The market continued its upward momentum for a second straight week, with the Nifty scaling a new record high, while the rupee weakened.

Domestic Institutional Investors (DIIs) remained supportive, purchasing equities worth ₹17,766.57 crore. Indian equity benchmarks wrapped up the first week of 2026 on a landmark note, as the Nifty 50 touched a fresh all-time intraday peak of 26,340 during the Friday, January 2 trading session. The market posted gains for the second consecutive week, driven by robust automobile sales data and optimism surrounding an improved earnings outlook, brushing aside geopolitical concerns and ongoing selling pressure from Foreign Institutional Investors (FIIs). The BSE Large-cap Index advanced 1.3 percent, led by gains in IDBI Bank, Bosch, Indian Overseas Bank, Jindal Steel, NTPC, and Tata Steel. Meanwhile, stocks such as ITC, Waaree Energies, Indian Railway Finance Corporation, Berger Paints India, and United Spirits declined in the range of 3 to 13 percent. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.