Domestic stock markets started the first trading session of 2020 on a positive note. The S&P BSE Sensex rose as much as 189.78 points to 41,443.52 and the broader NSE Nifty benchmark climbed to a high of 12,222.20, up 53.75 points from the previous close. Gains across sectors - led by banking, metal, pharmaceutical and energy stocks - supported the markets.
At 9:20 am, the Sensex traded 124.83 points - or 0.30 per cent - higher at 41,378.57, while the Nifty was up 43.75 points - or 0.36 per cent - at 12,212.20.
Forty four stocks on the 50-scrip index moved higher at the time. Top percentage gainers were Bharti Infratel, Zee Entertainment, Larsen & Toubro, Indian Oil and IndusInd Bank, trading between 0.71 per cent and 1.45 per cent higher.
On the other hand, Eicher Motors, Bajaj Auto, TCS, NTPC and ONGC - down between 0.16 per cent and 0.38 per cent - were the top laggards in the Nifty basket of shares.
Reliance Industries, HDFC Bank and ICICI Bank were the biggest contributors to the gain in Sensex.
On Tuesday, the S&P BSE Sensex had ended 304.26 points - or 0.73 per cent - lower at 41,253.74 and the broader NSE Nifty benchmark settled at 12,168.45, down 87.40 points - or 0.71 per cent - from the previous close.