(From Trade Representative)
Mumbai: The stock market advanced for the second day in a row in a bullish environment. The Adani Effect improvement was sustained today. The Sensex rose for the second consecutive session and touched a high of 415 points. Nifty reached the top of 17700. Indian stocks opened higher on Monday, supported by buying in high-weight financial and information technology stocks after strong economic data from the United States and investments in Adani group companies boosted investor confidence. All 13 major sectoral indices rose. All Adani group stocks rallied after US boutique investment firm GQG Partners’ $1.87 billion investment in the conglomerate on Thursday, and both the Nifty 50 and Sensex led the bullish front on Friday, posting their best jump in nearly four months.