Indian shares set for marginal gains to start the new year
Live Mint- India's benchmark indexes are set to open marginally higher on Wednesday, the first session of 2025, with analysts expecting the markets to trade near current levels ahead of quarterly earnings season from next week. Other Asian markets declined on the day, with the MSCI Asia ex-Japan index shedding 0.5%, as elevated U.S. Treasury yields continued to weigh on emerging markets. The benchmark Nifty and Sensex indexes blazed to record highs in the first few months of 2024 but slowing corporate earnings and an exodus of foreign funds curtailed their annual gains to about 8.5%, the least among major global peers, and even pushed stocks into correction territory. STOCKS TO WATCH ** SJVN signs a deal with a state government to develop a 1000 MW pumped storage project ** Kalpataru Projects secures orders worth 10.11 billion rupees ** Dynacons Systems and Solutions wins orders worth 2.8 billion rupees ** Automakers will be in focus ahead of monthly sales data for December