The Indian stock market started Tuesday with a slight dip as global cues influenced domestic sentiment. Investors observed a minor pullback in the primary indices, yet the morning session remained active with significant participation in specific sectors. While the benchmarks traded in the red, individual stocks like Shriram Finance and Hindalco rose against the tide to lead the market opening.
Morning Market Pulse: SENSEX and NIFTY Update
As of Dec 30, 9:40 AM IST, the BSE SENSEX was trading at 84,620.37, marking a decrease of 75.17 points (0.089%) for the day. Shortly after, at 9:41 AM IST, the NIFTY 50 followed a similar trajectory, trading at 25,918.65 with a decline of 23.45 points (0.090%).
Despite this soft start, the domestic currency provided a positive note. At 09:01 IST, the Indian Rupee opened marginally higher at ₹89.93 per dollar, gaining slightly against Monday’s close of ₹89.98.
(Source: NSE, Xe)
Top Nifty Gainers: Shriram Finance and Hindalco Lead
Early trade was dominated by stock-specific action. As of 9:36 AM IST, the following companies led the gains on the Nifty index:
| Stock Name | Open (₹) | LTP (₹) | % Change |
|---|---|---|---|
| SHRIRAMFIN | 960.95 | 970.65 | 1.59% |
| HINDALCO | 868.00 | 869.90 | 0.57% |
| BEL | 395.80 | 395.20 | 0.50% |
| TMPV | 358.60 | 360.30 | 0.47% |
| ADANIPORTS | 1,450.00 | 1,458.90 | 0.31% |
(Source: NSE)
Global Sentiment: Precious Metals and Asian Markets
Asian shares slipped on Tuesday morning, largely tracking a technology sector slump on Wall Street. In the commodities space, gold and silver appear to be consolidating. This follows a sharp pullback from record highs that removed some of the speculative froth from the market.
Silver managed to stay above the critical $71 per ounce mark after a brutal 9% plunge in the previous session. Meanwhile, gold hovered near $4,340 an ounce after shedding 4.4%. This correction was driven by technical factors rather than weakening fundamentals, as momentum reached overbought levels.
(Source: Yahoo Finance)
Corporate News and Strategic Deals
Several major companies made headlines this morning with significant business developments:
- Hindalco & Novelis: Novelis, a subsidiary of Hindalco, raised $750 million through a share subscription with AV Minerals. The deal involves the purchase of 5,000,000 common shares at $150 per share.
- Bharat Electronics: The company secured additional orders worth ₹569 crore since December 12 for various defence and security equipment.
- Lupin: A strategic agreement was signed with China based Gan & Lee Pharmaceuticals for Bofanglutide, a drug used for type 2 diabetes and weight management.
- Rail Vikas Nigam (RVNL): Emerged as the lowest bidder for a ₹201.23 crore project from East Coast Railway to set up a wagon workshop at Kantabanji.
- Indian Overseas Bank: The RBI has granted permission for the bank to set up an IFSC Banking Unit in GIFT City, Gujarat.
(Source: Moneycontrol)
IPO Pipeline and Market Listings
The primary market continues to show strength as SEBI issued observations for four companies to launch their Initial Public Offerings (IPOs) within the next year:
- Varmora Granito (Observation issued Dec 15)
- Shivalaya Construction (Observation issued Dec 24)
- Behari Lal Engineering (Observation issued Dec 24)
- Knack Packaging (Observation issued Dec 26)
On the listing front, Gujarat Kidney & Super Speciality debuted on the Mainboard today. The SME segment saw listings from Shyam Dhani Industries, Sundrex Oil Company, and Dachepalli Publishers.
(Source: Moneycontrol, Rediff Money)
Key Bulk Deals, Announcements and Leadership Changes
Activity in the bulk deal segment remained high:
- Entero Healthcare Solutions: Capital Group’s Smallcap World Fund sold shares worth ₹215.6 crore, while ICICI Prudential Mutual Fund acquired a 5.01% stake.
- Birlanu: Promoter Birla Chandrakant acquired a massive 38.83% stake for ₹444.3 crore.
- Mangalam Drugs: Ace investor Vijay Kedia picked up a 0.87% stake via Kedia Securities.
In leadership updates, Waaree Energies announced that CEO Amit Paithankar will resign in May 2026, with Jignesh Rathod named as the CEO Designate. Additionally, Kotak Mahindra Bank has fixed January 14 as the record date for its highly anticipated stock split.
(Source: Moneycontrol)
Sectoral Highlights
- Energy: NTPC Green Energy commenced operations for part of the Khavda-I Solar PV project, bringing its total group capacity to 8,010.28 MW.
- Infrastructure: Afcons Infrastructure achieved a tunnel breakthrough in Navi Mumbai and expects to finish the Hetawane Water Supply project six months early.
- FMCG: Cupid received approval to establish its first overseas manufacturing facility in Saudi Arabia to target the GCC region.
(Source: Moneycontrol)
The Bottomline
Overall, the early trade reflected a neutral but orderly market, with investors favouring stock-specific opportunities over aggressive index positioning. Gains in Shriram Finance and Hindalco, stable currency movement, and active corporate developments set the tone for a session likely to remain range-bound, barring fresh global triggers.
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