Latest Stock Market News

A total of 4,042 shares changed hands on the counter till 10:51AM (IST).

Gold prices edged higher on January 1, 2025, following a strong 2024. February gold futures rose by Rs 66 to Rs 76,814 per 10 grams. Despite pressure from a rising dollar index and US housing data, gold saw positive movement.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

The new orders include projects in the transmission and distribution (T&D) sector in international markets, along with contracts in the Railway and Buildings & Factories (B&F) segments within India.

The Indian market is expected to trade lower on Wednesday due to weak global cues, with growing caution as reflected by the rise in India VIX. Experts note indecision in the derivatives space, marked by significant open interest around the 23,500 and 24,000 strike levels. Nifty faces resistance near 23,900-24,000 and support at 23,500. Short-term stock recommendations include APL Apollo, ITC, and Coal India.

Sun Pharma stated that it has entered into an agreement with Zaza Industrial Holdings K.K., Japan, to sell 100% of its shares in Sun Pharma Japan Technical Operations, a step-down subsidiary.

Experts predict cautious optimism for the stock market in 2025. Focus is on largecap stocks due to high valuations and concerns about corporate profitability. Mid and smallcap stocks may face volatility. Recommendations include investing in capex-related sectors, large private banks, and defensive bets like IT and healthcare.

Since March, Muthoot Finance’s stock price has been trending upwards, making higher highs and lows on the weekly chart. It is currently facing resistance at 2,160. If it sustains above this level, it may target 2,270 and 2,330. The RSI is below the super bullish zone, but once it enters, the stock could see rapid upward movement. Support is at 2,100.