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Indian equities rallied for the seventh day, with 80% of NSE500 stocks above their 50-DMA, signaling broad bullish momentum. Historical data suggests continued gains, though technical warnings urge caution.

Indian markets extended their winning streak for a seventh day, with Sensex closing above 80,000 after a 500-point rally. Nifty rose 161 points, led by gains in capital goods, auto, realty, and IT stocks, while some profit-booking hit banks and consumer durables.

RPG chairman Harsh Goenka s viral post on X praised his wife s gold investments over flashy purchases, as gold crossed Rs 1 lakh per 10 grams, sparking investor buzz.

Angel One s shares surged 5.4% despite a 48.7% drop in Q4 net profit and a 22.2% revenue decline. The company announced a final dividend of Rs 26 per share for FY25. While ICICI Securities downgraded the stock, HDFC Securities maintained a Buy rating, citing potential upside, and the firm highlighted strong annual performance despite regulatory headwinds impacting F&O activity.

Devyani International, a QSR operator of KFC and Pizza Hut, plans to acquire Biryani by Kilo, causing its shares to rally. Emkay Global upgraded the stock to buy, citing potential value creation from the acquisition and possible growth in India. Sky Gate Hospitality, operating Biryani By Kilo, has seen substantial revenue growth.

​So, banks are pretty well placed and as the result season plays out, we will see more data points but this quarter result expectations in any case were lower. Overall financial year 25-26 the outlook still remains positive.

Trump’s aggressive reciprocal tariffs triggered market panic, inflation concerns, and fears of stagflation, threatening global growth. India, with domestic-driven demand, may stay resilient. However, modest stock market returns are expected unless earnings rebound. Investors may prefer fairly valued domestic sectors.

Anshul Saigal sees market resilience post-tariffs, urging investors to explore sectors like metals, textiles, CDMO, and infra amid global realignments, while avoiding tech due to weak earnings and high valuations.

Stock Market Today: Indian benchmark indices surged to levels unseen since January 6, fueled by robust earnings from banking giants like ICICI Bank and HDFC Bank. A weakening U.S. dollar and consistent foreign institutional investor inflows further bolstered market sentiment. Banking stocks spearheaded the rally, with the Nifty Bank index hitting a record high.

Kacholia acquired around a 1.2% stake in Concord Control during the fourth quarter, despite the stock falling over 30% this year.