On December 6, the Sensex reached 69,599.39 and the Nifty rose 100.05 points. Adani Green Energy rose 20%, while market indices rose strongly.
The Indian stock market opened strongly as the Sensex rose 303.25 points to 69,599.39, on December 6, Wednesday. The Nifty also rose 100.05 points to 20,955.15, a record high.
After receiving $1.36 billion in construction financing, Adani Green Energy shares rose over 20% to Rs 1,608 per share. The company’s construction financing framework now totals $3 billion thanks to an international coalition of banks. The corporation claims this green loan would build the world’s largest renewable energy park in Khavda, Gujarat.
Early on, tiny and midcap market indices gained strongly. Nifty IT climbed 1.6% on favorable global cues, supporting Nifty Bank and Nifty Financial Services indices after initial dips. Due to moderate crude oil prices, Nifty Oil & Gas rose 1.29% in early trade.
Adani Ports, LTIM, Wipro, UPL, and ITC led the Nifty 50, while Bajaj Auto, Eicher Motors, ICICI Bank, NTPC, and Hero MotoCorp led the losers. The stock market rise is due to the BJP’s political victories, favorable global conditions, and falling crude oil prices, which have boosted domestic markets.
Conclusion
On December 6, the Sensex reached 69,599.39 in early trade and the Nifty rose 100.05 points to a record 20,955.15. After receiving $1.36 billion in construction financing, Adani Green Energy shares rose 20% to Rs 1,608 per share. A renewable energy park in Khavda, Gujarat, will receive the funding. After initial dips in Nifty Bank and Nifty Financial Services, Nifty IT climbed 1.6% and Nifty Oil & Gas 1.29%. The Nifty 50’s top performers were Adani Ports, LTIM, Wipro, UPL, and ITC, while Bajaj Auto, Eicher Motors, ICICI Bank, NTPC, and Hero MotoCorp led losers
