Sensex, Nifty surge nearly 2% on buying in financial, IT stocks
The Hindu
Sensex jumps 1,436 points to two-week high on financial, auto, and IT shares; Nifty surges 445 points.
Benchmark Se nsex rallied 1,436 points to close at a two-week high on Thursday (January 2, 2025) on buying in financial, auto and IT shares.
The 30-share BSE benchmark Sensex jumped 1,436.30 points or 1.83% — its best single-day gain in more than a month — to settle at 79,943.71. During the day, it soared 1,525.46 points or 1.94% to 80,032.87.
The NSE Nifty surged 445.75 points or 1.88% to 24,188.65.
From 30 Sensex shares, Bajaj Finserv jumped nearly 8% while Bajaj Finance soared over 6%. Maruti, Titan, Mahindra, Mahindra & Mahindra, Infosys, HCL Tech, Zomato, UltraTech Cement and Kotak Mahindra Bank were the other major gainers.
Sun Pharma emerged as the only laggard.
The gross GST collection rose 7.3% year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds.
India's manufacturing sector growth fell to a 12-month low in December, as new business orders and production expanded at softer rates, a monthly survey said on Thursday (January 2, 2025).