On Wednesday, domestic equities rose for the second straight day, driven by increases in the Adani and Tata Motors stocks. The benchmark Sensex on the BSE scaled the 64,000 level and reached a new high of 64,012.16 during the intraday session. The Nifty50 on the NSE also crossed the 19,000 thresholds and reached 19,003.20.
By 1.20 am, the Nity50 had climbed 178.75 points, or 0.95 percent, to 18,996.15, while the Sensex was trading 586.67 points, or 0.93 percent, higher at 64,002.70.
Tata Motors and the Adani Stock
Adani Enterprises increased by 4.36 percent today, and Adani Ports increased by 3.42 percent after Gautam Adani said on Tuesday that the Hindenburg report “targeted misinformation.”‘
Only the media sector was trading in the red at this time, while all other broad indices were trading in the green. Sectorally, the metal index increased by 1.41%, Nifty Pharma increased by 1.02%, and Nifty Oil & Gas increased by 0.93%.
- Domestic equities rise for the second consecutive day, driven by Adani and Tata Motors stocks.
- Media sector trades red, broad indices green; metal, Pharma, Oil & Gas rise.
- Nifty Smallcaps rise by 0.69% in opening trade.
Nifty Smallcap 50 up by 0.69 percent, Nifty Smallcap 100 increased by 0.61 percent, Nifty Smallcap 350 increased by 0.58 percent, and Nifty Midsmallcap 400 increased by 0.51 percent in the opening trade.
The biggest gainers in the morning trade included Asian Paints, Bajaj Finance, Tech Mahindra, Divis Lab, Titan, Eicher Motors, Tata Steel, Hindalco, Bajaj Finance, Bajaj Auto, and Bajaj Finance.
The major losses at this time were Power Grid, Maruti Suzuki, UltraTech Cement, ONGC, NTPC, Cipla, Kotak Bank, Coal India, Axis Bank, and Hindustan Unilever.
