Market Wrap, January 2: Happy New Year, indeed, as SENSEX, NIFTY50 post best session in 6 weeks; investor wealth surges by ₹6 lakh crore

It was the best session for the headline indices in six weeks.

Encouraging auto sales numbers for December and hopes that IT behemoth Infosys will raise its revenue guidance in the Q3 results announcement were positive triggers that propelled the stocks to impressive highs.

At close, the S&P BSE SENSEX stood at 79,943.71, up 1,436.30 points, or 1.83%, while the NSE's NIFTY50 index ended at 24,188.65, up 445.75 points, or 1.88%.

Gainers & Losers

Out of 50 components in the NIFTY50 index, 48 advanced, and 2 declined.

The top five gainers on the benchmark index were Eicher Motors, Bajaj Finserv, Bajaj Finance, Maruti Suzuki India, and Shriram Finance.

The two losers were Sun Pharma and Britannia Industries.

Market Statistics

Out of 4,086 stocks traded on the BSE, 2,395 gained, while 1,574 declined, and 117 stocks remained unchanged.

As many as 173 stocks hit their 52-week highs on the BSE, and 25 stocks touched their 52-week lows.

Further, as many as seven stocks hit their upper circuit limits, and three stocks hit their lower circuit bands.

The market capitalisation of BSE-listed firms or investor wealth jumped by over ₹six lakh crore to ₹450.44 lakh crore.

Buzzing Stocks

With today's rally, the stock of the auto major has risen over 8% in two days.

Overall domestic sales, including those of light commercial vehicles and supplies to Toyota Kirloskar Motor, were at 132,523 units last month as against 106,492 units in December 2023, up 24.44%, Maruti Suzuki India (MSI) said in a regulatory filing.

The stock climbed as much as 9% to a record high of ₹5,330 per share on the National Stock Exchange.

Royal Enfield recorded monthly sales of 79,466 motorcycles in December 2024, reflecting a 25% jump from 63,387 units sold in the same month in the previous financial year.

It exported 11,575 motorcycles in the month under review as against 6,096 a year back, translating to a 90% year-on-year growth.

The stock price ended at ₹5,303.00, up 8.55%.

The new timeline for the implementation of these rules is now April 1, 2025, according to these reports.

Broader Market

The BSE MidCap index was trading at 47,091.91, up 417 points, or 0.89%, while the BSE SmallCap index ended at 56,127.20, up 377 points, or 0.68%.

Sector Watch

All the sectoral indices ended in the green, with auto stocks leading the pack.

The BSE AUTO index ended at 54,212.66, up 1,911.80 points, or 3.66%.

The BSE Information Technology index was settled at 44,259.57, up 1,000.15 points, or 2.31%.