Indian stock markets opened on a positive note on Wednesday, January 1, with the BSE Sensex and NSE Nifty50 showing slight gains, despite subdued activity due to the New Year's Day holiday.

The stock market kicked off the new year on a positive note, with both the BSE Sensex and NSE Nifty starting the first trading day of 2025 in the green.

The BSE Sensex fell 687.34 points to hit a low of 77,560.79. Nifty tested the sub-23,500 level and was later trading at 23,460.45, down 116.55 points or 0.49 per cent.

Highlights: On the last trading day of the year, Sensex ended 109 points lower amid weakness in IT and select banks. IT index slipped 1.5%, while India VIX rose over 3% on Tuesday.

This comes after the stock market experienced a crash during the later trading hours of the previous day's session.

Indian benchmark indices outperform global peers in 2025, driven by domestic liquidity, with potential for growth in IT and banking sectors.

The BSE ​​Sensex slipped 109 points while Nifty50 ended flat on the last trading day of the year 2024 amid persistent foreign fund outflows as selling in heavyweight IT stocks weighed on the benchmarks.

The BSE Sensex settled at 78,139.01, down by 109.12 points or 0.14 per cent, while the NSE Nifty 50 closed at 23,644.80, losing 0.1 points 0r 0.00042 per cent . The Nifty Bank, a critical barometer for financial stocks,

The Sensex closed 109 points, or 0.14 per cent, down at 78,139.01, while the Nifty 50 settled at 23,644.80, down 0.10 per cent.