On Wednesday, Indian stocks experienced slight upward movement, while global markets remained closed due to the New Year holiday.
The S&P BSE Sensex, a key benchmark, concluded the first trading session of 2025 with an increase of 368.40 points, or 0.41%, reaching a level of 78,507.41. Similarly, the NSE Nifty index rose by 98.10 points, or 0.41%, closing at 23,742.90.
In the broader market, second-line stocks saw notable gains. The BSE's mid-cap index ended the day up by 0.5%, and the small-cap index climbed by 1%. The overall market sentiment was positive, with 2,741 stocks rising, 1,241 declining, and 89 remaining unchanged on the BSE.
Automobile stocks performed well, led by Maruti Suzuki India, which jumped 3% following a 30% increase in total sales for December 2024. Tata Motors saw a rise of 1.3%, and Mahindra & Mahindra went up by 2.4%.
Additionally, Larsen & Toubro and Bajaj Finance each increased by around 2%. In contrast, ONGC, Adani Ports, Dr. Reddy's Laboratories, and Hindalco experienced declines of about 1%.
State-owned SJVN saw a substantial rise of 6.3% after it entered an agreement with the Bihar government to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project and similar ventures.
MOIL experienced a surge of 4.4% following the revision of manganese ore prices, effective January 1, 2025. Ireda gained 2.7% after providing an update on its Q3 business performance.
