Sensex, Nifty 50 trades firm, Adani group stocks shine, M&M, Kotak Mahindra, SBI, R R Kabel, Netweb shares in action
Benchmark indices traded firm due to sustained foreign fund inflows. Sensex soared 203.31 pts or 0.25 per cent to 80,705.30 as at 12.21 pm, and Nifty 50 was up 87.35 pts or 0.36 per cent at 24,434.05. Midcap index outperformed. Nifty midcap 100 rose 1.45 per cent to 54,482.40 and Nifty smallcap 100 inched up 0.61 per cent to 16,541.85.
Banking stocks continued to dip, private bank index was down 1 per cent. Meanwhile, oil & gas, metal, auto and FMCG stocks drove the market in a favourable direction.
Top gainers & losers
Shares of Adani Enterprises, Adani Ports, Trent, Shriram Finance and Bajaj Finserv lead the gainers, while Kotak Mahindra, ONGC, Dr Reddy’s Laboratories, SBI and Axis Bank depreciated among Nifty 50 components.
Nearly 1,934 stocks advanced and 820 declined of all the 2,852 stocks that were traded on the National Stock Exchange at the time of writing.
Adani Enterprises and Adani Ports rallied over 8 per cent, leading the gainers of Nifty 50 constituents.
Trent and Shriram Finance followed with 3-4 per cent surge.
Mahindra & Mahindra shares gained 2 per cent following increase in Q4 net profit.
On the flip side, Kotak Mahindra Bank shares traded 5 per cent lower due to concerns over higher credit costs and softer loan growth. SBI also depreciated 2 per cent following Q4 results.
In addition, shares of Coforge, Indian Hotels, J&K Bank and few more companies will be in focus today due to Q4 results. Track live updates here
On the BSE, shares of R R Kabel, Netweb, ATGL, Adani Power and Adani Green jumped 10-15 per cent. V Mart, Jindal Saw, Kfin Tech fell 4-7 per cent.
About 72 stocks, including Naga Dhunseri, Shakti Pumps, Pokarna, hit the upper circuit, while 52 hit the lower cirucit.
Gensol Engineering shares tumbled further to another lower circuit of ₹69.74 on the NSE.
Hindustan Petroleum, Waaree Energies, KEI and IGL shares rallied 5-7 per cent among midcap stocks.
Among smallcap, Gravita, CGCL, JBM Auto soared 5-6 per cent.
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Published on May 5, 2025
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