Stock Market LIVE: Sensex Up By 300 Pts, Nifty Above 23,700

The Sensex closed at 78,579.72, up 440.71 points (+0.56%) on the first trading day of 2025. It opened at 78,265.07 before gaining momentum. Top performers on the Sensex were Maruti, M&M, L&T, Bajaj Finance, Tata Motors, and Asian Paints. On the losing side, SBI, HUL, Tech Mahindra, Zomato, and Tata Steel weighed down the index.

Meanwhile, the Nifty ended at 23,742.90, up 98.10 points (+0.41%) after opening at 23,637.65. Key gainers included Maruti, M&M, L&T, Bajaj Finance, and Tata Motors, while Hindalco, Dr. Reddy, Adani Ports, ONGC, and Tata Steel were the top laggards.

In the Nifty sectoral indices, Auto leads with 1.34% and Nifty realty fell by 1.11%. 
 

Rossell India has acquired a new Tea Estate viz. Dhoedaam Tea Estate(TE) located at Dis!. Tinsukia, Assam, in terms of the Agreement executed on 9th December, 2024 by the Company with James Warren Tea Limited (Vendor), has now been completed.

Sun Pharmaceutical Industries Limited (together with its subsidiaries and/or affiliates referred to as “Sun Pharma”) has agreed with Zaza Industrial Holdings K.K, Japan, under which Sun Pharma has agreed to sell 100% shares held in Sun Pharma Japan Technical Operations Limited, a step-down subsidiary of the Company (through its subsidiary, Sun Pharma Japan Limited). Consequently, Sun Pharma Japan Technical Operations Limited shall cease to be a subsidiary of the Company.

Nifty Auto gained 1.20% as most of the automakers are releasing their December sales. In December 2024, Maruti Suzuki India Limited sold a total of 178,248 units. Total sales in the month include domestic sales of 132,523 units, sales to other OEM of 8,306 units and the highest-ever monthly exports of 37,419 units. Eicher Motors posted a 3.7% increase in total VECV (Volvo Eicher Commercial Vehicles) sales, reaching 8,324 units in December 2024 compared to 8,026 units in December 2023. Mahindra & Mahindra Ltd. (M&M Ltd.), announced that its overall auto sales for the month of December 2024 stood at 69768 vehicles, a growth of 16%, including exports.

The NSE annual report data reveals that as of December 31, 2024, a total of 2,671 companies were listed, up from 2,527 in 2023. The market capitalisation of these listed companies surged to Rs 438.9 lakh crore (USD 5.13 trillion), marking a 21.5 percent increase compared to Rs 361.05 lakh crore (USD 4.34 trillion) at the end of 2023.

In December 2024, Maruti Suzuki India Limited sold a total of 178,248 units. Total sales in the month include domestic sales of 132,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units.

Eicher Motors posted a 3.7% increase in total VECV (Volvo Eicher Commercial Vehicles) sales, reaching 8,324 units in December 2024 compared to 8,026 units in December 2023.

The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd (AESL).

The tenders were floated as four packages in August 2023 for providing the smart meters under the central government's revamped distribution sector scheme.

Nifty realty falls by 1%, leading the loss are Phoenix Ltd, Prestige, Oberoi Realty, Lodha, Godrej Prop, Sobha & DLF 

Top Gainers - L&T, M&M, Asian Paints Adani Ent & Apollo Hospitals
Losers- Dr Reddy, Bajaj Auto, Hindalco, ONGC & Adani Ports 

Mahindra & Mahindra Ltd. (M&M Ltd.), announced that its overall auto sales for the month of December 2024 stood at 69768 vehicles, a growth of 16%, including exports.

NTPC Limited has announced changes in its senior management. Harjit Singh and Kedar Ranjan Pandu, both Executive Directors, have superannuated on December 31, 2024. The company disclosed this update to stock exchanges for information and records.
 

 Bajaj Auto reported a 1% year-on-year decline in total sales for December 2024, with 3,23,125 units sold compared to 3,26,806 units in December 2023.
 

Coal India Limited has announced that Shri Sudhir Agrawal has relinquished his role as Executive Director (Engineering and Equipment) following his superannuation, effective from January 1, 2025. 

Power Mech Projects Limited has secured a Rs 294 Crore (excluding GST and an incentive amount of Rs 1.25 crore per unit after achieving the Synchronization within stipulated time) order from Adani Power. Following the news the Power Mech stock also surges. 

RITES bags an order fromthe  Ministry of Public Works, Government of the Co-operative Republic of Guyana worth USD 9,713,470/- excluding taxes.

Hyundai Motor India Limited (HMIL) recorded its highest ever yearly domestic sales of 6,05,433 units in CY 2024. HMIL achieved total sales of 7,64,119 units (Domestic + Export) in CY 2024. 

On the first day of 2025, the Nifty did open in green but had its ups and downs in the early trade. In terms of sectoral indices, Nifty Media is leading the rally, followed by bank, auto financial services FMCG, IT, Media & Pharma. In the laggards, Realty is losing followed by  Metal. 

Nifty realty declines by 0.80%, leading the loss are Phoenix Ltd, Prestige, Oberoi Realty, Lodha & DLF

Easy Trip Planners' promoter and co-founder, Nishant Pitti, has stepped down as CEO, citing personal reasons, effective immediately. The company announced in an exchange filing that Rikant Pittie will take over the role of CEO, starting January 1, 2025.

In a petition filed by its subsidiary, Reliance NU BESS Limited, Reliance Power has received a favorable ruling from the Delhi High Court. On December 30, 2024, the Court extended the protection granted by its earlier order on December 24, 2024. This ruling allows the petitioner’s affiliates and subsidiaries to participate in four additional tenders issued by the Solar Energy Corporation of India (SECI). The extension ensures that they will not be disqualified solely due to the debarment order dated November 6, 2024, which had been imposed on Reliance NU BESS Limited by SECI.

In a major update to its insider trading regulations, the Securities and Exchange Board of India (SEBI) on Monday granted permission for market participants to subscribe to non-convertible securities (NCS) during trading window closures. This move aims to enhance flexibility in the market and streamline the subscription process for NCS, a significant financing tool for companies.
 

Adani Wilmar Limited informed that they have changed their name from Link Intime India Private Limited to MUFG Intime India Private Limited effective i.e. December 31, 2024

The Reserve Bank of India will sell government bonds worth Rs 4.73 lakh crore in the January-March quarter of 2025 to State Governments and Union territories.
 

Piramal Enterprises Limited has invested Rs. 1,000 crore in Piramal Capital & Housing Finance Limited (‘PCHFL’), a wholly owned subsidiary of the Company by way of subscription to rights issue (‘Transaction’).

Shares of ITD Cementation, backed by Adani, have risen following the company's acquisition of a Rs 1,648 crore marine contract for nearshore reclamation and shore protection work at the Vadhvan Port in Dahanu, Maharashtra.

Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report cited by PTI.

The energy giant, Adani Green Energy on Monday announced an internal leadership rejig in the company, as Amit  SIngh, the Chief Executive Officer will step down in March. The new Chief Executive Officer is going to be Ashish Khanna who is currently the CEO of the International Energy Business of the conglomerate. He is going to take office from April 1, 2025, the company said in a statement.

South West Pinnacle Exploration Limited (SWPE) has received an extension of contract from Reliance Industries Ltd. (RIL) for imparting services of CBM Production by deploying new set of Rig and other equipment with additional manpower and other resources in the state of Madhya Pradesh. The aggregate value of extended contract including GST is Rs 158 Crore.

WABAG bags order worth Rs 145 Cr from Chennai Petroleum Corporation Limited (‘CPCL’) towards Design, Engineering, Supply, Fabrication, Installation and commissioning of Desalination Water pipelines between CPCL Manali Refinery & CPCL Desalination plant at Kattupall

NCC Limited received an order valuing Rs 349.70 Crores (Excluding GST) in the month of December 2024

Gainers - Asian Paint, L&T, Infosys, HCL Tech, M&M & Titan 
Losers - Adani Ports, ICICI Bank, Axis Bank, NTPC, Tata Steel, HDFC Bank & Zomato 

The Indian rupee gained 1 paisa, opening at 85.63 against the US dollar in early trade.

The Indian stock market indices opened slightly higher on January 1, with the Sensex standing at 78,265.07 and the Nifty at 23,637.65.

The National Payments Corporation of India (NPCI) has lifted the user onboarding limit for WhatsApp Pay, allowing the platform to extend its Unified Payments Interface (UPI) services to all users across India. The decision, effective immediately, enables WhatsApp Pay to offer seamless digital payment services to its extensive user base in the country.  

The Sensex indicates a strong start to the year, with a pre-opening level of 78,593.49, up 454.48 points or 0.58%. Meanwhile, the Nifty shows a modest gain, opening at 23,685.20, up by 40.40 points or 0.17%.

ITC Ltd, headquartered in Kolkata, has confirmed that the demerger of ITC Hotels will take effect from today. As part of the demerger, the company will issue 1 share of ITC Hotels for every 10 shares held in ITC Ltd. The record date for shareholders to receive ITC Hotels shares is set for January 6, 2025.

The Securities and Exchange Board of India (SEBI) has unveiled the Mutual Funds Lite (MF Lite) framework, aimed at simplifying the compliance process for passive mutual fund schemes like index funds and exchange-traded funds (ETFs). Set to take effect on March 16, 2025, this initiative seeks to foster innovation, encourage new players, and promote investment diversification in the mutual fund industry.

Leo Dry Fruits and Spices Trading has opened its initial public offering (IPO) for subscription today, which will remain available until January 3, 2025. The issue size is Rs 25.12 crore, with a price band set between Rs 51 and Rs 52 per share. The lot size requires a minimum purchase of 2,000 shares, amounting to a retail investment of Rs 1,04,000. The tentative listing date is January 8, 2025, as per market tracker websites, with Shreni Shares Limited serving as the lead manager for the offering.

Viacom18 Media has officially become a subsidiary of Reliance Industries as of December 30, 2024. This transition followed the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. Previously, Viacom18 Media operated as a material subsidiary of Network18 Media & Investments Ltd, which is also a subsidiary of Reliance Industries Ltd (RIL).

Unimech Aerospace and Manufacturing Limited made an extraordinary debut on the stock exchanges on December 31, 2024, with its shares listing at Rs 1,491 on the Bombay Stock Exchange (BSE), an impressive 89.9% premium over the issue price of Rs 785. On the National Stock Exchange ( NSE ), the stock opened at ₹1,460, reflecting a strong 85.99% premium.
 

Jindal Stainless Ltd on Tuesday said it has granted 12,42,736 stock options under its Employee Stock Option scheme.

Indian stock market investors witnessed a remarkable year in 2024, gaining Rs 77.66 lakh crore in market capitalisation, led by an overall positive trend in equities. The BSE Sensex surged over 8 per cent, reflecting the resilience of the domestic markets despite global uncertainties and market volatility.  

GIFT Nifty on the NSE IX traded down by 0.15% at 23,733, indicating a negative opening for Dalal Street on Wednesday, the first trading day of the new year, 2025.

Asia-Pacific markets saw mixed results Tuesday. Hong Kong and Mainland China’s key indices closed the year higher, snapping multi-year losing streaks, despite China’s manufacturing data falling short of expectations.

Australia extended its annual gains for a second year, while Taiwan led the region’s performance for the year. Japan and South Korea’s markets were closed, with South Korea reporting a rise in December inflation.

The US markets ended 2024 in red. The broad market index and Nasdaq Composite, S&P 500 dipped, while the Dow saw a marginal decline on the final trading day.

For the year, the S&P 500 posted its best two-year gain since the late 1990s, boosted by enthusiasm for AI, with Nvidia and Apple seeing significant growth. The Dow and Nasdaq also recorded double-digit gains.

A major factor in the rally was the Federal Reserve’s rate cuts and optimism around President-elect Donald Trump’s pro-business policies. Bank stocks and Tesla were among the top performers, while market enthusiasm pushed major averages to record highs.

Markets are closed today for New Year’s Day.

The Indian stock market wrapped up the final trading session of 2024 with a mixed performance. The Sensex dipped marginally by 21.66 points, or 0.03%, to close the year at 78,226.47. On the other hand, the Nifty added 13.25 points, or 0.06%, ending at 23,658.15.

Top gainers on the Nifty included BEL, ONGC, Kotak Mahindra Bank, Trent, and Coal India, while Adani Enterprises, Tech Mahindra, TCS, Infosys, and SBI Life Insurance were the major laggards. On the Sensex, Kotak Mahindra Bank, ITC, Tata Motors, Tata Steel, and NTPC led the gains, while Asian Paints, Tech Mahindra, Zomato, Axis Bank, and HCL Technologies closed the year in the red.

As investors bid farewell to 2024, the markets reflected cautious optimism, with sectors showcasing varied performances to end the year on a steady note.