Liquide Market Summary 2nd January 2026
The Indian benchmarks closed higher on January 2, with Nifty hitting a fresh all-time high of 26,340 intraday, driven by broad-based buying across sectors, excluding FMCG.
Indian Stock Market Today: The Indian benchmarks closed higher on January 2, with Nifty hitting a fresh all-time high of 26,340 intraday, driven by broad-based buying across sectors, excluding FMCG. The Nifty Bank index also reached a new record high of 60,203.75 intraday.
Broader indices outperformed the main benchmarks, with Nifty Midcap gaining 1% to reach a new high, while the Nifty Smallcap index rose by 0.7%. On the sectoral front, all indices ended in the green, except for FMCG, which saw a decline of 1%.
NIFTY: The index opened flat at 26,155.10, reached a high of 26,340 and closed at 26,328.55. Nifty formed a long bullish candle on the daily chart, indicating a decisive breakout from the recent consolidation phase. Its immediate resistance level is now placed at 26,400 while immediate support is at 26,260.
BANK NIFTY: The index opened 45 points higher at 59,757 and closed at 60,150.95. Bank Nifty also formed a long bullish candle on the daily timeframe. Its immediate resistance level is now placed at 60,250 while immediate support is around 59,950.
Stocks in News
- Coal India: Stock surged nearly 7% after the company announced that coal consumers from Bangladesh, Bhutan and Nepal can now directly participate in its Single Window Mode Agnostic (SWMA) e-auctions for importing coal from India.
- National Aluminium: Stock rose by 5% as LME (London Metal Exchange) Aluminium prices hit $3,000 for the first time since 2022, with other aluminium stocks following suit.
- Bharat Heavy Electricals: Stock gained about 3% after the Telangana Commercial Tax Department waived a ₹183.77 crore GST demand, including interest and penalties for FY22, providing significant tax relief to the company.
Other News
- European shares surged to a new record high on the first trading day of 2026, with defence stocks leading the gains.
- Asian markets also began the year on a positive note, with major indexes and regional markets showing gains, fuelled by optimism around tech and AI developments.
- Oil prices edged higher as trading resumed in 2026, following their largest annual loss since 2020, as Ukrainian drones targeted Russian oil facilities and a U.S. blockade impacted Venezuelan exports.
- Precious metals started the New Year strong, recovering from late‑year declines, as rising tensions among major powers and expectations of U.S. rate cuts increased investor demand for gold and other bullion.
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