Sensex, Nifty climb in early trade on buying in IT, bank stocks
The Hindu
Sensex and Nifty rise in early trade on January 2, 2025, led by IT and bank stocks; global markets mixed.
Benchmark equity indices Sensex and Nifty climbed in initial trade on Thursday (January 2, 2025) amid buying in frontline IT and bank stocks.
The 30-share BSE benchmark Sensex climbed 242.95 points to 78,750.36 in early trade. The NSE Nifty went up by 69.25 points to 23,812.15.
From the 30 blue-chip pack, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Infosys, HCL Tech, Tech Mahindra, Mahindra & Mahindra and Tata Consultancy Services were the biggest gainers.
NTPC, Sun Pharma, Asian Paints and Adani Ports were among the laggards.
The gross GST collection rose 7.3 per cent year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower.
US markets were closed on Wednesday for New Year holiday.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday