Stock Market Highlights: Sensex Kicks Off 2025 With Over 350-Point Gain; Nifty Settles Around 23,750
Nifty ended 0.4% or 98.10 points higher at 23,742.90 and Sensex closed 0.47% or 368.40 points higher at 78,507.41. Intraday, both the indices had gained more than 0.7%.
Benchmark equity indices of India came out of their two-day decline and closed higher on the first trading day of 2025 as heavyweights led the gains alongside automobile stocks, which reacted to their December sales data.
Nifty ended 0.4% or 98.10 points higher at 23,742.90 and Sensex closed 0.47% or 368.40 points higher at 78,507.41. Intraday, both the indices had gained more than 0.7%.
"The positive divergence in the RSI played well and for the reversal to gain further strength, the Index needs to surpass the resistance zone between 23,850-23,900, where the 200-day moving average (DMA) lies," said Aditya Gaggar, director of Progressive Shares. "On the downside, the support seems to be at the 23,560 levels."
Shares of HDFC Bank Ltd., Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., Reliance Industries Ltd., and Maruti Suzuki Ltd. contributed the most to the gains.
While those of Hindalco Industries Ltd., Tata Steel Ltd., Dr Reddy's Laboratories Ltd., Adani Ports & SEZ Ltd., and Oil & Natural Gas Corp. Ltd. weighed on the Nifty.
Most sectoral indices rose with Nifty Auto leading.
Market breadth was skewed in favour of buyers. Around 2,747 stocks advanced, 1,237 stocks declined, and 86 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. BSE Midcap and Smallcap ended 0.50% and 1.03% higher, respectively.
On BSE, 19 sectors advanced, and two declined. The BSE Auto advanced the most, and the BSE Realty declined the most.
