Stock Market Today: The Gift Nifty was trading at a premium of around 60 points from the previous closing of the Nifty futures, at 24,915 points while writing. The trends observed in Gift Nifty also suggest that the Indian benchmark index is off to a good start. On Friday, the Bank Nifty finished 52 points down at 50,933, creating a bearish candlestick pattern on the daily charts. The active participation of heavyweights, banking, and mid and small-cap firms has created a strong base and improved market mood.
Stock Market Today: Stocks in focus
Ambuja Cements
One of the top producers of building materials and cement in India, Ambuja Cements Limited is a part of the diverse Adani Portfolio, which is the largest and fastest-growing collection of sustainable, diversified firms. Through a block sale on Friday, 17.1 million shares of Ambuja Cements were purchased by GQG Partners. Among the other investors in the company were Morgan Stanley, Norges Bank, and SBI Life Insurance.
Reliance Power
As a member of the Reliance Group, Reliance Power Limited is an Indian private power generation and coal resources firm. The organisation designs, constructs, and manages power plants both domestically in India and abroad. In accordance with Sebi’s interim order dated February 11, 2022, regarding Reliance Home Finance, Anil Ambani resigned from the board of directors of Reliance Infrastructure and Reliance Power.
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