Nifty Soars to Record High as FIIs, DIIs Inject Funds; Auto, PSU Banks Lead Rally

• FIIs net bought Indian equities worth Rs 290 crore, while DIIs purchased Rs 677 crore on January 2, 2026, signaling strong institutional support.
• Nifty continued its bullish trend, closing at a new record high of 26,328, up 182 points, and gained 1.10% weekly, indicating sustained market momentum.
• Auto and PSU banking sectors showed strong momentum, driven by improved economic activity and credit growth expectations, while utilities also saw rotation.
• FMCG stocks faced selling pressure, dropping approximately 4% over the week, following the government's announcement of higher excise duty on cigarettes.
• Technical analysis suggests a bullish Nifty with an upside target of 26,750 and Bank Nifty aiming for 61,500-62,500; SEBI also approved 8 new IPOs.

Why It Matters: Strong institutional buying and positive technicals propelled Nifty to a record high, despite FMCG sector weakness.