India’s markets hit record highs on January 2, 2026, led by banking and auto sectors.

India’s stock markets closed at record highs, with the Nifty 50 reaching 26,328 and the Sensex rising to 85,762, driven by strong gains in banking, auto, and capital goods sectors. Bank Nifty hit a new peak of 60,152, boosted by positive Q3 earnings, rising credit growth, and improved asset quality. Yes Bank led gains with a 3.7% rise, while most major banks advanced. The broader market saw 2,772 stocks rise, supported by domestic institutional buying despite foreign outflows. Analysts noted key support near 26,100 and potential targets of 26,500–26,700.