Stocks in news: Bharti Airtel, Mphasis, Cipla, Hero MotoCorp and more
Stocks in news: Bharti Airtel, Mphasis, Cipla, Hero MotoCorp, Punjab National Bank, Adani Green Energy and more
BusinessToday.In | May 17, 2021 | Updated 09:42 IST
Stocks in news: Larsen & Toubro, Mphasis Ltd, Punjab National Bank, Adani Green Energy, Hero MotoCorp, Adani Green Energy, Cipla, Bharti Airtel and more
Sensex and Nifty were likely to open lower today as Nifty futures on the Singapore Exchange fell 107 points, or 0.73 per cent, lower at 14,817. On Friday, benchmark indices closed flat today amid concerns over the economic impact of the second wave of COVID-19. While Sensex ended 41 points higher at 48,732, Nifty fell 18 points to 14,677.
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A tug of war between bulls and bears was ultimately won by the bulls on Thursday, the day of the expiry of the weekly F&O contracts. That apart, buoyancy in the global markets on the back of a $2 trillion US government spending plan, and record GST collection at Rs 1.24 trillion for the month of March back home gave the requisite armour to investors. Among the frontline indices, the benchmark S&P BSE Sensex reclaimed the 50,000-mark on a closing basis and ended at 50,030, after advancing 521 points or 1.05 per cent. Earlier in the day, the index had briefly slipped in the red to touch a low of 49,478.5. On the NSE, the Nifty50 index closed at 14,867 levels, up 177 points or 1.2 per cent.
The dream run of Gautam Adani-led group companies continued on the bourses on the first day of the new financial year 2021-22 with Adani Transmission and Adani Total Gas stocks hitting their respective new highs, while Adani Enterprises was trading close to its record high.
Besides these stocks, Adani Power, Adani Green Energy (AGEL) and Adani Ports and Special Economic Zone were trading higher in the range of 2 per cent to 6 per cent. In comparison, the S&P BSE Sensex was up 0.28 per cent at 49,646 points at 12:09 pm. Gautam Adani family-controlled Adani Group was the biggest gainer on the bourses in 2020-21, amid the sharp surge in equity markets in a post-pandemic rally.