Wockhardt advanced 1.92% to Rs. 1,404.95 after the EMA granted Accelerated Assessment status to WCK 5222, targeting MDR and XDR infections, with prices ranging between Rs. 1,373.60–1,419. Tata Chemicals climbed 2.57% to Rs. 767.90, near its 5-month high, while trading 26.75% below its 52-week peak of Rs. 1,048.35.

ZF Steering Gear (India) jumped 9.35% to Rs. 809.90 after its subsidiary Drivesys Systems secured a renewable energy order worth about Rs. 151 crore, with volumes surging 332.54%. Separately, RITES rose 2.77% to Rs. 243.84 after bagging a $ 3.6 million locomotive supply order from Zimbabwe, supported by 124.64% higher trading volumes.

Jubilant Pharmova received a Rs. 22.10 crore income-tax demand for FY20, yet the stock rose 2.24% to Rs. 1,070.35, trading between Rs. 1,037.70–1,072.35 with 71.01% higher volumes and a Rs. 17,048.66 crore market cap. Mahindra Logistics was served a GST demand and equal penalty of Rs. 22.40 crore each for FY19–FY24, with the stock slipping 0.60% to Rs. 315.55 and a Rs. 3,129.65 crore valuation.

Godrej Industries surged 4.69% to Rs. 1,009.60, its strongest rise in 19 weeks, after moving between Rs. 964.55 and Rs. 1,012.55, despite volumes falling 64.11%. Separately, MOSL maintained a ‘buy’ on VA Tech Wabag with a Rs. 1,900 target, citing a 4.6x book-to-bill and a Rs. 3,500-crore ultra-pure water opportunity, as the stock climbed 2.94% to Rs. 1,307.90 on 79.68% higher volumes.

Amber Enterprises gained 2.02% to Rs. 6,395.90 after its arm IL JIN acquired 5,09,888 Unitronics shares for NIS 1,22,37,312, raising its stake to 44.81%. Volumes jumped 102.91%. Separately, InterGlobe Aviation received a Rs. 458.26-crore GST demand for FY19–FY23, which the airline plans to contest.

Poly Medicure jumped 3.07% to Rs. 1,750.10, its strongest rise in seven weeks, after hitting an intraday high of Rs. 1,754.45, with volumes up 51.80% to 7,492 shares. Separately, Hyundai Motor India announced a 0.6% average price hike from January 1, 2026, while its stock traded at Rs. 2,296.2, down 0.23%.

Adani Ports SEZ was trading near Rs. 1,469.5 on December 31, up 0.57%, with volumes of 5.64 lakh shares. Market capitalization stood at Rs. 3,38,728.07 crore. The stock trades at a P/E of 28.33 with EPS of Rs. 51.9, delivering a 1-year return of 19.42%, keeping investors attentive to fundamentals.

Vodafone Idea shares crashed into a 15% lower circuit on December 31, even as the Cabinet approved a 5-year moratorium and froze AGR dues at Rs. 87,695 crore. The stock later traded 10% lower at Rs. 10.87. Payments are proposed to be rescheduled from FY32–FY41, keeping traders cautious despite regulatory relief. 

Global funds are rotating away from Indian equities as investors prioritize bonds and AI-linked assets, despite stable domestic fundamentals. Meanwhile, China’s factory activity rebounded in December, snapping an 8-month contraction streak, aided by stronger local demand, as policymakers work to revive the $19 trillion economy’s manufacturing engine without worsening deflation.

SME listings were mixed on December 31. Admach Systems debuted at Rs. 191.20 on the BSE SME, a 20% discount to its Rs. 239 IPO price. In contrast, Dhara Rail Projects listed at a 19% premium on NSE Emerge after a 112x subscription. Apollo Techno Industries, Bai Kakaji Polymers and Nanta Tech also hit the SME platform today.

IFCI surged 6.66% to Rs 53.82 after monetising its 10% stake in NEDFi for Rs. 121.77 crore, with volumes jumping 92.40%. Separately, Taj GVK Hotels edged up 0.75% to Rs. 432.45 after promoter Shalini Bhupal acquired 1.6 crore shares, or 25.52%, at Rs. 370 per share via an inter se transfer.

Sensex traded mixed on December 31, 2025, with Tata Steel leading gains at 2.36%, followed by Titan Company up 2.16% and Power Grid rising 1.54%. On the downside, TCS slipped 0.88%, while Bajaj Finserv and Bajaj Finance declined nearly 0.8% each, dragging the index despite broader support.

The government has imposed a steep 111.2% safeguard duty on select steel imports to protect domestic producers. This move aims to curb below-cost dumping from countries like China, South Korea, and Vietnam. Following the announcement, steel stocks surged sharply as investors cheered stronger pricing power for local firms. Analysts caution, however, that downstream industries may face higher input costs in the near term.

Apollo Micro Systems’ step-down subsidiary, IDL Explosives, has bagged fresh contracts worth Rs. 420.9 crore. The orders include a running contract for supplying bulk explosives to Coal India subsidiaries valued at Rs. 419.4 crore. Additionally, the company has clinched an export order, boosting its global footprint. This win strengthens Apollo’s order book and highlights growing demand in mining and allied industries.

Nirmal Bang upgraded Shriram Finance to 'buy' from 'hold', setting a target of Rs. 1,126, with shares at Rs. 981.45, up 0.23%, and a market cap of Rs. 184,646.28 crore. Morgan Stanley raised MCX to 'equal-weight', increasing its target to Rs. 11,135 from Rs. 6,710, citing 15–24% EPS growth for FY26–28 and strong ADTR of Rs. 10.4 crore.

Hindustan Copper fell 2.47% to Rs. 519.80, with volumes at 1,054,480, while Hindustan Zinc dropped 2.27% to Rs. 611.05 on a 7% silver price decline. Jindal Steel surged 4.01% to Rs 1,061.90, hitting a two-month high, with volumes up 59.45% at 51,118 shares. Its market cap stands at Rs. 108,323.16 crore.

Moonshot Trust sold 12.5 lakh Taj GVK Hotels shares at Rs 420 each, raising Rs 52.5 crore, alongside Starlight Trust, taking total stake sold to 3.98%. IL JIN Electronics raised its Unitronics stake to 44.81% via 509,888 shares at NIS 24 each. Premier Energies secured orders worth Rs 2,307.30 crore in Q3 FY26.

Oil prices fell as Brent crude heads for its longest annual decline, down nearly 18% in 2025, the largest yearly drop since 2018. March Brent futures slipped 6 cents to $61.27/barrel, while US WTI eased 5 cents to $57.90, marking a 15% annual decline, amid oversupply, OPEC+ output, and geopolitical tensions in Russia, Iran, and Venezuela.

US markets closed slightly lower on December 30 as the Dow fell 94.87 points (0.20%) to 48,367.06, S&P 500 slipped 9.51 points (0.14%) to 6,896.23, and Nasdaq declined 55.27 points (0.23%) to 23,419.08. Gold rebounded above USD 4,360/oz, while silver gained 10% from its worst day in four years. Asian markets showed mixed trends amid thin year-end volumes.

Comex silver prices jumped nearly 5%, sparking a sharp rally in domestic markets.

MCX silver futures followed suit, climbing strongly as investor demand for precious metals intensified. Rates in key cities like Delhi, Jaipur, and Hyderabad saw notable increases today. Analysts attribute the surge to global economic uncertainty and renewed safe-haven buying.

Gold prices eased today after touching record levels, as investors booked profits and safe-haven demand cooled. Spot gold fell nearly 2% globally, while MCX futures dropped by about Rs. 2,000 per 10 grams.

Analysts expect volatility in the Rs. 1,35,000–Rs. 1,42,000 range in the near term.

Despite the pullback, gold remains up sharply this year, supported by central bank buying and weaker dollar trends.

Vodafone Idea shares surged over 2% today, touching a fresh 52-week high amid optimism in the market. Reports suggest the Union Cabinet may consider relief measures on Adjusted Gross Revenue (AGR) dues. Investors are betting on possible waivers of interest and penalties, easing the telecom firm’s financial stress. The rally highlights renewed confidence in Vodafone Idea’s turnaround prospects if government support materializes.

SoftBank has completed a massive $41 billion investment in OpenAI, securing an 11% stake in the ChatGPT maker.

This marks one of the largest private funding rounds in tech history, underscoring Masayoshi Son’s “all in” bet on AI.

The deal strengthens SoftBank’s push into artificial intelligence and digital infrastructure amid surging global demand.

Industry watchers say the move positions SoftBank as a key player in shaping the future of generative AI.

Ola Electric’s stock surged 3.8% to Rs. 36.78 after receiving government certification for its Roadster X+ motorcycle.

The EV maker’s indigenously developed 4680 Bharat Cell battery pack has been approved under Central Motor Vehicle Rules.

This milestone makes the Roadster X+ the first electric motorcycle in India certified with an in-house battery.

With deliveries set to begin soon, the approval boosts investor confidence in Ola’s long-term EV strategy.

Automotive lighting maker Neolite ZKW Lightings has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a Rs.600 crore IPO.

The issue includes a Rs. 400 crore fresh share sale and a Rs. 200 crore offer-for-sale (OFS).

Funds will be used to set up a new manufacturing facility in Kancheepuram, Tamil Nadu, and upgrade existing operations.

This IPO marks a major step in the company’s expansion as it strengthens its position in the automotive lighting industry.

PVR INOX shares fell about 2% to Rs. 994.60 at the time of writing, following a promoter-level pledge. Ajay Kumar Bijli, the company’s promoter, created an encumbrance by pledging 4 lakh equity shares on December 24, raising concerns among investors and putting pressure on the stock in early trade.

Motilal Oswal Financial Services has shortlisted 10 long-term stock picks for 2026, including Bharti Airtel (target Rs. 2,365, upside 12%), SBI (Rs. 1,100, 14%), HCL Technologies (Rs. 2,150, 29%), Eternal (Rs. 410, 46%), TVS Motor (Rs. 4,159, 14%), Max Financial (Rs. 2,100, 26%), Biocon (Rs. 460, 16%), JK Cement (Rs. 7,000, 23%), Poonawalla Fincorp (Rs. 600, 27%), and Privi Speciality Chemicals (Rs. 3,960, 21%), backed by strong earnings growth and reasonable valuations.

Kotak Mahindra Bank will execute a 1:5 stock split, making each Rs. 5 share subdivided into five shares of Rs. 1 each, with January 14, 2026 as the record date. The move aims to enhance liquidity and affordability for investors. Shares traded slightly lower at Rs. 2,154 from the previous close of Rs. 2,158.

India’s industrial production surged to a 25-month high of 6.7% in November, up from 0.5% in October, led by manufacturing growth of 8%, its strongest in over two years. Meanwhile, oil prices eased slightly, with Brent crude down 0.3% to $61.73/barrel and WTI falling 0.3% to $57.88, amid concerns over Russia–Ukraine tensions.

Blackstone-promoted Horizon Industrial Parks filed draft papers with SEBI to raise up to Rs. 2,600 crore via IPO, including a potential Rs. 520 crore pre-IPO placement to reduce debt. Meanwhile, RBI injected Rs. 50,000 crore into the banking system through OMO purchases, buying Rs. 10,320 crore of 6.79% GS 2029, Rs. 13,733 crore of 7.61% GS 2030, and other government securities.

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.