Markets cheer the new year; Sensex gains 327 points, Nifty ends at 18,197

RIL rose 1.06 per cent and contributed the most to the Sensex, followed by ICICI bank, which rose 1.3 per cent

Indian indices logged gains on the first trading day of 2023, riding on a combination of buying in index majors, steady European markets, and a boost in sentiment after the release of macro data.

Both the indices clocked near 0.5 per cent gains with the Sensex rising 327 points to end the session at 61,168, while the Nifty ended at 18,197, a gain of 92 points. Since 2019, both the indices have ended with gains in the first session of each year. Usually, stocks rise during the last five and first two sessions of a year.

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