As Indian markets begin trading on the second day of 2025, investors are monitoring key stocks from various sectors, looking for trends that could set the tone for the year ahead.
Market Outlook: The GIFT Nifty, an indicator of market trends, was trading 24 points or 0.10% lower at 23,853, suggesting a flat start for the BSE Sensex and NSE Nifty 50 on Thursday, January 2. On the first trading day of the year, the Sensex closed up 368 points, or 0.47%, at 78,507.13, while the Nifty gained 98 points, or 0.41%, closing at 23,742.90.
Key Stocks to Watch on January 2, 2025:
- Tata Motors: The company saw a 1% increase in domestic sales in December 2024, with 76,599 units delivered. Sales of passenger vehicles, including electric vehicles (EVs), grew by 1%, while commercial vehicle sales saw a minor decline of 1%.
- RailTel Corporation: RailTel has secured a Rs 78.43 crore order from Bharat Coking Coal Ltd. for critical infrastructure work, strengthening the company’s project portfolio.
- NMDC: The country’s largest iron ore producer reported a 5.1% rise in production in December 2024, reaching 4.71 million tonnes (MT), compared to 4.48 MT in December 2023. However, sales declined 6.7% to 3.91 MT, down from 4.19 MT last year. The company also reported an 18.1% increase in net profit for the September quarter, amounting to Rs 1,211.6 crore.
- Mahindra & Mahindra (M&M): M&M reported a 16% increase in total auto sales in December, with 69,768 units sold.
- Indian Bank: Shanti Lal Jain, the bank’s Managing Director and CEO, retired on December 31, 2024. The bank is now under interim leadership pending a new appointment.
- Ambuja Cements: The company has received regulatory approvals for its merger with Adani Cementation, with the BSE and NSE both issuing favorable letters for the merger on January 1, 2025.
- Goa Carbon: Goa Carbon resumed operations at its Bilaspur unit in Chhattisgarh after successfully relighting the kiln. Production has returned to normal from January 1, 2025.
- ITC: ITC shares will continue to attract attention following the demerger of ITC Hotels, effective from January 1, 2025. The record date for eligibility is set for January 6, 2025.
- Ashoka Metcast: Dipak Pandit Nikam resigned as the company’s Chief Financial Officer, citing personal reasons. His resignation took effect on January 1, 2025.
- Ugro Capital: The company has entered into agreements to acquire shares in “MyShubhLife,” a fintech platform based in Bangalore that specializes in embedded finance. The completion of the deal is subject to certain conditions.
Investors will be closely monitoring these stocks for potential market movement as the year progresses.
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