Sensex and Nifty 50 Close Higher, Led By Adani Ports & Adani Enterprises

India’s stock markets made some steady gains today, with the BSE Sensex adding 0.29% to end at 80.234, as the Nifty 50 rose 0.33% to close at 24,274.90.

In the spotlight were Adani Group stocks, particularly Adani Ports, which led the ascent among the Sensex constituents with a remarkable 6.29% jump.

This boost came on the heels of an important clarification that Gautam Adani and his associates faced no charges under the US Foreign Corrupt Practices Act. This statement appeared to alleviate some concerns among investors, fueling the rally.

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Adani Enterprises was the leading gainer on the Nifty, with an increase of 11.56% helping reverse some of the recent trend that has seen the stock fall 14.28% over the past month, even accounting for today’s gain.

The day’s trades left a majority of investors in high spirits as the market rebounded, especially in light of the clear skies for the Adani Group following the regulatory clarification. The performance of heavyweight stocks and the substantive foreign investments into the Indian market further underlined the resilient nature of the Indian equity markets amidst a complex global economic backdrop.