Mumbai, January 2, 2026 – Indian equities kicked off 2026 with gusto, as the Nifty surged 1.1% to 26,150 and Sensex climbed 1.0% to 85,800, propelled by upbeat U.S. jobs data, stabilizing oil prices, and bets on further RBI easing. In a bullish signal, more than 50 scrips notched fresh 52-week highs on January 1, spanning metals, autos, and SMEs, reflecting renewed FII inflows (₹2,500 Cr net buy) and festive carryover demand. This extends December's momentum, with mid-caps outperforming amid capex revival cues.
The rally underscores sector rotation into cyclicals, though stretched valuations (Nifty P/E at 23x) warrant caution. Standouts like Graphite India exploded on graphite export surges, while blue-chips like Reliance and Titan reaffirmed strength. Volumes swelled 20% above average, with no major upper circuits but healthy breadth (70% advancers).
Top 52-Week High Breakers (Sorted by Daily % Gain)
Snapshot of the leading 13 names that peaked on Jan 1, per BSE/NSE data:
| Rank | Symbol | Series | LTP (₹) | % Change | New 52W High (₹) | Prev. High (₹) |
|---|---|---|---|---|---|---|
| 1 | GRAPHITE | EQ | 653.30 | 233.66 | 663.30 | 651.80 |
| 2 | BPCL | EQ | 383.40 | 12.40 | 388.15 | 386.00 |
| 3 | ORIENTCER | EQ | 54.52 | 10.21 | 55.00 | 55.00 |
| 4 | CSBBANK | EQ | 487.00 | 6.08 | 488.80 | 488.80 |
| 5 | ANONDITA | ST | 1,032.90 | 6.62 | 1,037.45 | 975.00 |
| 6 | ENCOMPAS | SM | 251.00 | 5.86 | 260.00 | 247.00 |
| 7 | SHRINGARMS | EQ | 238.00 | 5.32 | 239.85 | 239.85 |
| 8 | SANSERA | EQ | 1,794.80 | 7.02 | 1,794.80 | 1,794.80 |
| 9 | EXIMROUTES | ST | 152.75 | 4.98 | 152.75 | 148.30 |
| 10 | SWANDEF | BE | 1,457.60 | 5.00 | 1,457.60 | 1,457.60 |
| 11 | LUMAXTECH | EQ | 1,618.20 | 4.77 | 1,650.00 | 1,650.00 |
| 12 | POCL | EQ | 1,515.10 | 4.20 | 1,554.20 | 1,554.20 |
| 13 | INDUSTOWER | EQ | 435.00 | 3.88 | 439.85 | 439.85 |
Key Spotlights:
- Graphite's Monster Leap: The electrode maker rocketed 234% intra-day to ₹663, a new peak, on China import curbs boosting domestic orders—up 150% YTD.
- BPCL's Oil Rally: State refiner hit ₹388 (+12%) amid Brent's $75 rebound and refining margin expansion to $8/bbl.
- Anondita's SME Fireworks: Post-IPO star soared 7% to ₹1,037, extending 569% debut gains on medtech export deals.
- Auto & Metal Momentum: Bajaj-Auto (₹9,585), Ashok Leyland (₹186), and Hindalco (₹896) rode EV subsidies and LME upticks.
Traders eye Q3 earnings kickoff next week for sustainment, with upside to 26,500 Nifty if yields ease. Momentum chasers pile in, but book partial profits on overbought RSI levels. Data from BSE/NSE; intra-day highs as of Jan 1 close.
