Stock Market LIVE Today: Sensex slips 345 pts to 84,695; Nifty down 100 pts at 25,942

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