Indian stock markets started the new year on a strong note as the Sensex surged by 1,400 points and the Nifty ended around 24,200 on January 2, driven by broad-based buying across sectors.
Sensex closed at 79,943.71, reflecting an increase of 1,436.30 points. Meanwhile, the Nifty ended at 24,188.65, up by 445.75 points or 1.88 percent.
Both indices also registered significant intra-day highs, with the Sensex touching 80,032.87 and the Nifty reaching 24,226.70.
Banking stocks performed well, with the Nifty Bank closing at 51,605.55, up by 544.95 points or 1.07 percent. The broader markets also displayed strength; the Nifty Midcap 100 index rose 657.30 points, or 1.14 percent, to end at 58,108.20, while the Nifty Smallcap 100 index gained 120.55 points, or 0.64 percent, to close at 19,080.35.
Market breadth was positive on the Bombay Stock Exchange (BSE), with 2,400 stocks ending in the green compared to 1,571 in red, while 115 stocks remained unchanged. Sectoral performance showcased widespread buying interest across the board. The Auto, IT, Consumption, Financial Services, FMCG, and Realty sectors led the charge on the NSE, further fueling the market’s momentum.
Among the top performers in the Sensex pack were Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Titan, M&M, Infosys, HCLTech, Zomato, UltraTech Cement, Kotak Mahindra Bank, and IndusInd Bank. In contrast, Sun Pharma was the sole laggard in the index.
Foreign Institutional Investors (FIIs) sold equities worth Rs 1,782.71 crore on January 1, while Domestic Institutional Investors (DIIs) showed confidence by buying equities worth Rs 1,690.37 crore.