As the Indian stock market steps into 2025, investors are gearing up for an eventful trading week.
On the first trading day of the year, January 1, 2025, GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lower opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 35 points lower at 23,734.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday.
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Prior to this, On December 31, the last trading day of the year, the benchmark indices ended on a lackluster note. The Sensex dropped by 109.12 points to settle at 78,139.01, while the Nifty 50 remained almost flat, losing just 0.1 points to close at 23,644.80.
Stocks to watch on January 1, 2025
ITC
ITC is set to finalise the demerger of its hotel business, with January 1, 2025, as the effective date. Shareholders will keep a close watch, especially with January 6 marked as the record date for eligibility.
Thomas Cook
Travel services giant Thomas Cook revealed a cyberattack on its IT infrastructure. The company has taken swift action to investigate the breach and is collaborating with cybersecurity experts to contain the impact.
ITD Cementation
The construction giant bagged a Rs 1,648 crore marine contract for the Vadhvan Port in Maharashtra, poised to be India’s largest deep-water port.
Kalpataru Projects
The company secured Rs 1,011 crore worth of orders across transmission, railway, and building projects.
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Kirloskar Industries
Kirloskar Industries plans to contest a recent SEBI directive asking for disclosure of a 2009 family settlement agreement. The legal challenge could attract investor attention,
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