November 28, 2024
New Delhi, India
Adani Group Shares
For the second straight day, Adani Group shares saw positive momentum on Thursday:
Adani Group Highlights
- Adani Green Energy: Hit a 10% upper circuit.
- Adani Power: Gained 9.35%.
- Adani Total Gas: Soared 16.9%.
- Other Adani stocks also rallied:
- Adani Energy Solutions: +10%.
- Adani Enterprises: +4.6%.
- Adani Wilmar: +2.7%.
- Related stocks:
- NDTV: +2.6%.
- Ambuja Cements: +0.6%.
- Sanghi Industries: +2%.
- ACC: +0.2%.
Adani’s rise comes after the group’s clarification on not being charged with violations of the US Foreign Corrupt Practices Act (FCPA).
Market Highlights
- Benchmark Indices:
- SENSEX: Dropped 640 points, closing at 79,596.
- NIFTY50: Fell 0.77%, settling at 24,088.
- Sector Trends:
- IT stocks drag the indices:
- Infosys, TCS, HCLTech, and Tech Mahindra were top losers.
- Top gainers:
- Adani Enterprises, State Bank of India, Coal India, SBI Life, and BPCL.
- IT stocks drag the indices:
- KEC International:
- Hit an all-time high after securing orders worth ₹1,704 crore.
- Global Trends:
- Mixed trading in Asian markets.
- Brent crude eased 0.21%, closing at $72.68/barrel.
Outlook: Markets face mixed sentiments as Adani Group stocks rally, but declines in IT sectors weigh on benchmarks. Global trends and commodity movements remain key.
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