Industry Trends

73% of Nifty50 stocks above 50-EMA: What this signal means for traders

Market breadth has turned positive, with 73% of Nifty 50 stocks trading above their 50 EMA. This indicates expanding participation in the ongoing rally. Technical indicators suggest a strong upward trend for Nifty and Bank Nifty. Analysts recommend a buy-on-dips strategy for Nifty as long as it holds above 26,000. Bank Nifty is expected to move towards 61,500.

Industry Trends

Why Deepak Shenoy remains cautious on tobacco, QSR valuations

Deepak Shenoy of Capitalmind MF outlines investment strategies amidst market shifts, advocating for conglomerate demergers and diversification for tobacco firms. He notes QSR valuations are stretched but sees potential in electronics manufacturing and power distribution, with PSU banks expected to lead financials and autos benefiting from policy support.

Industry Trends

Birla Corporation bid for Gourum Khan Ki Dhani south limestone block rejected by Rajasthan

The company said that the Department of Mines and Petroleum, Government of Rajasthan, through an order dated December 31, 2025, has rejected the bid. The rejection was carried out in exercise of powers under Clause 14.11 of the Tender Document. On Friday (January 2), shares of Birla Corporation Ltd ended at ₹1,108.70, down by ₹1.40, or 0.13%, on the BSE.

Industry Trends

Bitcoin trades near $90K, Ethereum holds above $3,000 as crypto market consolidates

Bitcoin hovers near $90,000 and Ethereum above $3,000, indicating a market consolidation phase. Both cryptocurrencies saw gains in the past 24 hours and week, with major altcoins also experiencing significant upticks. Analysts suggest cautious optimism as liquidity improves, with Bitcoin showing mild upside and Ethereum demonstrating stronger momentum, potentially setting the stage for further growth.

Industry Trends

Triple policy boosters set stage for a stronger market year ahead: Ajay Bagga

Indian markets are set for a robust year. Experts foresee renewed economic momentum fueled by government support. Expect double-digit nominal GDP growth translating to strong earnings. Financials are expected to lead the rally, with autos and technology also showing promise. Government spending on infrastructure, railways, and defence will be key drivers.

Industry Trends

What Do Grok’s Enterprise Plans Actually Mean for Business Users?

xAI has launched Grok Enterprise and Business plans to position Grok as a workplace AI tool. The move signals monetisation rather than a major product shift. The post What Do Grok’s Enterprise Plans Actually Mean for Business Users? appeared first on MEDIANAMA .

Industry Trends

Bank holiday on Hazrat Ali: Where are banks closed on January 3? Check list

As 2026 begins, Indian banks will observe numerous national and state-specific holidays, impacting branch operations. Customers should consult the bank holiday calendar to avoid disruptions for in-branch transactions, though digital services remain accessible. Key closures include January 3rd for Hazrat Ali's birthday in Uttar Pradesh and January 26th for Republic Day nationwide.