Indian Equity Markets Ring in the New Year with a Massive 1,436-Point Surge
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Mumbai, Jan 2 (NationPress) After a slow start, the Indian equity markets welcomed 2025 with a significant surge on Thursday, climbing over 1,400 points, or 1.83 percent, as auto stocks experienced a robust rally fueled by strong car sales data for December.
The Nifty auto index surged by 3.79 percent.
The Sensex closed at 79,943.71, rising by 1,436.30 points, or 1.83 percent, while the Nifty finished at 24,188.65, up by 445.75 points, or 1.88 percent.
During the trading session, Sensex reached an intra-day high of 80,032.87, and Nifty peaked at 24,226.70.
The Nifty Bank index concluded at 51,605.55, increasing by 544.95 points, or 1.07 percent. The Nifty Midcap 100 index finished at 58,108.20 after gaining 657.30 points, or 1.14 percent, while the Nifty Smallcap 100 index closed at 19,080.35, rising by 120.55 points, or 0.64 percent.
On the Bombay Stock Exchange (BSE), 2,400 shares ended in the green, while 1,571 shares were in the red, and 115 shares showed no change.
Sector-wise, there was significant buying activity in the Auto, IT, Consumption, Financial Services, FMCG, and Realty sectors on the NSE.
Market analysts indicated that a surge in momentum was observed in the domestic market, driven by optimism regarding the forthcoming earnings season set to begin next week. The rally was widespread, with most sectoral indices reporting gains.
"The auto sector dominated the market, showcasing the strongest momentum due to impressive December sales that surpassed the typical seasonal demand slump. Banking and IT stocks also performed admirably as the economy showed signs of recovery in Q2," an expert noted.
In the Sensex roster, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, Titan, M&M, Infosys, HCLTech, Zomato, UltraTech Cement, Kotak Mahindra Bank, and IndusInd Bank stood out as top gainers. In contrast, Sun Pharma was the only major loser.
Foreign Institutional Investors (FIIs) sold equities worth Rs 1,782.71 crore on January 1, while domestic institutional investors purchased equities worth Rs 1,690.37 crore on the same day.
