Nifty last close: 24188.65 (+1.88%)
Benchmark indices Nifty and Sensex roared on January 2
Notching their biggest single-day rally since November 22, 2024
Driving this surge were auto stocks, fueled by stellar December sales
Bullish IT sector outlook that injected a fresh dose of optimism into the markets
Sensex was up 1,436.30 points or 1.83 percent at 79,943.71
Nifty was up 445.75 points or 1.88 percent at 24,188.65
Index heavyweight Bajaj Finserv shares rallied 8 percent on January 2 after Citi maintained a bullish view
The IT index cruised over 2 percent after CLSA and Citi said that revenue growth in the sector
While the midcap index traded 1.2 percent higher
Smallcap index traded 0.6 percent in the green
FIIs bought equities worth Rs 1,506 crore on January 2
while domestic institutional bought equities worth Rs 22 crore on the same day
All three major U.S. stocks ended the session in negative territory
Reversal of an earlier rally but off session lows
Dow Jones Industrial Average fell 151.95 points, or 0.36%
S&P 500 lost 13.08 points, or 0.22%
Nasdaq Composite lost 30.00 points, or 0.16%
The US 10-Year Treasury was down 22 bps at 4.55 percent
Dollar Index +0.68% to 109.22
Asian equities showed signs of bucking the dour mood on Wall Street that dragged US stocks lower for a fifth day
Hangseng up 1.2% & Nikkei shut
GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 24220 and 24260
If stays above 24260 will try to move 24350
On other side, Nifty considering a supports 24140 and 24100
Below 24100 finding a next support around 24030 and 23940
Updated: 08.56 am / 03rd Jan 2025
