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Markets hover near neutral lines during late trade
Jan-01-2026

Indian equity markets hovered near the neutral lines with a positive bias during late trade supported by strength in IT, Telecom and Auto stocks. Further, investors remained optimistic as Reserve Bank of India (RBI) in its report said that the Indian economy is growing at a robust pace, fueled by strong domestic demand, low inflation, and the healthy balance sheets of banks. The domestic financial system remains robust and resilient, supported by strong balance sheets, favorable financial conditions, and low financial market volatility. However, gains remained capped as persistent selling by foreign institutional investors (FIIs) weighed on trading sentiments. The FIIs were the net sellers on Wednesday’s session offloading equities worth Rs 3,597.38 crore. Besides, market participants seek cues on much awaited India-US bilateral trade deal. On the global front, all Asian and European equity markets remained closed on account of New Year's Day. 

The BSE Sensex is currently trading at 85296.38, up by 75.78 points or 0.09% after trading in a range of 85118.82 and 85451.70. There were 23 stocks advancing against 7 stocks declining on the index.

The broader indices were trading in mixed; the BSE Mid cap index gained 0.14%, while Small cap index was down by 0.07%.

The top gaining sectoral indices on the BSE were Telecom up by 1.45%, Utilities up by 1.42%, Power up by 0.93%, TECK up by 0.90% and Auto up by 0.85%, while FMCG down by 2.74%, Healthcare down by 0.27%, Oil & Gas down by 0.18% and Capital Goods down by 0.02% were the few losing indices on BSE.

The top gainers on the Sensex were Eternal up by 2.46%, NTPC up by 1.81%, Larsen & Toubro up by 1.36%, Mahindra & Mahindra up by 1.32% and Infosys up by 1.14%. On the flip side, ITC down by 8.90%, Bajaj Finance down by 1.67%, Bharat Electronics down by 0.88%, Bajaj Finserv down by 0.31% and ICICI Bank down by 0.25% were the top losers.

Meanwhile, Ministry of Heavy Industries has said that under the production-linked incentive (PLI)-Auto Scheme, cumulative investment of Rs 35,657 crore and cumulative determined sales of Rs 32,879 crore has been achieved till September 2025. Further, employment of 48,974 number has been generated. Cumulative incentive of Rs 2,321.94 crore has been disbursed as on December 31, 2025. The scheme, which has a budgetary outlay of Rs 25,938 crore, covers a performance period of five years, from 2023-24 to 2027-28. 

The ministry said for the performance year 2024-25, a total incentive amount of Rs 1,999.94 crore has been disbursed for five approved applicants, including Tata Motors, Bajaj Auto, Mahindra & Mahindra, TVS Motor Co, and Ola Electric Tech so far. Under the scheme, incentives have been provided for 10,42,172 units of electric two-wheelers (e-2W), 2,38,385 units of electric three-wheelers (e-3W), 79,540 units of electric four-wheelers (e-4W), and 1,391 electric buses (e-buses). Also, 82 applications have been approved till November 30, 2025. 

It further said under the PLI Auto Scheme, FY24 was the first performance year, and an amount of Rs 322 crore was disbursed to 4 approved applicants in FY25. The PLI Auto scheme incentivises only those products that achieve domestic value addition (DVA) of minimum 50 per cent. As of date, 8 applicants under the champion OEM category have received Domestic Value Addition (DVA) certification for 94 variants, while 10 applicants under the component champion category have received DVA certification for 37 variants. PLI Auto applicants are committed towards realizing Prime Minister's vision for AtmaNirbhar Bharat. 

The CNX Nifty is currently trading at 26162.50, up by 32.90 points or 0.13% after trading in a range of 26113.40 and 26197.55. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Eternal up by 2.43%, NTPC up by 1.78%, Bajaj Auto up by 1.62%, Wipro up by 1.49% and Shriram Finance up by 1.39%. On the flip side, ITC down by 8.98%, Bajaj Finance down by 1.68%, Dr. Reddy's Laboratories down by 1.61%, ONGC down by 0.93% and Bharat Electronics down by 0.85% were the top losers.
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