The benchmark index ended with a strong rally of 1.8%, closing at 79,943. Positivity was felt throughout the day with sectors having made a series of subdued performance during the prolonged phase.
The Nifty 50 ended at INR 24,188 up significantly as the key stocks rose substantially. It was, however, led by a rise of nearly 8% in Eicher Motors, followed by Bajaj Finserv that rose by over 7%. Gains of more than 6% were reported by Bajaj Finance while Maruti rose by 5%. The stocks which supported the rise include Shriram Finance, Titan, and M&M.
The Nifty Bank index went up by more than 1%, settling at 51,605. Punjab National Bank and IndusInd Bank were the leading giants that crossed a rally of more than 2%. Support came from Federal Bank, Kotak Bank, Axis Bank, and SBI, leading to the positive momentum seen in the banking sector.
Nifty Next 50 closed at INR 69,103 with a growth of over 1.25%. Chola Finance gained 7%, followed by Shree Cements, which grew over 4%. Tata Motors and Motherson added 4% and 3%, respectively. The other positive contributors of the day were Zomato, PNB, and REC Ltd, which together helped boost the index’s performance.
The BSE 200 index closed at INR 11,156, with a gain of 1.64%. Eicher Motors and Bajaj Finserv led the pack with more than 8% and 7% gains, respectively. Chola Finance and Bajaj Finance were up by 7% and 6%, respectively. Oil India, Ashok Leyland, and Maruti also contributed to the upward momentum of the index.
The markets experienced a good trend today with all major indices ending in the positive zone after quite some time. The Sensex is up over 1%, showing a turn in fortunes. Stocks in the Bajaj group, Bajaj Finserv and Bajaj Finance, became significant positives to infuse confidence in investors.
Also read: SEBI introduced a streamlined filing system to ease compliance.
Published on: January 2, 2025 at 9.45 PM GMT.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Tomorrow 3rd January is celebrated as International Mind Body Wellness Day!
As stated in Bhagavad Gita :
कर्मणा सदा कर्म योगं त्यजेत्।
One should always perform their duty without attachment.
84th All India Industrial Exhibition
The popular Numaish, the 84th All India Industrial Exhibition, opens in Hyderabad today. A wide array of products and innovations will be featured at the event, attracting a national audience.
