2 January 2026, 15:02 India: Stocks Hit Record Highs.
India's BSE Sensex closed about 0.67% firmer at 85,762 on Friday, an all-time high, supported by broad-based buying across most sectors, except FMCG. Strong buying was seen in power, banking, autos and metal stocks amid expectations of strong Q3 earnings. At the same time, positive market sentiment was influenced by stable domestic macro fundamentals and ongoing confidence in India’s medium-term growth prospects. Among individual stocks, NTPC (+4.6%), Trent (+2.4%), State Bank of India (+2.1%), Bajaj Finance (+1.8%), Power Grid (+1.7%), Maruti (+1.5%, ICICI Bank (+1.4%) and Bharat Electronics (+1.4%) were among the biggest gainers. On the downside, ITC slipped nearly 4%, pulling the fast-moving consumer goods index down 3.7% amid concerns over earnings pressure from higher taxes on cigarettes. Other losers included Kotak Mahindra Bank (-1.4%), Axis Bank (-0.4%) and Bharti Airtel (-0.1%). For the week, the index gained about 0.8%.
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