On Monday, the Gift Nifty, which is useful in determining the movement of the Indian stock market, began the week slightly up, opening at 24,384.50 points. The Nifty Gift live touched its intraday high of 24,414 points by 11 AM, and then a low of 24,271.50 points was observed. From a broader market perspective, the BSE’s 30-share index, Sensex, witnessed a considerable revival as it rose by 819.69 points or 1.04 per cent to close the week at 79,705.91. This upward movement was supported by 28 of the constituent stocks closing in positive, while there were only two stocks closing in negative.
Additional evidence of the Sensex’s upward move was an impressive intraday peak of 79,984 24 points, thus raising the total by 1,098.02 points or 1.39 percent. This rally came as shares in Asia advanced, thus putting an early boost to the day’s proceedings.
But for the Adani Group stocks, the day was fraught with volatility in and out of the trading halls. Those from the Adani conglomerate were hit hard: some fell by as much as 17 percent in intraday trade on the BSE. This sharp fall came ensuing fresh accusations levelled against it by US short-seller Hindenburg Research. The short sell obtained several documents from an offshore entity and claimed that MB, and more so her husband, is in touch with an entity linked to the Adani group. SEBI and Buch have, in turn, refuted these allegations as baseless.
People who have followed the movement of the Gift Nifty today understand the general tendencies and sentiments on the market, as reflected in the stock exchange. To date, using real-time metrics, investors can continue to gauge the dynamics of the same using the existing evidence to get today Gift Nifty price.
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