Indian Stock Market Update – January 8, 2025
As of 9:15 AM IST on January 8, 2025, Indian stock markets opened on a subdued note, mirroring trends in other Asian markets.
Key Indices
Nifty 50: Increased by 0.16% to 23,746.65 points.
BSE Sensex: Rose by 0.15% to 78,319.45 points.
Sector Performance
Out of 13 major sectors, nine registered gains at the opening.
The small-cap and mid-cap indices, focusing more on domestic markets, each gained about 0.2%.
Global Influence
This cautious opening follows a decline in U.S. markets, where strong economic data—such as accelerated services sector activity in December and increased job openings in November—suggested a resilient economy. This has led to expectations of fewer rate cuts from the Federal Reserve in 2025. Read More
Domestic Economic Indicators
The National Statistics Office (NSO) released the First Advance Estimates, indicating that India's GDP growth is projected to slow to 6.4% in FY25, a four-year low, compared to 8.2% in FY24. This is below the Reserve Bank of India's (RBI) projection of 6.6%. The slowdown is attributed to reduced government capital expenditure and sluggish private investments. Read More
Investor Sentiment
Foreign Institutional Investors (FIIs) were net sellers, offloading Indian equities worth ₹1,491.46 crore on January 7, while Domestic Institutional Investors (DIIs) were net buyers, purchasing shares worth ₹1,615.28 crore. Read More
Conclusion
The Indian stock market is experiencing cautious optimism, influenced by strong U.S. economic data and domestic growth projections. Investors are advised to monitor global economic indicators and domestic policy developments closely.