Indian stock markets closed the first trading day of 2024 on a strong note, with the Nifty 50 reaching a new record high of 26,328.55 and the Sensex topping 85,762. This rise was driven by widespread buying and optimism ahead of the upcoming Q3 earnings season.
The Nifty 50 jumped 182 points (0.70%) to end at 26,328.55, while the Sensex added 573 points (0.67%) to finish at 85,762.01. Mid‑cap and small‑cap indices also rose, gaining 0.97% and 0.79% respectively. Overall market value grew by more than ₹4 trillion in a single session, pushing the total market cap of BSE‑listed companies above ₹481 trillion.
Broad‑based buying lifted most sectors. The biggest winners were:
Fast‑moving consumer goods (FMCG) lagged as investors trimmed profits after recent outperformance. Private banks, non‑bank lenders, IT and pharma added modest support.
The Nifty continues to trade inside a rising channel and stays above key short‑ and medium‑term moving averages. Momentum indicators are positive:
As long as the index holds above 26,300, the next targets are around 26,500‑26,700. A pullback could find support near 25,900, with a deeper safety net at 25,500.
Two stocks caught analysts' attention today:
The banking index also hit a fresh all‑time high, closing at 60,150.95, up 0.70%. RSI is near 68 and MACD shows a bullish crossover, keeping the uptrend intact. If the index stays above 60,300 it could aim for 61,000; support lies around 58,500‑58,000.
Record‑high levels suggest confidence in Indian equities, especially ahead of earnings reports. Retail investors may benefit from the overall upward trend, but should stay aware of sector‑specific risks and keep an eye on key support levels.
Remember, this is my perspective, not a prediction. Always do your own research or consult a certified advisor before making any investment decisions.
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Join TelegramIndian markets are wobbling, but the Nifty 50 managed to end higher on Monday, hinting at a possible bounce. Market Snapshot The Sensex rose 301.93 points (0.36%) to finish at 83,878.17, while the Nifty 50 gained 106.95 points (0.42%) to close at 25,790.25. The rise came after renewed optimism about a potential India‑US trade deal. Nifty 50 Outlook Technical analysis shows a bullish candle with a long lower shadow, suggesting buying interest at lower levels. The index needs to stay above 25,800 to aim for 25,950 and then 26,150. Support levels are around 25,650 and 25,500. Bank Nifty Outlook Bank Nifty climbed 198.95 points (0.34%) to end at 59,450.50. It formed a small bullish candle with buying seen near the lower zones. For further upside, the index must clear the 59,550 level, targeting 59,750 and eventually 60,000. On the downside, support sits near 59,250 and 59,000. Top Stock Picks for Today (13 Jan 2026) Alkem Laboratories – BuyTarget: ₹6,200 Stop‑loss: ₹5,700The stock broke out with a strong bullish candle and a confirming MACD crossover. IndusInd Bank – BuyTarget: ₹970 Stop‑loss: ₹875Price is retesting a breakout zone and has bounced off its 20‑day EMA, supported by a rising RSI. Coal India – BuyTarget: ₹460 Stop‑loss: ₹418A clear "pole‑and‑flag" pattern points to continued upside, with a strengthening ADX. What to Watch Option data suggests the Nifty may trade between 25,400 and 26,200 in the near term, with a tighter range of 25,600‑26,000. Keep an eye on global tariff talks and geopolitical news, as they can sway market sentiment. Disclaimer These insights are based on individual analyst opinions, not a guarantee of future performance. Remember, this is perspective, not prediction. Do your own research or consult a certified advisor before making any investment decisions.
SEBI’s chairperson announced that the regulator is in the final stages of approving the National Stock Exchange’s long‑awaited public offering, with a no‑objection certificate expected very soon. SEBI’s Update on the NSE IPO During a conversation with a news agency, SEBI chairman Tuhin Kanta Pandey said the agency is "at a very advanced stage" of issuing the NOC for the NSE IPO, possibly within the month. While he did not give a firm date, the comment signals a clear move toward green‑lighting the listing. Steps NSE Took to Address Regulatory Concerns Changed senior management and restructured its board. Strengthened compliance systems and settled past regulatory cases. Paid a Rs 643 crore penalty in October 2024 to resolve the Trading Access Point (TAP) issue. These actions were taken after the exchange’s earlier draft prospectus in 2016 was stalled due to alleged misuse of its algorithmic trading platform. SEBI’s Wider Market Safeguards The regulator is also tightening oversight of digital platforms. More than 100,000 pieces of misleading content have been taken down from social media in recent months, using an AI‑driven tool called AI Sudarshan that spots illegal market‑related posts. New Tools for Investor Protection SEBICheck: A quick verification service that lets investors confirm whether a bank account, UPI handle or QR code is authorized for securities transactions. Multilingual awareness campaigns: SEBI will roll out education material in several languages and formats, including short videos and reels, to reach younger investors. Investors are urged to use SEBICheck before sending money, as fraudsters often misuse SEBI’s name and logo. Regulatory Stance on Derivatives and Gold Products SEBI does not plan immediate changes to derivatives rules. The regulator is reviewing data from measures introduced between October 2024 and December 2025 before deciding on any next steps. Gold exchange‑traded funds (ETFs) continue to operate smoothly, whereas electronic gold receipts (EGRs) have faced some operational hiccups. Disclaimer Remember, this is perspective, not a prediction. Do your own research and consider your personal financial situation before making any investment decisions.
The Narmadesh Brass Industries IPO starts on Monday and shows a zero grey market premium, suggesting investors expect the shares to open close to the issue price. What a zero GMP means A grey market premium (GMP) is the extra amount investors are willing to pay for shares before they officially list. A zero GMP indicates that the market does not expect a big jump in price on the listing day. Key details of the IPO Issue price: Rs 515 per share Total size: 8.71 lakh shares (about Rs 45 crore) Fresh issue: Rs 36.1 crore Offer for sale: Rs 8.8 crore Listing platform: BSE SME Subscription period: Monday to Thursday Listing date: 20 January Who can invest and how much to put in The lot size is 240 shares. Retail investors must apply for at least two lots (480 shares), which costs Rs 2,47,200. About 47.4% of the issue is reserved for retail and non‑institutional investors, while 5.2% goes to the market maker. About Narmadesh Brass Industries Based in Jamnagar, known as India’s “Brass City,” the company makes brass billets, rods, valves, plumbing fittings, agricultural sprayer parts, and custom‑machined components. It runs an integrated plant with casting, forging and machining all done in‑house, helping it control quality and delivery times. How the money will be used The proceeds will mainly be used to: Repay or pre‑pay borrowings of about Rs 14.5 crore Fund working‑capital needs Buy new machinery Cover general corporate expenses Disclaimer Remember, this is just information, not a recommendation. Do your own research before making any investment decisions.