Markets are set for a positive start on January 06, 2026, buoyed by strong global gains and surging commodity prices, with GIFT Nifty signaling a gap-up opening.

Key Themes & Picks

• GIFT Nifty signals a gap-up opening, targeting 26,350–26,400 levels.

• Metals and energy stocks rally on near-record commodity prices.

• Banking sector in focus amid robust Q3 business updates.

• Key calls: Upgrades for Metropolis Healthcare and Havells India.

• Renewable energy push puts battery storage (BESS) in the spotlight.

Indian equity markets displayed volatility on January 05, 2026, with the Nifty 50 hitting a record high intraday before closing lower amid IT sector weakness and geopolitical concerns from US-Venezuela tensions. Key themes included cautious foreign investor sentiment, robust banking updates offsetting drags, and global energy surges impacting commodity costs.

Markets surged to record highs on January 02, 2026, driven by broad-based sectoral gains, a strong corporate earnings outlook, and positive global sentiment.

Key Themes & Picks

• Indices hit record highs on broad-based banking, metal, and auto gains.

• Corporate earnings optimism and domestic demand fuel the rally.

• FMCG lags, with ITC pressured by excise duty hike fears.

• Banking and metals sectors lead the bullish momentum.

• Regulatory risks emerge as a key sectoral differentiator.