Market View 06th January, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets showed a mixed but mostly positive mood. US and European stock futures were slightly lower, suggesting a cautious start ahead. Asian markets opened higher, continuing the strong global trend, as investors largely ignored geopolitical worries. Gains were led by Japan, supported by strong buying interest. However, markets in South Korea and Australia saw mild weakness. Chinese markets were expected to open stronger, tracking positive cues from Wall Street. US markets closed higher as investors focused on technology stocks. Large technology companies led the rally, helping lift broader indices. Energy and financial shares also supported the market, while the main industrial index touched a fresh record. Despite rising geopolitical tension linked to developments in Venezuela, investor sentiment remained firm. Oil and gold prices moved higher, reflecting some caution. In India, the benchmark index ended slightly lower after touching a new record during the session. Profit booking was seen toward the close after recent strong gains. Financial stocks showed healthy business momentum, but global concerns kept investors cautious. In the broader market, mid-sized stocks ended marginally lower, while small-sized stocks performed better and closed higher.

Q3FY26 Results for Today:
CROISSANCE, GMBREW, VIJIFIN.
Economic Calendar:

• USD: S&P Global Services PMI Data (Dec) on 06^th January 2026.
• IND: S&P Manufacturing and Services PMI Data (Dec) on 06^th January 2026.
• USD: Initial and Continuing Jobless Claim Data on 08^th January 2026.
• IND: Foreign Reserves (USD) Data on 09^th January 2026.

IPO Watch:

Company	Open	Close	Price (₹/-)	View
Bharat Coking Coal	9th Jan	13th Jan	21-23	Under Review

Brokerage Radar:
JEFFERIES ON INDUSIND BANK:

Target ₹1050 Recommendation Buy, Dec Pre-Qtr: Consolidation Continues, Understand that auto & SME segments are seeing some uptick, Expect improvement in FY27 as the new team takes charge under new CEO.

HSBC ON MARUTI:

Target ₹18500 Earlier Target ₹17000 Recommendation Buy, Time to deliver profitability now, Market share for Maruti has normalised back to 40%, Overall demand outlook remains buoyant, With all stars aligned, Q3 and Q4 margins are critical for the stock.

CLSA INDIA STRATEGY:

Another year of muted returns; 2026 feels only a bit different, Reduced relative premium to peer markets should improve the acceptance of India as a portfolio hedge,Hedge against global risk from consolidation in the Al bull market or and unwinding of the yen carry trade, Argue extended absolute valuations may keep absolute returns muted, yet again in 2026, This year may also lack new policy news, but this depends on the benefits from the announcements made in 2025.

International Markets:

U.S & Europe:

Particulars	05th  Jan	Chg.	Chg.(%)
Nasdaq	23,395.82	160.19	0.69
Dow	48,977.18	594.79	1.23
FTSE	10,004.57	53.43	0.54
CAC	8,211.50	16.29	0.20
DAX	24,868.69	329.35	1.34
Dow Fut.*	49,069.70	92.52	0.19

*As per 06^th January.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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