Sensex Ends 1,436 Points Higher; Nifty Tops 24,150; Bajaj Twins Jump Over 6% – News18
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BSE Sensex and NSE Nifty50 continued their upward movement in 2025, closing over one and a half percent higher on Thursday
Sensex Today.
Sensex Today: Benchmark equity indices BSE Sensex and NSE Nifty50 continued their upward momentum into 2025, both closing over 1.5% higher on Thursday. The 30-share Sensex reached an intraday high of 80,032.87 before settling at 79,943.71, up by 1,436.30 points or 1.83% from its previous close.
Similarly, the NSE Nifty50 ended the day at 24,188.65, rising 445.75 points or 1.88%. The index fluctuated between 24,226.70 and 23,751.55 during the session.
This marks a second consecutive session of gains for the benchmark indices.
Bulls ruled Dalal Street, with all Nifty50 stocks, except Sun Pharma and Britannia, finishing in the green. The gains for the day were led by stocks rising as much as 8.55%.
Broader indices mirrored the benchmarks, with midcap shares leading the charge. The Nifty Midcap100 index ended higher by 1.14%, while the Nifty Smallcap100 index also closed in positive territory, gaining 0.64%.
All sectoral indices, except for the Nifty Media index, closed in the green. Auto and IT stocks were the key drivers, with the Nifty Auto index gaining 3.79% and the Nifty IT index rising 2.10%. Other sectors that saw gains included Nifty Financial Services, Consumer Durables, and OMCs.
Santosh Meena, Head of Research, Swastika Investmart Ltd, said: “The market had been extremely oversold for several days, with FIIs holding heavy short positions in index futures. However, it lacked a trigger for any significant short-covering move. A positive surprise came from auto sales numbers, which beat the low expectations, providing a much-needed catalyst. Additionally, strong deposit growth reflected in quarterly updates from banks added another trigger, helping the market move higher. From a technical perspective, Nifty had been struggling to sustain above its 200-DMA. However, today it not only crossed the 200-DMA effortlessly but also managed to surpass the 50-DMA and 20-DMA levels. This momentum is likely to continue, with the next target being the 100-DMA, around the 24,600 level. Today’s price action suggests that Nifty may have formed a W-bottom formation, indicating a potential bullish reversal.”
Global Cues:
Asian stocks showed a mixed performance on Thursday as several major markets returned to action after the New Year’s Day holiday. South Korea’s Kospi slipped by 0.02%, while the Kosdaq gained 1.01%.
Mainland China’s CSI 300 fell 0.74%, Hong Kong’s Hang Seng Index dropped by 1.78%, and the Shanghai Composite declined 0.46%.
Australia’s S&P/ASX 200 rose by 0.41%, while markets in Japan remained closed on Thursday and Friday due to a Bank Holiday.
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