Sensex closed in green, Adani Ports was the top gainer

Mumbai: Indian stock markets closed in the green on Wednesday. Buying was seen in the energy, commodities and PSE sectors at the end of trading. Shares of all Adani portfolio companies closed with gains.

Adani Power shares closed at Rs 525.15 after gaining Rs 87.50 or 20 per cent. Adani Enterprises Ltd shares rose 11.56 per cent to Rs 2,399 and Adani Green shares closed at Rs 988.40, up Rs 89.85 or 10 per cent. The Sensex closed at 80,234, up 230.02 points or 0.29 per cent, and the Nifty closed at 24,274.90, up 80.40 points or 0.33 per cent.

Nifty Bank rose 110.30 points or 0.21 per cent to 52,301.80. The Nifty Midcap 100 index closed at 56,272.35, up 357.95 points or 0.64 per cent. The Nifty Smallcap 100 index closed at 18,502.85, up 237.55 points or 1.30 per cent. According to market experts, “Indian indices continue to trade positively as a result of the possibility of earnings forecasts for the second half of the current financial year. Market sentiment in Asia remained mixed due to possible tariff imposition by the US.”

Energy, Commodities, PSE, Media, Private Banks, Auto, Financial Services and FMCG were the top gainers among the Nifty sectoral indices. Whereas, IT, PSU Banks, Pharma and Realty were the top losers. Adani Ports, NTPC, HDFC, Bajaj Finance, Maruti, JSW Steel, M&M, Axis Bank, Tech Mahindra and Bajaj Finance were the top gainers in the Sensex. At the same time, Titan, SBI, Asian Paints, TCS, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were the top losers.

Rupak De of LKP Securities said, “Nifty has been witnessing strength for the last three days. At the upper level, it is facing resistance at 24,420. A decisive breakout above this level can lead to a significant move towards higher levels. Support at the lower level is at 24,100.” On the Bombay Stock Exchange (BSE), 2,586 stocks were trading in the green and 1,344 in the red. Whereas, there was no change in 110 stocks.