Stock market rally: While Sensex is up nearly 9%, Nifty has risen 10% on a year-to-date basis.
Shyam Metalics has reached the fag end of its Rs 9,500 crore capex. The company is now targeting to increase revenue and EBITDA by 2.5 times in the next five years.
On Wednesday, Sensex and Nifty saw sustained selling pressure. At close, the Sensex settled 116.14 points, or 0.14% lower at 85,524.84, while the Nifty declined 35.05 points or 0.13% to close at 26,142.10.
On Wednesday, shares of Jio Financial Services ended marginally higher, rising 0.05% to close at Rs 298.85 on the BSE, compared with its previous close of Rs 298.70.
Shriram Finance stock hit a record high of Rs 983.35 today. Later, the stock ended 1.63% higher at Rs 973.60 in the current session.
Five stocks, namely Reliance Industries (RIL), ICICI Bank, Sun Pharma, IndiGo, and Hindustan Unilever, contributed heavily to the Sensex’s decline.
The company has received further extension up to March 31, 2026.
Looking ahead to 2026, speaking to Business Today, Tapse identified five key sectors—banking, capital markets, real estate, new-age businesses, and manufacturing—and lists 12 stocks that could deliver returns in 2026.
Castrol India stock rose 8.92% to Rs 202.50 in afternoon trade. Market cap of the firm stood at Rs 18,936 crore.
ICICI Securities' Q3FY26 preview for the top four Indian IT companies—TCS, Infosys, HCL Technologies, and Wipro—indicates modest quarter-on-quarter constant currency (CC) revenue growth.
The defence stock has lost 45.43% in a year and fallen 44% in 2025.
Axis Securities highlighted that the unified structure will optimise the network and branding, potentially leading to a margin improvement of at least Rs 100 per metric tonne.
Gujarat Kidney & Super Speciality is selling its shares in the price band of Rs 108-114, applied for a minimum of 128 shares and its multiples to raise a total of Rs 250.80 crore between December 22-24.
However, looking ahead, HSBC MF expects a return of FII investors into India, catalysed by two main factors: better earnings growth visibility in FY27 and hopes of a potential trade deal with the US, it said.
MOFSL's largecap picks include InterGlobe Aviation (IndiGo) Bharti Airtel, ICICI Bank, State Bank of India (SBI), Infosys, Larsen & Toubro (L&T), Mahindra & Mahindra (M&M) and Eternal.
On the domestic front, data from the Multi Commodity Exchange (MCX) showed that copper futures for December delivery advanced 1.39 per cent to hit a record high of Rs 1,155.70 per kilogram.
Waaree Energies share price: Waaree Energies stock was trading on a flat note at Rs 3100 against the previous close of Rs 3095. The market cap of the firm stood fell to Rs 89,180 crore .
On Wednesday, the stock rose 8.92 per cent to hit a high of Rs 397.30 apiece. Promoter group owned 49.73 per cent stake in the company.
Indian upstream stocks were among the cheapest globally. On FY28 estimated EV/Ebitda, ONGC and Oil India traded at 2.6 times and 2.9 times, respectively, compared with a global average of 4.2 times.
Domestic brokerage firm Nuvama Institutional Equities has initiated coverage on Knowledge Marine & Engineering Works, a leading smallcap dredging player.
Shares of Infosys, TCS, Wipro, HCLTech and others declined up to 1% amid high volatility in the broader market today.





