<p> Bengaluru: Leaving behind the bearish sentiments of end-2024, the benchmark indices BSE Sensex and NSE Nifty both jumped nearly 2% on Thursday, their best session in six weeks. This was due to heavy buying in automotive, financial and IT stocks, and on expectations of a good October-December quarter (Q3) earnings season, which begins later this month. </p><p>The 30-share Sensex rose 1,436.30 points or 1.83% - its best single-day gain in more than a month - to settle at 79,943.71. During the day, it had risen 1.94%. Meanwhile, the Nifty surged 445.75 points or 1.88% to 24,188.65 as 48 of its constituents closed in green.</p><p>From 30 Sensex shares, Bajaj Finserv jumped nearly 8% while Bajaj Finance soared over 6%. Maruti, Titan, Mahindra & Mahindra, Infosys, HCL Tech, Zomato, UltraTech Cement and Kotak Mahindra Bank were the other major gainers.</p><p>In the first two days of 2025, investors on the Sensex have seen their wealth surge by Rs 8.52 lakh crore.</p>.Markets climb in early trade on buying in IT, bank stocks.<p>"Increased momentum was observed in the domestic market, driven by optimism about the upcoming earnings season starting next week. The rally was broad-based, with most sectoral indices posting gains, said Vinod Nair, Head of Research, Geojit Financial Services.</p><p>“The auto sector led the way, showing the strongest momentum due to robust December sales that defied the usual subdued demand. Banking and IT stocks also performed well, as the economy bottomed in Q2,” Nair said.</p><p>The auto index added 3.8% on back of strong December sales by the automakers, the most among major sectors. The IT index rose 2.3%, led by a 4% gain in Infosys and a 3.2% jump in HCLTech, after CLSA said it expected the software companies to hike their fiscal year 2025 revenue.</p>.<p>“The expectation of improved revenue growth for IT companies in the December quarter is supported by stable demand commentary from management and the recent depreciation of the rupee,” said Vishnu Kant Upadhyay, Assistant Vice President, Research and Advisory at Master Capital Services. </p><p>“Recent fall from record highs has made many stocks more affordable and positive sentiment ahead of the Union Budget along with other market updates, encouraged investors to re-enter the market,” Upadhyay said.</p><p>In the broader markets, the BSE midcap gauge jumped 0.89% and smallcap index climbed 0.68% on Thursday.</p>
<p> Bengaluru: Leaving behind the bearish sentiments of end-2024, the benchmark indices BSE Sensex and NSE Nifty both jumped nearly 2% on Thursday, their best session in six weeks. This was due to heavy buying in automotive, financial and IT stocks, and on expectations of a good October-December quarter (Q3) earnings season, which begins later this month. </p><p>The 30-share Sensex rose 1,436.30 points or 1.83% - its best single-day gain in more than a month - to settle at 79,943.71. During the day, it had risen 1.94%. Meanwhile, the Nifty surged 445.75 points or 1.88% to 24,188.65 as 48 of its constituents closed in green.</p><p>From 30 Sensex shares, Bajaj Finserv jumped nearly 8% while Bajaj Finance soared over 6%. Maruti, Titan, Mahindra & Mahindra, Infosys, HCL Tech, Zomato, UltraTech Cement and Kotak Mahindra Bank were the other major gainers.</p><p>In the first two days of 2025, investors on the Sensex have seen their wealth surge by Rs 8.52 lakh crore.</p>.Markets climb in early trade on buying in IT, bank stocks.<p>"Increased momentum was observed in the domestic market, driven by optimism about the upcoming earnings season starting next week. The rally was broad-based, with most sectoral indices posting gains, said Vinod Nair, Head of Research, Geojit Financial Services.</p><p>“The auto sector led the way, showing the strongest momentum due to robust December sales that defied the usual subdued demand. Banking and IT stocks also performed well, as the economy bottomed in Q2,” Nair said.</p><p>The auto index added 3.8% on back of strong December sales by the automakers, the most among major sectors. The IT index rose 2.3%, led by a 4% gain in Infosys and a 3.2% jump in HCLTech, after CLSA said it expected the software companies to hike their fiscal year 2025 revenue.</p>.<p>“The expectation of improved revenue growth for IT companies in the December quarter is supported by stable demand commentary from management and the recent depreciation of the rupee,” said Vishnu Kant Upadhyay, Assistant Vice President, Research and Advisory at Master Capital Services. </p><p>“Recent fall from record highs has made many stocks more affordable and positive sentiment ahead of the Union Budget along with other market updates, encouraged investors to re-enter the market,” Upadhyay said.</p><p>In the broader markets, the BSE midcap gauge jumped 0.89% and smallcap index climbed 0.68% on Thursday.</p>