Adani Stocks Lead Gainers As Markets Recover On Thursday

Wednesday’s trading session saw a mixed bag of performances in the NIFTY 50 index, with Adani Enterprises leading the gainers and Axis Bank topping the list of losers.

Adani Enterprises emerged as the top gainer, with its stock price surging by 6.24% to ₹3,087.45, up from the previous close of ₹2,906.20. The stock’s impressive performance was followed by Adani Ports and Special Economic Zone, which saw a significant increase of 4.82% in its stock price, closing at ₹1,267.85.

Auto sector giant Hero MotoCorp also had a good day at the bourses, with its stock price rising by 3.62% to ₹4675.30. Hindalco Industries and Oil and Natural Gas Corporation also made it to the top gainers list, with their stocks appreciating by 3.60% and 3.09% respectively.

On the flip side, Axis Bank was the biggest loser of the day, with its stock price falling by 2.05% to ₹1,058.25. The bank’s stock performance was closely followed by IndusInd Bank, which saw a decline of 1.72% in its stock price, closing at ₹1,476.75.

Steel manufacturer JSW Steel also had a tough day, with its stock price falling by 0.95% to ₹785.45. Bajaj Finance and Tata Steel rounded off the list of top five losers, with their stocks depreciating by 0.91% and 0.84% respectively.

The Sensex concluded the day with a gain of 335.39 points or 0.46%, closing at 73,097.28. Similarly, the Nifty climbed 149.00 points or 0.68% to settle at 22,146.70. In contrast, broader market indices performed even better, with the BSE Midcap index rising by 2.2% and the Smallcap index gaining 3%.

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