Synopsis : Indian equity markets opened the year’s second session on a strong note, with the Sensex rising over 350 points and the Nifty crossing 26,250. Buying interest in auto and defence stocks lifted sentiment, even as foreign portfolio outflows kept investors selective.
Sensex Today | Nifty 50 | Stock Market LIVE Updates:
Indian equities traded firmly higher on Friday, the second trading day of the new year, as investors positioned themselves ahead of the upcoming quarterly earnings season and digested positive global cues. The rally placed benchmark indices on track for a modest weekly gain, despite lingering concerns over continued foreign portfolio investor (FPI) selling.
In early trade, the BSE Sensex jumped around 350 points, while the NSE Nifty 50 climbed above the 26,250 mark, supported by strong gains in select large-cap stocks. Maruti Suzuki and Bharat Electronics (BEL) surged up to 2%, emerging as key contributors to the benchmark rally.
The upbeat start follows a largely flat session on Thursday, when markets ended the first trading day of the year with marginal changes. The Sensex slipped 32 points (0.04%) to close at 85,188.60, while the Nifty added 17 points (0.06%) to settle at 26,146.55, staying comfortably above the crucial 26,100 level. Gains in IT heavyweights had helped cushion losses triggered by a sharp decline in ITC, after the government announced a fresh tax on cigarettes.
What’s Driving the Market Today
Auto and defence stocks witnessed strong buying interest
Earnings season positioning boosted selective accumulation
Positive global cues, especially from Asian markets, supported sentiment
FPIs remain cautious, limiting aggressive risk-taking
Global Market Snapshot
Overnight and early global cues were mixed but largely supportive:
S&P 500 futures rose 0.4%
Australia’s ASX 200 gained 0.2%
Hong Kong’s Hang Seng surged 2.2%
Euro Stoxx 50 futures declined 0.6%
Overall, the market tone remains constructive yet selective, with investors focusing on stock-specific opportunities as corporate earnings and global developments take centre stage.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks; readers should consult a certified financial advisor before making any investment decisions.
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