Sensex and Nifty Edge Higher, Adani Group Continues Rally, Rupee Opens Stronger

22 Aug 2023 , 01:26 PM

In today’s market, the Sensex was observed trading at Rs 65,300, indicating a 0.13% increase from the previous day’s closing value. Meanwhile, the Nifty was trading at Rs 19,424, reflecting a 0.16% rise from the previous day’s close.

Among the top gainers in the market were Tata Communications, which saw a rise of 3.44%, ICICI Prudential with a gain of 3.15%, and GMR Airports, marking a 3.16% increase.

Conversely, some of the top losers included Colgate, facing a decline of -3.46%, Auro Pharma with a decrease of -2.35%, and Sun TV Networks, which recorded a -2.10% drop. Notable stocks that remained active in terms of value were Adani Enterprises, HDFC Bank, ICICI Bank, and Reliance.

Adani group stocks continued their upward trend for the fourth consecutive session, registering gains ranging from 0.5% to 5%. This surge came after GQG Partner raised its stake in Adani Ports last week.

The flagship stock of Adani Enterprises witnessed a climb of 2.5%, thereby contributing to a 1% overall rise in the metal index. Adani Enterprises holds a weightage of more than 16% in the metal index.

The Indian Rupee opened on a positive note, trading 7 paise higher against the US Dollar, with an opening rate of Rs 83.06.

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