India’s benchmark indexes rose on the first day of 2025, driven by a surge in monthly sales at top carmakers Maruti Suzuki and Mahindra & Mahindra.
The Nifty 50 index gained 0.41% to reach 23,742.90 points, while the BSE Sensex index rose 0.47%. The auto sector led the gains, with a 1.3% increase, as Maruti Suzuki’s sales to dealers jumped 30%, and Mahindra & Mahindra’s car sales rose 18% amid strong demand for sports utility vehicles.
Maruti Suzuki was the top Nifty 50 gainer by percentage, followed by Mahindra & Mahindra. The market’s performance in 2025 will be shaped by corporate earnings, India’s federal budget, and US President-elect Donald Trump’s policies.
Smaller companies like Bajaj Auto and Escorts Kubota lost ground due to declining sales, while power generation firm SJVN rose 6.2% after signing a deal for energy storage projects.
Source: https://www.reuters.com/markets/asia/indian-shares-set-marginal-gains-start-new-year-2025-01-01