India’s benchmark stock indices closed higher on the first trading day of 2025. Gains were recorded across sectors such as auto, IT, PSU banks, financial services, pharmaceuticals, FMCG, media, energy, and private banks on the National Stock Exchange (NSE).
The Sensex closed at 78,507.41, up 368.40 points or 0.47%, while the Nifty ended at 23,742.90, up 98.10 points or 0.41%.
The Nifty Bank index rose to 51,060.60, gaining 200.40 points or 0.39%. The Nifty Midcap 100 index added 251.45 points, closing at 57,450.90, and the Nifty Smallcap 100 index increased by 190.60 points, reaching 18,959.80.
On the Bombay Stock Exchange (BSE), 2,743 shares advanced, 1,240 shares declined, and 88 shares remained unchanged.
Market analysts attributed the performance to optimism about earnings growth in the upcoming quarterly results. Positive developments in core sector data and expectations of increased government capital expenditure in sectors like capital goods, industrials, auto, and power supported market sentiment.
Sectoral performance was mixed, with metal, realty, and commodities posting declines.
Among Sensex-listed companies, Maruti, M&M, L&T, Bajaj Finance, Tata Motors, Asian Paints, IndusInd Bank, Power Grid, and HDFC Bank were the top performers. On the other hand, Tata Steel, Zomato, HCL Tech, and SBI posted losses.
Data showed foreign institutional investors (FIIs) sold equities worth Rs 4,645.22 crore on December 31, while domestic institutional investors (DIIs) purchased equities worth Rs 4,546.73 crore.
– IANS
