Top 5 stocks of the day: The majority of Adani Group stocks rose for the second day in a row, with Adani Enterprises up 23% and Adani Ports up 9%. Adani Green and Adani Total, on the other hand, fell in today’s session.
HDFC Life, SBI Life, and Bajaj Finance were also big winners in today’s session. L&T, Hero MotoCorp, Eicher Motors, and Bharti Airtel all lost more than 1%. The metal sector gained 3.5%, while the IT sector gained 1.5%. Pharma also finished with respectable gains. On Wednesday, all sectoral indices finished in the green.
Top gainers & losers in closing trade
| Adani Enterprises | 2164.25 | 361.30(20.04) |
| Symphony | 1047.85 | 82.60(8.56) |
| Adani Ports & Special Economic Zone | 599.25 | 46.10(8.33) |
| Supriya Lifescience | 211.65 | 13.95(7.06) |
| Aurobindo Pharma | 445.05 | 26.40(6.31) |
| DSJ Keep Learning | 3.65 | -0.20(-5.19) |
| ADANIGREEN | 802.45 | -42.20(-5.00) |
| Adani Total Gas | 1391.00 | -73.20(-5.00) |
| Bharat Dynamics | 850.45 | -38.45(-4.33) |
| Ujjivan Small Finance Bank | 28.40 | -1.20(-4.05) |
Oil rises for third day as rate hike concerns ease
Oil rose for the third day in a row on Wednesday as investor concerns about interest rate hikes in the United States eased and an industry report indicated a drop in US crude inventories.
US Federal Reserve Chair Jerome Powell’s comments on Tuesday were seen as less hawkish than expected, boosting risk appetite and weighing on the dollar. Other currency holders benefit from a weaker dollar by paying less for oil.
Top 5 stocks of the day: Sensex and NSE Nifty50
On Wednesday, Indian stocks rose after the Reserve Bank of India delivered a smaller-than-expected interest rate hike. As of 10:06 a.m. IST, the Nifty 50 index was up 0.72% at 17,849.85, while the S&P BSE Sensex was up 0.68% at 60,695.09.
The central bank raised the key policy repo rate by 25 basis points, as expected, and stated that it remained focused on the withdrawal of accomodation.
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