Share Market Today / How was the day for Adani Group shares today, know which stocks fared

Share Market Today: On Monday, the stock market registered a great rise for the second consecutive day. The BSE Sensex closed at 80,109.85 points with a gain of 992.74 points, while the NSE Nifty 50 index closed at 24,221.90 points with a jump of 314.65 points. This rise was encouraging for investors, especially after the historic gain recorded last Friday.

Last week on Friday, the Sensex closed at 79,117.11 points with a jump of 1,961.32 points and the Nifty 50 closed at 23,907.25 points with a gain of 557.35 points. This consistent rise has created a positive atmosphere in the market.

Performance of Adani Group shares

Adani Group shares saw mixed performance on Monday. Out of the 10 companies of the group, the shares of 5 companies closed with gains, while 5 companies registered a decline.

Growing stocks

Adani Ports and Special Economic Zone: Closed at Rs 1,166.45 with a gain of 2.55%.

ACC Limited: Closed at Rs 2,143.10 with a jump of 2.54%.

Adani Wilmar: Closed at Rs 297.60 with a gain of 1.81%.

Adani Enterprises: Closed at Rs 2,257.65 with a gain of 1.26%.

Ambuja Cements: Closed at Rs 505.10 with a gain of 0.88%.

Declining stocks

Adani Green Energy: Closed at Rs 967.65, registering the biggest decline of 8.05%.

Adani Energy Solutions: Closed at Rs 624.85, down 3.78%.

Adani Power: Closed at Rs 446.85, down 3.02%.

NDTV: Closed at Rs 165.65, down 2.07%.

Adani Total Gas: Closed at Rs 600.75, down 1.43%.

Reasons for market rally

Analysts believe that the combined effect of domestic and global factors was the main reason for the rally in the market. Positive cues from global markets, strong corporate results, and institutional investors' activity in some sectors pushed the Sensex and Nifty to new levels.

Investor strategy

Experts suggest that it is important to remain cautious despite the current rally. Given the high volatility in Adani Group stocks, investors should take a long-term view and focus on investing in stocks with strong fundamentals.

Conclusion

The second consecutive day of rise in the stock market has further strengthened the confidence of investors. However, weakness was also recorded in some sectors. This is the time for investors to take investment decisions wisely and keeping long-term goals in mind.