Indian equities snapped their three-day winning streak as investors booked profits at higher levels.
Adani Group stocks surged up to 8 per cent, led by Adani Power, Adani Enterprises, Adani Green, and Adani Ports. The rally followed the Securities and Exchange Board of India’s (Sebi) move on Thursday to close proceedings against Adani Group companies, Group Chairman Gautam Adani, and associated entities over allegations of fund diversion, related-party transaction violations, and fraud.
At 9:40 hours, the 30-share benchmark index was trading at 82693.86 down by -320.1 points or by -0.39 % and then NSE Nifty was at 25362.85 down by -60.75 points or by -0.24 %.
Sensex touched intraday high of 82978.63 and intraday low of 82633.6 The NSE Nifty touched intraday high of 25428.75 and intraday low of 25357.75
The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 1436.00,+1.67%), IndusInd Bank Ltd. (Rs. 740.35,+0.66%), Maruti Suzuki India Ltd. (Rs. 15870.00,+0.32%), Bharti Airtel Ltd. (Rs. 1948.15,+0.32%), Sun Pharmaceutical Industries Ltd. (Rs. 1652.00,+0.19%), among others.
The top losers of the BSE Sensex pack were Nestle India Ltd. (Rs. 1196.15,-1.03%), ICICI Bank Ltd. (Rs. 1408.95,-0.91%), Titan Company Ltd. (Rs. 3479.90,-0.88%), HCL Technologies Ltd. (Rs. 1481.45,-0.82%), UltraTech Cement Ltd. (Rs. 12527.45,-0.78%), among others.
Oil&Gas index was at 26864.22 up by 217.76 points or by 0.82%. Adani Total Gas Ltd. (Rs. 662.45,+9.17%), Bharat Petroleum Corporation Ltd. (Rs. 331.35,+1.80%), Hindustan Petroleum Corporation Ltd. (Rs. 415.00,+1.54%), Indian Oil Corporation Ltd. (Rs. 149.25,+1.46%), Oil India Ltd. (Rs. 403.10,+0.98%),.
_IT index was at 35896.96 down by -180.59 points or by -0.5%. Ramco Systems Ltd. (Rs. 541.25,-1.38%), Nucleus Software Exports Ltd. (Rs. 1050.20,-1.26%), Sonata Software Ltd. (Rs. 395.85,-1.21%), Vakrangee Ltd. (Rs. 9.26,-0.96%), Persistent Systems Ltd. (Rs. 5512.60,-0.96%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3513 , shares advanced were 1891 while 1462 shares declined and 160 were unchanged.