Indian equity benchmarks, including the Nifty 50 and BSE Sensex, reached new record highs on Friday, January 2, 2025. The Nifty 50 closed at 26,329, hitting an intraday high of 26,340, while the Sensex ended at 85,762, up nearly 600 points. The Nifty Bank also touched an all-time high, closing over 440 points higher. Mid- and small-cap stocks also saw gains, with analysts citing broad-based gains, short covering, and positive sector-specific developments like strong auto sales as drivers.