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Informist, Friday, Jan. 2, 2026

 

By Simran Rede

 

MUMBAI – Market participants are cautious on the Nifty 50 for the coming sessions even as the index hit its lifetime high Friday, rising 0.7%. While the index is seen rising further next week, some analysts believe it may see some correction after recent gains.

 

The Nifty 50 started the year on a positive note by testing its record high level of 26340 points during the session. The index closed 0.7% higher at 26328.55 points, its record closing high. The 50-stock index is seen rallying till 26500 points in the near term. Analysts expect the 50-stock index to face resistance at 26500–26700 points and find support at 26250-26100 points in the near term. 

 

Strong monthly sales data by automobile companies and likely healthy quarterly business updates from fast-moving consumer goods companies are expected to underpin the rise in the market, according to analysts. "Investor sentiment remains broadly constructive as attention turns to Q3 (Oct-Dec) earnings, which are expected to guide near-term market direction," Vinod Nair, head of research at Geojit Investments, said in a note.

 

Global markets are also seen having bullish momentum Friday as all the European indices moved higher and the E-mini Dow Future contract for March was over 400 points higher than the Dow Jones Industrial Average's previous close. This will further support the overall sentiment in the domestic market, according to analysts.

 

"For the week ahead, investors will give attention to US payroll and unemployment data for global market direction," Nair said. "Overall sentiment is expected to stay constructive, though markets may move within a steady range as participants wait for clearer earnings-led triggers and clarity on the India-US trade deal," he added.

 

The maximum addition of open interest was at 27900 call strike and 26300 pout strike, while the highest concentration was at 27000 call contract and 26000 put option. The open interest of the January futures contract fell over 2% to 26478.30 points but was at a near-150-point premium to the Nifty 50 previous close. 

 

--Nifty 50 January closed at 26478.30, up 187.90 points; 149.75-point premium to the spot index
--Nifty 50 February closed at 26615.00, up 178.10 points; 286.45-point premium to the spot index

--Nifty 50 March closed at 26795.00, up 174.00 points; 466.45-point premium to the spot index

 

ITC, Coal India, ICICI Bank, HDFC Bank, State Bank of India, Vodafone Idea, Dixon Technologies (India), Bajaj Auto, Reliance Industries, Hero MotoCorp, REC, Multi Commodity Exchange of India, Bosch, Kotak Mahindra Bank, Power Finance Corp., Maruti Suzuki India, Bharat Heavy Electricals, and IndusInd Bank were the most actively traded underlying stocks Friday.  End

 

Edited by Deepshikha Bhardwaj

 

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