Nifty Metal Tumbles After Sharp Rally; Aditya Welekar says the dip could be a buying opportunity

The Nifty Metal Index fell sharply on Thursday as profit booking and rebalancing in global commodity markets triggered a correction after a strong rally, said Aditya Welekar, AVP, Axis Securities.According to Welekar, metal stocks had risen sharply in recent months, with valuations pricing in a near-perfect bull case scenario. “Any decline in underlying commodity prices […]

Indian stock market today, January 2, 2026: Banking, metal and auto stocks Nifty rises to record high, Sensex rises 573 points, Coal India, NTPC, Hindalco leading gainers, ITC drags

Benchmark indices rose on Friday amid a broad-based rally in banking, real estate, metals and auto stocks. The NSE Nifty 50 index hit an all-time high of 26,340 today before closing 182 points or 0.70 percent positive at 26,328.55. BSE Sensex ended 573.41 points or 0.67 percent higher at 85,762.01, after rising over 740 points […]

Nifty seen on the way to 25,300 as metals, midcap it lead: Axis Securities’ Rajesh Palviya

Indian shares can extend their upward momentum next week, with Nifty on its way to 25,300 and Bank Nifty probably 55,200 attempt, said Rajesh Palviya, Senior VP – Technical and Derivatives Research at Axis Securities. “Nifty succeeded in giving an outbreak of the falling trend line on the daily graph and to keep comfortable above […]