Stock Market Highlights: The key benchmark indices reversed their three-day losing streak on the back of renewed buying interest in auto and IT stocks. Shares of Adani Group also finished with strong gains on Friday after the Supreme Court appointed panel report revealed that it could not pinpoint regulatory failure.
The Supreme Court’s six-member panel said that “prima facie it would not be possible to conclude if there has been a regulatory failure around the allegation of price manipulation in the Adani scrips,” in the Adani-Hindenburg case. It has recommended that all investigation be completed in a time-bound manner.
READ MORE The Gautam Adani Group flagship company – Adani Enterprises ended 3.5 per cent higher. Adani Power, Adani Green and Adani Transmission were locked at the 5 per cent upper limit. Adani Wilmar zoomed nearly 7 per cent. Whereas, Adani Ports, ACC, Ambuja Cement, NDTV and Adani Total Gas were up 1 – 4 per cent each.
Meanwhile, after a positive start the S&P BSE Sensex had dipped to a low of 61,252 only to bounce back on a stronger note. The BSE benchmark rallied all the way to a high of 61,785 – up 533 points from the day’s low. The Sensex eventually ended 298 points higher at 61,730.
The NSE Nifty 50 gained 158 points from the day’s low of 18,060, to hit the day’s high of 18,218. The Nifty settled at 18,203, up 73 points on Friday.
Among the frontline stocks, Tata Motors rallied over 3 per cent. Tech Mahindra, Infosys, HCL Technologies, Axis Bank and Mahindra & Mahindra were up 1 – 2 per cent each. On the flip side, NTPC was down a per cent. Asian Paints and Titan were the other notable losers.
Sectorally, the BSE IT index surged 1.4 per cent. The Auto and Realty indices were up over 0.5 per cent each, while the Healthcare index slipped 0.5 per cent.
 "Sensex ends 298 pts up, Nifty reclaims 18,200 led by Adani, auto, IT stocks")
