Indian equities begin 2026 on a resilient footing, supported by strong domestic macro cues and sectoral leadership from autos and metals. The Nifty 50 notched a record high above 26,300 and the BSE Sensex climbed over 573 points, driven by auto sales strength and broad-based buying, which underpin improved Q3 earnings expectations.
The Indian rupee continued to trade around
89.97 against the US dollar, suggesting persistent external pressures on capital flows.
Globally, robust inflows into equity funds at year-end highlighted continued appetite for risk assets, which could extend to emerging markets including India.
Given this backdrop, investors may favour structurally strong sectors and quality earnings, while remaining cautious on macro-sensitivities and currency dynamics as markets head into early reporting season.
In India, the final reading for the HSBC Services PMI for December 2025 would be be released on Tuesday (06 January 2026). The HSBC India Services PMI fell to 59.1 in December 2025 from 59.8 in November, pointing to a slightly slower but still strong expansion in services activity, preliminary estimates showed.
The final print for the HSBC Composite PMI would also be made public on the same day. The HSBC India Composite PMI fell to 58.9 in December 2025 from a final 59.7 in the prior month, flash data showed. It was the lowest reading since February, due to softer growth across manufacturing and service sectors.
On Wednesday (07 January 2026), the M3 Money Supply figures for the week ended on December 26 would be made public. The Money Supply M3 in India increased to Rs 291,363.75 billion in the week ending November 28 from Rs 289,454.93 billion two weeks before.
On Friday (09 January 2026), the year-on-year growth in bank loans for the period ended on December 26 would be announced. The value of loans in India increased 11.5 percent year-on-year in the fortnight ending 28 November 2025.
On the same day, annual growth in deposits for the period ended on December 26 would also be made public. The value of deposits in India increased 10.2 percent year-on-year in the fortnight ending 28 November 2025.
Friday would also see the release of the value of the Foreign Exchange Reserves for the week ended on January 02. Foreign Exchange Reserves in India increased to $693,320 million in December 19 from $688,950 million in the previous week.
In China, the RatingDog Services PMI for the month of December would be announced on Monday (05 January 2026). The RatingDog China General Services PMI declined to 52.1 in November 2025, down from 52.6 in October. The latest reading marked the softest expansion in the services sector since June, as new business growth eased.
The RatingDog Composite PMI for December 2025 would also be released on the same day. The RatingDog China General Composite PMI slipped to 51.2 in November 2025 from 51.8 in the previous month, marking its lowest level since July but still indicating private-sector expansion for the sixth consecutive month.
On Wednesday (07 January 2026), the Foreign Exchange Reserves position for December 2025 would be made public. China’s foreign exchange reserves climbed by $3.0 billion to $3.346 trillion in November 2025, up from $3.343 trillion in October and compared with market expectations of $3.36 trillion.
On Friday (09 January 2026), the Inflation Rate for December 2025 would be unveiled on Friday (09 January 2026). China’s annual inflation rate picked up to 0.7% in November 2025 from 0.2% in the prior month, aligning with market consensus and marking the highest level since February 2024.
On the same day, the producer price inflation figures would also be made public. China’s producer prices fell 2.2% year-on-year in November 2025, slightly accelerating from a 2.1% decline in October and marking the 38th consecutive month of contraction.
In the United States, the ISM Manufacturing PMI for the month of December would be released on Monday (05 January 2026). The ISM Manufacturing PMI for the US fell to 48.2 in November 2025, the lowest in four months, compared to 48.7 in September. The reading showed that the manufacturing sector contracted for the ninth consecutive month and at a faster pace.
On Wednesday (07 January 2026), the ISM Services PMI for December 2025 would be announced. The ISM Services PMI for the US edged up to 52.6 in November 2025 from 52.4 in October, pointing to the strongest growth in the services sector in nine months.
The API Crude Oil Stock Change for the week ended on January 02 would be made public would also be released on Wednesday. US crude oil inventories increased by 1.7 million barrels in the week ending December 26th, 2025, marking the second build after four weeks of draws, following a 2.4 million-barrel build the previous week.
The Job Openings and Labor Turnover Survey (JOLTS) results for the month of November would also be made public on the same day. Job openings in the United States increased by 12,000 to 7.670 million in October 2025, up from 7.658 million in September, according to delayed data from the US Bureau of Labor Statistics.
On Thursday (08 January 2026), the balance of trade data for the month of October would be announced. The US recorded a trade deficit of $52.8 billion in September 2025, the lowest since June 2020, compared to a $59.3 billion gap in August and forecasts of $63.3 billion. While rxports jumped 3% to $289.3 billion, imports rose at a slower 0.6% to $342.1 billion.
On Friday (09 January 2026), the non-farm payrolls data for the month of December would be made public. US job growth totaled 64K in November, compared with a 105K loss in October.
The unemployment rate for December 2025 would also be released on the same day. The US unemployment rate increased to 4.6% in November 2025 from 4.4% in September, marking the highest level since September 2021.
Friday would also see the release of preliminary reading for the Michigan Consumer Sentiment for January 2026. The University of Michigan consumer sentiment for the US was revised lower to 52.9 in December 2025 from a preliminary of 53.3.