Analysts say sustained trading below this level could disrupt the prevailing uptrend and potentially drag the index towards the 25,600–25,700 zone. On the upside, the earlier support in the form of the short-term 20-day DEMA, placed around 26,050, is likely to act as an immediate hurdle.
In today’s trade, shares of RIL, BHEL, NTPC, Bharat Forge, Ashok Leyland among others will be in focus due to various news developments.
Bharat Forge
Bharat Forge said it has inked a pact with Germany-based Agile Robots SE to explore a strategic collaboration in AI-driven robotics and intelligent industrial automation. Driven by Bharat Forge’s extensive domain expertise and Agile Robots’ ingenious intelligent robots and automation solutions, this collaboration will see the deployment of cutting-edge solutions for the automotive, healthcare, and consumer electronics industries, the company said in a statement.
BHEL
State-owned BHEL said it has secured an order from Bharat Coal Gasification and Chemicals Limited for coal gasification and raw syngas cleaning facilities for coal-to-ammonium nitrate project at Jharsuguda, Odisha. Bharat Coal Gasification and Chemicals Limited (BCGCL) is a joint venture company of Bharat Heavy Electricals (BHEL) and Coal India (CIL).
RIL
Reliance Industries, operator of the world’s largest refining complex, on Thursday said it will consider buying Venezuelan oil if permitted for sale to non-US buyers. Reliance stopped buying Venezuelan oil from March 2025 after the United States announced a 25% tariff on nations buying crude from the South American nation. The conglomerate received its last parcel of Venezuelan oil in May.
NTPC
India’s state-run power producer NTPC is scoping at least 30 locations across the country where it could build nuclear power projects, part of a plan to expand its clean energy portfolio, according to people familiar with the matter.
Ashok Leyland
Ashok Leyland, one of the country’s leading commercial vehicle manufacturers, is set to inaugurate its new electric vehicle manufacturing plant in Lucknow on Friday, January 9. The inauguration ceremony will be held in the presence of chief minister Yogi Adityanath, Raksha Mantri Rajnath Singh, union minister for Road Transport and Highways Nitin Gadkari.
Alkem Laboratories
Alkem Laboratories said it has launched a therapy kit to support hair growth. The company has introduced Renocia cyclical therapy kit, a weekly nutritional supplementation regimen to support hair growth, strengthen hair follicles and manage hair loss, the drug firm said in a statement.
Sagar Cements
Sagar Cements is likely to sell 8.14% stake in its arm Andhra Cements through an offer for sale by January 12.
