Nifty slips below 18,300 due to selling in Adani

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Indian stock market remained weak due to profit booking and pressure from global markets. There was a boom in the markets for the last few days. After that selling pressure was seen on Wednesday. Heavy weight stocks were under significant pressure. The BSE Sensex ended the day down 208 points at 61774. Similarly, the NSE Nifty closed at 18285, down 63 points.

Top Gainers (NSE)

company closing price increase (%)
Sun Pharma 951.90 2.18
Doctor. Reddy’s Lab 4518.65 1.30
ITC 434.45 1.23
Hero MotoCorp 2740.60 1.11
IndusInd Bank 1272.75 1.00

Good buying is being seen in the shares of Adani Group companies since last one week. Later, 7 out of 10 shares of the group that sold on Wednesday’s gains fell. Apart from this, Reliance Industries, HDFC Bank and HDFC were also seen softening in heavyweights.

Top Losers (NSE)

company Closing Price (Rs.) Reduce (%)
Adani Enterprises 2475.60 6.00
Adani Ports 718.25 2.15
Tata Motors 520.20 1.57
ICICI Bank 940.65 1.34
HDFC bank 1615.80 1.31