The Indian market started 2025 on a positive note and ended the first trading day of the year in the green on Wednesday. The Sensex climbed over 360 points and the Nifty rose 0.4%, led by gains in financial services stocks. This positive start follows the market closing 2024 with an annual return of 8%, 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, up 98.10 points or 0.41%.

Here’s how analysts read market momentum:

Commenting on the day’s events, Vinod Nair, Head of Research at Geojit Financial Services, said the market started positively on the first day of 2025 and the recovery is broad-based while the sustainability of the trend depends on earnings growth in the third quarter, where the expectations on a QoQ basis are positive.

“A rise in core sector data and the prospect of a rise in capital expenditure by the government in the remaining sectors of the fiscally supported sectors such as capital goods, industrials, automobiles and energy,” Nair added.

US and European markets

Markets in the U.S., Europe and other global markets were closed on Wednesday for 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 short-term sentiment appears to be strong and the index rose for the second consecutive session.

“However, the biggest 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 other side, support is seen at 23,550,” De added.

The most active stocks based on sales

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 in terms of value at the NSE. Higher value activity on a counter can help identify the counters with the highest trading volumes of the day.

The most active stocks by volume

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

Stocks show 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 fell to their 52-week lows. Companies that hit their 52-week highs included Authum Investment, Blue Star, Lemon Tree Hotels, Muthoot Finance, Praj Industries, Lloyds Metals & Energy and Laurus Labs.

Stocks are under selling pressure

Stocks that faced significant selling pressure included Crompton Greaves, Can Fin Homes, Godfrey Philips, Crisil, Jindal Saw, Eris Lifesciences and Piramal Pharma.

Sentiment meter favors bulls

Market sentiment was optimistic. Of the 4,071 stocks traded on the BSE on Wednesday, 1,267 stocks registered a decline, 2,718 stocks registered a rise while 86 stocks remained unchanged.

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