Stock Market Today: The BSE Sensex and NSE Nifty 50 had a poor start to the week on Monday, as the GIFT Nifty fell 79.50 points to 23,387. The S&P BSE Sensex fell 0.35% to close at 77,210, while the NSE Nifty 50 down 0.28% to conclude at 23,501. Both indices managed to achieve weekly gains despite the daily losses. Monday’s early Asian trade saw a decrease in oil prices, which was the second straight losing session. A stronger dollar, which stoked worries about sustained rate increases and reduced investors’ appetite for risk, was blamed for the decline. After declining by 0.6% on Friday, Brent crude futures dropped by 40 cents, or 0.5%, to $84.84 a barrel.
Stock Market Today: Stocks in focus
Adani Ports
As a division of the Adani Group, Adani Ports and Special Economic Zone Limited (APSEZ) is a multinational Indian port operator and logistics provider. With a network of 12 ports and terminals, including the country’s first port-based Special Economic Zone (SEZ) in Mundra and its first deepwater transshipment port in Thiruvananthapuram, APSEZ is the biggest private port operator in India. As part of the semi-annual reorganisation, Adani Ports will begin trading on the S&P BSE Sensex today, and Wipro has withdrawn from the 30-stock index.
Prestige Estates
One of the top developers of real estate, Prestige Estates Projects Ltd. has projects in the retail, commercial, residential, and hospitality sectors. Its activities are dispersed over Pune, Goa, Ahmedabad, and South India. A plan to raise Rs 5,000 crore through the issue of equity shares in a qualified institutional placement (QIP) was approved by the Board of Prestige Estates.
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