Markets open higher on the first trading session of 2021, Auto and IT stocks gains value

First day of the year seems fruitful for the market as benchmark indices opened higher on January 1, 2021. Sensex was at 47,876 adding 124 points. Nifty was up at 14,015 by a minimal variation of 33 points or 0.24%. Auto, IT, PSU, FMCG sectors started on a positive note, while pharma stocks seemed lowered. Canara Bank, PNB, Bharat Elec entered the top gainers category. However, situations weren’t favorable for Hindalco and ICICI Lombard pushing them to the top losers category.