D-Street Joins New Year Party On Jan 2; Sensex Soars 1400 Points, Nifty Near 24,200

The Sensex surged by 1.79%, closing at 79,910.44, marking an impressive gain of 1,403.03 points. Out of the 30 constituents, 29 ended in the green, with Sun Pharma being the sole loser.

The Nifty climbed 1.88%, settling at 24,188.65, with a robust addition of 445.75 points. The top gainers on the Nifty were Eicher Motors, Bajaj Finserv, Bajaj Finance, Maruti Suzuki, and Shriram Finance, while the losers included Sun Pharma and Britannia Industries.

The company has declared Friday, January 3, 2025, as the record date to determine shareholders eligible for the bonus issue.

The Sensex is indicating a pre-close of 79,939.33, up by 1,431.92 points, reflecting a gain of 1.79%. Meanwhile, the Nifty is pointing towards a pre-close of 24,192.00, up by 449.10 points, marking a rise of 1.89%.

The public sector oil marketing firm Indian Oil Corporation (IOCL) will supply fuelling services at Noida International Airport (NIA) in Jewar, Uttar Pradesh's Gautam Buddha Nagar district.

Tata Investment informed on the stock market, that Mr Shatayu Mehta has ceased to be Gthe eneral Manager – Investments due to his retirement with effect from close of business hours of December 31, 2024. 

 Dollar Industries is going to raise funds of Rs. 350.00 Crores by way ofthe  issue of equity shares either by way of Qualified Institutional Placement (QIP)

Nifty opening around 23,700, and finally hitting up and down it has crossed the benchmark of 24,000. Top gainers are Eicher Motors, Bajaj Finserv, Bajaj Finance, Maruti and Grasim. In the losers are Sun Pharma & Britannia 

Vishnu Prakash R Punglia Limited, announces - the receipt of the letter of the lowest bidder by competent authority for "Construction of 2-Lane with paved shoulder configuration of bypass (with the provision of new ROB) to Mandal town (District-Bhilwara) with connecting NH-l58 to NH-48 in the State of Rajasthan on EPC mode" having a total value of Rs. 433.1 million. 

Kwality Pharmaceuticals Limited (KPL)  announced that it has secured approval from the Review Committee on Genetic Manipulation (RCGM) to commence pre-clinical toxicity studies for our recombinant Erythropoietin product, 10,000 1U/mL, developed in its Biologics Unit.

KPI Green Energy have obtained approvals from the Chief Electrical Inspector (CEIG) for 28.28 MW of solar power projects under their CPP business segment

Hyundai Motor India Limited (HMIL), today reveals the much anticipated Hyundai CRETA Electric. This electric SUV combines bold design, cutting-edge technology, and unparalleled safety. It also showcases the vehicle’s bold exterior, sophisticated interiors, and advanced technological feature

Nifty Auto is up by almost 3&, leading the gains Eicher Motors, Maruti, M&M, TVS Motors, Hero Moto Corp & Bajaj Auto 

Indeed, a good day for Sensex opening flat, going up 400-500 pts and now finally crossing 1000 pts. Top gainers - Bajaj Finserv, Maruti, Bajaj Finance, Kotak Bank, Titan, HCL Tech, TCS and Tata Motors. Top losers Adani Ports and Sun Pharma. Out of 30, only 2 are in red. 

Kaka Industries Limited announces the full commissioning of its advanced manufacturing facility in Village Lasundra, Tehsil Kathlal, District Kheda, Gujarat.

Federal Bank launched FedOne to transform its digital banking experience. The bank has implemented Nucleus Software’s cutting-edge transaction banking platform FinnAxia. This partnership signifies a transformative moment in modernizing Federal Bank’s corporate banking services, focusing on delivering exceptional value to corporate and SME customers

Sunita Tools Limited’s Subsidiary Company Tripathi Aerotech & Weapons Systems Pvt Ltd gets a Major LOI for the supply of Empty Artillery Shells 155mm M107.

In the sectoral Indices today, Nifty Auto is on the rise by 2% followed by IT, FMCG, Bank, and Financial services. In the losing streak, PSU Bank is declining, followed by Realty, Metal & Media 

Surya Roshni Limited has allotted 10,88,17,948 fully paid-up Bonus Equity Shares of the Face Value of~ 5/- (Rupee Five only) each in the ratio 1: 1, i.e., 1 (One) new Bonus Equity Shares of~ 5/- each for every I (One) existing Equity Share of~ 5/- each fully paid- up, held by the shareholders of the Company as on the record date i.e., Wednesday, January OJ, 2025.

DCX Shares surged over 3%, following the news that the company bagged an order worth Rs 19.33 crore from Elta Systems for manufacturing and supplying of backplane module assemblies.

Opening around 23,700 and now climbing up at 23,900. Top gainers are Bajaj Finance, Bajaj FinServ, M&M, Maruti and ONGC. Losers - Sun Pharma, Britannia, BPCL, NTPC and JSW Steel.

According to market tracker websites, the grey market premium (GMP) for Indo Farm Equipment’s IPO is currently Rs 90 per share, last updated on January 2, 2025.

With the upper price band of Rs 215, the estimated listing price is expected to be ₹305 per share. This translates to a potential gain of 41.86% for investors.
 

After opening flat in early trade, Sensex climbed by 450 Pts. Top gainers are Bajaj Finance, Maruti, Kotak Bank, M&M, HCL Tech, Nestle India & Bharti Airtel. Top losers are ITC, ICICI Bank, SBI, Adani Ports, NTPC & Sun Pharma 
 

Waaree Energies received an order for a supply of solar modules for 150 MWp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India
 

Shares of RailTel Corporation of India, a public sector enterprise in the railway sector, surged nearly 7%, reaching Rs 432.65 per share, after the company received a Rs 78.43 crore work order from Bharat Coking Coal. The order is for the provision of integrated IT-based security infrastructure and related services.

Reliance Power shares surged over 1% following the news of debt repayment to IIFCL on December 31, 2024

 

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.

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.

Nifty Realty Declines by 0.60%, leading the loss are Oberoi Realty, Lodha, Godrej Prop, Sobha, Prestige and DLF

Air India has introduced a game-changing feature for its passengers: in-flight Wi-Fi internet connectivity. The airline becomes the first carrier in the country to offer in-flight Wi-Fi connectivity on domestic routes. 

The rupee declines in the early trade by 9 paise to 85.73 against the US Dollar. 

Hi-Tech Pipes Limited announced its exceptional sales performance for the third quarter and nine months ended FY25. The company has achieved an ever-highest sales volume of 1,24,233 MT for
Q3 FY25, reflecting an impressive 26.10% year-on-year (YoY) growth. For the nine months ended FY25, sales volumes surged to 3,69,415 MT, representing a stellar 30.33% YoY increase.

In the early Trade, Bajaj Finance, Kotak Bank, Tata Motors, Infosys, Maruti, Zomato, HUL and HCL Tech are the top gainers. In losers, we have L&T, Tech Mahindra, ICICI Bank, ITC and HDFC Bank 

Indian stock indices began the trading day on a positive note on January 2. The Nifty opened at 23,783.00, while the Sensex started strong at 78,657.52.

In the pre-opening session, the Sensex showed a positive movement, rising by 120.68 points to reach 78,628.09, reflecting a gain of 0.15%. However, the Nifty saw a slight dip, falling by 8.30 points to 23,734.60, a decrease of 0.03%.

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.

Tata Consultancy Services ( NSE , BSE: TCS), the country's largest IT sector lender will be announcing its quarterly results for the quarter ending December 2024, on January 9, 2025. In an exchange filing, TCS announced the date and time for the TCS Q3 FY 2025 Earnings announcement.

The gross GST collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December despite significant increase in both domestic and export refunds.

The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, Integrated IGST at Rs 47,783 crore and Cess at Rs 11,471 crore, according to government data released on Wednesday.

Sasan Power, a subsidiary of Reliance Power, has made a bullet payment of US$150 million to IIFCL, UK, fulfilling its debt obligation on 31 December 2024

GIFT Nifty traded lower, indicating a negative opening for Dalal Street on Thursday. The index dropped slightly by 48 points, or 0.20%.

Asian markets began the year on a subdued note, with Hong Kong and China stocks edging lower, while benchmarks in Australia and South Korea posted modest gains. The MSCI Asia Pacific Index dipped slightly, reflecting cautious sentiment after a strong 2024 for global equities. Japanese and New Zealand markets remained closed for the holiday.

On 1st January, the US market was closed due to New Year holiday celebrations. The markets closed in red as the Dow, S&P 500, and Nasdaq fell amid thin trading at the year's end, capping off a strong 2024 driven by AI enthusiasm and rate cuts. The Nasdaq saw the highest gains, led by Nvidia and Apple, but profit-taking dampened momentum in December. 
 

On Wednesday, the Indian stock markets closed strongly, marking a positive start to 2025. The Sensex ended the session at 78,579.72, gaining 440.71 points (+0.56%). It opened at 78,265.07 before picking up momentum during the day. Leading the charge on the Sensex were Maruti, M&M, L&T, Bajaj Finance, Tata Motors, and Asian Paints, while SBI, HUL, Tech Mahindra, Zomato, and Tata Steel dragged the index down.

The Nifty also finished higher, closing at 23,742.90, up 98.10 points (+0.41%) for its opening of 23,637.65. Among the top gainers were Maruti, M&M, L&T, Bajaj Finance, and Tata Motors, while Hindalco, Dr Reddy, Adani Ports, ONGC, and Tata Steel emerged as the major losers.

In sectoral performance, the Nifty Auto index led with a gain of 1.34%, while Nifty Realty was the worst performer, declining by 1.11%.