The Sensex closed the day at 23,176, showing recovery signs, despite the reason for bearish sentiment in the recent sessions. This road was ably supported by the gains brought to key areas. Adani Stocks bumped up the upward momentum positively. A recovery definition also indicates yesterday’s trading signals on top profiles whereas Adani stocks showed strong performance.
Nifty 50 closed at 23,176 by ratcheting up a slight rise. The highlights of the day included the Adani Enterprises stock, which rose by more than 7%, and Adani Ports stock, climbing more than 5%. Other great contributors include Shriram Finance, which closed at more than 4%. There were good suggestions for others to trade by buying the stock by volumes or looking at exit directions. HCL Tech lost 8.25% after announcing flat Q3 results.
Nifty Bank closed at 48,729, marking more than 1.4% of the surge. Moving upward, Canara Bank stood as leading with more than 5%, followed by IDFC First Bank, plunging to an increased rate of 4%. Seascape more winged with 3% growth contributions can be accredited to compare banks like Punjab National Bank, Bank of Baroda, and AU Bank.
On the contrary, Nifty Next 50 closed at 63,084, with a gain of more than 2% for the day on fauna Adani Group stocks. The rise of Adani Enterprises in this universe seems by no means squeamish on the back of a brawl with 19%. Adani Green followed at 13%, while Adani Energy Solutions raced percent 12 on its markets. REC Ltd was another of its ilk. Its stocks, coupled with PFC, observed spectacular outcomes in the day.
The BSE 200 ended the day at 10,554 up by around 1%. The surge was also seen in the rally in the stocks of Adani Power and IAB, which both grew by more than 19%. Central Bank and UCO Bank led by high above 17% of the banking securities. IDBI Bank’s stocks generated the results as well. The results were carried over with positive per second (PPS) increases in Adani-related stocks. Adani Green and Adani Energy Solutions stayed ahead with excellent fights picking the pace with 19% each.
The indices seemed to be recovering, but as expected, the prominent gainers among the stocks in the Adani Group were on the charts. There were double-digit gains; things were notably quick at some of the Adani-related counters and promoted positivity in a dull market. But HCL Tech did poorly, as they’ve probably spilled a lot through its Q3 result announcement. Likewise, the banking sector has received overwhelming support for today’s comeback, with compelling insights it gives on the resilience of the banks to face the overwhelming odds of financial markets.
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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Published on: January 13, 2025 at 6.30PM GMT.
Deadline for the Submission of Income Tax Returns: Well, the latest fact is to submit all of your Income Tax Returns (I.T.R.) it has to be really done today, for Financial Year 2024-23. Missing will cause some legal implications.
Pongal: In South India, particularly Tamil Nadu, Pongal is celebrated today. This harvest festival involves cooking a special dish called ‘Pongal,’ offering prayers to the Sun God, and engaging in cultural activities.
As stated in Bhagavad Gita : (Bhagavad Gita 2.47)
कर्मण्येवाधिकारस्ते मा फलेषु कदाचन।
You have the right to perform your prescribed duties, but you are not entitled to the fruits of your actions.
15th January is celebrated as Indian Army Day!
