sensex opening bell
– Photo: amarujala.com
Expansion
Indian benchmark equity indices, Sensex and Nifty 50, opened with gains on Friday after slipping to a five-month low in the previous session. On the last trading day of the week, BSE Sensex was seen trading at 77,648, up 500 points or 0.64% after a new controversy related to Adani Group chief Gautam Adani came to light and data indicating strength in the US labor market. Nifty50 was seen trading 156 points or 0.67% higher at 23,506.
Among Sensex companies, SBI, ICICI Bank, Tata Motors, Power Grid, IndusInd Bank and NTPC registered gains. On the other hand, only Adani Ports and Axis Bank recorded decline. Adani Group shares also remained under pressure on Friday, opening down by 8%.
Adani Green Energy was the biggest loser, falling nearly 8%, followed by Adani Energy Solutions which fell 7%. Other group stocks including Adani Enterprises, Adani Power, Adani Total Gas and Adani Wilmar opened 4-7% lower. The group’s market value declined by nearly $27 billion in the last session.