The Indian stock market began the first full week of the year with a slight dip. On Jan 5, 2026, the main market indices opened low as investors reacted to global news and geopolitical tensions. Despite this slow start for the overall market, shares of Asian Paints and Axis Bank showed strength by gaining value in early morning trades.
- Market Opens Low Despite Select Stock Gains
- Rupee Opens Flat Against the Dollar
- Crude Oil Trades Sideways Amid Venezuela Unrest
- Nifty 50 Top Gainers Show Selective Strength
- Bank Nifty Supported by PSU and Private Banks
- Bank Nifty Gainers as of 9:30 AM IST
- Corporate Earnings and Updates
- Regulatory Changes and Fund Moves
- IPO Watch: A Busy Week Ahead
- Strategic Partnerships
Market Opens Low Despite Select Stock Gains
Indian equity benchmarks started the session in the red. The Nifty 50 was trading at 26,267.55, down 61.00 points or 0.23 percent, as of 9:36 AM IST on Jan 5, 2026. The BSE Sensex was at 85,534.96, declining 227.05 points or 0.26 percent, as of 9:34 AM IST.
Despite the decline in headline indices, buying interest was visible in select heavyweight stocks. Asian Paints and Axis Bank moved higher in early trade, helping limit deeper losses on the Nifty 50. This trend highlighted a stock specific approach by investors amid uncertain global cues.
(Source: NSE, BSE)
Rupee Opens Flat Against the Dollar
In the currency market, the Indian rupee opened flat at ₹90.19 per US dollar, unchanged from Friday’s close. The stable opening reflected a balance between global risk aversion and steady capital flows. Market participants remained cautious, keeping a close watch on global developments and crude oil price movements.
(Source: Moneycontrol)
Crude Oil Trades Sideways Amid Venezuela Unrest
Crude oil prices traded in a narrow range on Monday, even as political turmoil in Venezuela drew global attention. Investors assessed whether supply disruptions could emerge after US President Donald Trump seized Venezuelan President Nicolas Maduro. However, concerns were tempered by a well supplied global oil market.
- Brent crude futures rose 17 cents to $60.92 per barrel
- US West Texas Intermediate crude gained 11 cents to $57.43 per barrel
These prices were recorded as of 8:18 AM IST. Stable oil prices offered some comfort to emerging markets, including India, by easing inflation related concerns.
(Source: Moneycontrol)
Nifty 50 Top Gainers Show Selective Strength
Even as the Nifty slipped, select stocks posted solid gains in early trade. Defence, metals, FMCG, and banking stocks featured among the top performers.
| Stock Name | Open (₹) | High (₹) | LTP (₹) | % Change |
|---|---|---|---|---|
| Bharat Electronics (BEL) | 402.85 | 410.20 | 410.00 | 1.70% |
| Tata Steel | 182.88 | 186.34 | 185.09 | 1.21% |
| Asian Paints | 2,770.00 | 2,806.00 | 2,805.90 | 1.20% |
| Axis Bank | 1,274.20 | 1,285.90 | 1,282.10 | 1.20% |
| Grasim Industries | 2,871.00 | 2,889.20 | 2,881.90 | 0.89% |
(Source: NSE as of 9.33 AM IST)
Asian Paints and Axis Bank gained in early trade, with Asian Paints benefiting from sustained interest in consumption focused stocks, while Axis Bank advanced on strength across select banking names.
Bank Nifty Supported by PSU and Private Banks
The Bank Nifty index found support from both public and private sector banks in early trade. Axis Bank featured among the gainers, reinforcing its positive momentum across both benchmark indices.
Bank Nifty Gainers as of 9:30 AM IST
| Bank Name | Open (₹) | High (₹) | LTP (₹) | % Change |
|---|---|---|---|---|
| AU Small Finance Bank | 1,023.00 | 1,026.80 | 1,018.25 | 1.89% |
| Axis Bank | 1,274.20 | 1,285.90 | 1,283.70 | 1.33% |
| Union Bank of India | 158.00 | 161.37 | 158.74 | 1.30% |
| Punjab National Bank | 126.00 | 128.24 | 126.64 | 1.03% |
| ICICI Bank | 1,354.20 | 1,369.60 | 1,364.80 | 0.69% |
(Source: NSE)
Corporate Earnings and Updates
Several companies are scheduled to report their quarterly earnings today, including KSH International, Axita Cotton, and CDG Petchem. Early Q3 business updates have already started trickling in:
- Avenue Supermarts: Reported a 13.15 percent jump in standalone revenue to ₹17,612.6 crore. The store count reached 442 as of December 2025.
- Poonawalla Fincorp: Assets Under Management (AUM) surged 77.5 percent Year-on-Year to approximately ₹55,000 crore.
- HDFC Bank: Gross advances grew 11.9 percent Year-on-Year to ₹28.44 lakh crore.
- Punjab National Bank (PNB): Global business climbed to ₹28.92 lakh crore, with global advances up 10.98 percent.
- Bank of Baroda: Domestic deposits saw an 11.13 percent increase, reaching ₹13.07 lakh crore.
- Corona Remedies: Reported a Q2 consolidated profit rise of 21.8 percent to ₹52.3 crore.
(Source: Moneycontrol, Business Standard)
Regulatory Changes and Fund Moves
Significant shifts are occurring in the regulatory landscape. Effective Jan 3, 2026, SEBI has implemented a stricter framework for merchant bankers. Category I entities must now aim for a net worth of ₹50 crore by early 2028 to ensure financial resilience.
In the fund space, Generational Capital Breakout Fund 1 acquired 34,800 shares of KV Toys India at ₹336.85 per share. Additionally, Meru Investment Fund (via Holani Venture Capital) purchased 2.5 lakh shares in Shyam Dhani Industries at ₹119.8 per share.
(Source: BusinessLine)
IPO Watch: A Busy Week Ahead
The primary market is buzzing with activity starting from Jan 5, 2026.
- BCCL IPO: Bharat Coking Coal Limited, a subsidiary of Coal India, launches its ₹1,071 crore IPO on January 9. This pure offer for sale involves 46.57 crore shares priced between ₹21 and ₹23.
- SME Segment: Four issues are slated for this week. Gabion Technologies opens on January 6 to raise ₹29.16 crore. Victory Electric Vehicles and Yajur Fibres follow on January 7. Defrail Technologies will open its issue on January 9.
- New Listings: Modern Diagnostic & Research Centre is set to debut on the BSE SME on January 7 after being subscribed over 350 times.
- Fresh Filings: G Surgiwear has filed draft papers with SEBI for a ₹740 crore IPO, consisting of a ₹370 crore fresh issue.
(Source: Moneycontrol)
Strategic Partnerships
The International Finance Corporation (IFC) has partnered with HDFC AMC. The IFC will invest in HDFC’s Structured Credit Fund-I to enhance private credit access within the Indian corporate sector.
(Source: ET Reality)
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