Stocks to Watch on Jan 6: Banking, Retail, and Energy Lead Radar Amid Global Rally

Indian stocks are poised to begin trading higher as there are positive trends in global equity markets. After weighing in on developments concerning Venezuela's oil investments and President Trump's proposal of increasing investment in oil companies, U.S. equity indexes rallied on Thursday evening (U.S. markets). The most significant gainers in the U.S. were the S&P 500 (+0.79%), the Dow (+1.23% to all-time highs) and the Nasdaq (+0.69%).

Most of the major Asian equity markets were up, with the CSI 300 gaining +0.91%, the Hang Seng improving +0.78%, and the Nikkei increasing +0.86%. The one exception was the KOSPI, which fell slightly by -0.17%. 

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Banking Sector Developments in India

Axis Bank announced total deposits for the quarter ended, of ₹1,260.8 crores, and gross loans of ₹1,170.5 crores, which is an increase from last year when they reported total deposits of ₹1,095.9 crores and gross loans of ₹1,025.9 crores. IndusInd Bank reported total retail/small business deposit amounts of ₹1,84,550 crores, with total deposits being ₹3,94,022 crores versus ₹4,09,438 crores a year ago. L&T Finance reported that its estimated retail segment disbursements for the September quarter were ₹22,690 crores and its total loan book was ₹1,11,900 crores, both of which indicate substantial year-over-year growth.

Retail and Consumer Plays

Stand-alone revenues for Trent Limited in Q3 of FY25 were ₹5,220 Crores, compared with ₹4,446 Crores in Q3 of FY24. The company operates 278 Westside stores, 854 Zudio stores, and 32 lifestyle stores (including four located in the Arabian Peninsula). In addition, Swiggy introduced "EatRight", which is an eat-centred food business focused on offering healthy eating options that contain protein, are lower calorie, and are free of added sugar.

In Energy and Infrastructure

ONGC and Mitsui OSK Lines from Japan partnered to create two joint ventures for the purpose of shipping ethane. HPCL started construction on its residue upgrading facility in Visakhapatnam. Adani Power's appeal against the Gujarat High Court decision regarding the doing away with customs duties on SEZ electricity supplied to the Indian Domestic Electric Grid was allowed by the Supreme Court.

Other Significant Development

KSH International reported a net profit of ₹29.6 Crores (compared with ₹12.9 Crores the previous year) for the second quarter of FY26 and revenue of ₹712.1 Crores (an increase from ₹472.4 Crores the previous year). HDFC Asset Management Company (AMC) introduced its mid-market debt Structured Credit Fund II. Torrent Pharma approved a proposal to raise up to ₹12,500 Crores via non-convertible debentures (NCDs). Happiest Minds confirmed that its acquisition of Gavs Technologies in February 2025 is limited to Gavs Technologies units in the Middle East (InnovazIT Dubai, Gavs Oman, and Gavs Saudi Arabia) that will be combined on January 5.

Sector Rotations Ahead

Investors are monitoring Q3 earnings for confirmation of momentum during this period of heightened geopolitical tensions. This will allow them to see more clearly how banking resiliency, retail expansion and energy joint ventures support long-term growth trends following a rebound in consumer spending.