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Sumit Poddar, Founder of Tikona Capital, predicts a rebound in the IT, manufacturing, and consumer discretionary sectors in 2025. He attributes this to lower interest rates, digital advancements, and capital investments. Urban spending is expected to recover in 2025, leading to positive market performance. Specific opportunities need to be identified within these sectors for optimal investment.

Mid-tier engineering R&D firms are expected to benefit from the shift from coding to computing. Deven Choksey believes growth is anticipated in Kotak Mahindra, ICICI Bank, and Bajaj Finance. Within capital markets, BSE looks promising while PSUs may consolidate post-budget. Quick commerce platforms like Zomato face profitability challenges in the near term.

​Currently, the government spending cycle, notwithstanding this year’s blip (which we think is a blip, and we will discuss the reasons later), looks to be on the path of continued increase. Secondly, PSUs today are more operationally efficient than they have ever been in the last 25 years of India’s history. Both of these factors give me conviction about PSU earnings and asset growth.

Indian market may consolidate Wednesday, with mixed global cues. Nifty gained 0.27% to 23,785 on Tuesday. Options data suggests a broader trading range of 23,300 to 24,300. Key stocks recommended for short-term trading include Westlife Foodworld, Zydus Life, Redington Ltd, SBI Life, Linde India, Eicher Motors, JK Cement, and Bank of Baroda.

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NTPC Share Price: NTPC has incorporated a new wholly owned subsidiary, NTPC Paramanu Urja Nigam Ltd, to lead its nuclear energy business. The subsidiary will focus on developing nuclear energy projects, including building and managing power stations. NTPC’s strong financials, including a 14% rise in net profit, reinforce its position as a leader in India’s power sector.

Gold February futures at MCX opened flat with a negative bias at Rs 77,440 per 10 gram, down by 0.12%, while silver March futures traded at Rs 90,840/kg, down by 0.04%. Prices were influenced by global central bank gold buying, a strong dollar index, and U.S. economic data.

Indian benchmark indices traded lower on Wednesday, influenced by other Asian markets, as strong U.S. economic data diminished expectations for multiple rate cuts from the Federal Reserve in 2025. The BSE Sensex fell 224 points, while the Nifty50 dropped 57 points by 9:26 am.

These 4 stocks showed RSI Trending Up on January 7

Updated at : 2025-01-08 15:20:03

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An uptrend signal occurs when the RSI value crosses above 50 from below.

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This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market

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