HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Jan-15-2025

In volatile trading session, Indian equity benchmarks concluded the Wednesday’s trade in green territory following overnight fall in crude oil prices. Most part of the day, markets traded with gains amid ongoing Q3 earnings season. After making positive start, markets continued to trade in green, as investors continued to hunt for fundamentally strong stocks. As for broader indices, the BSE Mid cap index ended slightly in green, while Small cap index ended with limited gains.

Some of the important factors in today’s trade:

India’s December Trade Deficit narrows: Traders took some support as India's trade deficit narrowed to $21.94 billion in December from November's revised $32.84 billion. This is primarily on the basis of higher exports and month-on-month drop in overseas shipments.

U.S. consumer price inflation data due later in day: During the day, markets traded with limited gains as US consumer price inflation later in the day, which could provide more clarity on the Federal Reserve's interest rate trajectory.

Small finance banks’ growth likely to moderate to 18-20% in FY25: Credit rating agency ICRA in its latest report has said that the small finance banks (SFBs) had witnessed a strong growth momentum in FY2023 and FY2024, with expansion being driven by buoyant credit demand and improved product offerings by them.

Global front: European markets were trading higher amid UK consumer price inflation moderated unexpectedly in December. The consumer price index registered an annual increase of 2.5 percent in December, weaker than the 2.6 percent rise in November. The rate was seen unchanged at 2.6 percent. Asian markets ended mostly in red after reports emerged that U.S. President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month.

The BSE Sensex ended at 76,724.08, up by 224.45 points or 0.29% after trading in a range of 76,479.70 and 76,991.05. There were 19 stocks advancing against 11 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index gained 0.11%, while Small cap index was up by 0.34%. (Provisional)

The top gaining sectoral indices on the BSE were Utilities up by 2.45%, Power up by 1.75%, Realty up by 1.58%, IT up by 0.68% and Consumer Disc was up by 0.62%, while Healthcare down by 1.20%, Auto down by 0.53%, Oil & Gas down by 0.28% and FMCG was down by 0.02% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Zomato up by 5.13%, NTPC up by 3.35%, Power Grid Corp up by 3.03%, Kotak Mahindra Bank up by 2.24% and Maruti Suzuki up by 1.81%. On the flip side, Mahindra & Mahindra down by 2.86%, Axis Bank down by 2.28%, Bajaj Finserv down by 2.27%, Bajaj Finance down by 2.24% and Tata Motors down by 0.93% were the top losers. (Provisional)

Meanwhile, UK government has told Parliament that the Free Trade Agreement (FTA) talks with India have been relaunched to deliver a joint ambition of taking the bilateral relationship to ‘even greater heights’. During a debate on UK economic growth in the House of Commons, British Indian Labour MP Jeevun Sandher asked Foreign Secretary David Lammy about the steps being taken to get a ‘good UK-India trade deal over the line’. Describing 2025 as an ‘exciting year’ for the UK's trading relationship with India, the co-chair of the India All Party Parliamentary Group (APPG) flagged the ‘exchange of green technologies to help prevent and reduce the warming of our planet’ among the areas of focus.

Sandher, a first-time member of Parliament from Loughborough, in the East Midlands region of England, said ‘We are two nations with an intertwined history and common democratic ideals and we face the risks of a dangerous world and a warming planet’. In response, Lammy said ‘We have relaunched the Free Trade Agreement (FTA) - we have said that it is a floor, not a ceiling on our ambition - and it was important that a delegation of Indian businessmen met the chancellor of the exchequer, me and the prime minister [Keir Starmer] just a few weeks before Christmas’.

According to the official UK Department for Business and Trade (DBT) statistics, the total trade in goods and services between the UK and India was GBP 42 billion in the four quarters to the end of 2024. This is expected to be significantly enhanced with an FTA, negotiations for which began in January 2022 before being paused in the fourteenth round for general elections in both countries in 2024. The FTA talks are expected to resume later this month.

The CNX Nifty ended at 23,213.20, up by 37.15 points or 0.16% after trading in a range of 23,146.45 and 23,293.65. There were 26 stocks advancing against 24 stocks declining on the index.  (Provisional)

The top gainers on Nifty were Trent up by 3.72%, NTPC up by 3.53%, Power Grid up by 2.89%, Kotak Mahindra Bank up by 2.23% and Maruti Suzuki up by 1.76%. On the flip side, Mahindra & Mahindra down by 2.93%, Bajaj Finserv down by 2.44%, Axis Bank down by 2.36%, Bajaj Finance down by 2.15% and Shriram Finance down by 2.00% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 54.69 points or 0.67% to 8,256.23, France’s CAC rose 6.7 points or 0.09% to 7,430.37 and Germany’s DAX was up by 101.21 points or 0.5% to 20,372.54.

Asian markets ended mostly down on Wednesday, tracking Wall Street's mixed finish overnight ahead the release of December CPI data later in the day for greater clarity on the path of Federal Reserve rates over the coming months. But US producer prices rose by slightly less than expected in December, offering temporary relief to investors worried about inflation and interest rates. However, some falls were limited by reports that US President-elect Donald Trump's economic advisers are discussing slowly ramping up tariffs month by month, rather than imposing sizable levies in one go. Chinese shares fell ahead of Chinese 2024 GDP data due later in the week. Japanese shares declined, while yen strengthened after the Bank of Japan Governor Kazuo Ueda indicated that the central bank may consider raising interest rates if economic and price conditions continue to improve. The Kospi average ended marginally lower after impeached President Yoon Suk Yeol was arrested in connection with his failed declaration of martial law last month.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,227.12

-13.82

-0.43

Hang Seng

19,286.07

66.29

0.34

Jakarta Composite

7,079.56

122.89

1.74

KLSE Composite

1,562.12

-14.34

-0.91

Nikkei 225

38,444.58

-29.72

-0.08

Straits Times

3,772.58

-16.19

-0.43

KOSPI Composite

2,496.81

-0.59

-0.02

Taiwan Weighted

22,514.57

-282.95

-1.26
  RELATED NEWS >>
Most Viewed >>
January 13 , 2025
FoFs get their groove back: Tax tune-up resets
January 13 , 2025
Equity mutual funds lost up to 7% last week. H
January 04 , 2025
IPO Calendar: 11 public offerings to keep inve
January 08 , 2025
Why is Nifty Bank going up- top gainers on Ban
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.