US to announce Interest Rates, Tata Steel's hydrogen pipes, Special Trading session for B-Day, Nifty jumps above 23K, TVS Jumps 5% & more
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US to announce Interest Rates, Tata Steel's hydrogen pipes, Special Trading session for B-Day, Nifty jumps above 23K, TVS Jumps 5% & more
Wednesday, 29-January-2025
Sensex 76,532.96 ▲ 0.83% Nifty 23,163.10 ▲ 0.90%
Pointers:
- Markets opened above yesterday's closing point.
- Nifty 50 kept rising throughout the day.
- Realty and IT stocks rose the most. All sectors were positive today.
- FMCG stocks fell today.
- Global Markets:
- The US markets were up.
- European markets were mostly up.
- And Most Asian Markets were all up except for the Chinese market.
| Shriram Finance | Rs. 553.50 ▲ 4.41% |
| Bharat Electronics | Rs. 267.20 ▲ 3.47% |
| Tata Motors | Rs. 752.50 ▲ 3.61% |
| Wipro | Rs. 312.45 ▲ 2.92% |
| SBI Life | Rs. 1,460.90 ▲ 2.92% |
TOP LOSERS: (Nifty 50)
| Maruti Suzuki | Rs. 11,977.90 ⏷ 1.20% |
| Airtel | Rs. 1,600.45 ⏷ 1.11% |
| Asian Paints | Rs. 2,223.15 ⏷ 0.83% |
| ITC | Rs. 433.35 ⏷ 0.48% |
| Britannia | Rs. 5,037.05 ⏷ 0.47% |
News:
- The US Fed will announce changes (If any) in its interest rates tomorrow (30 Jan).
- Denta Water IPO is listed at a premium of 10.54% over its issue price.
- Dr. Agarwal's Health Care IPO has been subscribed over 0.07 times. Retail subscription: 0.1 times. Open till 31 Jan.
- The Multi Commodity Exchange of India (MCX) will be open on Saturday (1 Feb) for a special trading session from 9 AM to 5 PM. Stock exchanges, NSE and BSE, will also remain open on the account of the Union Budget 2025 announcement.
- Stocks rebounded, led by tech gains; Nvidia surged 8.9%, Broadcom rose 2.6%.
- Stock markets will open on Saturday.
Trending Stocks:
| TVS Motor Company | ▲ 5.52% |
| Bajaj Auto | ▲ 2.91% |
| JSW Energy | ⏷ 5.80% |
| Ambuja Cements | ⏷ 3.88% |
- Tata Steel: The Company became the first Indian company to develop pipes for transporting 100% pure gaseous hydrogen under high pressure.
- Adani Power: net profit for the Oct-Dec quarter rose 7% to Rs. 2,940 crores Quarter-on-Quarter. The board also approved the raising of Rs. 11,000 crore through the issue of non-convertible debentures.
- Tata Motors: net profit for the Oct-Dec quarter fell 22% to Rs. 5,451.00 crore Quarter-on-Quarter. But revenue rose 2.7% to Rs. 1,13,575 crore.
- Bajaj Finance: net profit for the Oct-Dec quarter fell 17% to Rs. 4,247 crores Quarter-on-Quarter.
- Maruti Suzuki: net profit for the Oct-Dec quarter rose 16% to Rs. 3,727 crores Quarter-on-Quarter. The board also approved the amalgamation of its subsidiary, Suzuki Motor Gujarat, with the company.
- Ambuja Cements: net profit for the Oct-Dec quarter rose 157% to Rs. 2,115 crores Quarter-on-Quarter.
1-Day Change
Featured Question:
“Nifty has the track record 13.7% returns in the longer term, many active funds have 18 % to 20% returns in the longer term, so why one could invest in index funds?”
This is a great question.
Are you sure the active mutual funds will continue to give
higher returns compared to index funds?
If yes, you should invest in active mutual funds, not index
funds.
In the US, most active mutual funds have failed to give
higher returns than index funds.
The theory is quite long but the short version is this:
their markets are very efficient — thanks to easy availability of information.
So it is difficult to get returns higher than the index.
Indian markets are relatively more inefficient.
Therefore, so far, many mutual funds have given higher
returns than index funds.
However, some people are arguing that the Indian markets are
becoming more efficient; that in the future, mutual funds will not be able to
give better returns than index funds.
This is a controversial topic. Nobody has a clear answer.
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