SENSEX up 200 pts in early trade, NIFTY50 stays above 24,000; IT, consumer durable stocks rally

At 9:33 AM, the S&P BSE SENSEX was trading at 79,427.01, up 203.90 points, or 0.26%, while the NSE's NIFTY50 index was trading at 24,055.80, up 51.05 points, or 0.21%.

Out of 50 components in the NIFTY50 index, 28 were trading in the red, 21 in the green, and the remaining 2 were unchanged.

Stocks in news

Shares of Jubilant FoodWorks rose as much as 4.5% to hit a 52-week high of ₹793.20 apiece on the BSE on Monday, January 6, as the company released its business update for the quarter ended December 31, 2024 (Q3 FY25).

The company said its consolidated revenue from operations (provisional) came in at ₹2,153.2 crore, higher by 56.2% year-on-year (YoY).

In the early trade, the stock rose as much as 17.6% to ₹18.25 per share on the National Stock Exchange (NSE). At 9:30 am, it was up 6% to ₹16.45 apiece.

Broader Market

The BSE MidCap index was trading at 46,655.28, down 280.80 points, or 0.60%, while the BSE SmallCap index was trading at 55,816.03, down 300.18 points, or 0.53%.

Global Markets

Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that should underline the relative outperformance of the United States and support the dollar's ongoing bull run.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6%, having lost 1% last week.

Japan's Nikkei returned from holiday to drop 1.1%, pressured partly by a rise in JGB yields to the highest since 2011. South Korean stocks rallied 1.1%, though the fate of President Yoon Suk Yeol seems no clearer.

Chinese blue chips dipped by 0.4%, even as a survey showed that service activity expanded at the fastest pace in seven months in December.