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WEEKLY REPORT
The Indian equity indices finished the first week of 2026 on a historic note, with the Nifty 50 hitting a fresh all-time intraday high of 26,340 during the Friday, January 2 session. The market extended its gains for a second consecutive week, led by strong auto sales numbers and enthusiasm around a better earnings outlook, despite geopolitical tensions and persistent FII selling.
BSE Sensex index jumped 720.56 points or 0.84 percent at 85,762.01, while Nifty50 index added 286.25 points or 1.09 percent at 26,328.55.
During the week, Reliance Industries added the most in terms of market value, followed by State Bank of India, NTPC, and Mahindra and Mahindra. On the other hand, ITC, Tata Consultancy Services, and Infosys lost a significant portion of their market capitalization.
Among the broader market indices, the BSE Large-cap, BSE Mid-cap index, and the Small-cap indices gained 1.30, 1.70, and 1.00 percent, respectively, this week.
Among sectors, Nifty Metal and PSU Bank indices added 5 percent each, while Nifty Auto, Media, Energy, and Oil & Gas rose 3 percent each. However, the Nifty FMCG index shed 3.7 percent, and the Nifty IT index fell 0.6%.
Despite turning net buyers in the Friday’s session, the Foreign Institutional Investors (FIIs) remained net sellers in the Indian equity markets during the first week of 2026, as they sold equities worth Rs 13,180.09 crore. On the other hand, Domestic Institutional Investors (DIIs) extended their support as they bought equities worth Rs 17766.57 crore.
The Indian rupee depreciated further against the US dollar as the domestic currency settled at 90.19 per dollar on January 2, down 34 paise from the 89.85 closing of December 26, 2025.
ECONOMY
UP leads India’s hybrid car adoption
India’s Metro cities like Delhi, Bengaluru and Chandigarh are driving India’s electric vehicle transition, Uttar Pradesh is carving out a distinct path as the country’s biggest market for hybrid vehicles. UP has emerged as the country’s largest market for strong-hybrid vehicles, driven by favourable taxes and buyer preference for fuel efficiency. Other significant contributors include Andhra Pradesh, Kerala and Tamil Nadu, each hovering around the 4-5 percent EV adoption mark.
Coal India opens auctions to foreign buyers
State-run miner Coal India, opens new tab on Friday opened up its e-auctions to foreign buyers from neighbours Bangladesh, Bhutan and Nepal amid a decline in local demand for power generation. The move is seen as a strategic push to expand export markets and bolster profitability amid weaker coal consumption at home.
STOCKS IN NEWS
Coal India
Coal India shares surged over 6.15 percent this week after the PSU firm permitted coal consumers located in neighbouring countries like Bangladesh, Bhutan, and Nepal, who wish to import coal from India, to directly participate in the Single Window Mode Agnostic (SWMA) auctions conducted by the company
Olectra Greentech
Olectra Greentech shares jumped 2.71 percent over the week after the company announced the beginning of operations for its greenfield electric vehicle (EV) manufacturing facility situated at Seetharampur in Telangana’s Hyderabad. The facility is expected to have an annual per shift production capacity of 2,500 buses.
Cupid
Shares of Cupid Ltd went down over 14 percent this week after they were placed under the long-term Additional Surveillance Measure Stage 1 framework. The framework involves 100% margin requirements on T+3 days to curb volatility in certain stocks. The margin requirement limits speculative trading and reduces risk exposure in potentially unstable or manipulated stocks. It acts as a buffer against uncontrolled price moves.
ITC
The shares of heavyweight ITC closed 13.15 percent lower by the end of the week after the government imposed a new bombshell excise duty on cigarettes, effective from next month. Several mutual fund houses will likely see some impact on their holdings, as they own a notable stake in the company
Blue Dart
Blue Dart Express shares rose more than 3 percent this week after the Goods and Services Tax adjudicating authority revised the tax demand from Rs 421 crore to Rs 64.98 lakh, along with applicable interest of Rs 41.71 lakh and a penalty of Rs 6.49 lakh. Blue Dart Aviation has accepted and paid the revised tax and interest to avoid prolonged litigation.
Source – Moneycontrol, Reuters