New Delhi
The Indian stock market saw a strong rise on the last trading day of the week due to the return of buying from lower levels in the stocks of Adani Group and strong rise in the shares of IT stocks and Reliance. Sensex rose by 1961 points to 79,117 and Nifty also rose by 557 points, closing at 23,907. During trading, Sensex rose by more than 2000 points at 79,160 and Nifty also rose by 600 points, it was at the level of 23,950.
Out of 30 Sensex stocks, 28 rose and 2 declined. Out of 50 Nifty stocks, 47 are rising and 3 are declining. All the sectoral indices of NSE were trading on a bullish note.
Adani Group shares regained momentum
After eight people including industrialist Gautam Adani were accused of fraud worth billions of rupees in America, the Kenyan government on Thursday announced the cancellation of all deals made with Adani Group. Its effect was also visible in the shares of Adani Group. However, now recovery was seen in the shares of Adani Group.