Stock Market Today: Sensex, Nifty End Higher On First Day Of 2025; Maruti Suzuki, M&M Top Gainers
Nifty ended 0.4% or 98.10 points up at 23742.90 and Sensex closed 0.47% or 368.40 points higher at 78507.41. Intraday, both the indices had gained more than 0.7%.
KEY HIGHLIGHTS
Sensex, Nifty End Higher On First Day Of 2025; Maruti Suzuki, M&M Top Gainers: Closing Bell
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 along with automobile stocks, which reacted to their December sales data.
Nifty ended 0.4% or 98.10 points up at 23742.90 and Sensex closed 0.47% or 368.40 points higher at 78507.41. Intraday, both the indices had gained more than 0.7%.
"The positive divergence in the RSI played well and for the reversal to gain further strength, the Index needs to surpass the resistance zone between 23,850-23,900, where the 200-day moving average (DMA) lies," said Aditya Gaggar, director of Progressive Shares. "On the downside, the support seems to be at the 23,560 levels."
Shares of HDFC Bank Ltd., Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., Reliance Industries Ltd., and Maruti Suzuki Ltd. contributed the most to the gains.
While those of Hindalco Industries Ltd., Tata Steel Ltd., Dr Reddy's Laboratories Ltd., Adani Ports & SEZ Ltd., and Oil & Natural Gas Corp. Ltd. weighed on the Nifty.
Most sectoral indices rose with Nifty Auto leading.
Market breadth was skewed in favour of buyers. Around 2,747 stocks advanced, 1,237 stocks declined, and 86 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. BSE Midcap and Smallcap ended 0.50% and 1.03% higher, respectively.
On BSE, 19 sectors advanced, and two declined. The BSE Auto advanced the most, and the BSE Realty declined the most.
Markets At Close
Nifty and Sensex snap two-day fall to end higher
Intraday, both the indices had gained more than 0.7%.
Nifty ends 0.4% or 98.10 points up at 23742.90
Sensex ends 0.47% or 368.40 points higher at 78507.41
Broader indices also rose. Nifty Midcap 100 ended 0.4% up; Nifty Smallcap 250 closed 0.9% higher
Most sectoral indices rose with Nifty Auto leading
M&M and Maruti Suzuki were top Nifty gainers
Dr Reddy's Labs and Hindalco fell the most
Rupee Closes Weaker Against Dollar
-Rupee weakened by four paise to close at 85.65 against the US dollar.
-It closed at 85.61 on Tuesday.
Source: Bloomberg
Fertiliser Stocks Rise As Cabinet Announces Subsidy
Fertiliser stocks rose Wednesday following Union Cabinet decision on affordable DAP fertilizer to provide extra subsidy to farmers. Farmers will continue to get DAP at Rs 1,350 per bag of 50 kg and extra burden will be borne by government. Zuari Agro, Mangalore Chemicals, and Paradeep Phospates gained nearly 5% each.
Trading Ideas: Accumulate Hindalco Industries, Hold Cartrade Tech & Pondy Oxides
Markets experts suggest accumulating Hindalco Industries Ltd. and holding on to Pondy Oxides & Chemicals Ltd. and Cartrade Tech Ltd. Find out what Vaishali Parekh, vice president, technical research, Prabhudas Lilladher Pvt. Ltd. and Nirav Asher, head equity research analyst, Latin Manharlal Sec Pvt Ltd., are saying about these stocks.
