We have left the year 2024 behind. The year 2025 has started. Sensex and Nifty opened weak on January 1. Then both came in green mark. There are many events in January that can change the direction of the stock markets. Donald Trump will become the President of America on January 20. The policy of the American government is going to take a turn. The third quarter results season is about to begin. Finally, the date of presentation of Union Budget 2025 is approaching.
If we talk about January, this month has not been very positive for the stock markets. Seven times in the last 10 years, the returns of major stock indices in January have been negative. If this is taken as an indication, then this January also the bears may have the upper hand over the bulls in the stock markets. Selling by foreign investors (FIIs) continues. If we talk about history, between 2015 and 2024, FIIs have bought less and sold more in January six times.
2025 will not disappoint investors. Trump’s policy can be positive for India. The performance of companies may be better in the third quarter. The government can make announcements to boost the stock markets in the Union Budget 2025. Third quarter GDP growth data may raise new hopes. On the other hand, Sanjay Malhotra in RBI can give a new direction to the monetary policy. Overall, on the first date of 2025, the picture is looking more positive than negative. Let’s celebrate the beginning of the new year.
Shares of Vodafone Idea closed 2 per cent higher at Rs 7.94 on December 31. The reason for this is a decision of the government. The government has exempted telecom companies from bank guarantee for allotment of spectrum in the last auction. Citi has said that Vodafone Idea has got a big relief from this decision of the government. The reason for this is that this bank guarantee was the biggest obstacle for Vodafone Idea to take new loans from banks. Despite raising new funds recently, the number of Vodafone Idea customers is declining. The main reason for this is the delay in starting 5G services.
Shares of Jindal Steel and Power closed 1.2 per cent higher at Rs 930 on December 31. The reason for this is the report of Nuvama. The brokerage firm has advised to buy shares of Jindal Steel and Power. He has given a target price of Rs 1,292 for the shares of Jindal Steel and Power. The impasse regarding the company’s pellet plant has been resolved. This will increase steel production. Production is expected to increase to 8.3 million tonnes in FY26. On one hand the company is increasing production and on the other hand steel prices are expected to rise in the March quarter. In such a situation, there seems to be good prospects for the company.