Sensex extends winning streak, Up 1,436 pts, Nifty above 24,150

The domestic share market indices ended on a positive note on Thursday, outperforming weaker Asian markets, as financials, autos, and IT stocks rallied ahead of the quarterly earnings season, supported by brokerages highlighting robust asset quality and favorable valuations. At close, the Sensex was up 1,436.30 points or 1.83 percent at 79,943.71, and the Nifty was up 445.75 points or 1.88 percent at 24,188.65. About 2,312 shares advanced, 1,496 shares declined, and 108 shares unchanged.
Bajaj Finserv, Eicher Motors, Bajaj Finance, Maruti Suzuki, Shriram Finance were the biggest gainers on the Nifty, while losers included Britannia Industries, Sun Pharma. On the sectoral front,all the sectoral indices ended in the green with auto index up 3.5 percent and IT index up 2 percent. BSE Midcap and Smallcap indices added a percent each.
Rupee Close:
On 02 Jan'25, the Indian rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday , weighed down by the significant uptrend in the dollar index and US 10-year bond yields.
Forex traders reportedly stated the dollar gained against most currencies during the year 2024 and continued to remain on a strong footing this year. Moreover, persistent foreign fund outflows further dented investors' sentiments. Additionally, global markets are expected to see low volumes as the holiday season is underway in major economies like the UK and Europe.
Trading Guide:
Market experts have recommended five stocks to buy today- Voltas Ltd, Mahindra & Mahindra, Texmaco Rail & Engineering Ltd, Bharti Airtel Ltd and NCC Ltd.

(Business Correspondent)