Liquide Market Summary 1st January 2026
The Indian equity indices began 2026 on a positive note, extending gains from the previous session as buying interest emerged across most sectors, except FMCG and Pharma.
Indian Stock Market Today: The Indian equity indices began 2026 on a positive note, extending gains from the previous session as buying interest emerged across most sectors, except FMCG and Pharma. However, mid-day profit-booking erased a large part of the early momentum, leading the benchmarks to close largely flat.
In the broader market, the BSE Midcap index advanced 0.3% while the BSE Smallcap index ended flat. Sectorally, FMCG stocks underperformed, with the index declining 3% while the Pharma index slipped 0.4%. In contrast, Auto, IT, Metal, Realty and PSU Bank indices posted gains in the range of 0.4% to 1%.
NIFTY: The index opened 43.70 points higher at 26,173.30, reached a high of 26,197.55 and closed at 26,146.55. Nifty formed a small bearish candle with upper and lower shadows, indicating range-bound trade. Its immediate resistance level is now placed at 26,200 while immediate support is at 26,080.
BANK NIFTY: The index opened 92.95 points higher at 59,674.80 and closed at 59,711.55. Bank Nifty formed a small-bodied bullish candle on the daily chart. Its immediate resistance level is now placed at 59,800 while immediate support is around 59,400.
Stocks in News
- APL Apollo Tubes: Stock rose about 3% after reporting record sales volumes of 9,16,976 tonnes in Q3 FY26, up 11% year-on-year and 7% sequentially from 8,55,037 tonnes in Q2 FY26.
- ITC: Stock plunged nearly 10% after the finance ministry notified an additional excise duty of ₹2,050 to ₹8,500 per 1,000 cigarette sticks, over and above the existing 40% GST, effective February 1.
Other News
- European and Asian stock markets remained closed on Thursday for the New Year holiday.
- The rupee settled at 89.96 per dollar, down from 89.87 on Wednesday.
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