The stock markets opened on a positve note on 1 January, 2016, with the S&P BSE Sensex managing to stay above the psychological mark of 26,000 in the first three hours of trading, while the Nifty is trading flat after rising marginally.

The day also marks the implementation of the odd even formula in Delhi by the AAP government led by Arvind Kejriwal in a bid to check rising pollution in the city. Many of the auto stocks were trading in the green on the NSE.

Aviation stocks such as SpiceJet, InterGlobe Aviation (holding company of IndiGo) and Jet Airways spurted on ATF prices being cut by 10%.

The Sensex ended the day with a gain of 43 points and closed at 26,160.90, while the Nifty gained 16 points to end the day at 7,963.20.

Earlier, the Sensex was trading at 26,124, up 7 points, at 12.10 pm, after hitting a high of 26,140 at about 11.15 am, while the 50-scrip Nifty was trading flat 7,946, after having touched 7,951 in early trade.

Srei Infrastructure, Reliance Infrastructure, Havells India, SpiceJet, Jet Airways and Petronet LNG touched a new 52-week high.

Tata Motors, BHEL, Coal India, Adani Ports, Maruti Suzuki were trading with gains on the BSE, while losers included HDFC, HDFC Bank, Wipro, TCS, ONGC and ICICI Bank.

The 30-scrip S&P BSE Sensex had closed at 26,117.54 on Thursday, 31 December, 2015, translating into a decline of 5.02% during calendar year 2015. 

The 50-scrip Nifty ended 2015 at 7,946.35, a fall of 4.05% over its 31 December, 2014, closing of 8,282.70.