Sensex rises 500 points after flat start to new year, Nifty crosses support level

Stock Market Today: After a flat start on the first day of the new calendar year, Sensex rose 500 points while Nifty reclaimed the support level of 23700. It is noteworthy that stock markets are closed globally on the first day of the new year. Today is a public holiday in most of the Asian stock markets including US, UK, Korea, China, France, Germany, European stock markets.

After opening in the green zone, the Sensex fell 200 points to 77898.30. However, at 11.17 am it jumped 500 points to 78637.71. Which was trading with an improvement of 275.10 points at 12.08. Nifty is trading at 23716.10, up 71.30 points.

All sectors except metal-realty in green zone

Among the top 13 sector indices traded in the stock market, almost all the indices except metal and realty are trading in the green zone. Till the time of writing the news, metal index was trading down by 0.44 percent and realty index was down by 0.89 percent. With the beginning of the new year, investors’ focus will now be on inflation challenges and rate cuts by the Federal Reserve. In view of America’s new economic policies after Trump’s appointment, foreign investors are currently adopting a wait and see policy for new investments. In January, all eyes will be on third quarter corporate results and the Union Budget.

Position of shares on Nifty50 (as of 12.30 noon)