Sensex, Nifty flat; BSE jumps 4%, Adani stocks up to 13%

Equity markets resumed trade on a muted note on Tuesday as investors came back from an extended weekend. The S&P BSE Sensex quoted at 66,029 levels, up 59 points, while the Nifty50 started at 19,845, higher by 51 points.

The broader markets continued to exhibit strength with the BSE MidCap and SmallCap indices rising up to 0.6 per cent.

Among top sector indices, the Nifty Metal index added 0.84 per cent, while the Nifty IT index fell 0.1 per cent.

Buzzing stocks

DLF: Shares were flat with negative bias after the Enforcement Directorate searched the premises of the realty major in Gurugram as part of a money laundering investigation against real estate firm Supertech and its promoters.

BSE: Shares surged 4.3 per cent after global brokerage firm Jefferies initiated coverage on the stock with a ‘Buy’ rating, seeing a 24 per cent upside from the current levels.

Adani Group stocks: Group stocks surged up to 13 per cent on the BSE on Tuesday after the Supreme Court reserved its judgement in the Hindenburg case last Friday. Adani Total gas lead the pack, followed by Adani Energy (8 per cent), Adani Power (6 per cent), Adani Green (5 per cent), Adani Wilmar (4 per cent), Adani Enterprises (2 per cent0.