As of January 1, 2025, the Nifty 50 index closed at 23,742.90 points, marking a 0.41% increase from the previous session.
This uptick was primarily driven by the automotive sector, with notable gains from Maruti Suzuki and Mahindra & Mahindra, following strong monthly sales figures.
In 2024, the Nifty 50 achieved an annual gain of 8.8%, its ninth consecutive year of growth. However, it underperformed compared to global peers due to sluggish corporate earnings and significant foreign fund outflows. The index reached record highs in September but entered correction territory by November, influenced by record foreign selling in October and slowed earnings growth.
Analysts anticipate that in 2025, the Nifty 50 may experience increased volatility, potentially ranging between 28,000 and 29,000 points. This projection is based on expected market fluctuations and mixed economic indicators.
Overall, the Nifty 50's performance will likely be influenced by factors such as corporate earnings, foreign investment flows, and global economic conditions. Investors are advised to monitor these developments closely to make informed decisions.
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