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

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

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.

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   

3:12 PM

Stock Market LIVE Updates: Aeroflex Industries shares gain 4% on capacity boost, and product launch

Stock Market LIVE Updates: Shares of Aeroflex Industries, a manufacturer of iron and steel products, rose 3.74 per cent to reach an intraday high of Rs 214.6 on the BSE during Thursday’s trading session, January 2, 2024. READ MORE

3:03 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty rally to higher levels

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were rallying higher on Thursday as most major global markets returned from the New Year's Day break.

At 3 PM, the BSE Sensex was higher by 1,428.30 points, or 1.82 per cent, at 79,935.71, while the Nifty50 was at 24,186.10, higher by 443.20 points, or 1.87 per cent.

 

2:54 PM

Stock Market LIVE Updates: TVS Motor posts sales growth of 7% YoY in December 2024; 11% rise in Q3FY25

Stock Market LIVE Updates: TVS Motor Company today informed that it has recorded monthly sales of 321,687 units in December 2024, a growth of 7 per cent from 301,898 units sold in December 2023.

The company, in an exchange filing, said that during the third quarter of the current financial year, its two-wheelers sales posted a robust growth of 11 per cent at 11.8 lakh units as against sales of 10.6 lakh units in the third quarter of FY 23-24. 

Three-wheeler sales of the company registered sales of 0.29 lakh units in the third quarter of the current year as against 0.38 lakh units in the third quarter of FY 23-
24. 

Two-wheeler sales include EV sales of 0.76 lakh units in the third quarter of FY 24-25 as against 0.48 lakh units in the third quarter of FY 23-24 with a growth of 57 per cent.

Total two-wheelers registered a growth of 8 per cent, with sales increasing to 312,002 units in December 2024, from 290,064 units in December 2023. 

Domestic two-wheeler registered sales of 215,075 units in December 2024, from 214,988 units in December 2023.

The Company sold 20,171 units in December 2024, up from 11,288 units in December 2023, registering a growth of 79 per cent.

The Company's total exports grew by 22 per cent, to 104,393 units in December 2024, from 85,391 units registered in December 2023. Two-wheeler exports registered a growth of 29 per cent, with sales increasing to 96,927 units in December 2024, from 75,076 units registered in December 2023.

 

2:46 PM

Stock Market LIVE Updates: Indian manufacturing ends strong 2024 with a soft note, Dec PMI at 56.4

Stock Market LIVE Updates: The manufacturing activity in India registered its weakest growth of 2024 in December as the Manufacturing Purchasing Managers’ Index (PMI) fell to 56.4, down from 56.5 in November. The data indicated softer demand in the sector despite easing cost pressures and strong jobs growth.

The HSBC Final India Manufacturing PMI, compiled by S&P Global, showed that while the headline figure was down from 56.5 in November, but remained above its long-run average of 54.1 thereby signalling a robust rate of growth. Both output and new orders - a key gauge for demand - continued to rise last month but the improvement slowed. READ MORE

 

2:45 PM

Stock Market LIVE Updates: EaseMyTrip shares fall 10% in 3 days; Co appoints Rikant Pittie as new CEO

Stock Market LIVE Updates: Easy Trip Planners share price continued to reel under selling pressure for a third straight day on Thursday, January 2, 2025. Easy Trip share, which fell 2.4 per cent intraday today, has tumbled 10.08 per cent in 3 days.

By comparison, the benchmark BSE Sensex has added 1.3 per cent during the period.

The decline in Easy Trip Planners, the owner of Ease My Trip, comes even as the company said it has appointed Rikant Pittie as its new Chief Executive Officer (CEO). READ MORE