Ira Singh 
The new calendar year began on a positive note for Indian equities, with the Nifty advancing to near 23,750,led by gains across most sectors while metal and realty stocks weighed on sentiment. At close, the Sensex was up 368.40 points or 0.47 percent at 78,507.41, and the Nifty was up 98.10 points or 0.41 percent at 23,742.90. About 2642 shares advanced, 1177 shares declined, and 83 shares unchanged.
Maruti Suzuki, M&M, Bajaj Finance, L&T, Eicher Motors were the top gainers on the Nifty, while losers included Dr Reddy's Labs, Hindalco Industries, Adani Ports, ONGC, Tata Steel.
On the sectoral front, except realty and metal, all other sectoral indices ended in the green with auto, power and capital goods indices up 1 percent each.BSE Midcap index was up 0.5 percent and smallcap index rose 1 percent.
Rupee Close:
On 01 Jan'25,the Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit, according to information.
The rupee closed at 85.64 against the U.S. dollar, down from its close of 85.6150 in the previous session. Global cues were muted on the day, with most markets shut for the New Year holiday.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the market started on a positive note on the first day of 2025. The recovery was broad-based, while the sustainability of the trend will depend on the earnings growth in Q3, where the expectation is positive on a QoQ basis. An uptick in core sector data and prospect of ramp-up in capex spending by the government in the remaining part of the fiscal aided sectors like capital goods, industrials, auto, and power.
Market experts have recommended five stocks to buy -Radico Khaitan Ltd , Pearl Global Industries Limited, Zomato Ltd, HCL Technologies Ltd and Bharat Dynamics Ltd
Maruti Suzuki, M&M, Bajaj Finance, L&T, Eicher Motors were the top gainers on the Nifty, while losers included Dr Reddy's Labs, Hindalco Industries, Adani Ports, ONGC, Tata Steel.
On the sectoral front, except realty and metal, all other sectoral indices ended in the green with auto, power and capital goods indices up 1 percent each.BSE Midcap index was up 0.5 percent and smallcap index rose 1 percent.
Rupee Close:
On 01 Jan'25,the Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit, according to information.
The rupee closed at 85.64 against the U.S. dollar, down from its close of 85.6150 in the previous session. Global cues were muted on the day, with most markets shut for the New Year holiday.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the market started on a positive note on the first day of 2025. The recovery was broad-based, while the sustainability of the trend will depend on the earnings growth in Q3, where the expectation is positive on a QoQ basis. An uptick in core sector data and prospect of ramp-up in capex spending by the government in the remaining part of the fiscal aided sectors like capital goods, industrials, auto, and power.
Market experts have recommended five stocks to buy -Radico Khaitan Ltd , Pearl Global Industries Limited, Zomato Ltd, HCL Technologies Ltd and Bharat Dynamics Ltd
(Business Correspondent)
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