Sensex rises 190 points, Nifty ends above 16,327; Adani Power top gainers

The Indian market opened higher today amid mixed global cues. Sensex increased by 190 points to 54,516 and Nifty increased by 61 points to 16,327.

The SGX Nifty was trading 15 points lower at 16,243 earlier in the day, indicating a flat start to the new trading week.

The 30 stock Sensex ended up with 1,534 on Friday. Nifty moved 456.75 points to 16,266. All Sensex stocks ended up in the green.

Reddy's Labs, Reliance Industries, Tata Steel, Nestle, Larsen Toubro, Axis Bank, IndusInd Bank, Sun Pharma, State Bank of India, and HDFC were the top Sensex gainers, rising to 8.10 per cent.

Shares of Adani Power were trading 5 percent higher at Rs 327.50 today. Adani Power stock hit a new 52 week high today. The stock opened 2.9 percent higher at Rs 321 against the previous close of Rs 311.95 on the BSE earlier in the day.

Sensex rises 235 points to 54,600 and Nifty rises 55 points to 16,321.

Asian stocks came under pressure on Monday as worries about inflation and rising interest rates weighed down the global economic outlook and new selling in technology stocks weighed on Chinese markets.

The broadest index of Asia-Pacific shares outside Japan was flat after US stocks ended the previous session with negligible gains for the day. The index is down 3.6% this month.

The shares of Paytm listed as One 97 Communications fell 4 per cent on the day after the parent of One 97 Communications reported a widening of net loss for the quarter ended March 31, 2022. The large cap stock opened with a loss of 3.99 per cent at Rs 552.4 against the previous close of Rs 575.35 on the BSE.

Maruti, M&M, NTPC, Titan, Asian Paints, and Asian Paints are the top gainers, rising to 3.79 percent in early trade.

Sensex rises 190 points to 54,516 and Nifty gains 61 points to 16,327.

The S&P 500 ended the day up 0.57 points at 3,901. The Dow Jones Industrial Average was close to 8.77 higher on the back of an early loss of 617 points, or less than 0.1%, at 31,261. The Nasdaq composite trimmed a big loss to finish 33.88 points lower, or 0.3%, at 11,354. The Indian equity market is likely to open on a flat to negative note, as SGX Nifty was trading 15 points lower at 16,243. The opening of the Indian market is believed to be the first indication of the Singapore Stock Exchange.

The Sensex ended up with 1,534. Nifty was able to move 456.75 points to 16,266. All Sensex stocks ended up in the green.