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Surendra Goyal  – CITI

Multi Commodity Exchange of India (MCX) Ltd. shares will start trading on Friday, January 2, adjusted for their previously announced stock split.

GIFT Nifty is flat, indicating a muted start for the Indian market

Mahesh Nandurkar – Jefferies

We continue to believe that EPS growth will continue to be the strongest determinant for stock performance in CY26. Our model portfolio of 30 stocks offers an EPS growth of 21% for FY27 as against 16% for MSCI India.

We believe that paying up a little for visible growth makes sense, and hence our model portfolio has a slightly higher PE of 23x (MSCI India at 22x) but has a lower PEG of 1.1x, vs 1.4x for MSCI India. Top picks for CY26 include Axis Bank, Bharti Airtel, Cholamandalam, TVS Motor, M&M, Ambuja Cements, Lodha/Godrej Properties, Max Healthcare, JSW Energy, and GMR.

Ridham Desai – Morgan Stanley

In a likely action-packed quarter, we expect earnings to beat, the RBI to keep its foot on deregulation, more reforms from the government, and a potential trade deal with the US. Overweight lenders and discretionary consumption to benefit amid India’s outperformance.

As the HDB Fin Serv’s six-month shareholder lock-in expires on Friday, up to 481.5 million shares, or 58% of its outstanding equity, will be available for trading, according to Nuvama Alternative and Quantitative Research.

Broking company Motilal Oswal and Nuvama downgraded shares of ITC Ltd. on Friday, January 2, following the announcement of the increase in cigarette excise duties on Thursday, January 1, 2026. Additionally, both brokerages have lowered their respective stock price targets.

Some of the stocks to watch in today’s trade include Maruti Suzuki, Hyundai, Hero MotoCorp, Aurobindo Pharma and more.

Check The Full List Here 

Even though the market ended close to the flatline, the Nifty increased 16 points to settle at 26,146, extending its winning run for the second straight session. Throughout the session, the benchmark was able to maintain a comfortable level above 26,100.

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