Indian stock markets began the New Year trading session with subdued performance, closing nearly unchanged. Analysts anticipate the Nifty index may soon break its consolidation phase, with a potential move towards 26,500-26,700 if it surpasses 26,200. Investors are advised to consider a buy-on-dips strategy, focusing on banking, auto, and metal stocks. Several companies, including ITC, Devyani International, Hudco, Tata Steel, and KPI Green, are in focus due to specific corporate developments.