Sensex Ends In Green As Adani Group Stocks Rally Once Again

The equity benchmark indices ended in green on Monday with BSE Sensex rallying 267.43 points or 0.41% to 65,216.09 and NSE Nifty surging 83.45 points or 0.43% to 19,393.60. Meanwhile, all the Adani Group stocks soared in trade today again after witnessing a rally on Friday.

Meanwhile, shares of Jio Financial Services hit 5% lower circuit on Monday as it got listed on BSE and NSE today. Jio Financial Services Ltd (JFS) hit 5% lower circuit on BSE within the first hour of listing. Last trading price of JFS share is Rs 251.75 apiece with intraday fall of 5.00%. JFS stock opened at Rs 265.00 apiece, touched the day's high of Rs 278.20 apiece, and day's low of Rs 251.75 apiece, respectively.

Jio Financial Services Ltd (JFS), the demerged financial business of Reliance Industries Ltd, have been listed at Rs 265 per share on BSE, 1.18% premium over the discovered price of Rs 261.85 apiece on July 20. Meanwhile, JFS shares have been listed on NSE at Rs 262 apiece.

Among all the Adani Group stocks, Adani Power shares gained maximum with 6.76% on BSE with last trading price of the stock quoting at Rs 325.25 apiece. Adani Enterprises rallied 2.42% till 2:00 pm on Monday and currently trading at Rs 2639.35 apiece. Adani Ports And Special Economic Zone share last trading price is Rs 857.70 apiece with a rally of 2.61% or 21.85 points. Adani Transmission Ltd shares also gained 5.82% in trade today. Adani Green Energy stock jumped 2.79% intraday with current market price at Rs 1023.10 apiece. Adani Total Gas Ltd gained 1.76% today to Rs 665.65 apiece on Monday.

From the Sensex pack, shares of Power Grid Corporation, Bajaj Finance, IndusInd Bank, Bharti Airtel, NTPC emerged as the top gainers of the day with a rally ranging between 1% to over 2%. Meanwhile, shares of Reliance Industries, M&M, Maruti Suzuki, SBI, and HDFC Bank were the main laggards.

Rupee also rallied today, recovering from record-low levels, as the domestic unit gained 5 paise to 83.05 against US Dollar on Monday tracking positive sentiments prevailing in the domestic equities.

Rupee opened at 83.10, hit the high of 83.05 against the greenback, posting a surge of 5 paise over its last closing.

Meanwhile, oil prices remained steady on August 21 with Brent staying above $80 a barrel amid tightening supply pushed by OPEC+ cuts with concerns prevailing about global demand growth amid high interest rates. Brent crude declined 8 cents to $84.72 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $81.28 a barrel, up 3 cents.