January 2, 2025
New Delhi, India
Stock Market Today
On January 2, Indian equities continued their upward momentum for the second consecutive session, with both the Sensex and Nifty seeing significant gains.
- Sensex Performance:
- Closed 1,436 points higher at 79,944, marking a 1.83% increase.
- Intra-day high reached 80,032.87, up by 1.94%.
- Nifty Performance:
- Closed at 24,189.
- Gained 446 points or 1.88%, surpassing key technical levels like the 20-day and 50-day moving averages.
Sectoral Performance
- Top Performers:
- Nifty Auto: +3.5%
- Nifty IT: +2%
- Financials, FMCG, Metal, Oil & Gas, PSU, Realty, and Banking sectors saw gains of 1% each.
- Top Gainers in Stocks:
- Bajaj Finserv, Bajaj Finance, Maruti Suzuki, M&M, Infosys, Titan, Kotak Mahindra Bank, and UltraTech Cement.
- Top Losers in Stocks:
- Britannia Industries, Sun Pharma, Tata Steel, and Power Grid.
Broader Market and Technical Insights
- Midcap and Smallcap:
- Both indices rose by 1% each, with the Midcap Index increasing by 657 points to 58,108.
- Nifty Bank:
- Surged by 545 points to close at 51,605.5, marking a solid performance in the financial sector.
Market Sentiment
The market saw robust participation across sectors, with strong buying in auto, IT, and financial stocks. The broad market indices reflected this trend, supported by significant gains in key companies. Despite the positive momentum, the rupee weakened slightly by 9 paise, closing at 85.73 against the US dollar.
Indian equities are showing resilience, with Sensex and Nifty both posting impressive gains, fueled by optimism in key sectors. As the year progresses, the market outlook remains positive, driven by growth in financial, auto, and IT sectors.
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