NIFTY50 at 26,100, SENSEX down 250 pts in noon session; Titan, Cupid, Senco among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, declined in the afternoon session on Wednesday, January 7, amid weak cues from Asian stocks and selling in auto shares. Investor sentiment was also impacted by continued FII outflow.

The SENSEX declined as much as 0.52% to an intra-day low of 84,617.49, while the NIFTY50 reached the session’s low of 26,096.45.

At 12:35 PM, the S&P BSE SENSEX fell by 250.46 points, or 0.29%, to 84,812.88, while NSE’s NIFTY50 was trading at 26,100.50, reflecting a 78.20 points, or 0.30% slump.

On Tuesday, the foreign institutional investors (FIIs) sold shares worth ₹107.63 crore, while the domestic institutional investors (DIIs) bought equities worth ₹1,749.35 crore on a net basis, according to exchange data.

The top laggards of the NIFTY50 index included Cipla (-4.30%), Tata Motors PV (-2.34%), Max Healthcare Institute (-2.20%), Maruti Suzuki India (-1.57%) and Power Grid Corporation of India (-1.49%).

On the contrary, Titan Company (4.72%), Jio Financial Services (2.24%), HCL Technologies (1.85%), Wipro (1.58%) and Eternal (1.52%) were among the top gainers.

Buzzing stocks on January 7: Check list

Shares of Cupid Ltd surged as much as 9.32% to hit a high of ₹468.95 in the early trade on the National Stock Exchange (NSE), after it shared its third-quarter updates for FY26.

In its press release late on Tuesday, Cupid said it expects Q3 FY26 to be its best-performing quarter to date, driven by continued demand strength and smooth operational execution.

Cupid’s order book stands at its highest level so far, providing clear visibility for performance in the coming quarters.

It stated that management remains confident of exceeding its earlier FY26 guidance of ₹335 crore in revenue and ₹100 crore in PAT, supported by operating efficiencies, stable demand, and progress in execution.

Senco Gold stock zoomed 14% to touch an intraday high of ₹368.40 per equity share on Wednesday, as it reported its December quarter business updates and also shared its outlook for the upcoming quarters.

The company achieved a 51% year-over-year (YoY) growth in Q3 FY26, following 6.5% growth in Q2 and 28% growth in Q1, thus achieving ~31% growth during the first nine months. “Our trailing twelve months (TTM) revenue has already reached ~₹8,000 crore, reflecting consistent YoY growth, a loyal customer base and brand positioning,” Senco Gold said in a regulatory filing.

The Q3 YoY growth includes retail business growth of ~49% and same-store sales growth (SSSG) of ~39%. The nine-month topline growth of 31% includes SSSG of ~21% growth. Diamond jewellery sales continued to maintain strong growth momentum in Q3, with ~36% YoY growth and 9-month growth of ~34%.

Shares of Titan Company soared as much as 4.74% to a fresh record of ₹4,306.90 apiece, after posting robust updates for Q3FY26.

The company’s jewellery portfolio logged a robust 41% year-on-year (YoY) growth for the December quarter of FY26, bolstered by a vibrant festive demand, it said in a regulatory filing. Furthermore, its revenue growth was driven by a substantial rise in the average selling price (ASP), which offset flatish buyer growth.

Under the jewellery segment, Titan added 47 stores in India, of which 10 were Tanshiq stores, 11 were Mian, one was Zoya and beYon, and 24 were CaratLane. Its total stores under the jewellery segment stood at 1,167 at the end of the quarter under review.

The stock of CMS Info Systems skyrocketed as much as 6.78% to ₹365 per unit on securing a ₹1,000 crore, 10‑year contract from State Bank of India (SBI).

In an exchange filing on January 7, the company said that this is the first such direct large public sector undertaking (PSU) bank outsourcing contract, covering about 5,000 bank-owned ATMs across India.

The project will include managed services, enhancing cash efficiency and delivering higher automated teller machine (ATM) uptime to benefit bank customers. The contract goes live this month.

Shares of Modern Diagnostic and Research Centre made a decent debut on the BSE SME platform on January 7, 2026. The stock listed at ₹99.5 per unit, reflecting a premium of 10.56% over the IPO issue price of ₹90 per unit.

The initial public offering got subscribed a whopping 350.49 times, as investors placed bids for 1,02,95,90,400 shares compared to 29,37,600 shares on offer, according to the BSE data.

Meesho stock is in the spotlight today as the company sees the expiry of the shareholder lock-in period. At the opening bell, Meesho shares opened over 4% lower to trade around ₹174.5 apiece on NSE. At 9:30 am, Meesho stock hit 5% lower circuit with a day low of ₹173.13 and a day high of ₹180 per share.

The sharp fall in the stock price comes as a one-month shareholder lock-in expires today. Meesho IPO opened for subscription between 3 to 5 December, followed by listing on December 10. As a result, a one-month lock-in period has expired today for anchor investors.

Shares of Indian Energy Exchange (IEX) advanced as much as 4.57% to an intraday high of ₹155.46 per unit, after the company responded to media reports on the withdrawal of the market coupling order by CERC.

In a regulatory filing on Tuesday, IEX said that it “is not aware of any information or event that has not been disclosed to the stock exchanges, and which could explain the movement in the trading.”

It added that it did not have any unpublished price sensitive information (UPSI) or any other information that is required to be disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and which has not already been disclosed to the Stock Exchanges.

According to a CNBC TV18 report, a lawyer representing the Central Electricity Regulatory Commission (CERC) told the Electricity Appellate Tribunal that they are ready to take instructions on withdrawing the July 23 market coupling order.

The report also added, “CERC told APTEL it will have to consult and seek instructions on withdrawal of the order. It said it wanted to make the coupling order more consultative, fair and transparent. It said it will take up the issue with CERC members, will take instructions on withdrawal of the coupling order.”