Business
By Amit - February 3, 2023
29 minutes ago
The Indian stock market is seeing a boom on the last trading day of the week, i.e. Friday. The Sensex is trading at a level of 60,150 with a gain of 217 points. At the same time, the Nifty has come up to the level of 17,640 with a gain of 30 points. This boom is being seen in the market for the fifth consecutive day. Out of 30 Sensex stocks, 18 are seeing a boom. At the same time, only 15 stocks declined.
Adani Enterprises fell more than 17%
Amidst this boom in the market, the shares of Adani Group companies are continuing to decline. A decline of 17% in Adani Enterprises and more than 10% in Adani Transmission is being seen. Apart from this, Adani Ports, Total Gas, Wilmar and Power are showing a decline of about 5-5%.
On the other hand, recently bought companies by Adani Group, Ambuja Cement NewsBust India is showing a decline of 5%, Ambuja Cement by 2% and ACC by more than 1%. Since the Hindenburg report came out, there has been a continuous decline in the shares of Adani Group.
Titan and Bajaj Finserv Top Gainers
Titan, Bajaj Finserv, Bajaj Finance, HDFC Bank, UPL, IndusInd Bank, HDFC and SBI Life are witnessing gains in 29 Nifty-50 stocks. On the other hand, 21 Nifty stocks are showing decline including Adani Enterprises, Adani Ports, Divis Lab, BPCL, Hindalco, Tata Consumer, HDFC Life and Hero MotoCorp.
The highest decline of 2% in the metal sector
Out of 11 sectoral indices of NSE, 4 are showing gains and 7 are showing decline. The maximum decline of 2% is seen in the metal sector. The realty sector has also declined by more than 1%. Apart from this, there is a slight decline in FMCG, IT, media, pharma and PSU bank sector. On the other hand, there is a slight increase in the bank, auto, financial services and private bank sector.
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