Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
Sensex and Nifty turned choppy after opening slightly higher on Wednesday.
The benchmark Sensex opened at 36,575.24 from its Tuesday’s close of 36,562.91. At 10.01 a.m., the Sensex was up 34.25 points or 0.09 per cent at 36,597.16.
Nifty PSU Bank and metal index recovered after heavy selling on Tuesday. The Nifty was up 4.90 points or 0.05 per cent at 10,802.80. Weak growth numbers released over the weekend resulted in a bruising stock sell-off on Tuesday, erasing 770 points from Sensex.
Advertisement
Investors reacted to the data released on Friday which showed that India grew at its weakest pace since 2013 between April and June.
With heightened fear in the equity markets, poor monthly auto sales data and weak core sector data is also a concern.
(With input from agencies)
Advertisement
