new Delhi : On the first day of the new calendar year, the domestic stock market opened up. Sensex and Nifty gained momentum in early trade due to buying in shares of automobile and banking companies. At 09:54 am, the 30-share BSE Sensitive Index was trading up by 163 points, or 0.34 per cent, to a level of 47,915.03. Sensex closed at the level of 47,751.33 points in the previous session. In the last trading session of the week, Sensex opened with a gain of 47,785.28 points.
NSE Nifty was trading at a level of 14,026.00 points with a gain of 44.25 points i.e. 0.32 percent at 10:07 am.
At 09:54 am on Sensex, Mahindra & Mahindra shares saw the highest gain of 1.97 percent. Similarly, State Bank shares rose 1.18 percent. Apart from these, TCS, HDFC, Infosys, Ultratech Cement, ITC, Bajaj Finance, Larsen & Toubro, Maruti, Bajaj Auto, HDFC Bank, ONGC, Kotak Mahindra Bank, Doctor Reddy’s, Tech Mahindra, IndusInd Bank, Axis Bank, HCL Tech, Reliance , Bharti Airtel and Bajaj Finjarv were trending with a green mark.
On the other hand, Sun Pharma, NTPC, PowerGrid, Asian Paint, Hindustan Unilever Limited, Titan, ICICI Bank and Nestle India were trending with red marks.
Foreign portfolio investors (FPIs) have been the major drivers of booming Indian stock markets. According to provisional data available on the stock market, foreign portfolio investors bought shares worth Rs 1,135.59 crore on a net basis on Thursday.
In the calendar year 2020, the Sensex saw a jump of 15.7 percent while the Nifty saw a surge of 14.9 percent.
US markets also closed at record highs on the last day of the year, affected by Kovid-19 on Thursday.