Page 112 - Markets News
Indices end first trading session of 2026 on muted note amid ITC selloff
Indian equity benchmarks closed largely flat in the first trading session of 2026, as gains in Larsen & Toubro and M&M offset sharp losses in ITC after a new tobacco tax announcement
 "Indices end first trading session of 2026 on muted note amid ITC selloff")
Mutual fund AUM growth likely to stay above 20%, 3rd year in a row
Rise in debt, commodity ETF inflows offset lower lumpsum inflows into equity schemes
 "Mutual fund AUM growth likely to stay above 20%, 3rd year in a row")
Additional funding and relief key for Vodafone Idea to meet liabilities
On Wednesday, Vi's stock price had slipped 11 per cent, after hitting a 52-week high of ₹12.80 on December 31, 2025
 "Additional funding and relief key for Vodafone Idea to meet liabilities")
Value over volume to drive jewellery growth in H2 amid higher gold prices
December quarter results for the sector are expected to be in similar lines to the September (Q2) quarter
 "Value over volume to drive jewellery growth in H2 amid higher gold prices")
Tobacco stocks tank as new taxes to come into effect from February 1
Shares of cigarette makers fell sharply after the Centre announced higher GST and excise duties on tobacco products from February, raising concerns over price hikes, volumes and margins
 "Tobacco stocks tank as new taxes to come into effect from February 1")
Sebi bars 26 individuals, imposes ₹1.85 cr penalty in SME stock case
In a 142-page order, the market regulator has also directed disgorgement of over Rs 98.78 lakh identified as illegal gains and imposed a penalty of Rs 1.85 crore on the individuals
 "Sebi bars 26 individuals, imposes ₹1.85 cr penalty in SME stock case")
Elara Capital upgrades Chalet Hotels to 'Buy'; stock rises over 3%
Chalet Hotels is one of the preferred picks of Elara Capital in the hotel and hospitality space.
 "Elara Capital upgrades Chalet Hotels to 'Buy'; stock rises over 3%")
Stock Market Close: Sensex ends flat on 1st trading session of CY26, Nifty at 26,147
Sensex Today | Stock Market Close, January 1, 2026: In the broader market, the Nifty Midcap 100 was up 0.44 per cent, while the NSE Smallcap 100 was 0.05 per cent down
 "Stock Market Close: Sensex ends flat on 1st trading session of CY26, Nifty at 26,147")
L&T, Hindalco, Titan, BPCL, TVS Motor from BSE 100 index hit record highs
Geojit Investments has a positive outlook on the overall market driven, mainly, by expectations of easing geopolitical risks and moderating tariff differences in 2026
 "L&T, Hindalco, Titan, BPCL, TVS Motor from BSE 100 index hit record highs")
E to E Transportation IPO booked 526x; here's what GMP hints for D-St debut
E to E Transportation IPO witnessed an overwhelming response from investors, getting oversubscribed by 526.26 times overall
 "E to E Transportation IPO booked 526x; here's what GMP hints for D-St debut")
MCX gets target price hike from ICICI Securities on strong volume momentum
ICICI Securities maintained its 'Add' rating on MCX and upped the target to ₹12,500 from ₹10,000 earlier, an upside potential of 12 per cent from Wednesday's close
 "MCX gets target price hike from ICICI Securities on strong volume momentum")
Shriram Finance, IIFL, L&T Finance hit new highs; rally upto 19% in 1 month
Crisil Ratings expects the MUFG Bank transaction to benefit the Shriram Finance's liability franchise through lower incremental cost of borrowings and should aid in improving its profitability.
 "Shriram Finance, IIFL, L&T Finance hit new highs; rally upto 19% in 1 month")
HDFC Securities trims Oil India target to ₹495; maintains 'Buy': Here's why
HDFC Securities maintained its 'Buy' rating on Oil India, supported by expectations of 9 per cent CAGR in gas production and 4 per cent CAGR in oil production over FY25-27E
 "HDFC Securities trims Oil India target to ₹495; maintains 'Buy': Here's why")
Geojit turns bullish on Apollo Tyres, upgrades to 'Accumulate'; check why
Looking ahead, Geojit expects operating performance to continue improving, supported by demand recovery and ongoing cost optimisation efforts
 "Geojit turns bullish on Apollo Tyres, upgrades to 'Accumulate'; check why")
Karur Vysya Bank shares hit record high, jump 4% after Q3 update
Karur Vysya Bank shares rose after it reported a healthy growth in its business metrics for the quarter ended December 2025
 "Karur Vysya Bank shares hit record high, jump 4% after Q3 update")
M&M, Ashok Leyland: Auto index hits new high as OEMs report Dec 2025 sales
Ashok Leyland and TVS Motor Company hit their respective all-time highs, while, M&M was close to its record high level
 "M&M, Ashok Leyland: Auto index hits new high as OEMs report Dec 2025 sales")
United Spirits shares slip 4% after senior management exit; details here
United Spirits shares fell after it announced the resignation of Diwaker Vij, vice president - commercial finance, effective December 31, 2025
 "United Spirits shares slip 4% after senior management exit; details here")
ITC down 10%, Godfrey Phillips 19% as addl excise duty effective from Feb 1
ITC, Godfrey Phillips and VST Industries fell up to 10 per cent, after Centre notified February 1 as the date from which additional excise duty will be levied on tobacco
 "ITC down 10%, Godfrey Phillips 19% as addl excise duty effective from Feb 1")
Blue Dart Express share price surges 9% on price hike, GST demand relief
The Office of the Commissioner of GST and Central Excise, Chennai reduced the tax demand to ₹64.98 lakh for Blue Dart Aviation Limited from ₹420.79 crore
 "Blue Dart Express share price surges 9% on price hike, GST demand relief")
HDFC Securities bearish on Nykaa, sees limited core BPC operating gains
The brokerage has maintained its 'Sell' rating on FSN E-Commerce Ventures (Nykaa) with a target price of ₹200 per share. Fashion remains a "work in progress", it said
 "HDFC Securities bearish on Nykaa, sees limited core BPC operating gains")