Stock Market Rally: Bulls party on D-St; Sensex soars 1436 pts, Nifty nears 24,200; auto, IT shine
Markets Today Highlights: Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Sun Pharma and Britannia, ended in the green, with gains extending up to 8.55 per cent
 "Indian markets")
Image: Bloomberg
Stock Market Rally Highlights, Thursday, January 2, 2025: Benchmark equity indices BSE Sensex, and NSE Nifty50 continued their upward movement in 2025, closing over one and a half percent higher on Thursday. After scaling the day's high of 80,032.87, the 30-share Sensex settled at 79,943.71, up 1436.30 points or 1.83 per cent from its previous close.
Similarly, the NSE Nifty50 ended at 24,188.65, up 445.75 points or 1.88 per cent. The index traded in the range of 24,226.70 to 23,751.55 on Thursday.
With this, the benchmark equity indices ended in the green for the second consecutive session.
Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Sun Pharma and Britannia, ended in the green, with gains extending up to 8.55 per cent on Thursday.
Broader indices mirrored the benchmarks, with midcap shares leading the charge as the Nifty Midcap100 index ended higher by 1.14 per cent. The Nifty Smallcap100 index also ended in positive territory with gains of 0.64 per cent.
All the sectoral indices, barring the Nifty Media index, ended with gains. Among them, Auto and IT shares led the rally, with the Nifty Auto index and Nifty IT index closing higher by 3.79 per cent, and 2.10 per cent, respectively. These were followed by Nifty Financial Services, Consumer Durables, and OMCs indices.
3:58 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: It was an exceptional session for market participants, as the benchmark index surged nearly 2 per cent after consolidating within a range for almost two weeks. Following a flat opening, strength in auto and IT heavyweights fueled an early rally, which was later supported by other sectors. As a result, the Nifty ended near the day’s high at 24,188.65. Broader indices also mirrored the positive sentiment, gaining between 0.6 per cent and 1.1 per cent.
This up move has significantly eased the recent pressure, bringing the Nifty closer to its next resistance at the medium-term moving average, the 100-day exponential moving average (DEMA), currently around the 24,250 mark. A decisive breakout above this level could open the door to 24,400. On the downside, it is crucial for the Nifty to sustain above the 24,000 level; failure to do so might lead to a sideways bias again. We continue to emphasize the importance of selective stock picking, prioritizing those with relatively stronger performance.
View by Ajit Mishra – SVP, Research, Religare Broking Ltd
View by Ajit Mishra – SVP, Research, Religare Broking Ltd
3:48 PM
Stock Market LIVE Updates: Market view
Stock Market LIVE Updates: Increased momentum was observed in the domestic market, driven by optimism about the upcoming earnings season starting next week. The rally was broad-based, with most sectoral indices posting gains. The auto sector led the way, showing the strongest momentum due to robust December sales that defied the usual subdued demand. Banking and IT stocks also performed well, as the economy bottomed in Q2.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:43 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: Broader market indices BSE Midcap and Smallcap closed in green.
3:41 PM
Stock Market LIVE Updates: A look at Nifty50 gainers and loser at close
Stock Market LIVE Updates: Eicher Motor, Bajaj Finserv, Bajaj Finance were among the top gainers on Nifty50 at close.
3:38 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Bajaj Finserv, Bajaj Finance, Maruti Suzuki were among the top gainers on Sensex. Here is a heatmap
3:36 PM
Stock Market LIVE Updates: Nifty finished 424.35 pts higher at 24,167.25
Stock Market LIVE Updates: NSE Nifty50 ended 424.35 points or 1.88 per cent at 24,167.25.
3:34 PM
Stock Market LIVE Updates: Sensex closes 1,436.3 pts higher 79,943.71
Stock Market LIVE Updates: BSE Sensex closed 1,436.3 points or 1.83 per cent higher at 79,943.71.
3:29 PM
Stock Market LIVE Updates: This SME stock surges 98% in 2 months; zoomed 839% against issue price
Stock Market LIVE Updates: Afcom Holdings share’s dream run continued on the BSE, with the stock hitting a new high at Rs 1,014.65; frozen at the 5 per cent upper circuit in Thursday’s intra-day trade. The market price of the SME (Small and Medium Enterprises) company was trading higher for the fourth straight day, surging 17 per cent during the period. Within the last two months, the stock has been nearly doubled from levels of Rs 435 on November 14, 2024. READ MORE
3:23 PM
Stock Market LIVE Updates: Maruti, Eicher Motors: Can auto stocks sustain the rally? Chart check here
Stock Market LIVE Updates: Auto shares have rallied smartly in the last two trading sessions after automobile companies reported strong sales for December 2024. On Thursday, the Nifty Auto index was the top gainer, up over 2 per cent while the NSE benchmark Nifty 50 index jumped 1.3 per cent. READ MORE
3:18 PM
Stock Market LIVE Updates: CreditAccess Grameen shares soar 10% on Jan 2 on heavy volume
Stock Market LIVE Updates: CreditAccess Grameen share price today soared 9.6 per cent on the National Stock Exchange (NSE). CreditAccess shares hit an intraday high of Rs 977 per share, rising by Rs 86.1 during the day. READ MORE
Topics : MARKET WRAP MARKET LIVE MARKETS LIVE stock market trading Markets Sensex Nifty S&P BSE Sensex BSE Sensex sensex nifty NSE Nifty Nifty50 Nifty 50 BSE NSE equity BSE NSE Gift Nifty Indian stock markets Global stock markets Chinese stock market US stock markets Indian equities US equities Asian markets Indian markets US markets IPO GMP
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 02 2025 | 8:10 AM IST