News Details

Market Commentary - Mid-Session

Sensex, Nifty trade with minor cuts; private bank shares decline for 3rd day in row

07-Jan-26    10:32

The key equity benchmarks traded with minor losses in the in the morning trade as geopolitical tensions and tariff-related concerns tempered optimism over the earnings outlook, keeping the Sensex and Nifty just shy of record highs.

The Nifty traded below the 26,150 mark, while private bank shares extended losses for a third consecutive session.

At 10:28 ST, the barometer index, the S&P BSE Sensex, declined 160.13 points or 0.18% to 84,881.44. The Nifty 50 index fell 22.50 points or 0.09% to 26,156.20.

In the broader market, the S&P BSE Mid-Cap index added 0.30% and the S&P BSE Small-Cap index rose 0.04%.

The market breadth was positive. On the BSE, 1,946 shares rose and 1,673 shares fell. A total of 215 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index fell 0.35% to 28,780. The index declined 0.42% in the three consecutive trading session.

RBL Bank (down 1.95%), HDFC Bank (down 1.11%), Federal Bank (down 0.82%), IndusInd Bank (down 0.75%) and Kotak Mahindra Bank (down 0.7%), Bandhan Bank (down 0.66%), Axis Bank (down 0.51%) declined.

On the other hand, Yes Bank (up 1.05%), IDFC First Bank (up 0.94%) and ICICI Bank (up 0.13%) added.

Stocks in Spotlight:

Unimech Aerospace and Manufacturing rose 1.22% after the company announced that its wholly owned subsidiary, Innomech Aerospace Toolings, has secured an order worth Rs 72.20 crore from Nuclear Power Corporation of India (NPCIL).

Senco Gold surged 11.88% after the company reported a 51% revenue growth in Q3 FY26, driven by robust performances across its businesses. The retail business reported around 49% growth while SSSG growth stood at 39%.

Godrej Consumer Products shed 0.69%. The company said that its standalone business is well positioned to deliver double-digit revenue growth for the quarter, underpinned by close to double-digit underlying volume growth (UVG), albeit on a supportive comparator. Personal Care is expected to record mid-single-digit value growth, driven by a marked recovery in the soaps category.

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