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regular-article-logo Tuesday, 05 November 2024

BSE Sensex moves up, three stocks of Adani group end mixed

30-share sensex opens in the green at 71678.93 and zooms more than 598 points to touch a day’s high of 71954.79

Our Special Correspondent Mumbai Published 05.01.24, 06:16 AM
Representational image.

Representational image. File picture

Benchmark indices on Thursday reversed two days of losses after strong buying in financials and realty stocks.

It was a mixed day for the Adani group with three stocks ending in the negative territory on profit booking and the combined market capitalisation standing at Rs 15.25 trillion, which was lower than the Rs 17.57 trillion of Reliance Industries Ltd.

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The gains in financials came on the back of positive disbursement data for the December quarter, while investors continued to bet on real estate stocks on stable interest rates and expectations of a cut later this year.

The 30-share Sensex opened in the green at 71678.93 and zoomed more than 598 points to touch a day’s high of 71954.79. It later ended with gains of 490.97 points or 0.69 per cent at 71847.57 points.

On the NSE, the Nifty climbed 141.25 points or 0.66 per cent to finish at 21658.60.

Bajaj Finance was the biggest gainer on the Sensex chart, as it rose 4.36 per cent to close at Rs 7,704.25.

The non-bank lender disclosed its assets under management (AUM) crossed Rs 3 trillion in the October-December quarter.

VRR auction

With the system level liquidity remaining tight, the Reserve Bank on Thursday said it will conduct a seven-day variable rate repo (VRR) auction for Rs 1 lakh crore under LAF (liquidity adjustment facility) on January 5.

On reviewing current and evolving liquidity conditions, it has been decided to conduct a variable rate repo auction on January 5, Friday for a notified amount of Rs 1 lakh crore. The auction will have a 7-day tenor that’s January 12, 2024, the monetary authority said in a statement.

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