The domestic stock market was still robust on Monday’s first trading day of the year, as the BSE Sensex increased by 327 points. Reliance Industries and ICICI Bank, two significant index investors, bought shares to boost the market, which was further helped by a strong global trend. To end at 61,167.79, the 30-share Sensex gained 327.05 points or 0.54 percent. At one time during the trading, it had soared as high as 382.05 points. The Nifty gained 92.15 points, or 0.51 percent, to settle at 18,197.45. Major gainers in the Sensex pack included Tata Steel, Tata Motors, ICICI Bank, Axis Bank, Mahindra & Mahindra, Reliance, NTPC, and Bharti Airtel.

On the first trading day of the year, while most European markets were closed on New Year’s Day, gold traded in a range in Asian markets. A surge in international rates on Monday caused gold prices to increase by  ₹ 154 to ₹55,397 per 10 kilos in the nation’s capital. Silver, meanwhile, fell by  ₹ 17 to trade at  ₹ 69,831 for a kilogram. Silver remained unchanged at $23.95 an ounce while gold was trading higher at $1,824 an ounce in international markets.

Investors should be aware of these factors that, according to the LTP Calculator Option Chain, the resistance for the Nifty’s weekly range is 18,439, while the support is 17,999.