The stock market closed with a fall today. BSE’s 30-stock key sensitive index Sensex closed at 52,323.33, down 178.65 points, or 0.34%. On the other hand, the Nifty of the National Stock Exchange ended trading at 15,691.40 with a loss of 76.15 points.
Adani Group’s shares are in bad shape
Even today, the condition of Adani Group’s shares remained unsatisfactory. Adani Enterprises has lost Rs 92.30 (6.37%) to 1,356.00. At the same time, Adani Ports closed at 643.20 with a loss of Rs 63.50 (8.99%). The power of Adani Power also remained weak. The stock closed at Rs 120.90 and caused a loss of Rs 6.35 (4.99%) per share to its investors. ATGL and Adani Transmission also closed with losses of Rs 69.70 (5.00% and Rs 68.70 (5.00%) respectively. Adani Green has also lost heavily today.
The Sensex opened at 52122 with a fall of 379 points, while the Nifty of the National Stock Exchange also started the day’s trading with a red mark. The effect of the US stock markets closed on the red mark on Wednesday is also being seen on the domestic stock market today i.e. on Thursday. On Wednesday, the Dowjon lost 265 points to 34033, the S&P lost 23 points at 4223 and the Nasdaq was down 47 points at 13983.
Wednesday’s condition: Sussex, Nifty below record high
Domestic stock markets fell on Wednesday and both the major indices – BSE Sensex and NSE Nifty – closed below record highs. The fall was attributed to heavy selling in Reliance Industries and HDFC and HDFC Bank amid cautious investor sentiment ahead of the results of the US Federal Reserve’s monetary review meeting. The 30-share BSE Sensex closed at 52,501.98, down 271.07 points, or 0.51 per cent. On Tuesday, it had closed at a record level of 52,773.05. The NSE Nifty also closed at 15,767.55, down 101.70 points, or 0.64 per cent. Powergrid was the biggest loser in the Sensex shares, with a fall of about 2 percent.