So, it is again going to be back ended in terms of how the growth picture looks like because FY25 is a given is a soft year in terms of both the market performance. You have a 10% appreciation in calendar 24.
BEL, ONGC, HDFC Life, Hindalco and Power Grid were among the top losers on NSE.
The LTP is calculated based on the closing price of December 24, 2024.
A total of 4,652 shares changed hands on the counter till 11:21AM (IST).
Sustainable living and IoT-enabled smart homes gained traction, supported by government initiatives and infrastructure improvements.
The NSE Nifty index was trading 146.71 points up at 23896.9
Sandip Sabharwal shares his views on different sectors, predicting NBFCs to outperform large banks as monetary easing becomes imminent. He also sees potential in the QSR space and highlights overvaluation in EMS stocks. Real estate may face price declines or flat prices in 2025. The IPO market shows frothy valuations, but ancillary companies may benefit.
India’s government partly blames the central bank’s tight monetary policy for weak economic performance. They expect growth to improve in the second half of the fiscal year as demand increases and restrictive measures ease. The central bank may cut interest rates to support growth. Rural and urban demand shows signs of recovery.
The 30-share BSE Sensex was up 464.32 points at 78936.8
In 2025, the coal sector is expected to launch a coal exchange, enhance coal output, and focus on coal gasification for energy transition. India’s thermal and coking coal production, aligned with growing energy and steel demands, is projected to see significant growth, supported by government policies and incentive schemes.
Around nine equity mutual funds are down by more than 15% from their respective 52-week high NAV.
Bihar Chief Minister Nitish Kumar's 'Pragati' Yatra to Muzaffarpur and Vaishali districts scheduled for December 27 and 28 has been cancelled. This cancellation follows the demise of former Prime Minister Manmohan Singh. Singh, aged 92, passed away at AIIMS Delhi on Thursday night after being brought to the emergency department in critical condition.
KFin Technologies (KFin Tech) shares reached an all-time high of Rs 1,619.95 on the NSE, reflecting strong bullish momentum. The stock has surged over 50% in the past three months and around 35% in the last month, driven by positive technical indicators and growing investor confidence, signaling a continued upward trend in the stock's performance.
A total of 1,945 shares changed hands on the counter till 11:06AM (IST).
India is progressing in cell and gene therapy. Research includes treatments for leukemia, hemophilia-A, sickle-cell anemia, and more.
The 30-share BSE Sensex was up 473.12 points at 78945.6
A total of 199,433 shares changed hands on the counter till 11:01AM (IST).
Gold and silver prices saw positive momentum, with gold gaining Rs 250/10g and silver rising by Rs 2,800/kg over the past week. Geopolitical tensions, weak rupee, and holiday markets supported prices. Analysts expect steady prices with key support levels.
Goods and Services Tax (GST): GSTN in an a new advisory said now freight operation information system (FOIS) of the Indian Railways has now been integrated with the E-Way Bill (EWB) system of the Goods and Services Tax (GST). Experts say now buyers must be careful about the validity of the E-Way Bill generated by the seller. If there is any discrepancy goods can be seized by the GST officer.
Manmohan Singh passes away: India will observe a seven-day official mourning in remembrance of former Prime Minister Manmohan Singh, who passed away on Thursday. As a mark of respect to the departed dignitary, it has been decided that seven days of state mourning will be observed throughout India from December 26 to January 1, 2025, both days inclusive.
A total of 3,869 shares changed hands on the counter till 10:56AM (IST)
The Nifty Realty index was trading 0.49 per cent at 1072.00.
A total of 431 shares changed hands on the counter till 10:50AM (IST).