Adani Power Showstopper For Nifty 500 With 16% Jump As Market Clocks Best Day In 3 Years

On Monday, the NIFTY 500 index climbed to a fresh all-time high of 21,926. The index closed 3.29% higher at 21,797.40. 455 stocks from the index ended in the green. Benchmark index Nifty 50 registered its best in 3 years going up 3.25% to end at 23,263.90. On February 1, 2021, the Nifty had surged up over 4%.

The star performer of the day was Adani Power, which saw a massive increase of 15.7% from its last close, reaching a current price of ₹874.5. The huge surge today comes as the markets cheered the exit polls. predicting the return of the incumbent government. The energy’s major market cap crossed ₹3.3 lakh crore leaving behind Nifty 50 heavyweight Tata Motors and Titan.

Gainers

StockCurrent PriceLast Close% Change
Adani Power₹874.5₹755.815.71%
GAIL₹230.8₹204.312.97%
PFC₹554.8₹492.4512.66%
REC₹604.5₹537.7512.41%
Bank of Baroda₹296.95₹264.912.1%

Following closely was GAIL, which saw a 12.97% increase, with its stock price rising to ₹230.8. PFC and REC also saw substantial gains, with their stock prices increasing by 12.66% and 12.41% respectively. Bank of Baroda rounded off the top five with a 12.09% increase in its stock price.

On the other end of the spectrum, GlaxoSmithKline Pharmaceuticals was the worst performer of the day, with its stock price dipping by 4.76% to ₹2494.7. This was the largest percentage decrease among the bottom five performers on the NIFTY 500 index.

Losers

StockCurrent PriceLast Close% Change
GlaxoSmithKline Pharmaceuticals₹2494.7₹2619.3-4.76%
Godfrey Phillips₹3743.4₹3882.1-3.57%
DOMS₹1860.05₹1925.45-3.4%
Fortis₹459.35₹475.1-3.32%
Bikaji₹574.95₹593.85-3.18%

Other stocks that saw a decline include Godfrey Phillips, which saw a 3.57% decrease in its stock price. DOMS and Fortis also experienced losses, with their stock prices dipping by 3.39% and 3.31% respectively. Bikaji completed the bottom five with a 3.18% decrease in its stock price.

Read Next: Here’s How Much Adani Power’s CEO’s Salary Was In FY24


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