Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine

Stock market LIVE updates: Benchmark indices exhibited lacklustre movement in trades on Tuesday even as select sectors were buzzing with solid gains. Oil & Gas and Power in particular, thanks largely to the Adani Group shares, logged strong gains.

The S&P BSE Sensex quoted around 66,050 levels, up nearly 100 points, while the Nifty50 tested the 19,850-level.

The broader markets continued to exhibit strength with the BSE MidCap and SmallCap indices rising up to 0.18 per cent.

Among other sectoral indices, the Nifty Metal index added 1.15 per cent, while the Nifty IT index fell 0.5 per cent.

Buzzing stocks

DLF: Shares fell 1.6 per cent after the Enforcement Directorate searched the premises of the realty major in Gurugram as part of a money laundering investigation against real estate firm Supertech and its promoters.

BSE: Shares surged 6 per cent after global brokerage firm Jefferies initiated coverage on the stock with a ‘Buy’ rating, seeing a 24 per cent upside from the current levels.

Adani Group stocks: Group stocks surged up to 20 per cent on the BSE on Tuesday after the Supreme Court reserved its judgement in the Hindenburg case last Friday. Adani Total gas lead the pack, followed by Adani Energy (8 per cent), Adani Power (6 per cent), Adani Green (5 per cent), Adani Wilmar (4 per cent), Adani Enterprises (2 per cent). READ MORE

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