D-Street Show Kindles Hopes for New Year
Hindustan Times Navi Mumbai|January 03, 2025
Stocks lit a spark of optimism for investors in the New Year as the benchmark indices roared back, even as experts kept their fingers crossed on whether the rally has legs.
Dipti Sharma

MUMBAI: The Nifty and Sensex closed 1.9% and 1.8% higher at 24,188.65 and 79,943.71 respectively, on a day that saw relatively lower volumes and the debut of new rules on options contracts. The Nifty broke through the 200-day moving average after several failed attempts in recent sessions, signaling a possible bounce-back. Investor wealth rose by ₹6 lakh crore.

Despite election-related uncertainties in India and the US, plus a selling spree by foreign investors, the Nifty and Sensex managed to close 2024 with gains of 8.8% and 8.1%; however, the much-awaited Santa Claus rally did not materialize in December, leaving investors waiting for a New Year surprise.

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Cloud over review of 14-yr-old trade pact with Asean

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Meta Goes For Community Notes, Ends Fact-Checking

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