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Stock Market Today: Amid mixed signals in the global market, the Indian stock market is also seeing a boom on the second consecutive day on May 6. The Sensex has climbed up about 150 points at around 9.30 am and is trading at the level of 80785.58. At the same time, in early trade, the Nifty is crossing 22,500 with a rise of 22 points. Yes Bank shares have risen by about 8 percent. However, Pharma shares are seen to decline.
A day earlier on Monday, BSE’s 30 -share standard index Sensex climbed 294.85 points, or 0.37 percent to close at 80,796.84 points. This is its highest closed level of more than four months. At one time during the trading, the Sensex rose 547.04 points to 81,049.03 points. The National Stock Exchange (NSE) standard index Nifty also rose 114.45 points or 0.47 percent to 24,461.15 points.
Stock market closed at record level a day before
This is also the highest closed level of 2025 for Nifty. Among the Sensex companies, the shares of Adani Ports saw the highest growth of 6.29%. This fast came amid reports of the representatives of Gautam Adani from US administration officials to demand dismissal of criminal allegations in the investigation of bribery.
The shares of all other listed companies of Adani Group also closed up. The Sensex companies also benefited Bajaj Finserv, Mahindra & Mahindra, Internal (East Zomato), Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever. On the other hand, Kotak Mahindra Bank recorded a major decline of 4.57 percent.
This private sector bank’s financial year 2024-25 has fallen by 7.57 percent integrated net profit in the March quarter. Apart from this, shares of State Bank of India, Axis Bank, Titan and IndusInd Bank also closed down. According to the stock market data, foreign institutional investors (FIIs) on Friday made net purchases of shares worth Rs 2,769.81 crore.
