Stock
market LIVE updates: The benchmark indices, which started the week on a tepid note on Monday, were quick to reverse losses on the back of gains in financial and metal stocks. The
S&P BSE Sensex was more than 700 points off lows and was up 250 points to quote at 58,591 level. The Nifty50, meanwhile, was back above the 17,650-mark, up 93 poimts.
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Stock market LIVE updates: The benchmark indices, which started the week on a tepid note on Monday, were quick to reverse losses on the back of gains in financial and metal stocks. The
S&P BSE Sensex was more than 700 points off lows and was up 250 points to quote at 58,591 level. The Nifty50, meanwhile, was back above the 17,650-mark, up 93 poimts.
Adani Enterprises (up 10 per cent), Adani Ports, Bajaj Finance, SNI, NTPC, and Bajaj Finserv were the top
Nifty50 gainers, rallying between 2 per cent and 10 per cent,
In the broader market, the BSE MidCap and SmallCap indices declined up to 0.34 per cent. Meanwhile, among sectors, the Nifty Metal index was the top NSE gainer, up 1 per cent; while the Nifty Oil and Gas index was the top NSE loser, down 4 per cent.
Buzzing stocks
Adani Enterprises: Shares of Adani Group’s flagship company surged 10 per cent per cent after the company filed a 413-page response to the Hindenburg Group. Other group stocks, such as Adani Total Gas, Adani Transmission, and Adani Ports, were down up to 18 per cent as clouds over Adani group, amid its clash with US-based Hindenburg Research, weighed on sentiment.
Bajaj Finance: Shares of the consumer financier gained over 3 per cent. It reported its highest ever quarterly profit at Rs 2,973 crore in the October-December quarter (Q3) of FY23, up 40 per cent year on year (YoY), aided by a healthy rise in net interest income (NII) and drop in provisions and contingencies.
Tata Motors: Shares of the company were up abouit 1 per cent after it said the company will be raising its passenger vehicles’ prices by 1.2 per cent on a weighted average basis depending on the variant and model from February 1, given a rise in overall input costs.
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