Indian Stock Market Opens Flat; Adani Stocks See Gains

The Indian stock market opened with a muted start on Wednesday, as buying activity was seen in the auto and IT sectors, while the Adani Group of companies saw positive momentum.

Adani Green shares rose by 0.81%, reaching Rs 905.80, while Adani Enterprises Ltd saw a 3.4% increase, trading at Rs 2,224.85 per share.

As of 10:02 AM, the benchmark Sensex was at 80,006.8, marking a slight rise of 2.83 points, or 0%, while the Nifty stood at 24,195.80, up by 1.30 points, or 0.01%.

The market trend remained positive with 1,637 stocks advancing, while 669 stocks faced losses on the National Stock Exchange (NSE).

Nifty Bank dropped by 57.25 points, or 0.11%, to 52,134.25. The Nifty Midcap 100 index increased by 78.20 points, or 0.14%, to 55,992.60, and the Nifty Smallcap 100 index gained 141.55 points, or 0.78%, reaching 18,406.85.

Market experts highlighted ongoing developments in the US, where President-elect Donald Trump has already outlined significant tariffs.

The government has imposed a 25% tariff on imports from Mexico and Canada, and a 10% tariff on Chinese imports. The international response to these changes is still uncertain.

In the Sensex pack, NTPC, Kotak Mahindra Bank, M&M, Bajaj Finance, HCL Tech, and Tech Mahindra were the top gainers, while IndusInd Bank, Tata Steel, and Bharti Airtel were the top losers.

In Asian markets, Hong Kong and Shanghai were in the green, whereas Jakarta, Bangkok, and Seoul were in the red. US stock markets closed higher on the previous trading day.

On 26 November, foreign institutional investors (FIIs) purchased equities valued at Rs 1,157 crore, while domestic institutional investors (DIIs) sold equities worth Rs 1,910 crore.

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