Stock Market Highlights: Sensex Jumps 447 Points, Nifty Crosses 25,950; ICICI Pru AMC Gains 19% on Debut

On a high note, the Indian stock market closed up last Friday, as the major indices experienced a boost with the help of the positive international market and Indian local retail.

Key Index Movements:

The BSE Sensex climbed by 447.55 points(0.53%) and reached 84,929.36 at the end of the day.

Nifty 50 went up by 150.85 points (0.58%) and finished at 25,966.40.

BSE Midcap increased 1.26% and BSE Smallcap grew 1.25%, thus, they were the more preferred indices.

Market Drivers:

After the release of US CPI data, which was lower than anticipated, the global stocks rallied, and this raised the probability of the Fed being less aggressive in 2026. In the meantime, the Bank of Japan increased its interest rates by 25 basis points to a 30-year high, thus, affecting the global money flows. Indian markets rose because of local buying and reduced oil prices due to oversupply fears.

Technical Analysis:

The Nifty 50 opened up at 25,900 and then moved up and down in the 25,905-25,993 range throughout the trading hours. The significant support level of 25,900 proved to be quite strong, whereas the 26,000 level limited the upward trend. The RSI at about 52 suggests a revival of the buying momentum. A clear breakout over 26,000 may lead to the levels of 26,100–26,200, whereas a drop below 25,900 could trigger testing at 25,800.

Top Gainers and Losers:

Sensex Gainers: BEL, TMPV, Power Grid, Reliance Industries, Asian Paints, Bajaj Finserv, L&T

Sensex Losers: HCLTech, Kotak Bank, ICICI Bank, Sun Pharma

Notable Movers:

Lenskart Solutions surged 10% to ₹448.90 on record volumes of 8.64 million shares across NSE and BSE.

NBCC India rose 4% after securing a ₹179.37 crore contract from IIM Sambalpur.

Gujarat Ambuja Exports gained 5% post commissioning of its maize fermentation plant.

Ather Energy climbed 4.6% after board approval to enter insurance services via a wholly-owned subsidiary. The stock traded around ₹687.45, with a 52-week high of ₹790 and low of ₹287.3, and a market cap of ₹26,219.85 crore.

IPOs and Corporate Updates:

ICICI Prudential AMC debuted with a 19% gain.

Travelstack Tech, backed by Goldman Sachs and Anupam Mittal, filed a ₹250-crore IPO DRHP with SEBI, including a mix of fresh issue and Offer for Sale (OFS). Selling shareholders include Accel India IV, Panthera Growth Fund II, Qualcomm Asia Pacific, and others.

Securities Appellate Tribunal (SAT) will hear Avadhut Sathe Trading Academy (ASTA) appeal against SEBI’s interim order on January 9, 2026, involving impounding of ₹546 crore.

Cryptocurrency Market:

The crypto markets did not experience much variation, with Bitcoin still priced over $87,000. This situation mirrored investors' caution, which was caused by the recent Bank of Japan rate increase and also by the ongoing adjustments in global liquidity.

Upcoming Corporate Actions:

Shares of Canara Robeco AMC, Nuvama Wealth Management, Nectar Lifesciences, Knowledge Marine & Engineering Works, Pulsar International, Vineet Laboratories, Prakash Pipes, and Yug Decor will be in focus next week due to dividends, stock splits, rights issues, and share buybacks.

Market Outlook:

The market's bullish trend was reinforced by the favorable global conditions and strong local buying, but on the downside, the upcoming macroeconomic data, uncertainties about trade agreements, and derivatives positions might still trigger short-term volatility in the market.