Indian Stock Market Closes Positively on the First Day of 2025
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Mumbai, Jan 1 (NationPress) India's domestic benchmark indices finished the day on a high note on Wednesday, despite the subdued global cues. Notable buying activity was observed in the auto, IT, PSU bank, financial service, pharma, FMCG, media, energy, and private bank sectors on the NSE.
The Sensex concluded at 78,507.41, gaining 368.40 points or 0.47 percent, while the Nifty settled at 23,742.90, up by 98.10 points or 0.41 percent.
The Nifty Bank index closed at 51,060.60, an increase of 200.40 points or 0.39 percent. The Nifty Midcap 100 index rose to 57,450.90, adding 251.45 points or 0.44 percent, while the Nifty Smallcap 100 index finished at 18,959.80, up by 190.60 points or 1.02 percent.
On the Bombay Stock Exchange (BSE), 2,743 shares closed in the green, while 1,240 shares were in the red, with 88 shares remaining unchanged.
Market analysts indicate that the market kicked off the year 2025 on a positive note. The recovery was widespread, and the continuation of this trend will hinge on earnings growth in Q3, which is expected to be favorable on a QoQ basis.
An increase in core sector data and the anticipated rise in capex spending by the government in the upcoming fiscal period, particularly in areas such as capital goods, industrials, auto, and power, contributed to this positive sentiment.
However, sectors such as metal, realty, and commodities faced significant losses.
Among the Sensex constituents, Maruti, M&M, L&T, Bajaj Finance, Tata Motors, Asian Paints, IndusInd Bank, Power Grid, and HDFC Bank were the leading gainers. Conversely, Tata Steel, Zomato, HCL Tech, and SBI were among the top losers.
Foreign institutional investors (FIIs) divested equities worth Rs 4,645.22 crore on December 31, while domestic institutional investors purchased equities valued at Rs 4,546.73 crore on the same date.
