02/01/25



 As of January 2, 2025, the Nifty 50 index closed at 24,188.65, marking a 1.88% increase from the previous close of 23,742.90.

Economic Times

In 2024, the Nifty 50 achieved an annual gain of 8.8%, its ninth consecutive year of growth. However, it underperformed compared to global peers due to sluggish corporate earnings and significant foreign fund outflows. The index reached record highs in September but entered correction territory by November, influenced by record foreign selling in October and slowed earnings growth.

Reuters

Sector-wise, the pharmaceutical sector led with a 39% rise, while small-cap and mid-cap indexes outperformed the benchmarks with gains of about 24%. Notable stock movements included a decline in Reliance Industries and Asian Paints, while Trent emerged as the top gainer.

Reuters

Analysts anticipate that macroeconomic factors and forthcoming policy directions will significantly influence market trends in 2025. The upcoming Q3 earnings season is expected to be a critical factor in shaping market movements, with attention likely shifting toward expectations from the Union Budget and key policy developments under the new administration.

Enrich Money

It's noteworthy that in the past, the Nifty 50 has shown varied performance in January, with 15 out of 27 years yielding negative returns during this month.

Moneycontrol

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