Stock Market Live Updates 2 January 2025: Stock to buy today: IRB Infrastructure Developers (₹59.56)

Sensex, Nifty, Share Prices LIVE: The stock of IRB Infrastructure Developers was under selling pressure between July and November last year. But it found support at ₹45 in mid-November and rebounded sharply. After witnessing a minor dip in price recently the stock seems to have resumed the recovery. We expect the current upswing to lift the price to ₹70 in the near-term.

S tock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 2 January 2025. Equity markets kicked off 2025 on an optimistic note, with the benchmark indices closing higher led by strong gains in auto stocks and capital goods sectors. The BSE Sensex ended 368.

40 points or 0.47 per cent higher at 78,507.41 , while the NSE Nifty50 gained 98.

10 points or 0.41 per cent to close at 23,742.90.

Maruti Suzuki India Ltd on Wednesday reported 30 per cent rise in total wholesales at 1,78,248 units in December 2024 as compared to 1,37,551 units in the same month a year ago. Mukesh Ambani is understood to have started the process for the initial public offer of Reliance Jio Infocomm , and sources estimated the size of the offer in the range of ₹35,000-40,000 crore. The total turnover in the equity derivatives segment fell to a 13-month low in December with regulatory curbs kicking in from November.

Read the full report here The rupee weakened a shade to close at a record low of 85.6450 per US Dollar (USD) on Wednesday, the first day of trading in 2025, with importer demand for the greenback and USD’s strength weighing on it. Read the full report here Billionaire Mukesh Ambani is understood to have started the process for the initial public offer of Reliance Industries’ telecom arm, Reliance Jio Infocomm, and sources estimated the size of the offer in the range of ₹35,000-40,000 crore.

Read more The stock of IRB Infrastructure Developers was under selling pressure between July and November last year. But it found support at ₹45 in mid-November and rebounded sharply. After witnessing a minor dip in price recently the stock seems to have resumed the recovery.

We expect the current upswing to lift the price to ₹70 in the near-term. Read more With the continuation of new launches and discount offers since the festive period and expected price increases in January 2025, major car makers were able to sell more vehicles in December 2024 on a year-on-year (YoY) basis. However, some companies including Hyundai Motor India , Honda Cars India and Nissan India could not match the sales as compared to the same month previous year.

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