Nifty end above 17850, Sensex up 909 pts; Adani stocks rebound

February 3, 2023 admin

Sensex and Nifty at the close today: Indian stock markets extended early gains and closed strong on Friday, as Adani group stocks rebounded and positive global cues. The Nifty 50 index closed higher by 243.65 points or 1.38 percent and closed at 17854.05 levels while the Sensex gained by 909.64 points or 1.52 percent and finished at 60841.88 levels. The Ban Nifty index also ended higher by 830.40 points or 2.04 percent on the spot level and closed at 41499.70

The broader markets underperformed the frontline indices today, as the Nifty midcap index was down by 54.90 points or 0.18 percent and closed at 30378.10 levels. The Nifty smallcap index closed lower by 32.75 points or 0.35 percent at 9415.55 levels.

Nifty index top gainers and losers today

The top gainers in the Nifty 50 index were Adani Ports, Titan, Bajaj Finance, Bajaj Finserve, and HDFC Bank and the top losers were Divis Lab, BPCL, Tata Consumer, Hindalco, NTPC

The top gainers in the Nifty midcap index were Canara Bank, Dalmia Bharat, and TVS Motor and the top losers were CG Consumer, Dr. Lal Path Labs, and Patanjali Foods.

The smallcap top gainers were First Source Solutions, Aarti Drugs, and Century Plyboard while the top losers were Hind Copper, GMM Pfaudler, and UTI AMC

The most active stocks in the Nifty index in terms of value were Adani Ent, Adani Ports, and Reliance The most active stocks in terms of volume were Adani Ports, Tata Steel, and Adani Enter

On the sectoral front, PSU Bank, Banking, Financial Services, Consumer Durables, and Auto closed higher. The sectors that closed in the red were Pharma, Oil & Gas, Media, and Metals

Global stock market updates

On the global front, Asian markets were mostly closed in green, as China`s service sector expanded for the first time in five months at the start of the year with the rollback of pandemic-related restrictions. The market sentiments were also optimistic as Japan’s services activity further rose in January as per the data showed by the Jibun bank.

European markets are trading mostly in the red on Friday, as softer earnings from major US tech giants Alphabet, Amazon, and Apple posted quarterly results post markets on Thursday dented sentiment, despite a surge in Zur Rose stock after the online pharmacy said it was selling its Swiss business.

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Editorial desk