The BSE Sensex rose by 230 points in a choppy trading session on Wednesday, buoyed by strong gains in Adani Group stocks and consistent foreign fund inflows. The market displayed resilience despite intraday volatility, with selective buying in key sectors driving the benchmark higher.
Among the stocks making headlines, Adani Ports surged 5.9%, supported by positive sentiment around the group’s operational performance and strategic expansion plans. Meanwhile, Nalco (National Aluminium Company Limited) saw a decline of 1.3%, influenced by fluctuations in global commodity prices and concerns over rising input costs. In contrast, NTPC recorded a solid gain of 3.12%, driven by investor optimism around its renewable energy initiatives and steady earnings growth.
Riyank Arora, a technical analyst at Mehta Equities, provided insights into these stocks. For Adani Ports, he suggests that long-term investors could consider buying on dips, given its robust fundamentals and growth outlook, though short-term volatility remains a factor. The company’s strong foothold in the logistics sector continues to attract investor interest.
For Nalco, Arora recommends a cautious approach due to its dependence on global aluminium prices and the cyclical nature of the metals market. He advises existing investors to hold their positions but suggests new entrants wait for more clarity on commodity trends and the company’s cost management strategies.
Regarding NTPC, the analyst highlights the stock’s potential for steady returns, particularly as the company accelerates its renewable energy investments. He suggests adding the stock to portfolios for long-term growth, as NTPC continues to transition toward sustainable energy while maintaining strong operational performance in traditional power generation.
