Indian stock markets, including the Sensex and Nifty 50, closed with solid gains on Friday, January 2, reaching new record closing levels. The rally was driven by broad-based buying across sectors and optimism surrounding the upcoming Q3 earnings season. Analysts suggest the Nifty may extend its uptrend towards 26,800 in January, with strong support at 25,700, viewing market volatility as buying opportunities. Banking, Auto, and Metal sectors are leading, with renewed interest in Power and Realty.