Day

January 7, 2026
Ashok Leyland shares are trading near record highs. The commercial vehicle maker saw strong sales growth in the December quarter. The company anticipates a better second half of FY26. This is due to lower taxes and increased infrastructure activity. Ashok Leyland is expanding its production capacity to meet rising demand.
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Nifty declined for a second straight session, dragged by energy stocks and Reliance Industries. Analysts see near-term consolidation, with support near 26,000 and upside potential emerging only if the index decisively crosses 26,300.
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US Federal Reserve Governor Stephen Miran said Tuesday he saw the need for a significant drop in interest rates in 2026, advocating for a larger decline than the central bank has so far signaled.
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Indian equities closed lower as Sensex and Nifty retreated from record-adjacent levels, dragged by Reliance Industries and HDFC Bank amid profit booking. Analysts expect a range-bound market, with global uncertainties and Q3 earnings guiding near-term direction and sectoral rotation risks.
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Titan Company’s consumer businesses surged 40% year-on-year in Q3FY26, with international and domestic segments growing 79% and 38% respectively. The company expanded its retail network by 56 stores, reaching 3,433. Jewellery sales jumped 41% driven by price increases, while watches and eyecare also saw significant growth.
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