Key economic indicators
Actual on 16:00 on January 03
World economic indicators
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Stocks
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Change
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|---|---|
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🇮🇳 Nifty 50
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- 0.82%
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🇮🇳 Sensex
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- 0.97%
|
|
🇮🇳 India VIX
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- 1.09%
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🇺🇸 S&P 500
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+ 0.99%
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🇺🇸 Nasdaq
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+ 1.34 %
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🇺🇸 Dow Jones
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+ 0.58%
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🇪🇺 Euro Stoxx
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- 0.95%
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🇨🇳 China A50
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- 0.75%
|
|
🇨🇳 DJ Shanghai
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- 1.65%
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🇬🇧 FTSE 100
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- 0.44%
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🇯🇵 Nikkei 225
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- 0.96%
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🇮🇩 IDX Composite
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+ 0.02%
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🇸🇦 Tadawul All Share
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+ 0.21%
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Top Gainers on Indian Stock Market
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Stocks
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Change
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|---|---|
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Tata Motors
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+ 3.33%
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Titan Company
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+ 1.7%
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Hindustan Unilever
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+ 1.49%
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nestle India
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+ 1.47%
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Reliance Industries
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+ 0.78%
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Top Losers on Indian Stock Market
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Stocks
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Change
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|---|---|
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Wipro
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- 3.03%
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HDFC Bank
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- 2.46%
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Tech Mahindra
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- 2.23%
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Tata Consultancy
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- 2.03%
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ISICI Bank
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- 1.97%
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News
DMart’s Growth Play
DMart’s parent, Avenue Supermarts, is keeping the revenue engine running with a solid 17.5% jump in standalone revenue for Q3FY25, clocking in ₹15,565.23 crore compared to ₹13,247.33 crore last year. After a lukewarm Q2FY25, this bounce-back quarter is like DMart reminding everyone who’s boss in the retail game—or at least trying to. With online grocery giants and quick commerce players flooding these spaces, DMart’s high-turnover metro stores are feeling the squeeze. Kotak’s analysts point out that a big chunk—117 out of its 377 stores in September—are in these hyper-competitive urban jungles. Naturally, that’s where the quick commerce players are bringing their A-game. But DMart isn’t just sitting back. They’ve revved up store openings to 10 new locations in the December quarter, bringing the total count to 387. If Nuvama’s crystal ball is right, FY25 will see 45 more stores added to the roster—a solid upgrade from FY24’s 41. DMart is fighting on multiple fronts—expanding its footprint, fending off online competition, and leaning on its tried-and-true “discount powerhouse” model. Whether this strategy keeps its metro dominance intact is the real plot to watch. But one thing’s clear: DMart’s not backing down anytime soon.
Bank of Maharashtra Powers Ahead with Strong Q3 Update
Bank of Maharashtra’s stock surged over 6% on Friday as the lender revealed an impressive set of numbers for Q3 FY25. Total business soared 16.9% year-on-year to ₹5.08 lakh crore, driven by robust growth in both advances and deposits. Gross advances jumped 21.19%, reaching ₹2,28,652 crore, while total deposits climbed 13.54% to ₹2,79,018 crore. The bank’s CASA deposits, a key metric of low-cost funding, rose 11.5% to ₹1,37,504 crore, reinforcing its solid deposit base. Meanwhile, the credit-deposit ratio improved to 81.95% from 76.78% last year, signaling efficient lending practices and healthy balance sheet management. On the stock front, Bank of Maharashtra shares hit an intraday high of ₹56.09, marking a 6.2% jump. Although the stock remains 23% below its 52-week high, it has gained 24% from its yearly low and added over 5% in the first few sessions of January 2025, showing signs of recovery from December’s dip. With consistent financial performance, a rising credit-deposit ratio, and strong CASA growth, Bank of Maharashtra is showcasing resilience and profitability. The latest update underscores its growth trajectory, making it a key player to watch in the public sector banking space as it builds momentum into 2025.
Wockhardt’s Antibiotic Approval Sends Shares Soaring
Wockhardt’s stock rocketed 9.5% in early trade on Friday, reaching ₹1,583, its highest point in nine years. The surge came after the company secured regulatory approval for Miqnaf (nafithromycin), a groundbreaking antibiotic to treat Community-Acquired Bacterial Pneumonia (CABP) in adults. The approval by the Central Drugs Standard Control Organization (CDSCO) follows a nod from its Subject Expert Committee, bolstering Wockhardt’s position as an innovator in pharmaceutical solutions. This momentum isn’t limited to Miqnaf. The company’s US FDA Fast Track-designated β-lactam enhancer, WCK 6777, also completed Phase I trials in the US, highlighting a pipeline rich with potential. Financially, Wockhardt is riding high. Q2FY25 revenue hit ₹818 crore, up 7% quarter-on-quarter, while EBITDA surged 71% to ₹139 crore. For the first half of FY25, revenue grew 10% year-on-year to ₹1,565 crore, and EBITDA more than doubled, climbing 112% to ₹239 crore.
Adani Ports Keeps Growth Momentum
Adani Ports and Special Economic Zone Ltd (APSEZ) has once again demonstrated its operational strength, handling 38.4 MMT of cargo in December 2024, an 8% year-on-year increase. Container handling stole the spotlight with a stellar 22% YoY growth, while the liquid and gas segment chipped in with a steady 7% rise. For the nine months ending December 2024, the numbers tell a robust story. Total cargo handled climbed to 332.4 MMT, marking a 7% YoY growth. Containers led the charge with a 9% increase, trailed by liquids and gas, which posted an 8% rise. Logistics rail volumes also showed promise, reaching 0.48 million TEUs—a 9% jump YoY. The General Purpose Wagon Investment Scheme (GPWIS) added another highlight, logging a 13% surge to 16.1 MMT. Financially, Adani Ports remains on a roll. In Q2FY25, it reported a net profit of ₹2,445 crore, a whopping 39.9% rise YoY, driven by handling 111 MMT of cargo, up 10% from the same period last year. The consistent growth across segments—containers, liquids, and rail logistics—reflects the company’s strategic adaptability and its ability to meet rising demand. Adani Ports is clearly navigating the waves of opportunity with precision, setting a strong course for the future.
Yes Bank Climbs as Q3 Business Update Sparks Buying Interest
Yes Bank shares started Friday’s trading session on a high note, fueled by a positive business update for the October-December 2024 quarter. The stock opened with an upside gap and reached an intraday high of ₹20.19 on the NSE, gaining over 2% in early trade. This uptick followed the bank’s Q3FY25 performance disclosure, released just before the opening bell. The bank reported a 12.6% year-on-year increase in loans and advances, reaching ₹2,45,035 crore, compared to ₹2,17,523 crore in Q3FY24. Quarter-on-quarter, this represented a 4.2% rise from ₹2,35,117 crore. Deposits also saw robust growth, climbing 14.6% YoY to ₹2,77,199 crore, up from ₹2,41,831 crore during the same quarter last year. Market experts attribute the surge in Yes Bank’s stock to these solid numbers, which signal a strong financial trajectory for the lender. Analysts highlight that the technical charts for Yes Bank also look favorable, with the stock showing strong support at ₹19 and resistance at ₹22. A close above ₹22 could potentially propel the price to ₹24 in the near term. Investors have responded positively to the news, with many viewing this as a good opportunity for short-term gains. Analysts recommend maintaining a strict stop-loss at ₹19 to manage risk while holding positions or initiating new ones.
India’s Smartphone Market May Cross $50 Billion in 2025
India’s smartphone market is projected to exceed $50 billion (approximately â‚ą4,28,900 crore) in 2025, driven by the rising demand for premium devices, according to a report by Counterpoint Technology Market Research. This marks a significant leap from the $37.9 billion (â‚ą3.25 lakh crore) market size recorded in 2021. Apple India reported a total income of â‚ą67,121.6 crore for FY24, while Samsung’s mobile division posted â‚ą71,157.6 crore in revenue during the same period. For the first time, the average retail selling price of smartphones in India is expected to surpass $300 (around â‚ą25,700) in 2025. Apple’s Pro models are anticipated to remain in high demand, supported by local manufacturing and strategic price adjustments across its iPhone range. Meanwhile, Samsung continues to gain momentum with its value-driven approach, especially within the flagship S series. Chinese brands like Vivo, Oppo, and OnePlus are also tapping into the affordable premium segment, offering advanced features like enhanced camera systems within the â‚ą30,000–₹45,000 range. The premium segment, defined as devices priced above â‚ą30,000, is predicted to account for over 20% of the market share by 2025.
Hamps Bio Riding High After a Rocky Debut
Hamps Bio is making waves in the stock market once again, continuing its hot streak on Friday, January 3, with shares locked at ₹81.86, marking a 5% upper circuit limit. After a show-stopping debut on December 20, where the stock surged 90% from its issue price of ₹51 to ₹96.9, it quickly became a talk of Dalal Street. Investors who jumped in early were treated to an almost 100% gain on day one, with the stock closing at ₹101.7. However, the initial euphoria soon gave way to some profit-taking, and the stock pulled back to ₹75. Fast forward to today, and it’s back on track, riding the momentum of a solid recovery. At current levels, it’s trading 60.5% above the IPO price, proving that the initial excitement wasn’t just a flash in the pan. The company, which raised ₹6.22 crore by offering 12.22 lakh shares, has caught investors’ attention not just for its strong debut but also for its solid fundamentals. For FY24, it posted a net profit of ₹50 lakh, up from ₹36 lakh the previous year.
FTSE 100 Holds Ground Amid Energy Boost and Retail Woes
London’s FTSE 100 barely moved on Friday, consolidating gains after touching a two-week high the day before. Heavyweight energy stocks provided a buffer against broader losses, helping the blue-chip index stay steady, while the mid-cap FTSE 250 edged down 0.2%. Despite the slight dip, both indexes are poised to mark their second consecutive week of gains. Industrial metal miners took a hit, dropping 1.1% to lead sectoral declines, as a stronger dollar weighed on base metal prices. Meanwhile, energy shares rose by 1%, bolstered by oil prices stabilizing at a two-month high reached on Thursday. Thin trading volumes, typical of the holiday-shortened week, added to the subdued market activity. Inflationary risks tied to UK Finance Minister Rachel Reeves’ October budget, which could challenge the Bank of England’s cautious pace in monetary easing. With two rate cuts totaling 50 basis points already delivered in 2024, markets are eyeing another 60 bps reduction this year.
Overview
After a solid run the day before, the Indian stock markets took a dive on Friday, January 3, with both the Sensex and Nifty 50 tumbling, driven largely by profit booking and a rising US dollar. The Sensex opened slightly higher but quickly lost steam, plummeting 834 points to hit an intra-day low of 79,109.73. It recovered a bit before closing down 721 points, or 0.90%, at 79,223.11. Meanwhile, the Nifty 50 had a similar tale of decline, dipping 213 points at one point, before settling 184 points lower at 24,004.75. While the large-cap stocks took a beating, the mid and small-cap indices fared better. The BSE Midcap index slid only 0.33%, and the Smallcap index barely budged, down just 0.02%. But the real action was in the sectors: banks, financials, IT, and pharma bore the brunt of the day’s losses. Nifty Bank dropped 1.20%, while Nifty IT and Nifty Pharma each saw declines of over 1%. Experts pointed to profit-taking in heavyweight stocks like HDFC Bank, ICICI Bank, TCS, and Zomato as the primary culprits behind the downturn. With valuations stretched and earnings under pressure, investors are looking for ways to lock in gains before the market hits a rough patch. The dollar, meanwhile, is hitting two-year highs against a basket of currencies, further pressuring emerging markets like India. Looking ahead, analysts predict volatility will be the theme in January, with key events like the US Fed’s policy meeting at the end of the month, India’s Union Budget presentation on February 1, and the RBI’s monetary policy review in early February adding to the market’s jitters. On the commodity front, gold and oil saw modest gains. Gold prices edged higher by â‚ą330, with 24-carat gold now priced at â‚ą7851.3 per gram. Silver remained flat at â‚ą93,500 per kg, while oil prices continued their upward trend. Brent crude climbed 0.2%, reaching $76.09 per barrel, buoyed by hopes that global governments will ramp up policy support to spark economic recovery and fuel demand.