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Market Highlights

Market Highlights January 2025

At the outset, I would like to wish you and your loved ones a “Happy, Healthy and Prosperous 2025”. Team Wiseinvest is grateful for your continued support and willingness to partner with us in pursuit of your investment goals.
The Sensex fell 109 points or 0.14% on the last session of CY24 to settle at 78,139. Overall, the Sensex gained 8.18% during the year and hit a high of 85,978. The Nifty ended the year at 23,658. It was up 8.76% in 2024 and reached a peak of 26,277. It was the ninth straight year that the two indices closed in green.
While it looked like 2024 could turn out to be a remarkable year for India’s equity market, heavy and relentless selling by FIIs, coupled with a weakening rupee, a number of geo-political issues dampened the market sentiment. After rallying nearly 19% between the start of the year and September 25, the benchmark indices – BSE Sensex and NSE Nifty50 – closed 2024 with moderate gains. Over the last three months, both these indices corrected around 10%.
The broader market out-performed, with the Nifty Midcap and Small cap indices delivering gains of over 20% each. Among sectoral indices, real estate, pharma, and healthcare led the rally by gaining between 33% and 41%.
Going forward, the first few months of 2025 are expected to remain volatile. Trump's taking over the Presidency and its implications for international trade will guide the global markets. The Union Budget and the Q3 earnings will also influence the market’s trajectory in the near term. Sectors like capital goods, technology, financial services, consumption, and healthcare are expected to do well in 2025. Besides, emerging areas such as semiconductors, electronic and manufacturing, renewable energy and electric mobility are likely to continue the good show.
India’s core sector output grew by 4.3% in November, touching a four-month high, up from 3.7% in October. GST collections rose 7.3% YoY to Rs 1.77 lakh crore in December as compared to Rs 1.65 lakh crore in the same month a year ago. The highest-ever collection was in April 2024 at over Rs 2.10 lakh crore.