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Market Opening Trends
The stock market opened on a weak note on Friday, marking a sluggish start to the last trading session of the week. The BSE Sensex dropped 123.35 points to trade at 75,612.61, while the Nifty 50 declined 55.95 points, reaching 22,857.20. Investors are closely monitoring the upcoming US and Indian PMI data, which will play a crucial role in determining the market’s next move.
Adani Group Stocks See Strong Gains
Despite the overall slow performance of the market, Adani Group stocks are witnessing a sharp surge. This rise is largely driven by positive investor sentiment and increased sectoral buying.
At around 9:20 AM, major Adani Group stocks registered notable gains:
- Adani Energy Solutions surged 2.01%, trading at ₹691.65.
- Adani Green Energy rose 1.08% to reach ₹874.30.
- Adani Enterprises gained 0.78%, trading at ₹2,195.95.
- Adani Total Gas increased 1.74% to ₹597.90.
- Adani Ports climbed 0.59%, trading at ₹1,118.30.
- Adani Power moved up 0.88%, reaching ₹488.55.
- NDTV saw a 0.90% increase, trading at ₹128.49.
- ACC edged up 0.49% to ₹1,896.15.
Market Volatility Due to FII Selling
The stock market remains volatile as foreign portfolio investors (FIIs) continue selling, while domestic institutional investors (DIIs) try to stabilize the situation. Investors are awaiting PMI data, which could dictate the market’s future direction.
Sectoral Performance: Gains in Metal, Pharma, and PSU Banks
- Buying activity was seen in metal, pharma, and PSU banking stocks.
- IT, auto, and FMCG stocks faced selling pressure.
- Market experts suggest that future movements will be influenced by global market signals and economic data releases.
Top Gainers and Losers
Top Gainers on Sensex:
- Zomato
- NTPC
- Tata Steel
- L&T
- Bharti Airtel
- TCS
- IndusInd Bank
- Adani Ports
- Bajaj Finserv
- Asian Paints
- SBI
- HCL Tech
- Titan
Top Losers on Sensex:
- M&M
- Kotak Mahindra Bank
- UltraTech Cement
- Tata Motors
- Maruti Suzuki
- Infosys
- Sun Pharma
The market’s next movement will largely depend on global trends, economic data, and investor sentiment in the coming days.
