The Week That Was @ 8:30 AM – Saturday, January 3rd 2026
December 29th 2025 to January 2nd 2026
Nifty Starts 2026 With Gains!
Market wisdom says: There is a bright chance that the bullish tone set in first 2-trading days in January could echo all-through the year 2026.
Now, before getting into detail, we would like to wish all our readers and listeners a wonderful new year filled with abundance, joy, and treasured moments.
Most importantly —— a super-duper profitable 2026.
Nifty (+1.10%, 26329)
Sensex (+0.85%, 85762)
Bank Nifty (+1.93%, 60151)
Well, Nifty scaled new all-time-high, Bank Nifty too scaled fresh record high on strong Q3 updates.
The positive takeaway was that Nifty PSU Bank and Private Bank indices also hit fresh lifetime highs. Nifty Auto index too was on top gear, ringing fresh call-time-high.
# The 2-Biggest Positive catalyst in the week gone by:
1) Hopes of another quarter-point rate cut from the Federal Reserve and the RBI—keeping bullish hopes firmly alive.
2) Robust GST collections for December at ₹1.74 lakh crore, reflecting 6.1% year-on-year growth and marking the fastest expansion in three months.
Interestingly, Nifty’s massive gains came despite persistent FII selling. Foreign Institutional Investors remained on the sell-side last week, offloading ₹13,180 crore worth of equities.
# Bottom-line: “Going forward, Fear of Missing Out (FOMO) is likely to dominate traders’ psyche, with bargain hunting and value buying emerging as the preferred themes.”
Weekly Recap:
Instruments LTP Weekly % Change
Nifty 26329 +1.10%
Sensex 85762 +0.85%
Bank Nifty 60151 +1.93%
Nifty Midcap 16224 +1.25%
India VIX 9.45 +3.28%
Dow Jones 48382 -0.67%
Nasdaq 25206 -1.71%
Bovespa 160539 -0.22%
Crude Oil 56.86 +0.22%
Gold 4321 -4.60%
Silver 71.90 -9.20%
USD/INR 90.02 +0.26%
# Here are how indices performed in the week gone by:
1) Nifty (+1.10%) witnessed wild swings, but the key positive was that it ended with modest gains — and ended at new all-time-high.
Technically, Nifty is now way above its 21 DMA (26011), 50 DMA (25953) 100 DMA (25467). Nifty’s 200 DMA at 24970 mark.
2) Bank Nifty (+1.93%) too witnessed massive rebound, and the positive takeaway was that Bank Nifty mirrored Nifty’s gains and most importantly, scaled new-all-time-high.
Bank Nifty’s 200-DMA is at 55980 mark.
3) Nifty Private Bank (+1.76%) and the Nifty PSU Bank (+4.98%) index too zoomed higher and scaled fresh record highs.
4) The broader markets, especially Nifty Mid-cap 50 index (+1.88%) and the Nifty Small-cap index (+0.77%) gained and ended on a firm note.
Bullish Sectors:
Nifty Metal (+5.70%)
Nifty Media (+3.68%)
Nifty Auto (+3.83%)
Nifty Energy (+3.47%)
Nifty Infra (+2.10%)
Nifty Realty (+1.77%)
Nifty Pharma (+0.47%)
Bearish Sectors:
Nifty FMCG (-3.72%)
Nifty IT (-0.65%)
STOCK SPECIFIC NEWS:
1) TVS Motor (+5.88%, ₹ 3848)
TVS Motor rose and scaled all-time-high after total monthly sales climb 50% YoY in December'25
TVS Motor Company registered sales of 481,389 units in December 2025, which is 50% higher as compared with the 321,687 units sold in December 2024.
2) Dr. Reddy’s Laboratories (-1.04%, ₹ 1256)
Dr. Reddy’s Laboratories slipped after its Switzerland-based subsidiary received a Complete Response Letter (CRL) from the USFDA for the biologics license application of its proposed biosimilar AVT03, keeping regulatory overhang in focus.
3) Coal India (+6.4%, ₹ 428)
Coal India surged after the company announced a major policy shift allowing direct foreign participation in its e-auction process — a move that meaningfully strengthens long-term demand visibility.
In a regulatory filing, Coal India stated that effective January 1, 2026, coal consumers from Bangladesh, Bhutan, and Nepal will now be permitted to directly participate in its Single Window Mode Agnostic (SWMA) auctions.
Foreign buyers can bid digitally and make payments through FEMA-compliant channels.
This marks a strategic expansion of Coal India’s addressable market and is expected to enhance realizations, cross-border trade volumes, and long-term revenue growth.
4) Maruti Suzuki (+2.19%, ₹ 16960)
Maruti Suzuki India rose after the company’s total production rose 34.43% to 211,939 units in December 2025 as against 157,654 units recorded in December 2024.
5) Punjab & Sind Bank (+5.36%, ₹ 29.39)
Punjab & Sind Bank jumped after the bank's gross advances increased by 15.25% to Rs 110,488 crore as of 31 December 2025, as against Rs 95,870 crore as of 31 December 2024.
7) South Indian Bank (+1.95%, ₹ 38.67)
South Indian Bank advanced after the private lender said that its gross advances jumped 11.27% to Rs 96,765 crore as of 31 December 2025 as against Rs 86,966 crore as of 31 December 2024.
8) Cigarette Stocks Sink as Government Slaps Fresh Excise Duty
Shares of cigarette makers ITC (-13%) and Godfrey Phillips (-20%) slumped sharply after the government announced a steep excise duty hike on cigarettes, effective February 1.
According to Finance Ministry notification, the new excise duty will range between ₹2,050 and ₹8,500 per 1,000 sticks, depending on the length of the cigarette.
9) Vodafone Idea (-1.34%, ₹ 11.78) slides despite AGR relief.
Shares of Vodafone Idea received drubbing despite reports suggested the Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, the report added.
10) Bharat Forge (+2.316%, 1477) gained after winning contract of Rs 1661.9 cr from Ministry of Defence.
10) Steel Stocks Rally as Govt Imposes Safeguard Duty
Tata Steel (+8%), JSW Steel (+7.89%) and Jindal Steel (+9.51%) surged after the government imposed a three-year safeguard duty of up to 12% on select steel imports, a move aimed at restricting cheap inflows from China, Vietnam and Nepal.
The policy action has significantly improved sentiment across ferrous metal stocks, enhancing domestic producers’ pricing power, capacity utilization and earnings visibility.
# In the week gone by, notable gainers amongst Nifty 50 were:
NTPC +8.64%
TATA STEEL +8.14%
JSW STEEL +7.89%
COAL INDIA +6.40%
HINDALCO +6.05%
# And the losers were:
ITC (-13.30%
HCL TECH (-1.25%)
MAX HEALTHCARE (-1.09%)
DR REDDYS LAB (-1.04%)
BAJAJ FINANCE (-0.95%)
# WHAT’S NEXT FOR NIFTY?
The Good News: Santa Claus Rally Knocks at Wall Street!
There’s growing excitement that perma-bulls at Dalal Street may finally receive their long-awaited festive reward.
Why the bullish cheer?
1) India VIX cools further to 9.15 — signaling calm beneath the rally.
2) Q2 FY26 GDP jumps 8.2% — driven by strong consumption and sector momentum.
3) US–India trade deal optimism continues to build
4) January US Fed rate cut now looks increasingly likely
What this means:
Nifty eyes its record peak at 26,326 — and potentially beyond. New all-time highs may soon become the new normal.
Technical Radar
Make-or-break support: 25,878
Strength confirmation: Above 26,350
Economic Data Radar
All eyes will be on the US Non-Farm Payrolls (NFP) data for December, scheduled for release on Friday, January 9 — a key trigger for global markets.
Quick snapshot:
November job growth: +64,000
October jobs: −105,000 (revised loss)
US Unemployment rate:
Rose to 4.6% in November 2025, up from 4.4% in September, marking the highest level since September 2021.
The December unemployment rate will be released alongside the payrolls data, and will play a crucial role in shaping expectations around the Federal Reserve’s rate-cut trajectory.
Why it matters:
A softer labor market could further strengthen the case for early-2026 rate cuts — potentially adding fuel to the global risk-on rally.
Bottom-line
This is the season of miracles — keep your bullish stock list ready before Santa delivers more momentum gifts.
Long Story Short
Fasten your seatbelts — Nifty entering uncharted territory may soon be the new normal.
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