Indian equity markets began 2026 on a strong note, with the Nifty50 hitting a fresh record high and the Sensex jumping more than 550 points in Thursday’s session. The rally was powered by heavyweight contributors such as ICICI Bank and Reliance Industries, which together provided significant momentum to the indices. Investor sentiment was buoyed by robust domestic cues, strong institutional inflows, and optimism around corporate earnings in the upcoming quarter. Key Drivers of the Rally
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The Indian equity markets opened the new year on a cautious note, with the Sensex settling flat in the first trading session of 2026. The Nifty 50 managed to stay above the 26,100 mark, supported by selective buying in power and infrastructure stocks. Despite global cues remaining mixed, domestic investors showed resilience, balancing profit-booking with fresh positions in defensive sectors. Key Movers NTPC: Shares of NTPC advanced nearly 2%, driven by optimism around renewable energy
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Indian tobacco stocks witnessed a sharp decline after the government announced a new tax on cigarettes, aimed at curbing consumption and boosting revenue. Shares of leading tobacco companies fell significantly in early trading, with investors expressing concern over the impact on margins and profitability. The move comes as part of the government’s broader public health strategy, while also serving as a fiscal measure to increase collections. The tax hike is expected to raise cigarette prices
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In a historic development, India has officially overtaken Japan to become the world’s fourth largest economy, according to government data released at the close of 2025. This milestone reflects India’s sustained growth trajectory, driven by robust domestic demand, expanding industrial output, and a thriving services sector. India’s nominal GDP has now crossed Japan’s, positioning the country just behind the United States, China, and Germany. This achievement underscores India’s transformation into a global economic powerhouse, with
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In a significant move to stabilize India’s telecom sector, the Union Cabinet has approved a five-year moratorium on Vodafone Idea’s adjusted gross revenue (AGR) dues amounting to ₹87,695 crore. This decision provides immediate relief to the financially stressed operator, which has been struggling under the weight of massive liabilities. The moratorium effectively freezes the dues, allowing Vodafone Idea to defer payments originally scheduled for March 2026. Instead, the company will now repay these obligations in
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