Adani stocks boost Tuesday's market gain
Hindustan Times|December 06, 2023
The Adani group was the star of the stock markets on Tuesday, with its 10 listed companies contributing over 65% of the day’s overall market gains. The surge also erased much of the 10 stocks’ losses since the explosive Hindenburg report in January. On a day the market gained ₹2.9 trillion, investors in Adani group companies turned wealthier by ₹1.9 trillion, marking the biggest single-day jump in value for the infrastructure conglomerate.
Anirudh Laskar
Adani stocks boost Tuesday's market gain

On Tuesday, three Adani stocks shot up 20% each to hit their upper circuit limits - Adani Green Energy Ltd (₹1,348.50), Adani Energy Solutions Ltd (₹1,084.40) and Adani Total Gas Ltd (₹878.70). The group's market cap neared ₹14 lakh crore on Tuesday. While that is a fair bit away from the ₹19.2 lakh crore market cap of January 24, just before Hindenburg hit, the group has still recovered a large chunk of the ₹12.5-lakh crore fall in market cap it had suffered.

In the two trading sessions since the Bharatiya Janata Party (BJP) clinched thumping victories in three state polls, Adani stocks have now contributed 30% to the ₹8.79 trillion addition in investor wealth.

Esta historia es de la edición December 06, 2023 de Hindustan Times.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 06, 2023 de Hindustan Times.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE HINDUSTAN TIMESVer todo
What The Biden Years Meant For New Delhi
Hindustan Times

What The Biden Years Meant For New Delhi

Joe Biden gave India one of its biggest recent diplomatic wins. By being flexible in the formulation around the Ukraine war, he paved the way for the New Delhi Declaration and made the Indian G20 presidency a grand success.

time-read
4 minutos  |
December 11, 2024
Trump picks Indian-American Harmeet Dhillon as assistant AG
Hindustan Times

Trump picks Indian-American Harmeet Dhillon as assistant AG

WASHINGTON: US President-elect Donald Trump has nominated Harmeet Dhillon, a Republican leader and lawyer from California who backed the farmers' protests in 2020 and slammed India for allegedly plotting assassinations of Sikhs in North America more recently, as the assistant attorney general in charge of civil rights in the Department of Justice.

time-read
1 min  |
December 11, 2024
Strained Iran-Israel Relations A Matter Of Concern: Jaishankar
Hindustan Times

Strained Iran-Israel Relations A Matter Of Concern: Jaishankar

The tensions between Israel and Iran are a "source of concern" and India's diplomatic efforts are focused on addressing this issue, external affairs minister S Jaishankar said on Sunday.

time-read
1 min  |
December 09, 2024
Moscow grants asylum to Assad: Russian media
Hindustan Times

Moscow grants asylum to Assad: Russian media

Syria's Bashar Assad and his family have arrived in Russia and have been granted asylum by the Russian authorities, Russian news agencies reported on Sunday, citing a Kremlin source.

time-read
1 min  |
December 09, 2024
Hindustan Times

How minilateralism is reshaping global order

Notwithstanding United States (US) President-elect Donald Trump's warning to the BRICS nations of 100% tariffs if the grouping created a new currency to challenge the US dollar, the future of the international order remains decisively minilateral.

time-read
4 minutos  |
December 09, 2024
Deluge of deals to lift i-bank bonuses to record in 2024
Hindustan Times

Deluge of deals to lift i-bank bonuses to record in 2024

India's dealmakers may win record bonuses for 2024, after fetching the decade's highest fee income driven by share sales, mergers and debt funding rounds.

time-read
2 minutos  |
December 11, 2024
A stall is born
Hindustan Times

A stall is born

\"Chai/Coffee. Garma-garam poori. Aloo ki subzi. Garam-garam parathe.\" It is all handwritten in black.

time-read
1 min  |
December 11, 2024
Hindustan Times

SCHOOL DEATH: AUTOPSY REPORT RELEASED, CAUSE STILL UNKNOWN

A week after a 12-year-old boy died after a scuffle with his classmate inside their class in Chinmaya Vidyalaya in Vasant Vihar, police said the preliminary autopsy report has been released but it did not specify the cause of death.

time-read
1 min  |
December 11, 2024
Man killed in E Delhi over suspected affair, accused absconding
Hindustan Times

Man killed in E Delhi over suspected affair, accused absconding

A man allegedly stabbed to death a former neighbour in New Ashok Nagar, east Delhi, on Monday night over suspicions of the victim having an extramarital affair with his wife, police said.

time-read
1 min  |
December 11, 2024
‘India can play a key role in rebuilding America... Delhi must take Trump’s win as an opportunity’
Hindustan Times

‘India can play a key role in rebuilding America... Delhi must take Trump’s win as an opportunity’

Mukesh Aghi is the president and CEO of the US-India Strategic Partnership Forum (USISPF).

time-read
4 minutos  |
December 11, 2024