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Shares of cryptocurrency-focused companies such as Coinbase (COIN) and MicroStrategy (MSTR) jumped Thursday morning ahead of the first trading session of the new year as Bitcoin (BTCUSD) also rose.

Shares of Raymond Ltd.(up 4.93 per cent), Brigade Enterprises Ltd.(up 2.99 per cent), DLF Ltd.(up 1.33 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Phoenix Mills Ltd.(up 0.87 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 445.75 points up at 24188.65 amid buying in frontline bluechip counters.

Shares of Ipca Laboratories Ltd.(up 3.02 per cent), Granules India Ltd.(up 1.88 per cent), Gland Pharma Ltd.(up 1.77 per cent), Zydus Lifesciences Ltd.(up 1.75 per cent) and Glenmark Pharmaceuticals Ltd.(up 1.54 per cent) ended the day as top gainers in the pack.

The NSE Nifty index ended the session 445.75 points up at 24188.65, while BSE Sensex 1436.3 points to 79943.71.

Domestic benchmark index NSE Nifty ended 445.75 points at 24188.65, while the BSE Sensex closed 1436.3 points up at 79943.71.

Shares of Federal Bank Ltd.(up 2.81 per cent), Punjab National Bank(up 2.75 per cent), Kotak Mahindra Bank Ltd.(up 2.73 per cent), IndusInd Bank Ltd.(up 2.27 per cent) and Axis Bank Ltd.(up 1.39 per cent) ended the day as top gainers in the pack.

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Subscribe to enjoy similar stories. Businesses are bracing for another year of geopolitical uncertainty, with large question marks looming over President-elect Donald Trump’s foreign policy strategy and broader global tumult, despite some executives’ optimism about the year ahead. Geopolitical concerns remain top of mind amid general global uncertainty and, in particular, a continued reordering of the U.S.-China relationship.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. 0.43 per cent to Rs 6097.35 in Thursday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 24087.4, 344.5 points. The scrip had closed at Rs 6070.95 in the previous session. The stock quoted a 52-week low of Rs 3350.05 and a high of Rs 6448.75. The company quoted a market-cap of Rs 161935.83 crore on the BSE.

Indian Hotels Company Ltd. traded at Rs 874.90 on BSE at 01:28PM (IST) on Thursday, 0.2 per cent from previous close. The scrip quoted a 52-week low price of Rs 429.30 and a high of Rs 894.15.

«But Q3 is going to be better. But the earnings slowdown is probably going to take a couple of quarters to wear out. What has really happened is there has been this little bit of a change that we have seen,» says Nitin Raheja, Julius Baer Wealth Advisors. Hope 2025 is bigger, better, brighter for you as well as the markets. But is that the base case scenario because last year we saw gains of almost 9% on Nifty, but it was the smallcap and midcap indices which were up over 20-25%. Is it going to be another year where smallcaps and midcaps outperform massively or do you think there is room for largecaps to catch up? Nitin Raheja: So, what you have sort of highlighted is correct. I mean, last year was a pretty much of an anomalous year where the largecaps underperformed dramatically while the mid and smallcaps actually gave almost 70-80% outperformance vis-a-vis the largecaps.

Petronet LNG shares plunged as much as 6.7% on Thursday to Rs 324.05 on the BSE, pressured by critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding tariff-related issues and a bearish note from brokerage firm Citi placing the stock under a 90-day negative watch. PNGRB has called out Petronet LNG for profiting at the expense of gas consumers and is pushing for a framework to regulate its regasification activities. The regulator criticized the company for “profiting immensely” by annually increasing tariffs at its Dahej terminal while failing to pass on the benefits of capacity expansions and improved utilization.

«So, look to buy on dips, that should be your strategy for the current market scenario. At 24,000 today, the risk-reward is not favourable for fresh longs, but if there is an intraday dip, you can be a buyer at these junctures,» says Rahul Sharma, JM Financial Services. It seems like it is a good start of the new calendar year. Just yesterday, we have seen good gains and we are just building on to the gains. 23,900 is what we have crossed in today's trading session. What is your take coming in on the benchmark indices? Rahul Sharma: Well, it is a cheerful start to 2025 and the best thing about January or rather this quarter is there is a strong possibility that this month be a positive one because historically speaking around 20-23 years every time Nifty has given three months of negative returns, the four-month has been invariably positive, so that is a bit of statistic. But if we look at the institutional positioning, especially the FIIs long-short ratio, that bottoms out generally around that 12% mark. So, we have come close to 14% roundabouts and it is a matter of time that Nifty shakes out that and we start a structural recovery from here. Zooming into what exactly is happening today.

GTRI on Thursday called for a comprehensive assessment of the Indian steel industry to evaluate the impact of existing import measures before imposing the proposed safeguard duty. The Global Trade Research Initiative (GTRI) report has also claimed that the commerce ministry's ongoing safeguard investigation into alleged jump in imports of certain steel products suffers from «several» technical weaknesses such as focus on products with minimal import surges, and inappropriate use of global safeguards.

SRF Ltd. traded 0.02 per cent in Thursday's session at 01:08PM (IST). The stock opened at Rs 2211.00 and has touched an intraday high and low of Rs 2225.00 and Rs 2200.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 2697.45 and a 52-week low of 2088.55. About 3,752 shares changed hands on the counter so far.

Tata Power Company Ltd. 0.35 per cent to Rs 393.80 in Thursday's trade as of 01:13PM (IST). The stock hit a high price of Rs 394.00 and low of Rs 387.50 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 01:13PM shares and turnover at Rs 16.14 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 494.85 and 52-week low prices of Rs 319.80, respectively.

Bajaj Finance shares surged 5.8% on Thursday to a high of Rs 7,272.95 on the BSE following a positive outlook report by global brokerage firm Citi, which maintained a ‘buy’ rating on the stock with a price target of Rs 8,150 per share, citing a 90-day positive catalyst watch. The target price indicates an upside potential of 17.5% in the stock from its previous closing price.

ACC Ltd. 0.9 per cent to Rs 2070.05 at 12:12PM (IST) in Thursday's trade. The counter has hit a high of Rs 2071.25 and low of Rs 2040.05 so far during the session. The stock had closed at Rs 2051.45 in the previous session. The counter has had a total traded volume of 2489 shares so far with a value of Rs 0.52 crore on the NSE. It traded at a price-to-earnings multiple of 18.92 and a price-to-book ratio of 2.87.

«I guess 2025 will perhaps not see acceleration in growth slowdown, but more of the same of 2024 would likely continue, that is how I kind of think of how macro would evolve,» says Maneesh Dangi, Macro Mosaic Investing. So, tell me, is it going to be as happy in the year ahead or not because the macros definitely have gotten wobbly, some of it is already in the price in the year gone by, but what is lined up ahead? Maneesh Dangi: I guess in 2024, the macro sort of evolved, surprisingly that US continued to stay strong, but India certainly weakened a lot more than what most of us anticipated. And I guess since these growth trends to last for longer than six-eight months, it is more likely than not that India would continue to stay in a slow lane. At some point in time, hopefully US slows and then gives us breathing space to cut rates and ease regulatory environment, and of course, that perhaps would put a floor to the growth slowdown. So, I guess 2025 will perhaps not see acceleration in growth slowdown, but more of the same of 2024 would likely continue, that is how I kind of think of how macro would evolve.

Bharat Electronics Ltd. traded 0.42 per cent at Rs 292.65 at 12:27PM (IST) on Thursday, even as BSE benchmark Sensex 816.01 points to 79323.42. The scrip had closed at Rs 293.90 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 340.35 and Rs 171.70, respectively.