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Market closes on green mark in pharma and metal stocks; Adani Port also shows boom

Today, there are many ups and downs in the stock market. The market grew in the initial period, later it slowed down. A few hours before the market closed, the Sensex closed with a slight gain of 42 points due to a spurt in pharma and metal stocks.

Stock market

Investors’ perception was severely affected by the discussion of a new lockdown in the country on the previous day. Because of this, the market was closed on the red mark. There was a lot of upheaval in the stock market on Thursday as well. While there was a spurt in the morning, there was a phase of ups and downs in the afternoon. The market managed to close on the green mark due to the boom in pharma and metal stocks in the last round. The Bombay Stock Exchange (BSE) Sensitive Index Sensex (Sensex) closed at 49,201.39 with a gain of 42.07 points, or 0.09 per cent. At the same time, the Nifty of the National Stock Exchange (NSE) closed at 14683.50 with a strength of 45.70 points i.e. 0.31 per cent.

In the last few hours, shares of the Adani Group saw a surge. In fact, Gautam Adani reached the 20th position in the list of world’s rich people released by Forbes. Earlier in the year 2020, he was ranked 155 in the list. His sharp jump in the rich list also affected the company’s shares in the stock market. In the BSE Sensex, the stock of Adani Ports was the top gainer today. A strong jump of 12.57 percent was recorded in the company’s stock.

Bounce in these shares

Tata Consultancy shares saw a jump of 4.59 per cent, Asian Paints 4.02 per cent, JSW Steel 3.86 per cent and SBI Life Insurance 2.87 per cent. Investors made the most purchases in the metal and pharma sectors. JSW Steel saw a gain of 3.8% in the Nifty. While 17 of the 30 stocks included in the Sensex also gained. Asian Paints shares closed up 4%.

European market saw boom

Apart from India, there was a rapid trend in European markets as well. Hang Kong of Hong Kong closed on the green trail. While the Shanghai and Tokyo stock markets closed on the red mark. Japan’s Nikkei index fell 381 points, or 1.3%, to close at 29,707. Korea’s Kospi index also closed with a slight gain of 6 points at 3,127.

Also read: Strong surge in cryptocurrencies, market cap crossed 2 trillion dollars, bitcoin also showed boom

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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