Stock Markets: Which among largecap, midcap and smallcap will be most profitable in investment in 2026? – stock markets laregecap midcap or smallcap which one is best for investment in 2026
Which largecap, midcap and smallcap stocks are the best to bet on in 2026? The answer to this comes from SBI Funds Management’s Market Outlook 2026. According to this, from valuation point of view, large cap stocks look attractive compared to midcap and small cap stocks. The earnings picture of big companies also looks relatively clear.
Except large cap, rest of the market is expensive.
This report says, “From the valuation point of view, the rest of the market seems expensive compared to largecaps. In the year 2025, the return of Nifty was 12 percent and that of Sensex was 10.5 percent. In comparison, the return of Nifty Midcap 150 Index was 6.2 percent. There was a decline of 5.3 percent in Nifty Smallcap 250 Index. The situation does not look much different in 2026. “The leadership of large-cap stocks is expected to continue.”
It is not right to invest too much in midcap-smallcap.
In this report, the possibilities of good returns in the rest of the market have not been ruled out. But, investors have been cautioned against investing too much in midcaps and smallcaps. However, value may be seen in some select pockets of the mid and smallcap segments. But, instead of running after market momentum, investors need to focus on quality and stock selection.
2025 was the year of normalization
2025 has been described as the year of normalization in this report. Last year started with high valuation of shares. Investors’ expectations were very high. But, after the decline in January and February, the markets moved closer to their fundamentals. There was a big decline in the major indices of the market. Smallcap and midcap stocks were hit the hardest. This deflated the bubble that had formed over the last few years.
Double digit returns despite ups and downs
The internal framework of SBI Funds Management also shows a neutral stance towards equities. The recommendation for investment in equity has increased to about 60 percent, which was 20 percent at the beginning of 2025. The reason behind this change is the comfort of valuation. It is worth noting that 2025 was a year of ups and downs for the stock markets. Despite this, the market returns remained in double digits at the end of the year.
Market got support from government and RBI
Largecap indices performed relatively better in 2025. But, other stocks struggled. The market got a lot of support from the government and RBI. The government gave big relief to the taxpayers in income tax. GST rates were reduced. Labor reforms were done. On the other hand, RBI reduced the repo rate by 1.25 percent. This had a positive impact on sentiment. Tax relief saved money in people’s pockets. Demand got a boost due to reduction in GST.
Eyes are on earnings growth in 2026
In 2026, eyes are on the December quarter results of companies. If the earnings growth of companies is good then it will have a good impact on the market. The government’s efforts to maintain focus on capital expenditure in the Union Budget and reduce fiscal deficit may strengthen market sentiments. On the second day of the year 2026, Nifty broke its high of September 2024.
Big revelation from CCI investigation, JSW Steel, SAIL and Tata Steel had colluded to increase steel prices – CCI probe reveals JSW steel sail and tata steel and many other companies colluded on steel prices
The Competition Commission of India (CCI) has found the country’s three biggest steel manufacturing companies and 25 other companies guilty of violating antitrust laws. These companies colluded to increase steel prices. Reuters gave this report on January 6. These companies include Tata Steel, JSW Steel and government company SAIL.
56 senior executives also involved in collusion
The CCI has also held 56 senior executives responsible for collusion at different times between 2015 and 2023. These include JSW Managing Director Sajjan Jindal, Tata Steel Chief Executive Officer TV Narendran and four former chairpersons of SAIL. This information is based on CCI’s order of 6 October. This order has not been made public yet.
CCI started the investigation in the year 2021
JSW refused to provide information in this regard. Executives at Tata Steel and SAIL did not respond to Reuters questions. CCI also declined a request for comment on the matter. This CCI investigation was the most high-profile investigation related to India’s steel sector. The investigation started in 2021 when a builders’ association made an allegation in this regard.
CCI raided some steel companies in 2022
During the hearing of a case in a court in Tamil Nadu, the Builders Association had alleged that the steel companies were colluding to reduce the supply and increase the prices. Reuters had reported in 2022 that CCI had raided some steel companies as part of its investigation. Later, 31 companies, industry bodies and several dozen executives were included in the scope of this investigation.
CCI is not allowed to make the investigation information public
Under CCI rules, information about cartel-related investigation cases is not made public until the case proceedings are completed. The CCI’s October order said the investigation had found that the parties had violated antitrust laws. He had also said that some individuals were also found involved in this case.
CCI can impose penalty on companies
Senior CCI officials will consider the investigation report. After that, the executives of the companies will be given a chance to present their objections before the final order is issued. Reuters has given this information. India is the second largest producer of crude steel in the world. CCI has the power to impose a penalty of three times the company’s profit or 10 percent of the turnover. The higher of these applies. This is imposed for each year of violation of the rules.
Shares of steel companies fell due to this news
CCI can also impose fine on executives of companies. After this report, shares of JSW Steel, SAIL and Tata Steel fell on January 6. Due to this, Nifty Metal Index closed down. CCI’s October order does not specify what kind of evidence was examined in this case. Reuters said an internal CCI document dated July 2025 revealed that officials had discovered WhatsApp messages between regional industry groups. This indicated pricing fixing and supply interruption.
Gainers & Losers: These 10 stocks including IEX, Havells, Fortis and NALCO; Nifty expiry returns up to 16% instantly – gainers losers iex havells fortis tata motors pv and more stocks that gives return massively on 6 jan on nifty expiry sensex closes red
Gainers & Losers: After three consecutive trading days of rise, today there was an atmosphere of ‘Sell on Rise’ in the domestic stock market for the second consecutive day amidst the excitement in the Asian markets. Today, on the day of weekly expiry of Nifty, Sensex closed at 85,063.34 with a slip of 376.28 points or 0.44% and Nifty 50 closed at 26,178.70 with a fall of 71.60 points or 0.27%. Now if we talk about individual stocks, there was sharp ups and downs in some stocks today due to their special corporate activities. Some of them are being explained here along with the reason behind the huge stir. (All prices are taken from BSE.)
NALCO. Current Price: ₹346.70 (+4.76%)
IEX (Indian Energy Exchange). Current Price: ₹148.10 (+10.28%)
Havells India. Current Price: ₹1500.45 (+3.28%)
Fortis Healthcare. Current Price: ₹945.45 (+3.28%)
Falcon Concepts. Current Price: ₹44.50 (+8.54%)
HDFC Bank. Current Price: ₹962.40 (-1.56%)
Tata Motors PV. Current Price: ₹368.90 (-1.23%)
Trent. Current Price: ₹4047.70 (-8.62%)
Kaynes Tech. Current Price: ₹3790.40 (-5.21%)
Indian Metals & Ferro Alloys (IMFA). Current Price: ₹1291.85 (-11.28%)
NALCO. Current Price: ₹346.70 (+4.76%)
After three years, aluminum crossed $ 3000 per tonne on LME (London Metal Exchange), while shares of National Aluminum Company i.e. NALCO jumped 6.32% in intra-day today to reach ₹ 351.85.
IEX (Indian Energy Exchange). Current Price: ₹148.10 (+10.28%)
Shares of Indian Energy Exchange today jumped 14.18% to ₹153.35 intra-day on a block deal worth ₹18.88 crore of about 12.8 lakh shares at ₹147.81 on NSE.
Havells India. Current Price: ₹1500.45 (+3.28%)
Shares of Havells India jumped 3.66% to ₹1505.95 intra-day today on block deal of about 1.74 lakh shares at ₹1,483.00 for ₹25.82 crore on NSE.
Fortis Healthcare. Current Price: ₹945.45 (+3.28%)
As CRISIL gave AA+/Stable rating to bank facility of ₹425.98 crore and NCDs (non-convertible debentures) of ₹1550 crore, shares celebrated and jumped 3.86% to ₹950.70 intra-day today.
Falcon Concepts. Current Price: ₹44.50 (+8.54%)
Shares of Falcon Concepts jumped 8.54% to ₹44.50 intra-day today after it received a new order worth ₹18,42 crore from Splendor Information Tech for aluminum glazing facade work on a commercial building in Noida.
HDFC Bank. Current Price: ₹962.40 (-1.56%)
HDFC Bank shares tumbled 2.23% to ₹955.90 intra-day as brokerage firms expressed concern over sluggish deposit growth. The average deposits of the bank increased by 12.2% to ₹27.52 lakh crore in the December 2025 quarter. Nomura says that due to sluggish deposit growth, the growth of bank advances is expected to be limited in this quarter.
Tata Motors PV. Current Price: ₹368.90 (-1.23%)
Tata Motors PV’s Jaguar Land Rover’s wholesale volume slipped 43.3% year-on-year and retail volume slipped 25.1% in the December 2025 quarter, so its shares fell 3.55% to ₹ 360.25 in intra-day today.
Trent. Current Price: ₹4047.70 (-8.62%)
According to the business update, Trent’s revenue grew 17% year-on-year to ₹ 5,220 crore in the December 2025 quarter, which was slower than the strong growth in Q3 FY 2025, Q4 and Q1 FY 2025. Due to this, Trent shares fell by 9.92% intra-day today to ₹ 3990.00.
Kaynes Tech. Current Price: ₹3790.40 (-5.21%)
Shares fell 7.21% to one-year low of ₹3710.40 intra-day today as Jefferies maintained buy rating on Keynes Technology but cut target price to ₹5,940 from ₹7,780.
Indian Metals & Ferro Alloys (IMFA). Current Price: ₹1291.85 (-11.28%)
Due to the possibility of resumption of its smelters in South Africa, an important supplier of ferrochrome, and the fall in ferrochrome prices per tonne from ₹ 1.20 lakh to ₹ 1.05 lakh in the domestic market, IMFA shares suffered a huge blow and fell 16.51% to ₹ 1215.60 in intra-day today.
Swiggy comes below QIP price, Zomato also continues to decline, what to do now? – swiggy share price slips below qip ipo price zomato parent eternal share price down second day in a row but global analysts are bullish
Shares of Eternal, the parent company of online food delivery and quick commerce aggregators Swiggy and Zomato, witnessed heavy selling pressure today. Their shares fell by about 5%. For Swiggy, this is the third consecutive day when its shares have weakened, while Eternal’s shares have fallen for the second consecutive day. With this fall, Swiggy’s shares fell below its QIP (Qualified Institutional Placement) price and is also below the IPO price. However, despite this, global funds and analysts still remain bullish on both of them.
Currently, Swiggy shares are down by 4.56% on BSE at ₹360.75 (Swiggy Share Price) and Eternal shares are down by 0.71% at ₹279.80 (Eternal Share Price). In intra-day it fell by 4.88% to ₹359.55 while Eternal slipped by 1.97% to ₹276.25. Talking about Swiggy’s QIP, under this, shares were issued at the price of ₹ 375 and under the IPO, shares were issued at the price of ₹ 390.
What is the opinion of experts on Zomato’s Eternal and Swiggy?
Matt Orton, chief market strategist at Raymond James, says that Swiggy has strengthened its credit lines and has a lot of money which it can invest in better investment options. He believes that GST reforms will have a positive impact on consumption. Matt Orton believes that Swiggy shares are very cheap. There was a lot of ups and downs in it last year 2025 but now this year 2026 there are chances of a huge rise. Brokerage firm CLSA has even included Eternal in its India focus portfolio to increase consumption exposure in India. Overall, out of 33 analysts covering Eternal, 29 have given buy rating and 4 have given sell rating, while out of 28 analysts covering Swiggy, 23 have given buy, 2 have given hold and 3 have given sell rating.
How were the shares in one year?
Talking about the movement of Swiggy shares in one year, last year on January 6, 2025, their one year high level was at ₹ 546.45. Within four months, it slipped 45.65% from this high level to one-year low of ₹297.00 on May 13, 2025. Now talking about Zomato Eternal, last year it was at a one-year low of ₹ 189.60 on BSE on April 7, 2025, due to which in just six months it jumped 94.30% to reach a one-year high of ₹ 368.40 on October 16, 2025.
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.
Reliance does not buy oil from Russia, rejects this report’s claim – reliance rejects claims of Russian oil cargoes coming to Jamnagar refinery says blatantly untrue
Reliance Industries rejected claims related to import of oil from Russia at its Jamnagar refinery. Reliance strictly said that such news is completely wrong and is tarnishing the company’s image. Referring to a Bloomberg News report, Reliance said it has not received any Russian oil in the last three weeks and does not expect any crude delivery from Russia this month. Reliance also expressed disappointment that its denial of this claim was not mentioned in the report. Reliance said these things on X (formerly Twitter).
What did Reliance Industries say?
Reliance said that the claim made in the report of news agency Bloomberg that three ships carrying Russian oil were heading towards the Jamnagar refinery of Reliance Industries Limited is wrong. Reliance also expressed disappointment that its refutation was allegedly ignored when the report was being published. The company says that Reliance Industries’ Jamnagar refinery has not received any consignment of Russian oil in the last three weeks and there is no expectation of any delivery of crude oil from Russia in January also. The company expressed regret that Reliance had also denied purchasing oil from Russia, but its statement was ignored and a wrong report was published, which tarnished the company’s image.
What was in the report?
Bloomberg published a report titled ‘Ships with Russian oil signal reliance on plant as destination’. It was claimed that according to shipping details, crude oil from Russia is moving towards the west coast of India. According to Bloomberg, a Reliance spokesperson had denied that the company had purchased these cargoes and the spokesperson had also said that no consignment of crude oil would be arriving from Russia for delivery in January.
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Defense stocks surge after us attack on venezuela hal bel and paras defense rise up to 5 percent watch video to know more
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Defense Stocks: Amid increasing geopolitical tension at the global level, there was a spectacular rise in the shares of Indian defense companies today on January 5. After the news of US military action on Venezuela and the detention of President Nicolas Maduro, investors turned towards defense stocks.
Nifty Outlook: Nifty made a new record, now how will it move on January 6? Know from expert – nifty outlook january 6 after new record high what to expect key support resistance and expert view
Nifty Outlook: Nifty started the week with a record high for the second consecutive day. The level of 26,373 has now become a new record for Nifty. However, be it profit booking or some internal concerns, there seems to be a problem in keeping the index above 26,300.
Now let us understand from the experts how the movement of Nifty will be on Tuesday, January 6 and which levels will be important. But, first let us know what special happened in the market on Monday.
Weakness of heavyweight shares became a hindrance
The change in stance of the three big heavyweight stocks of Nifty on Monday was not helpful for the market. Reliance Industries showed decline after touching its record high. HDFC Bank shows weakness despite strong business update.
At the same time, IT stocks also remained under pressure as some negative recommendations and downgrades came ahead of the third quarter results season.
Most Q3 business updates remained strong
Barring a few names like Avenue Supermarts and Union Bank, most companies have had strong Q3 business updates.
Most banks, including HDFC Bank and underperforming Bandhan Bank, have recorded double digit loan growth for the second consecutive quarter. The updates of retail and FMCG companies have also been satisfactory for the last quarter.
The major concerns of the market are not over yet
Despite this, many concerns remain in the market. These include geopolitical conditions, uncertainty regarding the US-India trade deal, and FIIs continuing to be net sellers. Even though the selling figure of FIIs on Monday was not very large.
Apart from this, there are also concerns regarding valuations. Bernstein cited this as one of the reasons for downgrading the Indian market.
Which levels will be monitored on Tuesday?
Tuesday’s session is also the weekly expiry day of Nifty. On the downside, it will be important for the index to defend the level of 26,200, which Nifty defended on Monday. Staying above 26,300 on the upside will be considered an important signal for the market.
What are experts saying on Nifty
According to Rajesh Bhosale of Angel One, on the downside, 20-DEMA will be an important support zone for Nifty. It is around the low of the last two sessions at 26,100-26,070.
Whereas the range of 26,400-26,500 will act as a strong resistance, which is an untouched area till now. His advice is to view intraday declines as a buying opportunity.
Nagaraj Shetty of HDFC Securities says that Nifty is standing at important support levels according to the concept of ‘change in polarity’. He is hopeful that Nifty may show a rise from the support of 26,200-26,150 in the next one or two sessions. According to Shetty, the target of Nifty in the short term can be 26,700.
Special attention will be kept on Nifty Bank
On Tuesday, maximum focus is going to be on Nifty Bank. The fall in HDFC Bank also dragged down the shares of other lenders except CSB Bank. Nifty Bank slipped nearly 400 points from the day’s upper levels, but managed to save the 60,000 level on the downside.
According to the chart, the big picture of Nifty Bank still remains positive. The index has given a breakout from the falling trendline and remains above its short-term 10 and 20 day exponential moving averages.
According to Vatsal Bhuva of LKP Securities, bullish crossover is also visible in RSI. Their strategy is to buy on dips. Immediate support is considered around 59,700, resistance at 60,500, and positional support at 59,300.
Stock in Foucs: Government Navratna company gets new work orders worth ₹ 134 crore, stock will be in focus
Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.
Stock in Foucs: Government Navratna company gets new work orders worth ₹ 134 crore, stock will be in focus – navratna psu nbcc stock in focus after rs 134 crore new work orders from odisha government bodies
Stock in Focus: Government Navratna company NBCC (India) Ltd said on Monday, January 5 that it has received work orders worth about ₹134.05 crore. According to the company, these orders have been received as part of its regular business operations.
Among these orders, a contract worth ₹ 45.87 crore has been received from Maharaja Shriram Chandra Bhanjan Dev University of Odisha. This project is related to construction, repair and renovation work in the university campus located at Baripada in Mayurbhanj district under PM-USHA scheme.
Second big order for school infrastructure
NBCC has received another order worth ₹88.18 crore from Odisha School Program Authority, Bhubaneswar. This order pertains to the implementation of civil works under the Godabarisha Mishra Adarsh Primary School Scheme.
Both contracts are with domestic institutions
NBCC has clarified that both these contracts have been given by domestic institutions. These include Project Management Consultancy (PMC) services and will be performed as per the terms and conditions stipulated by the respective clients.
Big orders were received even at the end of December
Earlier, on December 31, NBCC (India) Ltd had reported that it had received three domestic work orders worth about ₹220.31 crore. The largest order among these was for ₹163.12 crore. It was given by Canara Bank for planning, designing and construction of its head office in Manyata Tech Park, Bengaluru.
Got work from Navodaya Vidyalaya Samiti also
The remaining two orders were received from Navodaya Vidyalaya Samiti. These include a contract worth ₹9.01 crore for the construction of a boys hostel in Maharashtra and an order worth ₹48.18 crore for developing a permanent campus in Telangana.
Pressure visible on share price
Shares of NBCC (India) Ltd closed 2.46 per cent lower at ₹119.65 on the NSE on Monday, January 5. The stock is up 3.21% in the last 6 months. At the same time, it has given a strong return of 36.20% in 1 year. The market cap of the company is Rs 32.27 thousand crore.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.