Sensex, Nifty climb in early trade on buying in IT, bank stocks
The Hindu
Sensex and Nifty rise in early trade on January 2, 2025, led by IT and bank stocks; global markets mixed.
Benchmark equity indices Sensex and Nifty climbed in initial trade on Thursday (January 2, 2025) amid buying in frontline IT and bank stocks.
The 30-share BSE benchmark Sensex climbed 242.95 points to 78,750.36 in early trade. The NSE Nifty went up by 69.25 points to 23,812.15.
From the 30 blue-chip pack, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Infosys, HCL Tech, Tech Mahindra, Mahindra & Mahindra and Tata Consultancy Services were the biggest gainers.
NTPC, Sun Pharma, Asian Paints and Adani Ports were among the laggards.
The gross GST collection rose 7.3 per cent year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower.
US markets were closed on Wednesday for New Year holiday.