Indian equity benchmark -- Nifty -- ended Thursday’s trading session in a positive terrain on the back of buying in most of the sectoral indices. Index made a slightly positive start and extended its gains to trade higher, as some support came with the provisional data released by the government showing that the net goods and services tax (GST) collection grew marginally by 3.3 per cent Y-o-Y to Rs 1.54 trillion in December, amid an increase in refunds. Traders took note of Agriculture Minister Shivraj Singh Chouhan’s statement that the country's agriculture and allied sector is expected to grow at 3.5-4 per cent in 2024-25, marking a significant improvement from the 1.4 per cent rise recorded in FY24.
In afternoon session, index added more gains to continue its northward journey, as sentiments were upbeat after the Prime Minister Narendra Modi reiterated that the Government is fully committed to furthering welfare of farmers. Traders overlooked the report that India's manufacturing sector activity expanded at a slower pace in the month of December, hitting a 12-month low and indicating a weaker improvement in operating conditions. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 56.4 in December as against 56.5 in November. At the end, index settled near day’s high point with gains of 445.75 points.
Most of the sectorial indices ended in green except Media stocks. The top gainers from the F&O segment were Eicher Motors, Bajaj Finserv and Cholamandalam Investment and Finance Company. On the other hand, the top losers were Petronet LNG, Adani Total Gas and Jindal Stainless. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: