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Mumbai: After the auspicious start of the year 2025, with the rise in Indian stock markets yesterday, selling by foreign portfolio investors (FPIs) stopped for the second day and an environment of re-entry was created in India. On the global front, on one hand, there is a possibility of geopolitical tension increasing due to terrorist attacks in America before Donald Trump takes power, on the other hand, China’s stock market today broke with the worst start on the very first day of 2025. Aggressive momentum was seen since 2016. In intra-day, Sensex rose above the Kudavi level of 80000 by reaching 80032.87 and finally rose by 1436.30 points to close at 79943.71 and Nifty 50 spot index went up to 24226.70 and finally closed by 445.75 points at 24188.65.
China’s Shanghai Stock Market’s CSI 300 index fell 114.51 points to 3820.40, Hong Kong’s Hang Seng fell 436.63 points to 19,623.32 and Japan’s Tokyo Stock Market’s Nikkei 225 index fell 386.62 points to 39894.54. European markets also remained subdued in the evening.
Auto stocks remained bullish
BSE Auto index closed at 54212.66 after a jump of 1911.80 points as funds, majors led an all-round rally in auto stocks today on good December sales growth data from automobile companies. The price of Maruti Suzuki increased by Rs 616.35 to Rs 11,837.55, the price of Mahindra & Mahindra increased by Rs 129.30 to Rs 3210, the price of Bajaj Auto increased by Rs 331.90 to Rs 9072.50, the price of Tata Motors increased by Rs 15.70 to Rs 764.95.
Finance stocks rose
Financial services stocks were hit by a broad-based bullish storm as funds resumed aggressive buying today. Bajaj Finserv was up by Rs 123.90 at Rs 1700.60, Bajaj Finance was up Rs 451.05 at Rs 7387.70, Shriram Finance was up Rs 128.25 at Rs 3045, SBI Card was up Rs 25.35 at Rs 703.
Bankex rose 643 points
Aggressive buying in banking stocks led to aggressive buying in select funds. Kotak Mahindra Bank rose by Rs 47.95 to Rs 1836, IndusInd Bank rose by Rs 23.65 to Rs 992.85, Axis Bank rose by Rs 13.55 to Rs 1085.60, State Bank of India rose by Rs 7.70 to Rs 1085.60. 801.05, HDFC Bank rose by Rs 10.90 to Rs 1793.35. BSE Bankex index closed 642.95 points higher at 58555.83.
IT index rose 1000
BSE IT index jumped 1000.15 points to close at 44259.57 today due to aggressive buying by short funds in IT-Software Services, Technology stocks. Infosys price increased by Rs 75 to Rs 1957.65, HCL Technology price increased by Rs 58.25 to Rs 1971.40, TCS price increased by Rs 71.45 to Rs 4184.25.
Consumer stocks rose
Today, after aggressive buying by funds in consumer durables shares, BSE Consumer Durables Index jumped 1307.21 points to close at 65987.86. The price of Titan Company increased by Rs 137.35 to Rs 3391.40, the price of Blue Star increased by Rs 27.10 to Rs 2291.65.
oil reserves increased
International crude oil prices continued to strengthen, with Brent crude up $1.06 at $75.70 a barrel and New York-Nymex crude up $1.04 at $72.76. Funds are making selective purchases in oil-gas stocks today. ONGC rose by Rs 9 to Rs 246, Reliance Industries rose by Rs 20 to Rs 1341.65. The BSE Oil-Gas index closed 316.38 points higher at 26,425.12.
rise in metal shares
Despite weak news from China, funds picked up domestic metal-mining stocks. BSE Metal Index closed 288.81 points higher at 29148.05. The price of Coal India increased by Rs 6.45 to Rs 392.95, the price of Hindalco increased by Rs 7.55 to Rs 600.60, the price of NALCO increased by Rs 2.35 to Rs 216.50, the price of Tata Steel increased by Rs 1.40 to Rs 138.15.
DII purchases worth Rs 22 crore
Foreign portfolio investors – FPIs, FIIs stopped selling and became buyers again in the Indian stock markets with net buying of shares worth Rs 1506.75 crore in cash on Thursday. There were sales of Rs 11,896.10 crore against total purchases of Rs 13,402.85 crore. While DII-Domestic Institutional Investors made net purchases of Rs 22.14 crore in cash today. There were sales of Rs 14,154.44 crore against total purchases of Rs 14,176.58 crore.
Investors’ wealth increased by Rs 6 lakh crore
Aggressive buying and selling by mega-caps, local funds, high net worth investors, operators pushed up stock prices today, with investors’ total wealth i.e. total market capitalization of BSE listed companies rising by Rs 6.04 lakh crore to Rs 450.47 lakh crore. it was day
