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Hindustan Zinc, Vedanta, Union Bank: 10 stocks start 2026 on a positive note despite market fall
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3 min read | Updated on January 15, 2026, 16:03 IST
SUMMARY
Market sentiments have remained weak in 2026 as the NIFTY50 index has declined in 7 sessions out of 10 trading session happened so far this year. Despite weak market performance, Union Bank of India, Vedanta, Coal India and others have managed to deliver a surprise positive return to investors.
Hindustan Copper, Union Bank and Vedanta has delivered positive return despite weak market sentiments. | Image: Shutterstock
Indian markets got off to a shaky start in 2026, with NFTY50 index falling 1.78% and SENSEX declining 2.16%. So far this year 10 trading session have taken place out of which markets have closed in red on 7 occasions.
Uncertainty around US-India trade deal
Prolonged delay in the US-India trade deal has also kept the markets on edge. Investors remain cautious amid renowned US tariff fear after US President Donald Trump issued a fresh warning regarding tariffs and has backed a sanctions bill that could impose 500% tariffs on Russian goods and services.
FIIs sell-off continues in 2026
Consistent sell-off by the foreign institutional investors (FIIs) has also kept the market sentiments weak. FIIs have sold equities worth ₹21,706 crore so far this month and have been net buyers of Indian equities only once. FIIs have remained net sellers in the Indian markets on a monthly basis since July 2025. Meanwhile, Domestic Institutional Investor (DIIs) has been net buyers of equities worth ₹30,141 crore.
Rising Geopolitical tensions
Market sentiments are also weak amid rising geopolitical tensions. Instability in Iran after nationwide protests and possiblity of attack by the US has increased geopolitical concern.
Earlier this month the United States launched a military strike on Venezuela and captured incumbent Venezuelan president Nicolás Maduro and his wife Cilia Flores. Experts believe any further escalation of the US-Venezuela conflict could add to geopolitical complexity and impact domestic markets as well. Besides this, US has also said it plans to takeover Greenland.
Despite weak sentiments in the market some stocks have managed to start 2026 on positive note and delivered upbeat return so far.
| Stock name | YTD return | Market cap | 1-year return |
|---|---|---|---|
| Union Bank of India | +16.59% | ₹1.36 lakh crore | +68.72% |
| Vedanta Limited | +11.81% | ₹2.64 lakh crore | +55.31% |
| Hindustan Copper | +10.52% | ₹55,023 crore | +157.68% |
| Coal India | +8.32% | ₹2.66 lakh crore | +15.24% |
| Hindalco | +7.74% | ₹2.14 lakh crore | +61.59% |
| Eternal | +7.62% | ₹2.88 lakh crore | +22.51% |
| Hindustan Zinc | +6.82% | ₹2.76 lakh crore | +48.17% |
| NTPC | +5.93% | ₹3.38 lakh crore | +8.60% |
| Tata Steel | +5.09% | ₹2.36 lakh crore | +49.65% |
| Power Finance Corporation | +4.63% | ₹1.23 lakh crore | -12.76% |
Metal stocks seems to have grab investors attention amid strong rall y in base and precious metals in the international markets. Shares of Vedanta, Hindustan Copper, Hindalco, Hindustan Zinc and others have gained between 6% and 11% so far this year.
Union Bank of India shares have witnessed strong investors interest following robust quarterly results announcement. Shares of state-run surged over 7% in previous trading to hit a 52-week high of ₹180.69 apiece after reporting robust quarterly results.
Union Bank of India’s net profit increased by 9% YoY to ₹5,017 crore, compared to ₹4,604 crore reported during the same quarter last year. Meanwhile, its Net Interest Income (NII) remained flat, rising 1% YoY to ₹9,328 crore. Union Bank asset quality improved as Gross NPA improved to 3.06% from 3.29% in September, while Net NPA improved to 0.51% from 0.55% in the previous quarter.
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