On Thursday, January 4, the Sensex and the Nifty reversed their two-day fall, driven by extensive purchasing activity amid conflicting signals from around the world.
The release of minutes from the recent US Federal Reserve meeting on Wednesday contributed to the positive sentiment. The minutes revealed the Fed’s belief that inflation is showing signs of coming under control, while officials expressed concerns about the potential negative impact of an excessively restrictive monetary policy on the economy.
Starting at 21,605.80, the Nifty 50 opened higher than its previous close of 21,517.35, reaching an intraday high of 21,685.65 and a low of 21,564.55. The day concluded with the Nifty 50 at 21,658.60, marking a gain of 141 points or 0.66 percent.
Similarly, the Sensex, opening at 71,678.93 against the previous close of 71,356.60, touched an intraday high of 71,954.79 and a low of 71,546.60. The index ultimately closed 491 points higher, or 0.69 percent, at 71,847.57.
During the session, midcap and smallcap indices surged to record highs. The BSE Midcap index hit a peak of 37,669.07 and closed 1.49 percent higher at 37,634.28. The BSE Smallcap index reached a new high of 43,578.92, concluding at 43,568.09, up 1.08 percent.
The overall market capitalization of BSE-listed firms increased from ₹365.1 lakh crore to nearly ₹368.4 lakh crore in a single session, enriching investors by approximately ₹3.3 lakh crore.
Top gainers in the Nifty 50 index included Bajaj Finance, Tata Consumer Products, and NTPC, while Dr. Reddy’s Laboratories, BPCL, and LTIMindtree ended as the top losers.
