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Informist, Wednesday, Jan. 7, 2026

 

By Arundathi A R

 

MUMBAI – The headline equity indices ended lower for the third session in a row after moving in a thin range Wednesday. The Nifty 50 was weighed down by the fall in index heavyweight HDFC Bank. Financial services and automobile stocks were also major drags on the index. Pharmaceutical company Cipla was the worst hit in the 50-stock index, while Titan Co. was the top gainer.

 

The Nifty 50 settled at 26140.75 points, down 37.95 points or 0.1%. It is now more than 230 points down from the all-time high of 26373.20 points hit Monday. The BSE Sensex closed at 84961.14 points, down 102.20 points or 0.1%, nearly 1200 points away from its record high of 86159.02 points touched Dec. 1.

 

Cipla closed over 4% lower following media reports that the US Food and Drug Administration had released details of its observations on Pharmathen International, with which Cipla has a partnership to commercialise Lanreotide in the US. According to a CNBC-TV18 report, the US FDA's observations point to multiple compliance gaps at Pharmathen's facilities, which include Pharmathen not taking enough precautions to prevent contamination and the company having a weak control system to ensure sterile conditions. The regulator issued Form 483 with nine observations, flagging concerns of contamination and weak control systems.

 

Following this, an analyst at a domestic broking firm said he sees Cipla's earnings before interest, tax, depreciation, and amortisation for the financial year 2025-26 (Apr-Mar) taking a 5% hit if the company faces supply disruptions for Lanreotide. The analyst said the latest observations issued by the US drug regulator do not translate into immediate supply disruptions for Cipla, but might lead to tougher action on its Greek contract manufacturing organisation partner, which in turn could result in supply jitters in the near term.

 

Tata Motors Passenger Vehicles ended the session 1.5% lower. The stock closed in the red for the second session after the company said the wholesale and retail volumes of its UK-based subsidiary Jaguar Land Rover fell on a quarterly and annual basis in the December quarter.

 

The wholesale sales of JLR in the reporting quarter, excluding the Chery Jaguar Land Rover China JV, was at 59,200 units, down 43.3% on year and 10.6% on quarter. JLR's retail sales fell 25.1% on year and 6.7% on quarter to 79,600 units during the same period.

 

Indian Hotels Co. ended 1.5% lower after hitting an over-one-month low of INR 703.30 during the session. Brokerage Morgan Stanley downgraded the stock to "equalweight" from "overweight". It has cut the target price by 4% to INR 780, according to a Moneycontrol report. The brokerage has cut the estimate for the company's earnings per share from FY26 through FY28 by 2–3%, largely on account of slightly lower estimates for revenue per available room, according to the report.

 

Shares of Titan Co. ended 4% higher. The stock hit an all-time high at INR 4,312.10 after the company said its jewellery business registered volume growth of 41% in the December quarter and domestic sales rose 38% on year. The surge in the jewellery business was significantly ahead of the estimate of 25–30% year-on-year growth by brokerages.

 

Kalyan Jewellers India also ended over 4% higher after hitting an over-four-month high of INR 535 during the session. The company released its Oct-Dec business update, according to which its consolidated revenue for the December quarter rose 42% on year.

 

Shares of Senco Gold rose to end nearly 12% higher after the company's sales and revenue grew 51% on year for the December quarter as compared to 6.5% growth in the September quarter and 28% growth in the June quarter. The company expects to achieve over 25% growth in FY26, also higher than brokerage expectations.

 

Devyani International ended marginally higher. According to a report by NDTV Profit, brokerages Goldman Sachs and Macquarie believe the proposed merger between the company and Sapphire Foods will improve operating control and provide meaningful cost synergies. Macquarie expects synergy benefits of INR 2.10 billion-INR 2.25 billion, of which around 60% is likely to be realised in the first year of the merger.

 

Among sectoral indices, the Nifty Auto was the worst hit, down nearly 1%. It snapped a six-day rise during which it gained almost 5%. The Nifty IT was the top gainer, up almost 2%. The broader markets outperformed the headline indices, with all the mid-cap and small-cap indices ending in positive territory. 

 

* Of the Nifty 50 stocks, 21 rose and 29 fell

* Of the Sensex stocks, 12 rose and 18 fell

* On the NSE, 1,578 stocks rose, 1,550 fell, and 118 were unchanged

* On the BSE, 2,104 stocks rose, 2,066 fell, and 178 were unchanged

* Nifty Auto: down 0.8%; Nifty Oil and Gas: down 0.7%; Nifty IT: up 2%

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BSE                                              NSE

Sensex: 84961.14, down 102.20 points or 0.1%     Nifty 50: 26140.75, down 37.95 points or 0.1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 85188.60 (Jan. 1)	: 2026 Closing Low: 26146.55 (Jan. 1)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 85068.88 (Jan. 2)	: 2026 Low (intraday): 26113.40 (Jan. 1)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 89.88

 

Edited by Rajeev Pai

 

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