Cupid Ltd. Hits 20% Lower Circuit; Nifty Scales Fresh All-Time High at 26,340 – Paper by Pocketful
Happy New Year! Wishing you a prosperous and successful 2026.
📈 Top Gainers & Losers (Nifty 50)
🗞 Stock News Highlights
Olectra Greentech Ltd (+3.95%): Shares jumped after commercial operations commenced at its Hyderabad electric vehicle manufacturing facility, marking the second straight session of gains.
Punjab & Sind Bank (+5.08%): Stock gained after Q3 YoY update showed total business rising 11.84%, deposits up 9.27%, and gross advances jumping 15.25%.
RailTel Corporation of India (+1.40%): Stock rose as the company secured a ₹56.71 crore HMIS order from Assam Health Infrastructure Development & Management Society.
Cupid Ltd (- 20%): Shares hit lower circuit after NSE placed the stock under Long-term ASM Stage 1, imposing 100% margin amid concerns over sharp volatility following a 550% one-year rally.
🏢 Sectoral Performance
PSE | Nifty PSE (+2.29%): Index moved higher on broad-based buying in public sector stocks, led by NTPC, Coal India and Bharat Electronics, as value buying and policy optimism supported PSU counters.
Realty | Nifty Realty (+1.52%): Index moved higher on strong sector sentiment, led by 9 gainers with just 1 dragger, as buying interest remained broad-based amid rate-cut optimism and improving demand outlook.
PSU Banks | Nifty PSU Bank (+1.50%): Index recorded its best weekly performance in three months, with all 12 stocks closing higher, led by strong gains in State Bank of India, Indian Bank and Indian Overseas Bank, delivering double-digit returns.
FMCG | Nifty FMCG (-1.19%): Index continued to slide as selling pressure persisted in FMCG stocks, led by weakness in tobacco and consumption majors ITC Limited, Radico Khaitan and Nestlé India, keeping the sector under pressure.
🔍 Market Insights
Technical Level: Nifty opened marginally higher and built early support near 26,125, then staged a steady upward rally through the session to close near resistance at 26,340, marking a fresh all-time high and signalling strong bullish momentum.
Advance-Decline Ratio: Positive breadth with 2,245 stocks advancing against 892 declining, highlighting healthy participation.
The Big Picture: BYD is poised to overtake Tesla as the world’s largest EV seller in 2025, after reporting a 28% jump in battery-electric vehicle sales to 2.26 million units, while Tesla’s deliveries are estimated to fall around 8%, marking a second straight annual decline.
FII/DII Activity (Dec 1, 2026): Despite FII selling of ₹3,269 crore, DII buying of ₹1,526 crore offered some stability to the broader market.
🔮 Watch Out For Tomorrow
Earning Corner: KSH International and CDG Petchem are set to announce their Q3 financial results, with investors tracking earnings performance and outlook.
Macro: USA ISM Manufacturing PMI (Dec) and Brazil Balance of Trade (Dec) data are scheduled for release next week, likely influencing global market sentiment.
Index Watch: Nifty opened flat but staged a strong upward rally through today’s session, hitting a fresh all-time high near 26,328 and signalling the start of a New Year rally; the key question now is whether this marks the beginning of sustained higher highs or a short-term trap, as broad-based sectoral support lifted the index.
5 Day Course
Theme: Option Greeks Explained
Day 4 – Vega (Volatility Risk)
What it means: Vega measures how option prices respond to changes in implied volatility, with rising volatility increasing premiums and falling volatility reducing option value significantly.
Example:
Option price = ₹90
Vega = 6
Volatility rises from 15% to 18% (↑ 3%)
Calculation: Price change = 6 × 3 = ₹18 New option price ≈ ₹108
📝 Word Of The Day
Slippage – The difference between the expected trade price and the actual execution price, usually occurring during high volatility or low liquidity, impacting trading costs and returns.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.