- Sensex surged 1,000 points, while Nifty surpassed 24,000 despite a mixed start.
- Auto stocks rallied up to 7.3% on strong December sales, with Eicher Motors leading.
- Petronet LNG shares dropped 8.5% following Citi’s “sell” rating due to regulatory concerns.
The Indian stock market opened on a mixed note but gained momentum, with the Sensex rallying 1,000 points and the Nifty crossing the 24,000 mark. Notable performers included auto stocks like Maruti Suzuki and Eicher Motors, which surged due to robust December sales data.
Other movers included KPI Green Energy, which climbed 4% ahead of its ex-bonus date, and Gujarat Toolroom, locked in the upper circuit for the second day on bonus share issuance anticipation.
Market Movers and Sector Updates: January 2025
The rally in auto stocks set the tone for a bullish day, reflecting optimism fueled by December sales growth. Eicher Motors gained 6.4%, with Maruti Suzuki shares also rising 5% after reporting a 30% sales surge. This sector-wide momentum lifted the Nifty Auto Index by 3%.
On the flip side, regulatory headwinds hit Petronet LNG, resulting in an 8.5% drop. Despite this, infrastructure-linked stocks like RailTel Corporation saw gains after securing a ₹78.43 crore order, showcasing investor interest in government contracts and growth-oriented projects.
Shares under ₹100 also gained attention, with Mercury Ev-Tech reaching its upper circuit on acquisition news and South Indian Bank remaining a popular intraday pick.
The stock market’s performance today reflects sector-specific trends, where strong sales and strategic moves have spurred gains, while regulatory hurdles impacted select stocks. Investors should continue to focus on market fundamentals for sustained growth.
“Successful investing is about managing risk, not avoiding it.” – Benjamin Graham
