LIC’s fundamental this company has posted a strong growth. VNB growth is very, very strong, and with this GST rate, that’s definitely volume led growth is highly possible for this company, and that will help company in posting a good set of numbers going ahead. So yes, LIC is looking good to us, recommending a hold with the price target of ₹935 to ₹950.”

PTC Industries Limited has received an order from the Vikram Sarabhai Space Centre (VSSC), a key centre of the Indian Space Research Organisation (ISRO), for the supply of aerospace-grade titanium alloy ingots over a one-year period.

The shares of Nifty 50 stock Cipla fell over 4% as the markets remained under pressure.

The shares of Sonata Software have risen by over 5% this month, and today, the stock has seen a 3% rise.

The shares of Dmart or Avenue Supermarts surged by over 4% even as indices remained in red.

The shares of Elecon Engineering surged by over 7%, taking the stock price over ₹500 per piece.

Shares of Tata Elxsi Ltd. gained 10% on Wednesday as brokerage firm JPMorgan upgraded the stock and also raised its price target.

This is the biggest single day gain for the stock since August 2024.

Market at day’s low, auto stocks under pressure, Nifty Auto is the top losing sectoral index, Maruti is the top Nifty loser

Ajit Mishra, SVP-Research, Religare Broking

Following a significant block deal that occurred during the session, shares of HDFC Bank Ltd. continued to decline for a third straight session on Wednesday, January 7, and were still among the top three losers on the Nifty Bank index.

The Nifty Auto Index stumbled, falling close to 1.5%

Pritesh Mehta, Executive Vice President, Yes Securities

In the upcoming fiscal year, Capri Global hopes to have gold loan assets under management (AUM) exceeding ₹20 crore per branch. With a clear plan to grow further, the company anticipates ending the current year with gold loan AUM of roughly ₹17 crore per branch.

The shares of Thangamayil Jewellery rose, jumping volumes of 40 lakh shares compared to the 20-day average of 40k shares.

The shares of Tribhovandas Bhimji Zaveri surged by over 10% along with other jewellery stocks.

The shares of auto giant Maruti Suzuki slipped significantly, falling over 3%.

Senco shares rose over 11% after the business update. The stock has seen a volume movement of 1.2 crore shares compared to the 20-day average of 76,000 shares.

On Wednesday, January 7, when the US Food and Drug Administration (FDA) disclosed specifics of its findings regarding Pharmathen International, shares of Cipla Ltd. increased their losses to about 5%.