On Friday, Jan 2, Indian shares jumped over 0.7% as investors grew hopeful about upcoming third‑quarter earnings and strong December auto sales.
Market Overview
The Sensex closed at 85,762 points, up 573 points (0.67%). The Nifty 50 hit a fresh all‑time high of 26,340 during the day and settled at a record 26,328 points, up 182 points (0.70%). Mid‑cap and small‑cap indices also rose, gaining 0.97% and 0.79% respectively.
Overall market value rose by more than ₹4 lakh crore, pushing the total market‑cap of BSE‑listed companies above ₹481 lakh crore.
Top Gainers in the Nifty 50
- Coal India – up 7.15%
- NTPC – up 4.56%
- Hindalco Industries – up 3.53%
Top Losers in the Nifty 50
- ITC – down 3.78%
- Kotak Mahindra Bank – down 1.26%
- Nestle India – down 1.13%
Sector Performance
All major sectors finished higher except FMCG, which slipped 1.19%. Notable winners:
- Realty – +1.52%
- PSU Bank – +1.50%
- Metal – +1.47%
- Consumer Durables – +1.17%
- Auto – +1.13%
The Nifty Bank index touched a record high of 60,204 before closing 0.74% higher at 60,151.
Most Traded Stocks
- Vodafone Idea – 144.6 crore shares
- Ola Electric Mobility – 28.5 crore shares
- Filatex Fashions – 19.4 crore shares
Stocks Surging Over 15% on the BSE
- Robust Hotels
- Naksh Precious Metals
- Shalimar Paints
Market Breadth
Out of 4,371 BSE‑listed stocks, 2,772 advanced while 1,449 fell; 150 stocks showed no change.
52‑Week Highs and Lows
- 185 stocks, including Reliance, SBI, Maruti and L&T, hit 52‑week highs.
- 83 stocks, such as ITC and Vedant Fashions, slipped to 52‑week lows.
Technical Outlook for the Nifty
Key support levels are around 26,250 and 26,100. As long as the index stays above these points, the upward trend is likely to continue, with potential upside toward 26,500‑26,700. A fall below 26,100 could weaken the rally.
Takeaway
Positive global cues, solid auto sales, and optimism about Q3 earnings helped lift Indian equities to new highs. The market appears ready for more gains, but investors should watch support levels closely.
Disclaimer
Remember, this is just an overview, not a prediction. Do your own research or talk to a certified financial adviser before making any investment decisions.