MARKET LIVE: Sensex off opening lows, down 200 pts; Adani Ent surges 5%

Stock market LIVE updates: The benchmark indices started the week on a tepid note on Monday as clouds over Adani group, amid its clash with US-based Hindenburg Research, weighed on sentiment. The S&P BSE Sensex fell 590 points to quote at 58,741 level, while the Nifty50 dropped 149 points to 17,455 levels. Both the indices were down 0.99 per cent.


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OPENING BELL

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. 

Buzzing stocks

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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