...
...
Next Story

Stock market opens in the green after Christmas, driven by banking stocks

Though the Indian stock market is open, major markets around the world including those in Europe as well as others in Asia will still remain shut on December 26

Updated on: Dec 26, 2024 09:53 AM IST
Advertisement

The stock market opened and went into the green on Thursday, December 26, a day after Christmas, mostly driven by banking and financial services shares.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

Though the Indian stock market is open today, major markets around the world, including those in Europe as well as others in Asia, will still remain shut.

At 9:30am, the benchmark BSE Sensex rose by 354.73 points or 0.45%, reaching 78,827.60.

Also Read: Here's how the new GST policy on used cars will affect both individuals and businesses

Meanwhile, the broader NSE Nifty rose by 98.45 points or 0.41%, reaching 23,826.10.

Maruti Suzuki India Ltd rose the most in the Sensex, going up by 1.16%, trading at 10,860.35 at the same time. This was followed by SBI which was up 1.09%, trading at 820.70, and Axis Bank which was up 1.07%, trading at 1,090.95.

Also Read: Will popcorn sold in movie theatres become more expensive? Here's how much GST will be levied

Among the 50 Nifty stocks, Bharat Petroleum Corporation Ltd rose the most at 1.34%; this was followed by Axis Bank, which rose 1.14%, and Maruti Suzuki, which rose 1.06%.

Also Read: How Shark Tank's Anupam Mittal became a millionaire and got laid off before founding Shaadi.com

Which sectors performed the best?

Among all the Nifty sectoral indices, Nifty Bank rose the most by 0.77%, reaching 51,626.75. This was followed by Nifty Private Bank, which was up by 0.75%, reaching 25,025.20, and Nifty Financial Services, which was up by 0.70, reaching 25,488.35.

 
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.

SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe