Stock Market Today: On the New Year 2025, the stock market improved with attractive growth for the second consecutive day. After gaining 700 points in the morning session, the Sensex rose by over 1000 points in the afternoon session today. Nifty managed to cross the level of 24000 with a jump of 310.25 points. The overall market is trading in a bullish direction with gains in IT and auto stocks. Yesterday Sensex closed 368.40 points higher at 78507.41 and Nifty 50 spot closed 98.10 points higher at 23742.90.
The stock market rose rapidly in the session that started after 12 noon. Sensex jumped 1100 points to reach 79602. At 1.03 am, Nifty was trading at 24069.85, up 326.95 points. Which was above 24082.40. At 11.20 am, Sensex was trading up 656.09 points and Nifty up 199.75 points at 23942.65. Out of total 3992 shares traded, 2242 shares were trading in favor of improvement and 1628 shares were in favor of decline. 288 shares reached upper circuit and 151 shares reached the highest level of the year. On the other hand, 18 shares hit 52-week low and 211 shares hit the lower circuit. Investors’ capital has increased by Rs 4 lakh crore.
Reasons behind the boom in the stock market
1. Increase in GST collection
2. China’s manufacturing growth weakened
3. Optimism that corporate results for the third quarter will be positive
4. Signs of improvement in economic activities
5. Positive technical trend after the correction
Strong buying in IT-techno, auto stocks
Due to less challenges at the global level and the strength of the dollar index, a buying trend has been seen in IT and technology stocks. Of the total 56 stocks traded in the BSE IT index, 40 have registered a rise of up to 10 per cent. Along with this, the index is trading at a rise of 1.40 percent and the technology index is trading at a rise of 1.36 percent. Overall auto sales fell to a four-year low in December. However, the valuation is viewed with hope for reforms to boost the industry in the near future. Auto index was trading with a gain of 1.60 percent today.
