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Mkts up nearly 2%, investors richer by ₹6L cr
The New Indian Express Kannur
|January 03, 2025
Robust performance by auto companies in December further bolstered buying sentiment, fuelling the rally
DOMESTIC equity markets surged on Thursday, the second trading session of 2025, driven by optimism over improved third-quarter earnings. Robust performance by auto companies in December further bolstered buying sentiment, fueling the rally.
Benchmark indices, BSE Sensex and NSENifty50, gained about 2% with the former breaching the 80,000 mark in intraday deals. At close, the Sensex was up 1,436.30 points or 1.83% at 79,943.71, and the Nifty surged 445.75 points or 1.88% to close at 24,188.65.
The sharp rally added more than ₹6 lakh crore to investors' kitty as the market capitalization of all BSE listed companies grew from ₹445.94 lakh crore on Wednesday to ₹452 lakh crore on Thursday. Foreign institutional investors (FIIs) also joined the party as they were net buyers (purchased shares worth ₹1,507 crore) on Thursday.
All the sectoral indices closed in the green. The auto index, led by heavyweight Maruti Suzuki, zoomed 3.5% and the IT index was up 2%.
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