India’s major equity benchmarks declined early Friday amid profit‐taking in blue-chip names following a three-day rally. As of 10:25 a.m. IST, the BSE Sensex was down to 82,641.38, and the NSE Nifty 50 stood at 25,323.70.
Among Sensex constituents, Tata Consultancy Services, Titan, ICICI Bank, Power Grid, Mahindra & Mahindra, and HCL Technologies were among the biggest drags, posting notable losses. On the upside, Adani Ports, Bharat Electronics, Larsen & Toubro and NTPC saw gains. All Adani group stocks were trading higher in the morning session.
Adani group’s surge came after SEBI cleared the group and its chairman Gautam Adani of significant stock manipulation allegations put forth by Hindenburg Research. Adani Total Gas jumped about 13.3%, Adani Power gained nearly 8.9%, Adani Green Energy rose roughly 5.5%, and Adani Enterprises increased about 5.2%.
In regional markets, Japan’s Nikkei 225 and Hong Kong’s Hang Seng reported modest gains, while South Korea’s Kospi and Shanghai’s SSE Composite were lower. U.S. markets, meanwhile, had closed higher the previous day.
Among commodities, Brent crude oil dipped slightly, trading near US $67.34 per barrel. Foreign institutional investors bought equities worth approximately ₹366.69 crore in the preceding session.
On Thursday, the Sensex had closed up 320.25 points, or 0.39%, at 83,013.96, and the Nifty had gained 93.35 points, or 0.37%, to settle at 25,423.60.
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