Stock markets update: Equity benchmark indices opened in green in early trade on Wednesday – the first day of the new year 2025. In the early trade, the 30-share BSE Sensex climbed 99.38 points to 78,251.76. Meanwhile, the Nifty was also up by 20.55 points to 23,665.35.
In terms of individual stocks, there was a noticeable uptick in shares like Sun Pharma, Asian Paints, Tech Mahindra, and HCL Tech. On the other hand, stocks such as Nestlé, IndusInd Bank, ICICI Bank, and Axis Bank saw a decline. On the last trading day of 2024, the Sensex closed down by 109 points, while the Nifty ended nearly flat. The benchmark Sensex fell by 109.12 points (0.14%) to settle at 78,139.01. The Nifty also saw a slight dip, closing with a marginal loss of 0.10 points at 23,644.80.
Investors’ wealth surges in 2024, market capitalization soars
The wealth of investors in the stock market rose by over Rs 77.66 lakh crore in 2024. During this period, the BSE Sensex gained more than 8%. Despite facing market fluctuations, bulls and bears battled throughout the year, and the Indian market still delivered impressive returns. On April 8, 2024, the market capitalization of listed companies on the BSE surpassed Rs 400 lakh crore for the first time. However, factors such as Foreign Institutional Investors’ (FII) selling, global uncertainties after the US presidential election, and rising inflation led to a significant decline in the market.
