Nifty Top Gainers And Losers On Jan. 1: From Maruti Suzuki, Mahindra To Hindalco
Maruti Suzuki's strong December sales helped drive its stock up 3.22%, while M&M also saw a rise following a 16% sales growth. Hindalco, however, continued its downward trend, closing 1.58% lower.
Maruti Suzuki Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd. emerged as the top gainers for the day. On the other hand, Hindalco Industries Ltd., Dr. Reddy's Laboratories Ltd. and Oil & Natural Gas Corp were among the worst performers.
Benchmark equity indices of India came out of their two-day decline and closed higher on the first session of 2025 as heavyweights led the gains alongside automobile stocks, which reacted to their December sales data. Nifty ended 0.4% or 98.10 points up at 23,742.90, and Sensex closed 0.47% or 368.40 points higher at 78,507.41.
Maruti Suzuki, the top gainer in the Nifty 50 index, closed 3.22% higher at Rs 11,208.30 after it rose as much as 3.83% during the day. This comes after the automaker reported robust sales data for December, beating market expectations.
Mahindra & Mahindra was also among the key gainers of the day, as its stock closed 2.49% higher at Rs 3,082 apiece on the NSE. The total vehicle sales reached 69,768 units with a 16% growth compared to the last year.
L&T's stock rallied 2.25% to Rs 2,689 and closed 1.66% higher on Monday.
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Bajaj Finance Ltd. closed 1.65% higher at Rs 6,935.30 per share after seeing a 1.83% rise during the day. Eicher Motors Ltd. was also among the top gainers. It closed 1.31% higher at Rs 4,885.30. The firm's total exports rose 52.6% to 490 units, while total sales were at 8,324 units in comparison to 7,800 units estimated.
On the flip side, Hindalco Industries plunged up to 2.48% before closing 1.58% lower at Rs 592.95 apiece. The company has been seeing a drop for the last four days and has fallen by 3.96%.
Dr. Reddy's also saw a 2.39% fall but recovered to close 1.40% down at Rs 1,369, followed by Adani Ports And Special Economic Zone Ltd., which closed 1.01% lower at Rs 1,218.70.
ONGC and Tata Steel, which were also amongst the drags, settled 0.96% and 0.95% lower, respectively. The shares of ONGC fell after it gained nearly 3% on the last day of 2024.
