The Indian stock market begins in 2025 under mixed global cues. GIFT Nifty futures indicated a weak opening, down 77 points at 23,728 as of 6:39 AM. In the previous session, the Sensex dipped 109 points to close at 78,139, while the Nifty50 remained nearly unchanged at 23,645.
Despite a mixed close to the year, 2024 was positive for Indian equities. The Sensex gained 8.2% annually, adding 8,809 points and hitting a record high of 85,978. The Nifty50 rose by 8.8%, marking its ninth consecutive year of growth, with benchmarks achieving an impressive 200% rally over this period.
Auto companies such as Tata Motors, Hero MotoCorp, TVS Motor, and Bajaj Auto will announce their December sales data today, making this sector a focus area for investors.
ITC has demerged its hotel business into ITC Hotels, effective January 1, 2025. Shares of 8 subsidiaries, including Fortune Park Hotels and WelcomHotels (Lanka), have been transferred to ITC Hotels.
Sun Pharma has sold its Japanese subsidiary, Sun Pharma Japan Technical Operations, to Zaza Industrial Holdings KK for a nominal consideration of one Japanese yen. This entity will no longer remain a subsidiary of Sun Pharma.
Piramal Enterprises invested ₹1,000 crore in its subsidiary, Piramal Capital & Housing Finance, via a rights issue. The funds will be used for corporate needs without altering shareholding.
Kalpataru secured orders worth ₹1,011 crore in its transmission, distribution, and railway businesses.
LT Foods has acquired the remaining 17.5% stake in its organic business, Nature Bio-Foods, for ₹110 crore. Nature Bio-Foods is now a wholly-owned subsidiary.
SJVN has signed an MoU with the Bihar government to develop the 1,000 MW Hathidah Durgawati Pumped Storage Project and other similar projects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 1, 2025, 8:43 AM IST
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