Published on 02/01/2026 01:01 PM
The shares of Transformers And Rectifiers surged by over 8%.
Coal India permits direct participation of foreign coal buyers in e-Auction w.e.f Jan 1, 2026
Nifty above 26,300 and now 20 points away from record high
The Nifty Bank has surged by over 400 points, as the banking index is on the rise along with the larger market.
After a long-running data breach at its healthcare claims processing subsidiary, TriZetto Provider Solutions (TPS), led to legal challenges from impacted individuals, Cognisant Technology Solutions is currently dealing with a wave of class-action lawsuits in the United States.
The Nifty Midcap 100 index is on the rise, and is up over 500 points.
Govt approves 22 investment proposals under Electronics Component PLI scheme
Dharmesh Shah of ICICI Securities
BHEL: I-T Department drops ₹183.77 cr tax demand along with interest & penalty against
Affle Ind | Appoints Sameer Sondhi As Chief Strategic Investments Officer & CEO, North America
The United Spirit shares fell from the highs to turn negative and are now down over 1%.
Market at day’s high, Nifty 50 less than 50 points away from record high
Nifty Bank hits record high of 60,118.1, crosses earlier level of 60,114.30 on December 1, 2025
Somil Mehta, Head of Alternate Research, Capital Market Strategy at Mirae Asset Sharekhan
On ITC
Definitely a falling knife at this point in time. I will be expecting targets of around ₹340-330 levels, where we have a quarterly swing low for ITC. If it does not sustain here, the next level is ₹300, which is the next quarterly swing low. So the trend is down; I would definitely expect more sell-off here for ITC, and my view is negative as well.
Rupee at day’s low, back at 90.12 vs US Dollar
December Manufacturing PMI of 55.0 lowest in 2 years
Dharmesh Shah of ICICI Securities has shared fresh trading recommendations on two large-cap stocks.
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On Friday, January 2, Larsen and Toubro (L&T) Ltd. announced that the Steel Authority of India Ltd. (SAIL) and other companies had placed “major” orders with its minerals and metals business vertical.
The rupee saw rangebound trading in the morning session on Friday, rising 6 paise to 89.92 against the US dollar as daily demand-supply imbalances were highlighted by tight liquidity circumstances, maintaining the rupee’s tendency towards weakening.
Dharmesh Shah of ICICI Securities
Consumers are making healthier choices. Acquired Max Protein to capitalise on the protein wave; protein segment is approx ₹1,000-2,000 cr for co’s pdts
Varun Goel, Senior Fund Manager, Mirae Asset Mutual Fund
On Consumption theme
Shares of ITC Ltd. dropped another 4% on Friday, January 2, continuing their downward trend following Thursday’s steep sell-off triggered by the increase in excise duty on cigarettes. Since the morning, ITC has received at least seven downgrades, with significant reductions to price targets.
After broking firm Kotak Institutional Equities reaffirmed its ‘Buy’ recommendation on the stock and maintained a price objective of ₹1,380 per share, shares of PVR Inox Ltd. increased as much as 3% on Friday, January 2.
PB Fintech slips in trade, down over 1% after DFS Secy, RBI comments on insurance commissions.
Devyani International-Sapphire Merger In Focus
As the Nifty index surged, these were the Nifty’s top contributors, led by Reliance.
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