New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

Closing Bell

Indian equities kicked-off new calendar year 2022 on a solid note as fresh record highs in the global markets bolstered domestic investors' confidence. The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5.

The S&P BSE Sensex opened with tepid gain of less than 100 points, but gained strength during the day to hit a high of 59,266. It, eventually, settled 929 points higher at 59,183 levels with 26 of the 30 index constituents ending the session in the green.

It's NSE counterpart,