Indian Stock Market on 02.01.25

The equity markets kicked off 2025 on a strong note, with the Sensex climbing 1,436 points to close at 79,944 and the Nifty adding 446 points to settle at 24,189. Both indices rose nearly 2%, driven by stellar performances in IT and auto stocks. Intraday, the Sensex breached the 80,000 mark, while Nifty reclaimed 24,200, surpassing key technical levels, including its 20-day and 50-day moving averages. Sectorally, Nifty Auto led the charge, surging nearly 4%, while Nifty Media was the only laggard. Auto giants like Eicher Motors soared nearly 9% to an all-time high, and Maruti Suzuki posted its best single-day gain since July 2024. Bajaj Finserv and Bajaj Finance rallied around 7% each, supported by favorable broker outlooks. Broader market sentiment remained optimistic, with 48 of the Nifty 50 stocks advancing. Investor wealth increased by ₹6 trillion as the indices broke through resistance levels, including the Nifty’s 200-day moving average. Globally, Euro Stoxx 50 and Nasdaq 100 futures rose over 0.5%, signaling a tech rebound. Meanwhile, crude oil prices climbed, with Brent trading above $75 a barrel amid reports of shrinking US crude stockpiles and bullish technical indicators. Gold prices also saw a modest uptick, with gold priced at ₹7,818.3 per gram in India, reflecting a ₹460 rise. Silver remained stable at ₹93,500 per kg.