- By Aditya Pratap Singh
- Wed, 27 Nov 2024 04:20 PM (IST)
- Source:JND
Stock Market: Equity benchmark indices Sensex and Nifty advanced on Wednesday on a sharp rise in Adani Group stocks and fresh inflows of foreign funds. The BSE benchmark Sensex gained 230.02 points, or 0.29 per cent, to settle at 80,234.08. During the session, it jumped 507.09 points, or 0.63 per cent, to 80,511.15. The NSE Nifty rose 80.40 points, or 0.33 per cent, to close at 24,274.90.
Among the 30 Sensex stocks, Adani Ports zoomed 6 per cent, while NTPC, Bajaj Finance, HDFC Bank, Maruti and Axis Bank were among the gainers. On the other hand, State Bank of India, Asian Paints, Titan, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were the laggards.
Also Read: NTPC Green Energy Share Price Surges 13.5% To Hit Upper Circuit After Muted Debut
Shares of Adani Group companies, including Adani Power, Adani Total Gas, Adani Enterprises, Adani Energy Solutions and Adani Green Energy, jumped after an Adani Group entity on Wednesday said Gautam Adani and his associates have not been charged under the US Foreign Corrupt Practices Act, adding that they have also been charged with three other charges, including securities and wire fraud, which could attract monetary penalties. Some of the group companies hit their upper circuit limits.
Foreign institutional investors (FIIs) bought shares worth Rs 1,157.70 crore on Tuesday, according to exchange data. Asian markets, Shanghai and Hong Kong ended higher, while Seoul and Tokyo declined. European markets were mostly subdued.
Global oil benchmark Brent crude rose 0.63 per cent to $73.23 per barrel. On Tuesday, the BSE benchmark had ended 105.79 points, or 0.13 per cent, lower at 80,004.06. The Nifty had fallen 27.40 points, or 0.11 per cent, to 24,194.50.
(With Agencies Inputs)