Sensex Today: The BSE Sensex and NSE Nifty opened Wednesday’s trading session with caution, reflecting a subdued trend in Asian markets.
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Sensex Today: The benchmark equity indices, BSE Sensex and NSE Nifty50, ended higher on Wednesday, reflecting gains in global markets. The BSE Sensex climbed to an intra-day peak of 80,511.15 before closing at 80,234.08, marking an increase of 230.02 points or 0.29% from the previous session.
Likewise, the NSE Nifty50 finished at 24,274.90, up 80.40 points or 0.33%. The index traded within a range of 24,354.55 to 24,145.65 on Wednesday.
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Of the 50 stocks in the Nifty50, 25 closed in the green, with notable gains from Adani Enterprises, Adani Ports, BEL, Trent, and NTPC, with some rising as much as 11.56%. On the flip side, Apollo Hospitals, Titan Company, Wipro, Shriram Finance, and Hindalco were among the 25 stocks in the red, posting losses of up to 1.34%.
NTPC Green Energy, which debuted today, gained 8.74%, closing at Rs 121.25 on the NSE, up from its IPO price of Rs 108.
In broader markets, small-cap stocks outperformed, with the Nifty Smallcap100 index rising by 1.30%. The Nifty Midcap100 index also posted a gain of 0.64%.
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Sectoral performance was largely positive, with all indices closing in the green, except for the Nifty IT, Pharma, PSU Bank, Realty, and Healthcare sectors.
Adani stocks zoom up to 20% after group issues clarification
Shares of Adani Group companies surged by as much as 20% on the NSE on Wednesday after a clarification from Adani Green Energy (AGEL) regarding US bribery allegations. The company stated that Gautam Adani, Sagar Adani, and senior executive Vneet Jaain had been cleared of all bribery charges by the US Department of Justice, although it acknowledged that three charges were included in the indictment.
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Top performers included Adani Total Gas and Adani Power, both climbing 20%. Adani Green Energy rose 10%, closing at Rs 988.40, while Adani Energy Solutions jumped 10% to Rs 660.80. Adani Enterprises saw an 11% increase, reaching Rs 2,399, and Adani Ports gained 5.9%. Adani Wilmar finished 8% higher.
ACC and Ambuja Cement also recorded gains, rising over 4% each, while NDTV surged 9%.
In a filing with the exchange, AGEL stated that media reports on bribery and corruption charges against Adani officials were “incorrect.”
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Global Cues:
Asian markets showed a mixed performance on Wednesday, despite US stocks closing at record highs. Market sentiment was impacted by concerns over President Trump’s threat of higher tariffs on China and neighboring countries.
The Nikkei, Shanghai Composite, and Kospi fell by up to 0.7 per cent, while the Hang Seng, Taiwan, and Straits Times saw slight gains.
In the US, the Dow Jones surged over 650 points from its day’s low to close at a record high, up 124 points, ahead of the US Federal Open Market Committee (FOMC) minutes and third-quarter GDP data. The S&P 500 and NASDAQ also rose by 0.5% each.
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Crude oil prices eased slightly following reports of a ceasefire between Israel and Hezbollah. Crude futures dropped below $68 per barrel, while Brent Crude slipped to $72 per barrel. Gold remained steady around $2,650.
