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Nifty 50, BSE Sensex trade higher as the market opens

All indices trading in green, Adani losing after yesterday’s fiasco.

Mysuru: The National Stock Exchange (NSE)’s Nifty 50 index hits 15900 points, as the Bombay Stock Exchange (BSE)’s index Sensex is at a record high. These Indian benchmark indices are over half a percent up as the markets opened on June 15.

BSE’s Sensex increased by 260 points to hit 52,810 as NSE’s Nifty hit around 15,900 points in the intra-trade deals. IndusInd Bank and Asian Paints are two of Sensex’s top gainers. 45 companies including Jubilant FoodWorks, and LIC Housing Finance are expected to release their earnings today.

Initial trades showed that Adani’s stocks went up after yesterday’s National Securities Depository Ltd (NSDL) freeze, it is still trailing on June 15. The NSDL, however later clarified that the three Foreign Portfolio Investment (FPI) accounts, Albula Investment Fund, Cresta Fund and APMS Invest Fund are active after a brief stint where three the accounts stood frozen as on May 31, 2021. Following Adani’s backlash, the NSDL retracted and clarified that the accounts are active.

The stocks had already plummeted, and today after the markets opened, even though they saw a brief rise, they still fell against the benchmark indices the Nifty and the Sensex.

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Sindhu Nagaraj

Global Business Line Team
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