The Nifty of the National Stock Exchange (NSE) closed at 15,811.85 with a gain of 12.50 points, or 0.08 per cent.
Mumbai. In the first trading day of the week, the market started with a fall but at the end of the business the market managed to close with a slight gain. The Bombay Stock Exchange (BSE) Sensex closed at 52,551.53 with a gain of 76.77 points, or 0.15 per cent, at the end of trading on Monday. On the other hand, the Nifty of the National Stock Exchange (NSE) closed at 15,811.85 with a gain of 12.50 points or 0.08 percent.
Wholesale inflation rises
The government has suffered a major setback on the wholesale inflation front in May. In May, the wholesale inflation rate has increased from 10.49 percent in April to 12.94 percent. Whereas according to the poll of CNBC-TV18, it was estimated to be at 13.61 percent.
Big blow to Gautam Adani, accounts of three foreign funds worth thousands of crores frozenLet us inform that National Securities Depository Limited i.e. NSDL has frozen the accounts of three foreign funds Albula Investment Fund, Cresta Fund and APMS Investment Fund. The news is weighing heavily on the Adani Group, headed by Gautam Adani, India’s and Asia’s second-largest rich.
These foreign funds have shares worth more than Rs 43,500 crore in 4 companies of the Adani Group. According to the NSDL website, these accounts were frozen on or before May 31. After this news, there is a huge decline in the companies of Adani Group in the Indian stock market. After this news, 5 out of 6 companies of Adani started lower circuit.