MARKET LIVE: Sensex off opening lows, down 200 pts; Adani Ent surges 5%
ICICI Bank, Axis Bank, L&T, HUL, HDFC, Tata Steel, JSW Steel, RIL, Power Grid, HDFC Bank, Hindalco, SBI Life, Apollo Hospitals, and Bharti Airtel were the top laggards on the Nifty50 index as they fell in the range of 1 per cent to 2 per cent.
In the broader market, the BSE MidCap and SmallCap indices declined up to 0.34 per cent. Meanwhile, among sectors, the Nifty Metal index was the top NSE gainer, up 1 per cent; while the Nifty Oil and Gas index was the top NSE loser, down 4 per cent.
Adani Enterprises: Shares of Adani Group’s flagship company surged over 5 per cent after the company filed a 413-page response to the Hindenburg Group.
Bajaj Finance: Shares of the consumer financier gained 2.7 per cent. It reported its highest ever quarterly profit at Rs 2,973 crore in the October-December quarter (Q3) of FY23, up 40 per cent year on year (YoY), aided by a healthy rise in net interest income (NII) and drop in provisions and contingencies.
Tata Motors: Shares of the company were up abouit 1 per cent after it said the company will be raising its passenger vehicles’ prices by 1.2 per cent on a weighted average basis depending on the variant and model from February 1, given a rise in overall input costs.
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