Mumbai, November 27 (IANS). The Indian stock market closed in the green on Wednesday. At the end of trading, buying was seen in Energy, Commodities and PSE sectors. Shares of all the companies in Adani portfolio closed with gains.
Adani Power shares closed at Rs 525.15, up Rs 87.50 or 20 per cent. Shares of Adani Enterprises Ltd closed at Rs 2,399, up 11.56 per cent, and Adani Green closed at Rs 988.40, up Rs 89.85 or 10 per cent.
Sensex closed at 80,234 with a gain of 230.02 points or 0.29 per cent and Nifty closed at 24,274.90 with a gain of 80.40 points or 0.33 per cent.
Nifty Bank rose 110.30 points or 0.21 percent 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 continued to see a positive bounce on the back of expected earnings forecasts for the second half of the current financial year. Market sentiment in Asia remained mixed due to possible imposition of tariffs by the US.”
Energy, Commodities, PSE, Media, Private Bank, Auto, Financial Services and FMCG were the top gainers in Nifty Sectoral Index. Whereas IT, PSU Bank, 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. Whereas, 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 since last three days. On the upside, it is facing resistance at 24,420. A decisive breakout above this level could lead to a significant move towards higher levels.” “Lower support is at 24,100.”
On the Bombay Stock Exchange (BSE), 2,586 shares were trading in the green and 1,344 in the red. Whereas, there was no change in 110 shares.
–IANS
SKT/ABM
