Adani gp shares zoom as stock market continues to rally
PrashantNews
After the stunning BJP victory in three Hindi heartland states, the Indian stock market continued to rally on Tuesday with Sensex and Nifty touching new record highs and investors making a killing in Adani group stocks.
The BSE Sensex closed at 69,296.14 up 431.02 while NSE closed at 20,855.10 up 168.30 (0.81%). The BSE sensex had closed at of 68,865.12 up 1383.93 (2.05 percent) and Nifty also scaled new high 20,686.80 up 2.07 percent on Monday.
This is the first major rally this year with a hope that the country may witness a stable government after the general elections, analysts said.
Meanwhile, Adani stocks continued to rise for the second day today with Adani Enterprise touching 2960.10 up 430.80 (+17.03%). Analysts said the Adani Enterprise can see fresh high of 3000 also in near future. Bank shares were also in good demand with both ICICI and SBI making new headways. Ends