The markets are stuck in a range, with a negative bias. The Nifty 50 is hovering around the 26,100 markwhile the Sensex is trading around 84,800. Though not a panic-driven sell-off, it felt more like a market pausing, recalculating, and letting stock-specific news do the talking.
A look now at the big movers and shakers:
CMS Info Systems
CMS Info Systems share price jumped nearly 7% midday after the company secured a large, long-term contract from the State Bank of India. The stock climbed as much as 6.8%, touching Rs 365, before cooling slightly but remaining firmly in positive territory.
The trigger was a Rs 1,000 crore, 10-year outsourcing contract from SBI, covering around 5,000 bank-owned ATMs across the country. This is CMS’s first direct large-scale outsourcing mandate from a public sector bank, a point not lost on the market.
Senco Gold
Shares of Senco Gold were among the strongest movers of the day, jumping close to 14% after the company released a detailed and confident December-quarter update.
The Kolkata-based jeweller reported 51% year-on-year growth in Q3 FY26, building on earlier quarterly momentum. For the first nine months of the financial year, topline growth stood at around 31%, taking trailing twelve-month revenue to nearly Rs 8,000 crore. Retail business growth came in at roughly 49%, while same-store sales growth touched 39% in the quarter. Diamond jewellery sales continued to punch above expectations, with 36% year-on-year growth in Q3.
Titan
Shares of Titan Company rallied as much as 4.5%, hitting a fresh record high around Rs 4,300 as the broader jewellery pack stayed buoyant following quarterly updates.
Titan’s business update reinforced the narrative of sustained festive demand and steady execution. The positive mood spilled over to peers as well. Kalyan Jewellers was trading over 1.5% higher, while Thangamayil Jewellery gained more than 6%. Tribhovandas Bhimji Zaveri rose nearly 10%.
Meesho
Shares of Meesho came under sharp pressure, hitting a 5% lower circuit in early trade and remaining weak around midday.
The fall followed the expiry of a one-month shareholder lock-in period after the company’s December listing. Roughly 2% of the company’s outstanding shares, or about 109.9 million shares worth nearly Rs 2,000 crore, became eligible for trading. That overhang was enough to spook short-term sentiment. Despite the drop, the stock continued to trade well above its IPO price of Rs 111, a detail that long-term investors noted, even if the market chose to sell first and think later.
Cipla
Shares of Cipla slumped 5% on 7 January after the US Food and Drug Administration (USFDA) disclosed details of its findings on Pharmathen International.
Cipla has a contract manufacturing agreement with Pharmathen, based in Greece, to commercialise tumour medication Lanreotide in the United States, and the regulatory action has had an impact on investor sentiment. The observations, according to the USFDA, point to a number of compliance shortcomings at Pharmathen sites.
Cupid
Shares of Cupid jumped as much as 9.3% in early trade before paring gains by midday. The move came despite the company issuing a clarification last week stating that it was not aware of any undisclosed material development behind recent volatility. By midday, the stock was still trading higher by about 1.6%, suggesting that while speculative interest remains, conviction is uneven.
Godrej Consumer Products
Shares of Godrej Consumer Products opened higher up 1.20% but lost momentum as the session progressed. The company’s December-quarter update spoke of gradually improving demand conditions in India, supported by falling inflation and better affordability following lower GST rates.