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Ahead of Market: 10 things that will decide stock market action on Thursday

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The Indian market kicked off 2025 on a positive note, ending in green on the first trading day of the year on Wednesday, with the Sensex climbing over 360 points and the Nifty rising 0.4%, led by gains in financial services stocks. This upbeat start follows the market wrapping up 2024 with an 8% annual return, marking its ninth consecutive year of growth.

The benchmark BSE Sensex rose 368.40 points or 0.47% to close at 78,507.41, while the broader Nifty 50 index closed at 23,742.90, higher by 98.10 points or 0.41%.

Here’s how analysts read the market pulse:

Commenting on the day’s action, Vinod Nair, Head of Research at Geojit Financial Services said the market started on a positive note on the first day of 2025, and 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,” Nair added.

US & European markets

US, European and other global markets were shut on Wednesday on account of the New Year’s Day.

Tech View

The Nifty remained volatile but maintained a positive bias throughout the day, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the short-term sentiment appears strong, with the index rising for the second consecutive session.

“However, the key hurdle remains the index’s position below the 200-day moving average (200DMA). The ongoing rally may face resistance around 23,900–24,000. A decisive move above 24,000 could trigger an extension towards 24,500. On the downside, support is seen at 23,550,” De added.

Most active stocks in terms of turnover

Tanla Platforms (Rs 1,952.95 crore), ITI Ltd (Rs 1,081.71 crore), Go Digit General Insurance (Rs 1,053.41 crore), ITC (Rs 883.99 crore), Kaynes Technology (Rs 814.83 crore), SJVN (Rs 780.35 crore) and Amber Enterprises (Rs 778.20 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.

Most active stocks in volume terms

Vodafone Idea (Traded shares: 31.87 crore), SJVN (Traded shares: 7.07 crore), Suzlon Energy (Traded shares: 6.22 crore), YES Bank (Traded shares: 5.19 crore), Easy Trip Planners (Rs 3.35 crore), IRB Infra Developers (Traded shares: 3.15 crore) and IREDA (Traded shares: 3.10 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

Shares of Tanla Platforms, Maharashtra Seamless, Clean Science & Technology, Century Ply, Techno Electric, ABB Power and Adani Wilmar were among the stocks that witnessed strong buying interest from market participants.

52 Week high

Over 153 stocks hit their 52 week highs today while 37 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Authum Investment, Blue Star, Lemon Tree Hotels, Muthoot Finance, Praj Industries, Lloyds Metals & Energy and Laurus Labs.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were Crompton Greaves, Can Fin Homes, Godfrey Philips, Crisil, Jindal Saw, Eris Lifesciences and Piramal Pharma.

Sentiment meter favours bulls

The market sentiments were bullish. Out of the 4,071 stocks that traded on the BSE on Wednesday, 1,267 stocks witnessed declines, 2,718 saw advances, while 86 stocks remained unchanged.

Also read | ITC Hotels demerger: Record date, demerger ratio, price target and other details to know

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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