Indian equity markets concluded the trading session on January 2 with impressive gains, driven by broad-based buying across sectors. The Sensex surged 1,436.30 points or 1.83% to close at 79,943.71, while the Nifty climbed 445.75 points or 1.88% to settle at 24,188.65.
Market breadth favored the bulls, with 2,312 shares advancing, 1,496 declining, and 108 remaining unchanged. The BSE Midcap and Smallcap indices also posted gains of around 1% each, reflecting strong investor sentiment across the broader market.
All sectoral indices ended in the green, led by a 3.5% surge in the Nifty Auto index and a 2% rise in the IT index.
Bajaj Finserv, Eicher Motors, Bajaj Finance, Maruti Suzuki, and Shriram Finance were among the biggest gainers on the Nifty. On the flip side, Britannia Industries and Sun Pharma closed with minor losses.
The Indian rupee closed 9 paise lower at 85.75 against the US dollar compared to its previous close of 85.64, reflecting slight pressure on the currency amidst robust market activity.
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Jan 02, 2025, 4:01 pm IST
Market Ends on a High Note: Sensex Jumps 1,436 Points, Nifty Nears 24,200
Indian equity markets concluded the trading session on January 2 with impressive gains, driven by broad-based buying across sectors. The Sensex surged 1,436.30 points or 1.83% to close at 79,943.71, while the Nifty climbed 445.75 points or 1.88% to settle at 24,188.65.
Jan 02, 2025, 2:31 pm IST
Vishnu Prakash R Punglia Secures Rs 43.3 Crore Road Construction Project in Rajasthan
Vishnu Prakash R Punglia has been declared the lowest bidder and received approval from the competent authority for Rs 43.3 crore project. The contract involves constructing a two-lane bypass with paved shoulders, including a new railway overbridge (ROB), connecting Mandal town (District Bhilwara) to NH-158 and NH-48 in Rajasthan. The project will be executed under the EPC (Engineering, Procurement, and Construction) mode.
Jan 02, 2025, 2:30 pm IST
ITC Shares Rally for Third Consecutive Day Following Hotels Business Demerger
ITC shares continued their upward momentum for the third straight session as the company completed the demerger of its hotels business into ITC Hotels, effective January 1, 2025.
Jan 02, 2025, 12:27 pm IST
Goa Carbon Restarts Operations at Bilaspur Plant
Goa Carbon has announced the resumption of operations at its Bilaspur facility in Chhattisgarh, with production returning to normal levels as of January 1.
Jan 02, 2025, 11:17 am IST
Stock Market Live Updates: Why Auto Stocks Are Rallying Today?
The auto sector emerged as the day’s highlight, fueled by robust sales data reported by major companies. The Nifty Auto, FMCG, and Infra indices posted gains of around 0.5%, driven by investor optimism. On the flip side, indices like Consumer Durables, PSU Banks, and Metals experienced declines, reflecting mixed sectoral trends. Auto stocks led the charge, with Tata Motors, M&M, and Maruti Suzuki contributing significantly. Tata Motors rose over 1% after announcing a modest 1% year-on-year growth in December domestic sales. The company sold 76,599 units during the month, compared to 76,138 units a year ago. Passenger vehicle sales, including electric vehicles, climbed 1% to 44,289 units, while commercial vehicle sales saw a slight dip of 1% to 33,875 units.
Jan 02, 2025, 10:39 am IST
Stock Market Live Updates: Sensex, Nifty Near Day's High
Market extended its rally to trade near its day's high. Currently, Sensex trades at 78,933.97, higher by 426.56 points or 0.54%, which is near its intraday high of 78,989.61. While Nifty 50 performed at 23,870.55, higher by 127.65 points or 0.54%, also near its intraday high of 23,889.60.
Jan 02, 2025, 10:32 am IST
Market Live Updates: Goa Carbon Share Price
Goa Carbon share price rallied by 7% on January 2, after the company resumed operations of its Bilaspur unit.
Jan 02, 2025, 10:32 am IST
Market Live Updates: LNG Stock Falls
Petronet LNG share price nosedived by 5% after it received negative rating from brokerage.
Jan 02, 2025, 9:35 am IST
Market Live Updates: Nifty Traded Up
This 50-scrip benchmark opened at 23,783 higher from January 1st level of 23,742.90. The benchmark in the opening bell of Thursday, January 2, touched an intraday high of 23,812.15.
Jan 02, 2025, 9:35 am IST
Market Live Updates: Sensex Opened Higher
The 30-scrip benchmark opened at 78,657.52, higher from its previous session's 78,507.41. Sensex touched an intraday high of 78,750.36.
Jan 02, 2025, 9:33 am IST
Market Live Updates: Top Bulls And Bears Of Opening Bell
Stocks like Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, Infosys and M&M are top bulls. However, stocks like NTPC, Adani Ports, Sun Pharma, and Bharti Airtel are top bears on Sensex.
Jan 02, 2025, 9:32 am IST
Stock Market Live Updates: Banks, Automobile, NBFCs Push Market Higher
The trend in sectoral indices was mixed with lack of bullish boost. Financial stocks excluding banks were top gainers on NSE, with upside of 1%. Private banks, automobile and NBFCs were top gainers, while FMCG, pharma, realty, and consumer durables stocks were top laggards.
Jan 02, 2025, 9:25 am IST
Stock Market Live Updates: Events today
Japan/ China/ India/ US manufacturing PMI, US initial & continuing jobless claims, US EIA crude oik stock change will be announced on Thursday.
Jan 02, 2025, 9:05 am IST
Market Live Updates: What Will Drive Market Today?
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services: Leading indicators available so far do not indicate a pick up in economic growth. GST collections for December have declined 2.97% MoM indicating continuation of the slowdown. Therefore, Q3 corporate earnings are unlikely to register a rebound. This means investors have to focus on segments which will buck the slowdown like IT, pharma and to some extent financials. Luxury consumption like hotels, jewellery and aviation also are likely to post good results. FIIs are likely to continue with their selling strategy since the dollar remains strong and the U.S. bond yields are attractive enough for FIIs to ignore emerging markets in the near-term. While DII buying can support the market at lower levels, that is not sufficient to take the market higher. For higher market levels we will have to wait for indications of growth and earnings recovery.
Jan 02, 2025, 8:39 am IST
Stock Market Live Updates: Top Picks For January 2nd
Prashanth Tapse, Senior VP (Research), Mehta Equities: This Thursday morning, Gift Nifty climbed in early action, keeping hopes of a 'Santa rally' alive, with the rally period running until Friday, January 3. India's GST collections for December reached Rs 1.77 lakh crore, marking the tenth consecutive month above Rs 1.7 lakh crore and reflecting a 7.3% increase. Dalal Street’s focus is on inflation levels, with hopes that central banks will ease monetary tightening policies in the first half of the year. Optimism remains for long-term investors as key factors like lower interest rates, a strong economy, and lower oil prices support a potential bull market. In stocks, Maruti Suzuki surged 3% on impressive December sales, while Nifty Auto Index was up 1.34%. Top picks include NTPC, SYNGENE, LARSEN, and HCL TECH for short-term gains.
Jan 02, 2025, 8:25 am IST
Stock Market Live Updates: Nifty Above 24,000 Trigger Fresh Buying
Rupak De, Senior Technical Analyst at LKP Securities: the index remained volatile but maintained a positive bias throughout the day. Short-term sentiment appears strong, with the index rising for the second consecutive session. However, the key hurdle remains the index's position below the 200-day moving average (200DMA). The ongoing rally may face resistance around 23,900–24,000. A decisive move above 24,000 could trigger an extension towards 24,500. On the downside, support is seen at 23,550.
Jan 02, 2025, 8:23 am IST
Stock Market Live Updates: Stocks In Focus
Stocks like NMDC, Wipro, South Indian Bank, CSB Bank, Tata Motors, Indian Bank, HDFC Life Insurance, Goa Carbon, and RailTel Corporation, among others are likely to be in focus on Thursday.
Jan 02, 2025, 8:22 am IST
Stocks Live Updates: Market In Previous Session
Sensex closed 368 points, or 0.47%, higher at 78,507.41, while the Nifty 50 gained 98 points, or 0.41%, to settle at 23,742.90.
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