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«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.

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.

«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.

Sanjiv Khanna on Thursday wished the lawyers and litigants a happy new year as the Supreme Court reopened after its winter vacation, which lasted from December 21, 2024, to January 1, 2025. «I wish you all a happy new year. May you have a happy new year, your families...,» the CJI said at the outset of the day's proceedings.

Maha Kumbh Mela 2025 is scheduled to commence on January 13 with the Paush Purnima Snan and conclude on February 26 with Maha Shivratri. Renowned as one of the most significant festivals in Hinduism, also known as Sanatan Dharma, the Maha Kumbh occurs once every 12 years. This grand event will be celebrated at the Triveni Sangam in Prayagraj, Uttar Pradesh, where the sacred rivers Ganga, Yamuna, and the mythical Saraswati meet.

Ashok Leyland on Thursday reported a 5 per cent increase in total sales to 16,957 units in December 2024 compared to 16,154 units a year ago. Domestic sales rose 4 per cent to 15,713 units from 15,153 units in December 2023, Ashok Leyland said in a statement.

Ashok Leyland Ltd.(up 3.38 per cent), Maruti Suzuki India Ltd.(up 2.86 per cent), Mahindra & Mahindra Ltd.(up 2.73 per cent), TVS Motor Company Ltd.(up 1.83 per cent) and Eicher Motors Ltd.(up 1.45 per cent) were among the top gainers.

United Spirits Ltd. traded at Rs 1679.00 on BSE at 10:56AM (IST) on Thursday, 1.34 per cent from previous close. The stock quoted a 52-week low price of Rs 1055.65 and a high of Rs 1684.00.

KM Sugar Mills Ltd.(up 3.53%), Kothari Sugars & Chemicals Ltd.(up 2.01%), Bannari Amman Sugars Ltd.(up 1.54%), Simbhaoli Sugars Ltd.(up 1.40%), Sakthi Sugars Ltd.(up 1.15%), Ponni Sugars(Erode)Ltd.(up 0.93%), Mawana Sugars Ltd.(up 0.73%), Rajshree Sugars & Chemicals Ltd.(up 0.33%) and Uttam Sugar Mills Ltd.(up 0.02%) were among the top gainers.

WeChat and ByteDance's TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied.

«We are at the end of that regulatory tightening cycle. Then second, interest rates have been very high for a long time. We are maybe three-six months away from where at least the liquidity part of the interest rates should start easing out unless Trump does something really drastic in US and then the asset quality cycle, that also in microfinance, personal loans, that we are already seeing that the deterioration has happened,» says Digant Haria, GreenEdge Wealth. Is it going to be bigger, better for the financial sector because last two to three years, the Bank Nifty has been underperforming the benchmark index. A lot of these stocks are just sideways. This morning there is a positive news at least on Kotak Mahindra Bank wherein you have Citi upgrading it. But is it going to be a year of financials come back? Digant Haria: So, you are right, last two years have been tough for the financial sector. The sector, it seems that the valuations are cheap, but then we have growth slowdown also. I do not think that the first half of 2025 is going to be any magic for this entire banking sector or the NBFC space. But we are very close to the bottom, if not the bottom and when we say bottom, it is in terms of business that the RBI started tightening somewhere 12 months back.

Shane Watson termed India's inability to travel to Pakistan for the Champions Trophy as «unfortunate» but said the ICC showpiece will offer star batters Virat Kohli and Rohit Sharma a chance to liberate themselves from a prolonged form slump. The global governing body has adopted the 'Hybrid' model for this edition of the CT with India scheduled to play its matches at a neutral venue in Dubai.

Tasty Bite Eatables Ltd.(up 2.71%), Dangee Dums Ltd.(up 1.76%), Sheetal Cool Products Ltd.(up 1.14%), Nakoda Group Of Industries Ltd.(up 0.76%), Nakoda Group Of Industries Ltd.(up 0.76%), Dodla Dairy Ltd.(up 0.69%), Euro India Fresh Foods Ltd.(up 0.68%), LT Foods Ltd.(up 0.58%), Heritage Foods Ltd.(up 0.53%) and Hindustan Unilever Ltd.(up 0.49%) were among the top gainers.

Narendra Modi on Thursday lauded the Maharashtra government's efforts to ensure all-round development in the state's remote and Maoist-affected areas. The prime minister's comments came a day after Maharashtra Chief Minister Devendra Fadnavis visited Gadchiroli, a district affected by left wing extremism, and asserted that the dominance of Naxalites in remote areas of the district was ending.

MphasiS Ltd. traded at Rs 2883.90 on BSE at 10:25AM (IST) on Thursday, 1.03 per cent from previous close. The scrip quoted a 52-week low price of Rs 2180.05 and a high of Rs 3239.55.

Avenue Supermarts Ltd. traded 0.75 per cent up at Rs 3588.25 at around 10:20AM (IST) on Thursday. The stock had closed at Rs 3561.20 in the previous session. Equity benchmark Sensex traded 386.06 points at 78893.47 around the same time.

Sandur Manganese & Iron Ores Ltd.(up 2.34%), 20 Microns Ltd.(up 2.20%), KIOCL Ltd.(up 1.91%), Aro Granite Industries Ltd.(up 1.69%), Ashapura Minechem Ltd.(up 0.96%), Gujarat Mineral Development Corporation Ltd.(up 0.81%), Lexus Granito(India)Ltd.(up 0.73%), Pokarna Ltd.(up 0.57%), NMDC Ltd.(up 0.54%) and The Orissa Minerals Development Company Ltd.(up 0.24%) were among the top gainers.

Subscribe to enjoy similar stories. The year has started and you have all the Nifty (or Nasdaq/S&P 500) forecasts for end 2025 from every stock-market expert, securities house and talking head on television. Keep them safe to check in December 2025.

BSE Sensex rose more than 300 points while the Nifty50 closed above 23700 levels. Sectorally, buying was seen in telecom, power, capital goods and auto stocks while selling was seen in metal and realty stocks.