In the wake of a significant sell-off in the prior session, the Indian stock market is expected to commence on a careful note on Friday, January 9, influenced by mixed signals from Asian counterparts. Meanwhile, initial indicators from the Gift Nifty suggested a slightly positive opening, with the index positioned at 26,002.5—an increase of approximately 35 points, or 0.13%, compared to its previous close.
On Thursday, benchmark indices Sensex and Nifty experienced a significant, widespread drop, reflecting the unfavorable trends observed in global markets. The Sensex experienced its most significant single-day percentage decline in more than four months, as the Nifty 50 fell beneath the 25,900 threshold. Significant selling activity led to a decline in the 30-share Sensex, which fell by 780 points, or 0.92%, finishing at 84,180.96. As per Capitalmarket data, this represents the index’s most significant one-day decline since August 26, 2025, when it experienced a drop of 1.04%.
“Markets concluded Thursday’s session on a downtrend as selling pressure escalated, primarily due to weak global indicators. The Nifty commenced the day on a downward trajectory and sustained pressure for the duration of the session, ultimately closing close to the day’s low at 25,876.85, reflecting a decline of nearly 1%. Sectoral performance exhibited a predominantly negative trend, as metals, energy, and IT stocks experienced substantial selling pressure. The broader markets faced significant pressure, as both midcap and smallcap indices fell by approximately 2% each, indicating widespread weakness and a prudent approach among participants,” stated Ajit Mishra.
In light of current market conditions – The following stocks are poised to capture investor attention and may see notable activity today.
Equities to Monitor :
- Heritage Foods and Devyani International shares will attract attention as Devyani International, a prominent player in the quick-service sector, revealed on Thursday that its subsidiary, Sky Gate Hospitality, has divested its stake in Peanutbutter and Jelly to Heritage Foods. Peanutbutter and Jelly Pvt Ltd is the proprietor of the health-oriented ‘Get-A-Way’ brand, specializing in high-protein, no-added-sugar ice creams and desserts. “Sky Gate Hospitality, a subsidiary company, has executed a Share Purchase Agreement with Heritage Foods for the sale of its entire 51% equity stake in Peanutbutter and Jelly, which is a subsidiary of Sky Gate and a step-down subsidiary of the company,” according to a regulatory filing.
- Elecon Engineering for Q3FY26 reported consolidated revenue of Rs 552 crore, indicating a growth of 4.3% year-over-year. EBITDA for the quarter was Rs 109 crore, with an EBITDA margin of 19.8%, while Profit after Tax (PAT) amounted to Rs 72 crore, leading to PAT margins of 13.0%. The order intake for the quarter reached Rs 701 crore, while our order book as of December 31, 2025, was recorded at Rs 1,372 crore. The robust order book, along with a positive forecast for order inflow in both domestic and international markets, offers substantial visibility and assurance for the future.
- Bharat Heavy Electricals Limited has secured an order from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture between BHEL and Coal India Limited (CIL). The order size is approximately Rs 5,400 crore, not including GST.
- Power Mech Projects has disclosed that its wholly owned subsidiary, PM Green Private Limited, as the lead member, has obtained a contract for a 1 GWh Battery Energy Storage System (BESS) from West Bengal State Electricity Distribution Company Limited (WBSEDCL).
- Waaree Renewable Technologies has been awarded a Letter of Award for a revised project capacity of 704 MWac/1,000 MWp. This revision is in line with evacuation considerations and the optimization of DC overloading, leading to a corresponding decrease in the contract value. The company reported a decrease in the commercial order from Rs 1,252.43 crore to Rs 1,039.60 crore (excluding taxes), leading to a total reduction of Rs 1,212.83 crore.
- Astra Microwave Products secured orders totaling Rs 275.27 crore (including taxes) on January 8, 2026, from the Indian Air Force. These orders pertain to the integration of Software Defined Radio (SDR) on MiG-29 aircraft, the installation of Network Centric Application (NCO) on MiG-29 aircraft, and the procurement of 24 SDRs for LCA Mk-1A aircraft.
- Rail Vikas Nigam Limited (RVNL) has been awarded a Letter of Acceptance from East Coast Railway for the establishment of a Waggon POH Workshop with a capacity of 200 units at Kantabanji. The order size amounts to Rs 201.23 crore.
- Sagar Cements has revealed intentions to divest an 8.14% stake in its subsidiary Andhra Cements via an offer for sale (OFS), in order to meet the minimum public shareholding requirements.
- Prestige Estates – Prestige Group, via Canopy Living LLP, a collaboration between Prestige Estates Projects Limited and Arihant Foundations & Housing Limited, has entered into an agreement to sell a land parcel spanning 16.381 acres situated at Padi, Chennai.
- Bharat Forge and Germany-based Agile Robots S.E. have reached an agreement to investigate a strategic partnership aimed at jointly exploring the domain of AI-driven robotics and intelligent industrial automation. This partnership leverages Bharat Forge’s deep domain knowledge alongside Agile Robots’ innovative automation technologies, aiming to implement advanced solutions across the automotive, healthcare, and consumer electronics sectors.
- IEX – Reports indicate that the Electricity Appellate Tribunal (APTEL) will conduct a hearing regarding the market coupling case on Friday, January 9, at 10:30 AM. Reports indicate that the IEX petition asserts that the CERC order is arbitrary and infringes upon the principles of natural justice. The assertion is that the coupling order will result solely in a decline in market share, devoid of any apparent advantages.