FRIDAY 

09-JAN-2026

 

Nifty index closed bearish-Continued LH-LL structure-Index below 20 EMA-RSI around 45-POI:  26055

FLAT to NEGATIVE

Today’s Market Prediction:

• Gift Nifty Indicating about Nifty probability opening: would open POSITIVE
• Technically, Nifty is in the Bullish zone- BankNifty is in the Bullsh zone
• Nifty index formed a long bearish candle on the daily charts
• India VIX up by 6.53 percent to 10.60 levels.
• Ugro Capital:The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.
• NHPC:The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.
• Bharat Electronics:The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

Stocks in NEWS:-

• Bajaj Finserv:Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings & Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

• Bharat Forge:Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.

• Waaree Renewable Technologies:The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

• Andhra Cements:Promoter Sagar Cements will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. 

• Prestige Estates Projects:Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations & Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.

• Rail Vikas Nigam:The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.

• Devyani International:The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.

• Morepen Laboratories:The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST & Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

• Bharat Heavy Electricals:BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.

• Power Grid Corporation of India:The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis.

• Highway Infrastructure:The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.

• Reliance Industries:A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

• Kross:NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.

Market Indication:-

Global:FLAT to NEGATIVE

NIFTY:FLAT to NEGATIVE

BANKNIFTY:FLAT to NEGATIVE

PCR: The Nifty Put-Call ratio (PCR), which indicates the mood of the market, dropped further to 0.66 on January 8, compared to 0.89 in the previous session.

BULK Deals:Kross,Maruti Interior Products Etc.

Stocks In F&O Ban Period: SAIL,Sammaan Capital

Results Today:Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits

GIFT NIFTY:  (Positive) 

26004      +34.50     +0.13

FII-DII: DIIs net buy shares worth Rs 3701 crore, FIIs net sell Rs 3367 crore.

NIFTY (25877) The support for the Nifty is: 25850-25785-25680 and the Resistance to the up move is at: 26060-26125-26230 levels.

BANKNIFTY (59687): The support for BankNifty is: 59580-59450-59240 and the Resistance to the up move is at 60000-60125-60335 levels.

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