Weekly market update, Jan 02, 2026

Indian equity markets closed the week on a positive note as expectations of a healthy Q3 results season underpin sentiment. Positive global cues and strong automobile sales numbers for December were the immediate factors that drove the market higher. On weekly basis, the BSE Sensex jumped 0.84%, and the NSE Nifty 50 climbed 1.10%. The 50-share Nifty hit its all-time peak of 26,340 on Friday. The broader market indices, BSE MidCap and BSE SmallCap gained 1.75% and 1.17%, respectively. On the BSE sectoral front, it was mixed. BSE Metal was the major gainer, up 5.60% followed by Autos, up 3.57% and Bankex, up 2.26%. Fast Moving Consumer Goods was the major loser, down 3.49%, followed by BSE IT, down 0.76%.

Looking ahead, Analysts expect that macroeconomic data announcements, global trends and trading activity of foreign investors would be major driving factors for market movement in the coming week. In India, investors will track the final readings of the HSBC Services PMI (Purchasing Managers’ Index) and Composite PMI. Globally, key US macro data and releases from China will be closely watched for signals on growth, demand, and inflation trends. Movement of rupee against the US dollar and Brent crude, the global oil benchmark, would also be tracked by investors in the coming week.

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