Most Asian markets were trading lower in their first session of 2025. The KOSPI and CSI 300 were trading 0.06% and 0.79% lower, respectively.

Financial markets in the US were closed for New Years.

The Brent crude was trading 0.34% higher at $74.64 a barrel. The Bloomberg spot gold was 0.22% higher at $2,630.38 an ounce as of 6:40 a.m.

The GIFT Nifty was trading 0.13% or 30.50 points down at 23,846.50 as of 6:40 a.m.

The Indian benchmark equity indices came out of a two-day decline and closed higher on the first trading day of 2025.

The NSE Nifty 50 closed 98.10 points or 0.41% higher at 23,742.90, and the BSE Sensex ended 368.40 points or 0.47% higher at 78,507.41.

Foreign portfolio investors have been net sellers for the 12th straight session, while the domestic institutional investors have been buyers for the 11th consecutive session. The FPIs offloaded stocks worth Rs 1,782.7 crore, while the DIIs bought stocks worth approximately Rs 1,690.4 crore.

The Indian rupee weakened by four paise to close at 85.65 against the US dollar.

Stocks To Watch

  • NMDC: The company reported iron ore total sales at 3.91 million tonnes in December, down 6.7% year-on-year. Iron ore total production was at 4.71 MT, up 5.1% year-on-year.

  • Tata Motors: Its total commercial vehicles sales dipped 1% year-on-year to 33,875 units, while total domestic sales was up 1% to 76,599 units and total passenger vehicle sales rose 1% to 44,289 units.

  • CSB Bank: The bank’s gross advances jumped 26% on a yearly basis to Rs 28,914 crore in the October-December quarter and reported a 22% growth in deposits at Rs 33,406 crore.

  • Maruti Suzuki India: The company’s total production volume rose 30% to 1.57 lakh, passenger cars production volume was up 21% at 78,553 units and total passenger vehicle production volume rose 30% to 1.55 lakh.

  • South Indian Bank: The bank’s gross advances jumped 12% on a yearly basis to Rs 86,965 crore in the October-December quarter and reported a 6.28% growth in deposits at Rs 1.05 lakh. The CASA ratio fell to 31.16% from 31.80% in the year-ago quarter.

  • Sandur Manganese & Iron Ores: The company received approval for enhancement of permissible annual production limit of iron ore from the present 3.81 MT per annum to 4.36 MTPA in mining from the Central Empowered Committee.

  • RailTel Corp.: The company received a work order worth Rs 78 crore from Bharat Coking Coal.

  • NTPC: The company’s third quarter power generation saw a growth of 3.82% as compared to the corresponding period in the previous financial year. The company generated 326 billion units of electricity in the October-December period.

  • DCX Systems: The company received export purchase order worth Rs 19.3 crore from its customer Elta Systems Ltd., Israel for manufacturing and supplying of backplane module assemblies.

  • Mazagon Dock Shipbuilders: The Defence Ministry approved the extension of additional charge of chairperson and managing director to Sanjeev Singhal.

  • Vishnu Prakash R Punglia: The company announced the receipt of a letter of intent for elevation works of academic blocks of Fintech Digital Institute, Jodhpur from the Department of Information Technology and Communication, Rajasthan, having a total value of Rs 31.3 crore.

  • Godawari Power: The company completed acquisition of 51% stake of Jammu Pigments on fully diluted basis.

  • Century Enka: KG Ladsaria, chief financial officer, has resigned from the company.

  • Goa Carbon: The company said that the operations at Bilaspur Unit have resumed.

  • Rajesh Exports: The company will be subscribing to 2.55 crore shares of its arm ACC Energy Storage of Rs 10 each at a premium of Rs 50 per share.

IPO Offering

  • Indo Farm Equipment: The public issue was subscribed 54.55 times on day two. The bids were led by non-institutional investors (131.84 times), retail investors (45.76 times) and qualified institutional investors (11.96 times).

Bulk Deals

  • Waaree Technologies: Multiplier Share and Stock Advisors sold 1.49 lakh shares (1.39%), Shalu Aggarwal bought 1.24 lakh shares (1.15%), while Vinay Jaiprakash Ambekar sold 6.32 lakh shares (0.58%) at Rs 507.8 apiece.

  • Responsive Industries: Brenzett sold 20 lakh shares (0.73%) at Rs 249.02 apiece.

Insider Trades

  • Kilburn Engineering: Promoter Firstview Trading bought 25,000 shares on Dec. 31.

  • Sterling Tools: Promoter Atul Aggarwal sold 58,440 shares on Dec. 3 and 4.

  • Sheela Foam: Promoter Rahul Gautam bought 17,500 shares on Dec. 4.

Who’s Meeting Whom?

  • Ceigall India: To meet investors and analysts on Jan. 6.

F&O Cues

  • Nifty January futures up by 0.42% to 23,907 at a premium of 165 points.

  • Nifty January futures open interest down by 0.16%.

  • Nifty Options Jan. 2 Expiry: Maximum call open interest at 24,500 and maximum put open interest at 23,000. 

  • Securities in ban period: Manappuram Finance.

Money Market

The Indian rupee weakened by four paise against the US dollar on the first trading session of 2025 on Wednesday, reflecting ongoing volatility in the currency market. The domestic currency closed at 85.65 against the greenback. Earlier in the day, it opened 2 paise weaker at 85.62, according to Bloomberg data.

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