Sensex leaps 1,500 points on consumption boost, 6 factors pushing latest surge
FirstpostOn Thursday, BSE Sensex rose 1,525.46 points or 1.94 per cent and logged an intraday high at 80,032.87. Nifty 50, meanwhile, advanced 483 points or 2.03 per cent to the day’s high at 24,226.70 The Indian benchmark indices started the New Year 2025 on a positive note and extended their upward trend on Thursday with BSE Sensex surging past 1,500 points and Nifty 50 surpassing 24,000-mark. On Thursday, January 2, 2025, BSE Sensex ended day’s trade at 79,943.71, up 1,436.30 points or 1.83 per cent, while Nifty 50 zoomed 445.75 points or 1.88 per cent to close at 24,188.65. 2 - Robust GST collection The December 2024 GST mop up rose by 7.3 per cent year-on-year to Rs 1.77 lakh crore, signaling a rebound in consumption activities. A decisive close above 24200 could pave the way for further gains, potentially pushing Nifty towards 24,500 in the near term.” Investors got rich by Rs 5.8 lakh crore Due to the upward move of the Indian stock market, investors’ wealth soared by around Rs 5.8 lakh crore, as the market capitalisation of BSE-listed companies rose to Rs 450.32 lakh crore lakh crore, from Rs 444.43 lakh crore in the previous session.