Capital Group’s Smallcap World Fund sold 22.69 lakh Entero Healthcare shares, or 5.2%, at Rs. 950 each for Rs. 215.6 crore, while ICICI Prudential MF picked up 5.01%. Separately, SBI Mutual Fund offloaded a 2.4% stake in Nazara Technologies for over Rs. 216 crore. Nazara trades 30.19% below its 52-week high, with a market cap of Rs. 9,374.62 crore.

Cupid advanced 0.97% to Rs. 491.20 after securing board approval to set up its first overseas FMCG manufacturing facility in Saudi Arabia, targeting the GCC market. The stock touched a 52-week high of Rs. 498.30, though volumes fell 80.94%. Separately, WOG Technologies filed IPO papers with SEBI for a Rs. 375 crore fresh issue, along with an offer-for-sale of 43.28 lakh shares.

Ola Electric Mobility edged up 0.14% to Rs. 35.48 after its Roadster X+ motorcycle, featuring a 9.1 kWh 4680 Bharat Cell battery, received CMVR approval from iCAT. The certification allows the company to start deliveries. The stock traded between Rs. 35.32 and Rs. 35.72, though volumes fell sharply by 96.80% from the five-day average.

Indian Overseas Bank rose 0.24% to Rs. 33.91 after RBI approved an IFSC banking unit in GIFT City, though volumes were down 90%. Bandhan Bank slipped 0.34% to Rs. 145.60 after selling Rs. 3,165.25 crore of unsecured NPAs to ARCIL for Rs. 569.75 crore and another Rs. 3,707.11 crore to Phoenix ARC for Rs. 331.97 crore, reflecting ongoing balance-sheet clean-up.

Mastek eased 0.80% to Rs. 2,094.40 after appointing Google tech leader Marc Berson to its board, with volumes up 49.78%. The stock remains 33.19% below its 52-week high of Rs. 3,134.95. Gujarat Narmada Valley Fertilisers declined 0.52% to Rs. 491.50 after Managing Director T Natarajan resigned and Rajkumar Beniwal was appointed, with volumes down nearly 96%.

Morgan Stanley reiterated an ‘overweight’ call on Shriram Finance with a target of Rs. 925 after CARE upgraded its long-term rating to AAA, a move that could lower borrowing costs and support loan growth. The stock rose 1.13% to Rs. 966.10. Meanwhile, CLSA maintained an ‘outperform’ rating on Dixon Technologies but cut its target to Rs. 15,800 from Rs. 18,800, citing softer smartphone demand and flat Q3 growth expectations.

Lupin shares rose 0.82% to Rs. 2,096.50 after signing an exclusive license, supply and distribution deal with China-based Gan & Lee Pharma for Bofanglutide, a fortnightly GLP-1 drug for type 2 diabetes and weight management. The stock moved between Rs. 2,087 and Rs. 2,099.60, while volumes dropped 97.57% from the five-day average.

KPI Green Energy jumped 9.49% to Rs. 442.35, its biggest gain in seven months, after falling 3.04% in the previous session. The stock moved between Rs. 404.05 and Rs. 443.15 intraday, with volumes rising 159.7% to 91,494 shares. Despite the rally, it trades 24.9% below its Rs. 589 52-week high, with a market capitalisation of Rs. 8,729.38 crore.

Timex Group India surged 3.84% to Rs. 342.15 after its promoter chose to exercise the oversubscription option in the OFS, selling an additional 45.09 lakh shares, or 4.47% stake. The stock hit a high of Rs. 345.80 and low of Rs. 332, with volumes jumping to 38.75 lakh shares versus a five-day average of 1.08 lakh.

Defence sector stocks, including BEL, Garden Reach, and MTAR Tech, have rallied sharply, gaining up to 45% year to date. Strong order books, government push for indigenization, and rising global demand have fueled investor optimism. Analysts highlight robust fundamentals but caution that valuations are running high. The big question now is whether this strength can be sustained through 2026 as defence spending continues to expand.

Gold recovered from a two-week low on December 30, rising 1.1% to $4,378.29 per ounce after a sharp drop on December 29, its steepest daily fall since October 21. US February gold futures also gained 1.1% to $4,392.0/oz, following the record high of $4,549.71 reached on December 26, as traders brace for potential 2026 rallies.

Gujarat Kidney shares gained 6% over the IPO price. At the same time, Sundrex Oil listed at a 20% discount with zero grey market premium. SEBI approved Varmora Granito, Knack Packaging, Shivalaya Construction, and Behari Lal Engineering IPOs.

Market action at press time showed heavy trading in metal and industrial stocks, with Hindustan Copper leading turnover on both exchanges, followed by Dixon Technologies, Rail Vikas Nigam, and Mishra Dhatu Nigam. Meanwhile, selling in HDFC Bank, ICICI Bank, Infosys and HCL Tech dragged the Sensex. On the other hand, Reliance Industries, SBI, Bharti Airtel, L&T, and Titan provided limited support.

US equities closed lower on Monday, with the S&P 500 down 0.35% to 6,905.74, Nasdaq falling 0.50% to 23,474.35, and Dow slipping 0.51% to 48,461.93. Tech stocks dragged markets, with Nvidia down 1.2% and Palantir dropping 2.4% ahead of the New Year.

Shyam Dhani shares made a stellar debut on NSE SME, opening at Rs.133 against the issue price of Rs.70, marking a 90% premium. The Rs.38.49-crore IPO had drawn massive investor interest, with non-institutional bids oversubscribed more than 1,600 times. Grey market signals had already hinted at strong listing gains, with GMP hovering around Rs.68. The stock quickly climbed to Rs.136, underscoring robust confidence in the company’s market entry.

Gold Prices Today: MCX Gold Climbs Above Rs. 1.35 Lakh, Silver Surges Over 4% After Sharp Sell-Off

Indian Stock Market Today: Sensex Below 85,000, Nifty Near 25,900 as FII Selling and Rising VIX Signal Caution

Indian stock markets are swinging between gains and losses this Tuesday as volatility returns to Dalal Street in the final trading sessions of the year. The Sensex and Nifty erased early losses but continue to trade near crucial levels, with the Nifty slipping below the 25,950 mark once again amid low volumes and expiry-related moves. The Sensex is hovering below 84,700, reflecting a cautious mood among traders.

Auto and metal stocks are providing selective support after early pressure, while PSU banks are also showing resilience. On the other hand, stocks like Apollo Hospitals, Tata Consumer, Jio Financial, and select FMCG names are dragging the indices. Broader markets remain weak, with midcap and smallcap stocks under pressure.

Global cues are mildly positive, the rupee is marginally stronger, and traders are closely tracking Nifty’s ability to reclaim the 26,000 level. Stay with us for LIVE stock market updates, top gainers and losers, sectoral action, expert views, and key triggers driving the Sensex and Nifty through the day.