Markets End in Limbo: Adani Group Outshines in a Mixed Session

Indian market performance was mixed today. Indices saw some move up and some in the red. Overall, a good day was witnessed from the side of Adani stocks as it helped support the market on a whole. Sensex closes little changed at 78,472

BSE Sensex closed flat at 78,472, which marked the day of cautious trading. Some gains in the stocks of Adani helped to keep the market stable; other sectors showed limited movement.

The Nifty 50 closed at 23,750, registering a minimal gain. The index had support from the big-ticket gainer Adani Ports, which jumped more than 5%. Mahindra & Mahindra (+1%), SBI Life, Maruti Suzuki, and Shriram Finance were the other significant gainers.

Bank Nifty closed in the red at 51,170, displaying a flat trend. Dragging the primary force behind was ICICI Bank, Axis Bank, HDFC Bank, and IndusInd Bank as all were under selling pressure.

The Nifty Next 50 ended the day at 69,165, gaining strength on the back of Adani Green, which rose by more than 3%. Other contributors to the uptrend included PFC (+2%), Adani Energy Solutions, IndiGo, REC Ltd, and Divi’s Laboratories, all closing with gains of more than 2%.

BSE 200 closed at 10,972, which was supported by a robust performance from Adani Ports, which increased more than 5%. Other gainers included CG Power at +4%, Schaeffler, Adani Green, Honaut, and Adani Energy Solutions, which gave the index its positive momentum.
Overall Market Sentiment

Today’s market showed mixed results, with gains in the indices of Nifty 50 and BSE 200 while Bank Nifty remained under pressure. It was clearly the Adani stocks that led the pack and gained substantially for the day.

Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.

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Tomorrow 27th December is celebrated as International Day of Epidemic Preparedness.

As stated in Bhagavad Gita : (Bhagavad Gita 10.8)

अहं सर्वस्य प्रभवो मत्तः सर्वं प्रवर्तते।

I am the source of all spiritual and material worlds; everything emanates from Me.

King Cup International Badminton

King Cup International Badminton Open 2024: India’s Lakshya Sen has confirmed his participation in the King Cup International Badminton Open 2024. The opening rounds will take place on 27 December. The tournament has seen the presence of all international stars, and there will be a lot of excitement over Sen’s play in this tournament.

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