HomeMarketsIndian MarketsSensex and Nifty begin flat; Adani firms continue to lose, while media...

Sensex and Nifty begin flat; Adani firms continue to lose, while media stocks gain

On Tuesday, Indian markets began flat, mirroring global pessimism. The BSE Sensex fell 13 points, or 0.02 percent, to 59,274.86 at the start, while the NSE Nifty50 was down 9.75 points, or 0.06 percent, to 17,382.95 levels.

The Nifty Midcap Select rose 0.50 percent at the outset, followed by the Nifty Midcap 50, which gained 0.38 percent.

The Nifty 100 and 50 fell 0.3%, while the Nifty 200 remained unchanged and the Nifty 500 rose 0.3%.

At the outset, media stocks were the leading gainers, up 1.48 percent, followed by auto stocks, up 0.60 percent. Metal, oil, and gas, and pharmaceutical companies were the biggest drags at the start.

Only three of the Sensex’s 30 stocks were trading in red at the outset, notably HDFC, HCLTech, and ICICI Bank.

During the open, the leading gainers included Mahindra & Mahindra, Larsen & Toubro, HDFC Bank, Bajaj Auto, and Tata Motors.

Adani Enterprises’ stock continued to fall today, as it was the biggest loser at the open, down 5.99 percent and trading at Rs 1,122 on the NSE. Meanwhile, Adani Green Energy and Adani Transmission were held to a 5% lower circuit limit.

SpiceJet fell 3.13 percent to Rs 38.65 on the NSE, while Zee Entertainment rose 4.76 percent to Rs 191.65.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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