Mumbai, 2 January. The Indian stock market opened in the green on the second trading day of the calendar year 2026, continuing the upward trend seen on the first day of the new year.
At around 9:20 AM, the Nifty index rose by 25.50 points or 0.11 percent to 26,172.35, while the Sensex gained 104.95 points, a rise of 0.12 percent, to trade at 85,293.55. Buying interest was observed in auto and metal shares during the early session.
Looking at the broader market, the Nifty Midcap 100 index increased by 0.31 percent, and the Nifty Smallcap 100 index was up by 0.2 percent.
Sector-wise, the Nifty Auto index led with a gain of 0.73 percent, followed by the Nifty PSU Bank index rising 0.7 percent and the Nifty Metal index climbing 0.56 percent. On the other hand, the Nifty FMCG index fell by 1.2 percent, largely due to a sharp decline in ITC shares.
In early trades, shares of Maruti Suzuki, Mahindra & Mahindra, Asian Paints, BEL, HDFC Bank, NTPC, and Tata Steel rose by up to 1.3 percent. Meanwhile, ITC shares dropped over 4 percent, making it the biggest loser among stocks. Shares of Titan, HCL Tech, Axis Bank, and Tech Mahindra also saw declines.
Market experts noted that the 25.8 percent year-on-year growth in passenger vehicle sales in December is a positive sign for the auto sector. More importantly, this data clearly reflects the ongoing growth momentum in the country’s economy. It remains to be seen whether this growth, even if slow, continues in the coming months. Sustained economic growth is crucial as it supports earnings growth, which can strengthen the market and gradually push it higher.
According to analysts, much of the positive news related to the auto industry has already been priced into the market. The consumer durables sector, which lagged last year, shows good potential for gains ahead. The benefits of recent interest rate cuts and GST relief have yet to fully impact demand in this sector. Therefore, consumer durables could perform better in the short term.
On Thursday, the Indian stock market closed flat in the year’s first trading session. The Sensex edged down by 32 points or 0.04 percent to 85,188.60, while the Nifty gained 17 points or 0.06 percent to close at 26,146.55, maintaining a position well above the 26,100 level.
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My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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