Market Bizzz

Tata Steel reported its best-ever quarterly crude steel production and deliveries for Q3FY26, with production reaching 6.34 million tons, a 12% increase year-on-year and sequentially. Domestic deliveries also hit a record, crossing 6 million tons, driven by strong demand across key segments like Automotive and Branded Products.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

A-1 Ltd’s stock is in focus as January 8 marks the ex-date for its 1:10 stock split. Investors had until January 7 to buy shares for eligibility. The company aims to boost liquidity and affordability with this subdivision, following a strong year of returns.

Victory Electric Vehicles International’s SME IPO opens on January 7, with a 0% grey market premium indicating muted listing gain expectations. The Rs 35 crore fixed price issue offers 84.3 lakh shares at Rs 41, with subscriptions closing January 9. The company designs and manufactures electric two and three-wheelers, and small commercial EVs, with a dealer network across 12 states.

Gold prices saw a slight dip on Tuesday, retreating from recent highs as the dollar strengthened. Other precious metals also experienced minor pullbacks. Investors are closely watching upcoming U.S. economic data, particularly non-farm payrolls, for further clues on potential Federal Reserve interest rate cuts. Geopolitical tensions in Venezuela also played a role in market sentiment.

On January 2, six stocks from the Nifty 200 universe that rose over 5% appeared on the bullish White Marubozu scanner. The pattern indicates strong intraday buying interest, with prices moving from session lows to highs, signalling firm buyer control and raising the likelihood of continued upward momentum.

The Indian rupee faces continued pressure, potentially crossing 90 and increasing dollar demand from importers. Government bonds may decline due to higher-than-expected state debt supply. Traders are watching the Reserve Bank of India’s intervention strategy amidst concerns about its forward dollar positions.

Bharat Coking Coal Limited (BCCL) is set to launch its maiden IPO in 2026, offering up to 46.57 crore equity shares via an offer-for-sale by Coal India. The IPO, priced between Rs 21 and Rs 23, aims to raise Rs 1,071 crore and will list on BSE and NSE.

Bajaj Finance reported a strong December-ended quarter with new loans booked jumping 15% year-on-year to 1.39 crore. The company’s Assets Under Management (AUM) saw a significant 22% growth, reaching approximately Rs 4,85,900 crore. The customer franchise also expanded to 11.54 crore, indicating robust business expansion.

Improving macro indicators, stronger Q2 GDP growth, benign inflation and an end to corporate earnings downgrades underpin the positive view, he said, while identifying 10 fundamentally strong stocks offering potential upside of up to 36%.