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Below the Quote on Weekly market outlook 02nd January 2026 from Vinod Nair, Head of Research at Geojit Investments Limited 

"National market concluded the split week with optimism and touched a fresh all-time high. Strong momentum was observed in the Auto and PSU Banking sectors, while sectoral rotation was evident in Utilities. Robust December auto sales indicate a broader uptick in economic activity during the festive-driven quarter. Improving asset quality and expectations of accelerated credit growth drew investor interest toward PSU banking stocks. Following a phase of consolidation, utility stocks gained traction on hopes of rising demand and increased industrial activity. Conversely, FMCG stocks faced selling pressure after the government announced a higher excise duty on cigarettes, pulling the index down by ~4% for the week.

Global markets reopened positively, further supporting overall sentiment in the domestic market. On the other hand, precious metals continued their momentum, as trade disparity, supply constraints, geo-political tension, rate cut view and FII outflows continue to test the near-term risk appetite of investors.

For the week ahead, investors will give attention to US payroll and unemployment data for global market direction. Overall sentiment is expected to stay constructive, though markets may move within a steady range as participants wait for clearer earnings?led triggers and clarity on the India-US trade deal."

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