Stock Market Rally Highlights: Thursday, January 2, 2025
The stock market began 2025 on a high note, with benchmark indices BSE Sensex and NSE Nifty50 continuing their upward momentum. On Thursday, both indices posted impressive gains, closing over 1.5% higher for the day.
The BSE Sensex surged to a high of 80,032.87 during intraday trading before settling at 79,943.71, marking a gain of 1,436.30 points or 1.83%. Similarly, the NSE Nifty50 ended the session at 24,188.65, up 445.75 points or 1.88%. The Nifty50 traded within a range of 24,226.70 to 23,751.55 throughout the day.
This marks the second consecutive session of gains for the benchmark indices, signaling a strong start to the year for Dalal Street.
Key Market Highlights:
- Broad-Based Gains: Bulls dominated the market as all Nifty50 stocks, except Sun Pharma and Britannia, ended in the green. Gains extended up to 8.55% for the best-performing constituents.
- Midcap and Smallcap Indices: The broader markets mirrored the benchmarks, with the Nifty Midcap100 index rising 1.14% and the Nifty Smallcap100 index gaining 0.64%.
- Sectoral Performance: All sectoral indices, barring the Nifty Media index, closed with gains. Leading the rally were:
Nifty Auto: Up 3.79%.
Nifty IT: Up 2.10%.
Other strong performers included Financial Services, Consumer Durables, and Oil Marketing Companies (OMCs).
The stock market’s bullish momentum signals optimism among investors as 2025 begins, with sectors like Auto and IT setting the pace for the year ahead.
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Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers, and overall performance does not assure destiny outcomes. Conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.
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