The Indian markets welcomed the new year with strong gains, as both the benchmark indices – Sensex and Nifty50 – jumped around 1.6 per cent.
As many as 44 stocks closed in the green and 6 closed in the red on the Nifty50 at the market close. Coal India closed as the top gainer up over 6 per cent, followed by Eicher Motors closed at second-best after Royal Enfield sales boost in December 2021 auto sales.
Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas mentioned, “We need to see whether the index sustains above 17600.