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Sensex, Nifty open in green, driven by banking stocks after flat end yesterday

The stock market opened into the green on Friday, December 27, 2024, driven primarily by banking stocks, in sharp contrast to the flat previous trading session

Published on: Dec 27, 2024 10:06 AM IST
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The stock market opened in the green on Friday, December 27, driven primarily by banking stocks. This sharply contrasted with the previous trading session, a day after Christmas, where the indices closed mostly flat.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023 (Niharika Kulkarni/Reuters)
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023 (Niharika Kulkarni/Reuters)

At 9:30am, the benchmark BSE Sensex was up by 298.06 points or 0.38%, reaching 78,770.54.

Meanwhile, the broader NSE Nifty was up by 88.10 points or 0.37%, reaching 23,838.30.

Also Read: Fixed deposit interest rates across banks: See list of FD rates up to 7.4%

Which stocks rose the most?

Among the 30 Sensex stocks, Tata Motors rose the most at 1.87%, trading at 754.65. This was followed by IndusInd Bank, up 1.48%, trading at 945.90, and Mahindra & Mahindra Ltd, up 1.47%, trading at 3,020.50.

Which sectors rose the most?

Among the Nifty Sectoral Indices, Nifty Pharma rose the most by 0.49%, reaching 22,824.95. This was followed by Nifty Private Bank, which was up by 0.48%, reaching 24,917.30, and Nifty Bank which was up 0.46%, reaching 51,406.25.

This comes after markets had closed completely flat after the trading session ended on Thursday, December 27, 2024.

The Sensex closed just 0.39 points into the red, reaching 78,472.48, which has been read as a 0.00% change.

Meanwhile, the Nifty had closed 22.55 points or 0.1% into the green, reaching 23,750.20.

Also Read: How will sale of used cars will be taxed under new GST rules? A simple guide

 
ABOUT THE AUTHOR
Abhyjith K. Ashokan

Deeply passionate about writing, Abhyjith works as a business journalist covering corporates, markets, the economy, and policy - forces that in many ways, shape the world and pave the path for intriguing storytelling. For him, breaking news is a high that only gets matched by the adventures of the open road; both of which he deems essential to what matters at the end of the day. The story.

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