Friday was a great day for the Indian stock market. After several months, there was a sharp rise in the market. On Thursday there was a huge fall in the stock market, the reason for the fall was the issue related to Adani Group.
In fact, the market started with a rise on Friday and the rise gradually increased. At the end of trading, Sensex rose by 1,961.32 or 2.54% and closed at 79,117.11 points; During trading, Sensex rose by more than 2,000 points.
While Nifty rose by 557.35 points or 2.39% and closed at 23,907.25. Due to the sharp rise in the market, there was a jump of about Rs 7.2 lakh crore in the market capitalization of all companies listed on BSE, which means investors earned Rs 7.2 lakh crore today. While on Thursday investors had suffered a loss of Rs 5.35 lakh crore.
Due to the rise in the stock market, 29 of the top 30 companies on the BSE Sensex closed with profits. While only Bajaj Auto’s share registered a slight decline. SBI shares lost the most, down 4.73%. Following this, a sharp rise was recorded in Tata Group’s TCS shares by 4.13 per cent, Titan shares by 4.10 per cent and Reliance shares by 3.44 per cent.
Apart from this, shares of PowerGrid Share (3.55%), ITC Share (3.50%), NTPC Share (2.85%), M&M Share (2.77%), Bharti Airtel Share (2.71 %) and Tata Motors closed with a profit of 2.20. %. In the midcap category, MRPL stock saw a rise of 8.62 per cent and Paytm saw a rise of 6.50 per cent.
Is the effect of exit polls visible in the market?
According to experts, this rally was supposed to occur on Thursday, but the storm that arose over the Adani Group stopped it. Due to which the market remained active throughout the day on Friday. This rise in the market is related to the elections in Maharashtra and Jharkhand. Just as most exit polls predicted a lead for the NDA in Maharashtra, the market has seen a rise from the bottom. However, the count will take place on Saturday and only then will the real situation be known.
Adani Group shares fluctuate even today
However, Friday was also a choppy day for Adani Group shares. At the beginning of the trading, pressure was observed in all the shares of the Adani Group. Stocks like Adani Green saw a drop of more than 10 percent. But at one point in the trading, due to intense buying, all the stocks recorded huge gains. An increase of over 4 per cent was seen in Ambuja Cements and ACC. But at the end of trading, some shares of Adani Group closed in the green and others fell.
Shares of Ambuja Cements closed up 3.21%, NDTV 1.03%, Adani Total Gas 0.84%, Adani Ports 1.83%, ACC 3.38% and Adani Enterprises with 1.56%, while shares of Adani Energy Solutions closed up around 7%. , Adani Green Energy shares closed down 8 percent, Adani Power down 3 percent and Adani Wilmar around 1 percent. Happened.
Early on Thursday, following the revelations by the US investigation agency, the shares of the Adani Group had registered a huge fall. With the fall in Adani Group shares, there was an earthquake in the shares of public sector banks.
These stocks were the ones that fell the most on Thursday…
Adani Enterprises Share: 22.52%
Adani Energy Solutions Share: 20.00%
Adani Green Energy Share: 18.68%
Adani Total Gas share: 10.73%
Adani Power share: 9.06%
Adani Ports share: 13.56%
Ambuja Cements stake: 11.65%
ACC share: 6.94%
NDTV Shares: 0.66%
Adani Wilmar Share: 10.00%
SBI share: 2.75%
IDBI Bank- 2.00%
LIC share: 1.44%
