Welspun Corp Ltd, one of the largest welded line pipe manufacturers in the world, has jumped over 3.6 per cent today from its previous close of Rs 213.05 as the company has received various orders to be executed from India and the USA across the Oil & Gas and Water sector, of about 47,000 MT amounting to around Rs 600 crore.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 1.62 per cent. 

Bank Nifty may open positive. After an hour, if it trades above 33,840, it’s a positive sign that may test 34,340.

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.  

 Highest put option open interest contract was added at a strike price of 14500 for expiry on June 30.

In this journey of little more than 43 years, Sensex has witnessed many business cycles and has become a sort of proxy for the Indian economy and the pulse of domestic equity market.

Although the stock of Adani Enterprises has not been performing well lately, its long-term investors have received fantastic profits. The share price of Adani Enterprises has increased 221 times in the last 20 years i.e. from Rs 9.41 to Rs 2,082.10 levels. This indicates that during the past 20 years, this multi-bagger stock has given its owners, a return of over 22,000 per cent.

As the market closed on a positive note, Telecom and Auto sectors emerge as the biggest gainers while IT continued to face bearish sentiment. 

Repco Home Finance, MMTC and Dish TV were top gainers in the “A” Group in today’s session. 

The benchmark indices chose to end the week on a positive note for the second consecutive day. Replicating global trends and reacting to declining commodity prices, the domestic market opted to maintain a positive stance.  

BSE Smallcap index significantly outperformed broader markets by recording gains of 1.60 per cent to close at 24,521.93.