Business

Adani Portfolio Stocks Surge Up To 11%, Adani Green Energy Leads Rally

Adani Group stocks witnessed a strong rally on Wednesday as the stock market rebounded after 10 days of losses. Shares across its businesses, from energy to ports, saw significant gains.

Adani Green Energy led the surge, jumping 10.59% to close at ₹849.95, after hitting an intra-day high of ₹857.90 and a low of ₹769. Adani Energy Solutions followed with a 9.33% rise, closing at ₹707, while Adani Total Gas gained 6.41% to ₹582.20.

Adani Enterprises, the group’s flagship company, ended 4.53% higher at ₹2,242. Adani Ports climbed 5.15% to ₹1,112.45, and Adani Power advanced 3.95% to ₹502.35. The group’s cement business, Ambuja Cements, also saw a 3.07% rise, closing at ₹489.60.

The broader market also surged after consecutive losses. The Sensex jumped 740 points (1.01%) to close at 73,730, while the Nifty climbed 254 points (1.15%) to 22,337.

Investor sentiment improved after US Commerce Secretary Howard Lutnick hinted at possible tariff relief for Mexico and Canada. This raised hopes of a broader tariff rollback, fueling market optimism.

Market Capitalisation Soars ₹9 Lakh Crore

The stock rally significantly boosted the total market capitalisation of companies listed on the Bombay Stock Exchange (BSE). The total market value increased by ₹9 lakh crore, reaching ₹393 lakh crore, up from ₹384 lakh crore on March 4.

The strong recovery in Adani stocks and the broader market indicates renewed investor confidence, driving further market momentum.

Also Read: India Poised To Become Global AI Hub, Says Nadir Godrej

Ajaypal Choudhary

Recent Posts

Pakistan’s Aerial Attack Foiled By Indian Air Defence Amid Blackouts And Sirens, Retaliatory Measures Launched

India’s air defence systems successfully foiled multiple aerial attacks launched by Pakistan on Thursday night.…

5 hours ago

India On High Alert: Delhi Cancels Staff Leave, Schools Shut In Many States, Airports Closed Amid Escalating Tensions With Pakistan

As tensions between India and Pakistan escalate, the Delhi government cancelled all leaves for its…

6 hours ago

Jaishankar Briefs World Leaders On Pakistan’s Escalation; Vows Firm Response

US, EU, and Italy call for de-escalation and support India’s fight against terrorism in talks…

7 hours ago

India Thwarts Drone Strike; Downs F-16, JF-17s As Explosions Rock Jammu And Blackout Hits North

Loud explosions shook Jammu on Thursday as a complete blackout spread across Jammu, Baramulla, and…

8 hours ago

Pakistan Launches Drone & Missile Attack; Jammu Faces Complete Blackout; IPL Match Suspended In Dharamshala

A sudden blackout hit Jammu, Baramulla, and Pathankot on Wednesday night as missile and drone…

8 hours ago

Special Puja Held At Shri Siddhivinayak Temple To Mark Success Of Operation Sindoor

Shri Siddhivinayak Temple held a special Puja and Aarti today to mark the success of…

9 hours ago