On January 1, 2025, Indian stock markets started the new year on a positive note, with benchmark indices registering gains driven mainly by the automotive sector.
Market Performance:
Nifty 50: Closed 0.41% higher at 23,742.90 points today.
BSE Sensex: Closed 0.47% higher at 78,507.41 points today.
Sector Highlights:
Automotive Sector: The Nifty auto index rose 1.3%, buoyed by strong sales data from major manufacturers.
Maruti Suzuki: The stock gained 3.2% after reporting a 14% rise in December sales.
Mahindra & Mahindra: Gained 2.4% after reporting a 10% rise in monthly sales.
Bajaj Auto: Declined 1.1% after reporting a 2% drop in December sales.
Escorts Kubota: Declined 0.9% after sales declined 5%.
Energy Sector:
SJVN Ltd: Shares jumped 6.2% after the stock signed an agreement with the state government to develop energy storage projects.
Banking Sector:
Axis Bank: Outperformed rivals with a gain of 0.64% to close at ₹1,072.05.
State Bank of India: Experienced a marginal decline of 0.22% to end at ₹793.20.
ICICI Bank: Witnessed a marginal rise of 0.16% to reach ₹1,283.65.
Pharmaceutical Sector:
Dr. Reddy’s Laboratories: Underperformed with a decline of 1.35% to close at ₹1,369.50.
Lupin Limited: Closed at ₹2,364.90, up 0.39%.
Zydus Lifesciences Limited: Closed at ₹973.80, up 0.22%.
Market Outlook:
Analysts suggest that the market direction in 2025 will be influenced by corporate earnings, the upcoming federal budget, global economic policies, and domestic economic indicators.