Stock Market Today: Sensex Jumps 1,436 Points, Nifty Over 24,180

Stock Market Today: The market rally boosted investors' wealth by approximately Rs 5.8 lakh crore, as the market capitalisation of BSE-listed companies climbed to Rs 450.32 lakh crore

Stock Market Today: Among the top gainers on the BSE Sensex were Bajaj Finance, Bajaj Finserv, Maruti Suzuki, Titan and M&M. In contrast, Sun Pharma was the only loser

Source : ABPLIVE AI

Stock Market Today: The Indian benchmark indices extended their winning streak on the second day of the new calendar year, with the Nifty crossing 24,200 intraday, driven by broad-based buying across sectors, particularly in auto stocks following positive December sales figures. 

At the close of trading, the Sensex surged by 1,436.30 points, or 1.83 per cent, to reach 79,943.71, while the Nifty gained 445.75 points, or 1.88 per cent, to settle at 24,188.65.

The market rally boosted investors' wealth by approximately Rs 5.8 lakh crore, as the market capitalisation of BSE-listed companies climbed to Rs 450.32 lakh crore, up from Rs 444.43 lakh crore in the previous session.

Among the top gainers on the BSE Sensex were Bajaj Finance, Bajaj Finserv, Maruti Suzuki, Titan and M&M. In contrast, Sun Pharma was the only loser.

The BSE Midcap and Smallcap indices each gained 1 per cent on the day. All sectoral indices closed in the green, with the Auto index leading the way, up 3.5 per cent, followed by the IT index, which rose by 2 per cent. Other sectors, including FMCG, Metals, Oil & Gas, PSU, Realty, and Banks, each saw an increase of 1 per cent.

Nearly 170 stocks hit their 52-week highs on the BSE, including Eicher Motors, Lloyds Metals, M&M, PB Fintech, BLS International, Ipca Labs, Firstsource Solutions, Jubilant FoodWorks, United Spirits, Kalyan Jewellers, Anant Raj, Muthoot Finance, Coromandel International, Lupin, Welspun Corp, Laurus Labs, and Lemon Tree, among others.

Ajit Mishra – SVP, Research, Religare Broking, said, "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."