Mumbai, July 26 (IANS) The Indian stock market is expected to remain driven by global cues in the coming week, with investors closely tracking the US Federal Reserve’s interest rate decision, a fresh round of June quarter earnings, movements in crude oil prices and developments in the Middle East. Market participants will also keep an eye on foreign fund flows and the rupee, as elevated geopolitical risks continue to influence sentiment.The benchmark indices ended the previous week with sharp lo…
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Mumbai, July 1 (IANS) Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks.The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, or 0.58 per cent, to settle at 76,922.64.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region, which coincides with the 100-day Exponential Moving Average (EMA), continues to act as the immediate resi…
Mumbai, June 24 (IANS) Indian benchmark equity indices ended sharply higher on Wednesday, supported by strong buying in information technology, banking, financial, and realty stocks.The Sensex climbed 790.54 points, or 1.04 per cent, to close at 76,991.22, while the Nifty advanced 197.55 points, or 0.83 per cent, to settle at 24,021.65.Commenting on Nifty technical outlook, experts said that the 24,100 region continues to act as the immediate resistance zone.”A sustained breakout above this leve…
Mumbai, June 18 (IANS) Indian equity benchmark indices closed higher on Thursday, supported by fag-end buying and gains in PSU bank, healthcare, metal and realty stocks, even as weakness in the IT sector capped the upside.The Sensex rose 254.36 points, or 0.33 per cent, to settle at 77,409.98, while the Nifty gained 82.30 points, or 0.34 per cent, to close at 24,168.00.Commenting on Nifty technical outlook, experts said that the 24,200 level now emerges as the immediate resistance. “A sustained …
New Delhi, June 7 (IANS) Adani Group Chairman Gautam Adani’s net worth rose to $89.2 billion, ranking him ahead of Reliance Industries’ Mukesh Ambani ($88 billion) and SoftBank’s Masayoshi Son ($87 billion), who held the title of Asia’s richest before shares of the Japanese investment firm fell on Thursday, according to Forbes’ Real-Time Billionaires list.Gautam Adani, on the other hand, registered an increase in net worth after a broader stock surge across companies under the umbrella of hi…
New Delhi, June 1 (IANS) Gautam Adani, Chairman of the Adani Group, on Monday said he met 17 of India’s most compelling startup founders, most of them building at the frontiers of deep tech.“It was inspiring, but more than that, it was a reminder. The next India will not be built in silos. It will be built at the intersection of founders, infrastructure, capital, energy, logistics, AI, space and talent,” said the billionaire industrialist.“Founders build companies. Ecosystems build natio…
New Delhi, May 31 (IANS) Billionaire Gautam Adani has said that matters related to the Adani Group’s legal proceedings in the United States were now “behind us” and the conglomerate was focusing on accelerating investments across energy, transport, logistics and digital infrastructure as part of the next phase of growth.Gautam Adani said that the group’s biggest challenge was no longer access to capital but executing projects fast enough to meet India’s infrastructure and energy needs, particula…
Mumbai, May 27 (IANS) Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor sentiment and easing regulatory concerns.The listed companies of billionaire Gautam Adani-led Adani Group have staged a strong comeback, erasing nearly all losses caused by the controversial 2023 short-seller report by Hindenburg Research.The combined market capitalisation o…
Ahmedabad, May 27 (IANS) The Adani Group is witnessing a sharp surge in market valuation, with the combined market capitalisation of its listed companies nearing the Rs 20 lakh crore milestone.The conglomerate has added around Rs 5 lakh crore in market value on a year-to-date (YTD) basis, driven by strong earnings performance and renewed investor confidence.Among the group companies, Adani Power has emerged as the biggest contributor to wealth creation this year.The company’s market capitalisa…
New Delhi, May 19 (IANS) Shares of Adani Group companies surged up to 5 per cent in early trade on Tuesday, with listed entities trading in the green amid improved investor sentiment following recent developments related to a US legal case involving group chairman Gautam Adani and his nephew Sagar Adani.Adani Green Energy emerged as one of the top gainers in the group, rising 5.38 per cent to Rs 1,442 in early trade on the BSE.Meanwhile, Adani Enterprises jumped as much as 3 per cent to touch an…