India’s stock market started 2026 on a high note, with the Nifty 50 reaching a new intraday record of 26,340 on January 2.
Overall market move
The BSE Sensex rose 720.56 points (0.84%) to close at 85,762.01, while the Nifty 50 climbed 286.25 points (1.09%) to end at 26,328.55.
Big gainers and losers
Large‑cap stocks such as IDBI Bank, Bosch, Indian Overseas Bank, Jindal Steel, NTPC and Tata Steel pushed the BSE Large‑cap index up 1.3%.
Meanwhile, ITC, Waaree Energies, Indian Railway Finance Corp and Berger Paints fell between 3% and 13%.
Small‑cap and mid‑cap highlights
- Small‑cap leaders: Silver Touch Technologies, Orient Technologies, Shalimar Paints, Veranda Learning Solutions, Integrated Industries, Nazara Technologies.
- Mid‑cap stars: Ola Electric Mobility, Bank of Maharashtra, SJVN, Steel Authority of India, Gujarat Gas, Indian Bank – each up more than 10%.
- Notable decliners: Godfrey Phillips India, Indo Thai Securities, Rajesh Exports, and several others dropped 10%–20%.
Sector performance
- Metal and PSU Bank indices added about 5% each.
- Auto, Media, Energy and Oil & Gas rose around 3%.
- FMCG fell 3.7% and IT slipped 0.6%.
Investor flow
Foreign Institutional Investors (FIIs) were net sellers, offloading roughly ₹13,180 crore, while Domestic Institutional Investors (DIIs) bought about ₹17,767 crore.
Currency update
The rupee weakened to ₹90.19 per U.S. dollar on January 2, compared with ₹89.85 at the end of 2025.
What to watch
Reliance Industries, State Bank of India, NTPC and Mahindra & Mahindra added the most market value this week, whereas ITC, TCS and Infosys lost the most.
Disclaimer
Remember, this is just a snapshot of the market, not a prediction. Do your own research before making any investment decisions.