Sensex Today | Stock Market Highlights: Nifty holds above 26,100; ITC falls 9% on excise duty hike

That’s all from CNBCTV18.com‘s live market coverage on January 1, 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

Deven Choksey, MD, DRChoksey Finserv

On Tobacco Stocks“As a non-consumer of this particular product, I don’t have much rights to say, for example, on the habits. But I believe that habits which are hard to change, will not get changed. Price hike is of course, a deterrent, but it is not going to impact beyond a point. As always seen in every previous budget, whenever I think the excise duty trick has happened, we have always seen this particular impact on the stock price.”

“But frankly, I think still till date, even though they have the other contributors in form of FMCG, agribusiness in the portfolio in ITC, still today, I think the cigarette business is contributing somewhere around 70 to 80% kind of a profit before interest tax, etc.”

“So in my view point, I think things don’t change beyond a point as I see it. But yes, I think in the near term, you definitely see the negative reaction on the stock price, which one is not very surprised given the kind of news.”

Ambareesh Baliga, Independent Market Expert

“The management commentary from Kiri Industries was quite disappointing, I would say. Because despite getting about more than ₹5,200 crores net of taxes in hand from the DyStar stake sale, the company with a market cap of closer to about ₹4,000 crores does not believe in distributing at least a part of that. I’m not saying you should be distributing the whole thing, at least a part of that. Maybe ₹,1500-2,000 crores can be distributed. You look at the fixed assets of the company, it is less than ₹1,000 crores. And you’re talking today of putting a capex of ₹5,000 crores plus going ahead, and that too, in an unrelated business, it’s not in the same business, which is confirmed. So I think that’s a high-risk game. And when you’re going to be playing a high-risk game, I think it’s time one should be at least sharing something with the shareholders who have stayed with you. And the other issue, I think is going through with the resolutions because I think the promoter holding is decently low. I don’t know how they’ll manage that.”

The shares of Dixon Tech recovered about 3% from the day’s low to turn positive.

Production up 14.6% YoY

Sales up 18.7% YoY

Ajit Mishra, SVP – Research, Religare Broking

Jay Thakkar, Head Derivative and Quant research, ICICI Securities

As the markets vie to hold on to the gains, here are some volume buzzers among the Nifty 500 stocks.

Lloyds Metals 9MFY26 Update

Iron Ore Production At 12.9 mt Vs 8.5 mt (YoY)

DRI Production At 2,91,099 Tonnes Vs 2,38,433 Tonnes (YoY)

GST Collection

After soaring in multiple sessions over the past 10 days, the shares of Hind Zinc fell as the price of metal eased.

RBI Highlights Higher Commission, One Of Major Risks In Insurance Sector

The shares of PNB Housing Finance rose by over 3%, making the finance company stock among the top gainers among the Nifty Midcap companies.

Dec Auto Sales | Tata Motors CV

The shares of Sunteck Realty surged by over 8% as all the stocks on the realty index rose on Thursday.

Tata Motors PV

The shares of pharma giant Wockhardt slumped and fell by over 1%.

KEC International Ltd. bagged a mix of domestic and international orders worth ₹1,050 crore across its renewables, civil, transmission and distribution (T&D), and cables and conductors businesses. It also forayed into wind energy segment.

With the new orders, the company said its year-to-date order intake stands at around ₹19,300 crore.

Know More

Opportunities are emerging in specific companies across pharmaceuticals, healthcare and software, where prices have corrected meaningfully and risk-reward still looks reasonable, according to S Naren, Executive Director and Chief Investment Officer at ICICI Prudential Asset Management Company.

Know More

The shares of Supreme Industries jumped by over 3% on Thursday, rising towards ₹3,500 per share.

The Nifty Auto index is the silver lining among sectoral indices, as the index rose 250 points.

The shares of Astral rose even as the larger markets remained volatile.

The shares of Dixon Tech fell from the highs of the day to turn negative.

The shares of Adani Group-owned Adani Power rose by over 2% on Thursday.