Monday, January 06, 2025 | 07:14 AM ISTEN Hindi

Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%

CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.

SI Reporter New Delhi

STOCK MARKET HIGHLIGHTS

The key benchmark indices hovered in the positive zone throughout the trading session, amid mixed cues from the global markets. The S&P BSE Sensex touched a high of 61,781 in opening deals, and eventually ended 92 points higher at 61,511.

The NSE shut shop with a gain of 23 points at 18,267.

Among the Sensex 30 shares, SBI, Bajaj Finance and Dr.Reddy's finished with gains of over a per cent each. On the flip side, PowerGrid Corporation was down over a per cent.

That apart, in the Nifty 50, Adani Enterprises declined over 3 per cent after the company said its board shall meet on November 25, to consider capital raising options. READ MORE

In the broader markets, the BSE Smallcap index marginally outperformed in trades on Wednesday, the index ended 0.5 per cent higher, while the BSE Midcap index advanced 0.2 per cent.

The market breadth was marginally positive, with more than 1,850 stocks advancing versus 1,645 declining stocks on the BSE.

New listing

Shares of Inox Green Energy Services made a dismal debut today, after listing at Rs 60 apiece, the stock finally ended at Rs 59.25 - a near 9 per cent discount compared to its issue price of Rs 65 per share on the NSE. READ MORE

4:15 PM

COMMENT:: PSU banks, railways shares shine in rangebound trade

"Markets witnessed range-bound activity today with profit-taking paring gains in late afternoon trade. PSU Banks however continued their stellar run for the third consecutive day this week. In the broader markets, railway stocks were sought after yet again with many of them holding on to their handsome gains in the last two months"

- S Ranganathan, Head of Research at LKP securities.

4:12 PM

Inox Green Energy makes dismal debut; stocks ends at 9% discount to issue price

Inox Green Energy Services (IGESL), a subsidiary of Inox Wind, made a dismal debut on the bourses on Wednesday with its shares listed at Rs 60 apiece, an 8 per cent discount to its issue price of Rs 65 per share on the National Stock Exchange (NSE). READ MORE

4:11 PM

Adani Enterprises falls over 3% as board to mull fund-raise on November 25

4:09 PM

HUDCO hits 52-week high on stable outlook; stock up 40% so far in November

Shares of Housing & Urban Development Corporation (HUDCO) surged 6 per cent to hit a 52-week high of Rs 51.15 per share in Wednesday’s intra-day trade. So far in the month of November, the stock of this state-owned financial institution company has zoomed over 40 per cent on stable outlook. READ MORE

4:06 PM

Nykaa slips 2% a day after CFO Arvind Agarwal quits; stock nears record low

Shares of Nykaa parent company - FSN E-Commerce Ventures dipped to a low of Rs 169.30 on the BSE after the company’s chief financial officer (CFO) Arvind Agarwal resigned. Agarwal will leave the company and step down from his role on November 25, the beauty e-retailer said in a regulatory filing on Tuesday after market hours. READ MORE