By Sweta Roy | 30 August 2023
The stock market closed at a low today, as the Nifty, and Sensex fell the most in 6 days by 0.48% and 0.39% respectively. Bank Nifty bled by 0.55% (243 points), while midcap index rose by 47 points.
The day’s top gainers were Havells India by 2.26%, Maruti Suzuki by 2.12% and Cipla by 1.74%. The stocks that fell the most today were Torrent Pharma at 5.74%, along with some of the major Adani stocks.
Adani Green Energy fell by 4.31% and Adani Enterprises slumped by 3.73%. This came after The Organized Crime and Corruption (OCCRP) revealed a detailed investigation of the Adani-Hindenburg report.
“Only 2 out of 26 allegations on Adani had logical conclusions,” said an analyst. It is not a material event, people will react today and forget about it tomorrow, he said.
Top Gainers
Havells India: 2.26 %
Maruti Suzuki: 2.12%
Cipla : 1.74%
Top Losers
Torrent Pharma: 5.74%
Adani Green Energy: 4.31%
Adani Enterprises: 3.73%
The Major Trends of the day:
Mid-cap index outperformed large caps at 0.6 percent. Maruti hit an all-time high of 2.26%. Vedanta, on the contrary, fell the most since July 2022, by 1.8%.
The auto and IT sector grew at 0.5-0.7%.