Bank Nifty shows strong momentum entering earnings season, historically outperforming post-rate cuts. While Nifty's gains are concentrated, broader participation is noted. Analysts suggest focusing on large-cap banks for buying opportunities, anticipating further upside based on historical trends and recent performance.
Bharat Coking Coal Limited (BCCL) is set to launch its maiden IPO in 2026, offering up to 46.57 crore equity shares via an offer-for-sale by Coal India. The IPO, priced between Rs 21 and Rs 23, aims to raise Rs 1,071 crore and will list on BSE and NSE.
Avenue Supermarts' shares dipped 1.5% after reporting a 13% year-on-year revenue increase to Rs 17,613 crore for Q3 FY26. The retailer's provisional update showed a total store count of 442. This follows a 4% net profit rise in the previous quarter.
Asian equities surged to a record high, driven by technology shares, while oil prices fluctuated and precious metals climbed. The ousting of Venezuela's president introduced a geopolitical flashpoint, but markets largely digested the news, with traders refocusing on rate paths and liquidity conditions.
Emerging-market bonds are poised for support in 2026, driven by increasing local investor ownership. These domestic holders, less exposed to currency risk, are proving more resilient. This shift, with China, Mexico, and Indonesia leading, signifies maturing financial markets and a more stable outlook for the asset class.
Benchmark indices reached new all-time highs as 2026 trading commenced, fueling stock-specific action. Traders carried forward bullish bets and reduced bearish positions in select stock futures for the January series. Several stocks, including UNO Minda, Tata Power, and Varun Beverages, are showing strong momentum and are poised for significant movement.
The Nifty has broken out of a five-week consolidation, signaling a resumption of its uptrend and is expected to rally towards 26,800 in January. Analysts suggest buying on dips as long as the index holds above key support levels, with positive momentum indicators supporting the bullish outlook.
Emerging markets veteran Mark Mobius, with 30% of his portfolio in India, believes the country will outperform China in 2026 due to economic reforms and a sourcing shift. He advises caution and capital preservation, holding 20% cash and using put options for downside protection amidst global uncertainty.
