Indian stock markets are likely to start the day on a mixed or slightly positive note on Tuesday, Jan 6, as regional markets in Asia are showing gains.
Pre‑market data on the Gift Nifty showed the index at 26,392, up about 0.3%.
The Sensex closed at 85,440 on Monday, down 322 points (‑0.38%). Analysts say the 85,000‑85,200 range now acts as the main support. If the index falls below 85,000, it could test the 100‑day moving average around 83,500. The 85,800‑86,000 zone is seen as strong resistance.
The Nifty 50 ended Monday at 26,250, after briefly hitting a record high of 26,373. It fell back to an intraday low of 26,210. Analysts view the 26,300 level as a key resistance, while the 26,200‑26,150 band offers support. The market‑wide RSI is around 58, showing weaker momentum.
Bank Nifty touched a fresh high of 60,437 on Monday but slipped below 60,000 before closing at 60,044. The index appears to be consolidating within an overall uptrend. Resistance sits near 60,300‑60,400, while support is around 59,700‑59,800.
For the Jan 6 expiry, call buying is strong at the 26,300 strike for Nifty, creating resistance, while put positions are concentrated at 26,200 and 26,000, providing a safety net. The put‑call ratio is about 0.96, indicating a fairly balanced market.
Traders are likely to stay cautious ahead of U.S. labor data and upcoming corporate earnings, but the overall tone is modestly positive. Keeping an eye on the support zones mentioned above can help manage risk.
These views are from individual analysts, not financial advice. Always do your own research or consult a qualified professional before making any investment decisions.
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Join TelegramIndia saw an unprecedented wave of initial public offerings in 2025, raising nearly Rs 1.95 trillion and giving banks a record $417 million in underwriting fees. Record IPO Activity in 2025 Companies listed on Indian exchanges pulled in about Rs 1.95 trillion, beating the previous year’s high of Rs 1.73 trillion. The jump was driven by more retail investors, steady demand from institutions, and rules that made it easier for firms to go public. Bank Earnings Reach New High Strong deal flow stopped years of fee‑cutting wars and let banks charge higher commissions. On average, banks earned 1.86% of the deal value, up from 1.67% a year earlier. Axis Bank topped the list with $34.3 million in fees. Citi earned $27.1 million. JM Financial collected $25.6 million. JPMorgan made $22.6 million. Motilal Oswal Financial Services saw its fee income grow almost fourfold. Other notable earners included Morgan Stanley and State Bank of India. Why Fees Are Still Low by Global Standards Even with the record haul, Indian underwriting fees remain cheaper than many markets. For example, the typical fee in Hong Kong sits around 1.5%, while India’s average is now about 1.86%. What Might Happen Next? Analysts expect fee percentages to edge higher if more standardized IPOs hit the market this year. A steady pipeline could also reduce the need for aggressive discounting, helping keep pricing discipline intact. Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
India’s National Stock Exchange (NSE) is gearing up to submit its draft prospectus for a public listing by the end of March. Why the IPO Matters The NSE is valued at about $55 billion, making it one of the largest IPOs the country has ever seen. A successful listing could bring new investment opportunities for retail and institutional investors alike. Current Progress The exchange is in talks with investment banks and law firms to finalize the prospectus and test investor demand. Formal appointments will follow once SEBI, the market regulator, gives a no‑objection certificate. Regulatory Hurdles The NSE has been trying to go public since 2016. A pending Supreme Court case and SEBI’s investigation into its co‑location facilities have delayed the process. Last year, the exchange offered a settlement of about ₹13.9 billion, which SEBI is still reviewing. Shareholder Landscape More than 177,000 shareholders currently hold unlisted NSE shares. Major institutional owners include Life Insurance Corporation of India, State Bank of India, Temasek Holdings, Morgan Stanley and the Canada Pension Plan Investment Board. Before the IPO, unlisted shares trade at roughly ₹2,000 each. What Investors Should Watch How many shares will actually be offered – the company has not disclosed the exact percentage. Whether the IPO pricing will be attractive compared with the listed rival, BSE Ltd, which trades around ₹2,800 per share. Potential priority given to long‑term institutional holders during the share‑sale process. Bottom Line If the NSE clears SEBI’s final hurdle and files the prospectus as planned, retail investors could gain exposure to a market‑leader that has never been listed before. Keep an eye on the official filing and any pricing guidance that follows. Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.
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