The domestic stock market made a strong comeback on Thursday in the new year. The benchmark Sensex of the Bombay Stock Exchange (BSE) jumped 1,436.30 points or 1.83 percent to close at 79,943.71 and the Nifty of the National Stock Exchange (NSE) rose 445.75 points or 1.88 percent to close at 24,188.65. In today's trade, about 2312 stocks rose, 1496 stocks declined and 108 stocks remained unchanged. Apart from this, Bajaj Finserv, Eicher Motors, Bajaj Finance, Maruti Suzuki, Shriram Finance were the top gainers in the Nifty, while Britannia Industries, Sun Pharma were the losers.

Midcap and smallcap indices strengthened

On Thursday, the BSE midcap and smallcap indices rose by one percent each. The auto index rose by 3.5 percent and the IT index by 2 percent. Apart from this, all sectoral indices closed in the green. Today's rise in the market has been seen due to strong buying in banking and IT stocks, positive expectations of upcoming quarterly earnings and supportive technical outlook. This rise was seen in almost all sectors, with great interest in pharma, FMCG and energy stocks.

Image Source : BSE

Status of shares of 30 main companies listed on BSE on Thursday.

Manufacturing activity remained weak in December

Manufacturing activity in India recorded its weakest growth since 2024 in December. The manufacturing purchasing managers' index (PMI) fell to 56.4 from 56.5 in November. The data indicated weak demand in the sector despite easing cost pressures and strong job growth.

The condition of rupee is bad

The rupee fell 9 paise to close at 85.73 (provisional) against the US dollar on Thursday as strong demand for the US dollar from importers and foreign fund outflows weighed on investor sentiment. Forex traders said the dollar gained against most currencies during 2024 and will remain strong this year as well. Persistent foreign fund outflows further weighed on investor sentiment. Also, global markets are expected to trade less as major economies like Europe are in holiday season. The rupee opened on a weak note at the interbank foreign exchange market and hit a low of 85.79 and a high of 85.68 during the day against the US currency.

How was the market trend in the Asian market

Global stock markets were mixed on Thursday. The Chinese benchmark fell more than 2%. France's CAC 40 fell 0.5% to 7,346.33, while Germany's DAX rose 0.2% to 19,947.91. Britain's FTSE 100 was nearly unchanged at 8,174.85. Futures for the S&P 500 and Dow Jones Industrial Average were 0.4% higher. Investors around the world are wary of what US President-elect Donald Trump might do once he takes office, including raising tariffs on imports from China and other Asian countries. The Shanghai Composite Index fell 2.7% to 3,262.56 and the Hang Seng in Hong Kong dropped 2.2% to 19,623.32.