Some Adani Group firms recover in early trade

February 07, 2023 10:17

The domestic equity market opened with gains on the back of strong cues from Asian stocks markets.

The equities may likely to be steady today as investors are keeping a wait-and-watch mode on the outcome of the three-day meeting of the Reserve Bank of India (RBI)'s monetary policy committee that started on Monday.

The domestic stocks in opening trade also seemed to have recovered from last week's losses when shares of the Adani Group firms suffered a rout and the outcome dragged on the stock key indices, namely Sensex and Nifty.

BSE Sensex went up 123 points to 60,630.32 while Nifty surged 34 points to 17,798.95 at 9.30 on Tuesday morning.

Adani Enterprises, Gravita, Tri Turbine, Adani Transmission and BLS International Services were among the active stocks that went up in Tuesday morning on BSE. Lloyd Steel, ATGL, Adani Power, Balamines and Mold-Tek Packaging were among the laggards.

Among the Adani Group firms, shares of Adani Enterprises recovered Rs 21.20 or 1.53 per cent to Rs 1,593.70 apiece while Adani Ports was up Rs 4.50 or 0.83 per cent to Rs 549.80 on Tuesday morning.

Adani Wilmar's shares were up Rs 14.40 or 3.79 per cent to Rs 393.60 while Adani Transmission's shares surged Rs 62.80 or 5 per cent to Rs 1,319.25.Shares of Adani Green were down Rs 44 or 5 per cent to Rs 844.65 while Adani Total Gas was down Rs 77 or 5 per cent to Rs 1,464.20 on Tuesday morning.

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