Markets climb on sharp rally in Adani group firms, fresh foreign fund inflows
The Hindu
Sensex and Nifty rebound on Adani rally and foreign fund inflows, with Adani group stocks leading gains.
Equity benchmark indices Sensex and Nifty rebounded on Wednesday (November 27, 2024), driven by a sharp rally in Adani group stocks and fresh foreign fund inflows.
The BSE benchmark Sensex climbed 230.02 points, or 0.29%, to settle at 80,234.08. During the day, it surged 507.09 points, or 0.63%, to 80,511.15.
The NSE Nifty rose 80.40 points, or 0.33%, to 24,274.90.
From the 30-share Sensex pack, Adani Ports surged 6%. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers.
In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank, and ICICI Bank were among the laggards.
Shares of Adani Group firms, including Adani Power, Adani Total Gas, Adani Enterprises, Adani Energy Solutions, and Adani Green Energy, surged after an Adani Group entity said on Wednesday (November 27, 2024) that Gautam Adani and his aides have not been charged under the U.S. Foreign Corrupt Practices Act, adding that they faced three other charges, including securities and wire fraud that are punishable with monetary fines.
Some of the group firms hit their upper circuit limits.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Optimal hypertension therapy in South Asian patients: study recommends starting with half doses of two drugs in a single pill.
India advises citizens in Cambodia to avoid border areas due to clashes between Thailand and Cambodia, issuing emergency contact information.
Mayor Peela Srinivasa Rao on Saturday commended sanitation workers and said that it is their collective effort that won the Greater Visakhapatnam Municipal Corporation (GVMC) the first position in the special category of ‘Safaimitra Surakshit Sheher’ at the National level.
Delhi High Court overturns Sentence Review Board's denial of premature release to hijacking convict, citing lack of reasoning.
SP MLA criticizes Kanwar Yatra participants, BJP accuses SP of religious intolerance, sparking communal tensions in Uttar Pradesh.
Trinamool Congress MP defends West Bengal CM against accusations of compromising national security for vote bank politics.
Prime Minister Modi launches multiple projects in Tamil Nadu, including new airport terminal, extended runway, and cargo berthing facility.
Leaked phone call leads to Thiruvananthapuram DCC president's resignation, Congress embarrassed, party expels block general secretary.
Chief Economic Advisor V. Anantha Nageswaran inspires graduates at The American College with wisdom on life, success, and failure.
Study by NLU Delhi reveals journalists in India face criminal charges for reporting on officials, religion, and protests.
Governor Gehlot praises teachers' role in society, emphasizing their impact on knowledge, values, and ethics at Prerana Divas celebration.
Subhashini Ali discusses RSS's efforts to create a "Hindu atmosphere" in Kerala through cultural transformation and electoral strategies.
Dayla Ward and Kilian Ivelic win Professional Extreme Slalom at Malabar River Festival; finals on Sunday.