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Indian Stocks Surge: Nifty 50 Hits Record Highs!
2 Jan
Summary
- Nifty 50 closed up 0.70% at 26,326 on January 2, 2026.
- Banking, realty, and metal sectors drove the market rebound.
- Nifty 50 reached a new record high during late trading.
Indian stock markets commenced the year 2026 with a significant upswing on January 2nd. The benchmark Nifty 50 index recorded a substantial gain of 0.70%, closing at 26,326 points. This positive momentum was largely attributed to strong showings in the banking, realty, and metal sectors, which saw considerable investor interest.
During late trading on January 2nd, the Nifty 50 even touched an all-time high of 26,340, breaking its previous record. Key index heavyweights like HDFC Bank, ICICI Bank, and Reliance Industries were instrumental in this surge, contributing significantly to the overall gains. The broader market indices, including the Nifty Midcap 100 and Nifty Smallcap 100, also trended upwards.
The banking sector, in particular, exhibited strong performance, with PSU Bank stocks leading the charge. This optimism was bolstered by positive December-quarter business updates from various banks and anticipation of improved credit demand for the third quarter of fiscal year 2026. While most sectoral indices posted gains, the Nifty FMCG index was the sole laggard, experiencing a decline.
