Nifty, Sensex opens in green driven by financial services and IT, continuing New Year’s rally

The stock market opened in the green on Thursday, January 2. This was in contrast to the significant gains it made around the closing time of the previous trading session.

The uptick was generated mostly by IT and financial services stocks. At 9:30am, the benchmark BSE Sensex was up by 59.16 points or 0.08%, reaching 78,566.57.

Meanwhile, the broader NSE Nifty was up by 28.20 points or 0.12%, reaching 23,771.10.

Which stocks rose the most?
Among the 30 Sensex stocks, Bajaj Finance Ltd rose the most at 2.40%, trading at ₹7103.35. This was followed by Kotak Mahindra Bank Ltd which was up 1.81%, trading at ₹1820.50, and Bajaj Finserv Ltd which rose 1.50%, trading at ₹1600.30.

Which sectors rose the most?
Among the Nifty Sectoral Indices, Nifty Financial Services Ex-Bank rose the most by 0.84%, reaching 25,543.90. This was followed by Nifty IT, which was up by 0.37%, reaching 43,533.15, and Nifty Financial Services 25/50 which was up 0.29%, reaching 25,298.75.

Nifty Auto which rose the most yesterday, driven by Maruti Suzuki India Ltd and Mahindra & Mahindra Ltd, was just at 23,173.40, which is just a 0.15% rise today.