Nifty Jumps Above 18350, Sensex Soars 150 Pts; Bank Nifty Below 43900, Adani Ent Gains 9%

Domestic indices opened in green on Tuesday amis mostly positive global cues.

The NSE Nifty 50 soared 62.50 points or 0.34% to 18,376.90 and BSE Sensex climbed 158.64 points or 0.26% to 62,122.32. In sectoral indices, Bank Nifty rose 67.45 points or 0.15% to 43,952.55 and Nifty IT was up 70.35 points or 0.24% to 29,077.65.

The top gainers on Nifty 50 were Adani Enterprises, Adani Ports, BPCL, Britannia and HDFC Life while the losers were Apollo Hospital, Kotak Bank, Cipla, Divis Lab and Eicher Motors.

Adani Power shares jump 5%

Adani Power shares jumped 5% to Rs 260.4 after the company said that it will contest an order issued by the Registrar of Companies (RoC), Ahmedabad, imposing a penalty on three senior executives for alleged breaches connected to related party transactions over three years till FY20. The RoC had in an order issued on 16 May imposed a penalty on three senior executives of Adani Power, including chairman Gautam Adani.

Coal India shares gain marginally

Coal India shares rose 0.23% to Rs 238.9 after the company signed an agreement with its non-executive workers over the revision of wages. Coal India said that a 19% minimum guaranteed benefit on emoluments including basic salary, variable dearness allowance, special duty allowance and attendance bonus, and a 25% increase in allowances have been agreed upon.

Bank Nifty trades flat; check top gainers/losers

Bank Nifty was trading flat at 43,898.60. The top gainers on the index were Bandhan Bank, AU Bank, Bank of Baroda, IndusInd Bank and SBIN while the losers were Kotak Bank, Federal Bank, PNB, IDFC First Bank and ICICI Bank.