India's benchmark equity indices, Sensex and Nifty, experienced a significant rise on January 2, trading over half a percent higher. The rally was attributed to positive global cues and strong buying interest in major index-heavy stocks. Hindalco Industries, Coal India, and Bharat Electronics were among the top gainers, while ITC and Bajaj Auto saw declines. The market breadth indicated a positive trend with more advancing shares than declining ones.