Markets open strong, Sensex up 441 points; Adani group stocks continue to bleed


Mumbai: Indian equity indices opened on positive note on February 3 with Nifty above 17700. The 30-shares based BSE Sensex was up 441.93 points or 0.74% at 60,374.17, and the broad-based Nifty was up 112.80 points or 0.64% at 17,723.20. About 1333 shares have advanced, 576 shares declined, and 109 shares are unchanged.

IndusInd Bank, Titan Company, SBI Life Insurance, SBI and Larsen and Toubro were among major gainers on the Nifty, while losers were Adani Enterprises, Adani Ports, NTPC, Divis Labs and Hindalco Industries.

Adani Group stocks continue to bleed

The shares of Adani Enterprises crashed further to drop below Rs.1500 at market opening. At 9.30 IST, the shares were trading at Rs.1408, a decline of 10 percent on the BSE. Similarly, the shares of Adani Ports & SEZ declined by 8.51 percent to Rs.422.70 and Adani Power declined by 5 percent to Rs.192.05. Adani total gas also declined by 5 percent to Rs. 1625.95 and ACC cement declined by 3.67 percent to Rs.1777.60.


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